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Author: Lief Simon

28 Oct
Banking And Champagne Tasting In France

Banking And Champagne Tasting In France

Traditionally, the sediment was removed by hand. However, this meant that a fair amount of champagne was lost. As each bottle was opened, the built up effervescence pushed out the sediment but, of course, some of the wine, too. The process was slow and very inefficient. Then, sometime in the 1970s, someone had the big […]

24 Oct
Looking Ahead To A Possible Financial Meltdown

Looking Ahead To A Possible Financial Meltdown

At the end of September, the national bank of Panama shut down the entire ATM system countrywide over a weekend to upgrade the programming… Small inconvenience at the time. Now, a month later, the situation has moved from minor inconvenience to big pain in the neck. People using foreign debit cards to try to withdraw […]

21 Oct
Medellin Opportunity

Medellin Opportunity

Kathleen and I were in Medellin for the weekend taking time to clean up some administrative things to do with our apartment there and also helping our kids, Kaitlin and Jackson, connect with local contacts for their emerging Trader Jack’s Bazaar business. The continued vibrancy of the city (well, at least of its El Poblado […]

17 Oct
Panama Investment

Panama Investment

The path of growth for the foreign investor and retiree in Panama has moved steadily over the past dozen years from Panama City westward along the Pacific coast. This path of progress continues still and is reaching now to the western-facing coast of the Azuero Peninsula. From our position here on the ground, we see […]

16 Oct
International Tax Review

International Tax Review

“You’ll notice that Lief is in his office as usual,” I wrote this morning to our Panama City staff. “However,” I continued, “he asks that you pretend that he’s not. That is, except in case of critical emergency or dire need, please steer clear of Lief’s desk today.” Tomorrow is Tax Day for us and […]

07 Oct
Moving Overseas: Easing Into The Expat Life

Moving Overseas: Easing Into The Expat Life

The Best Place To Take Your First Steps Offshore Panamanians don’t celebrate Thanksgiving, and, while they have it, Halloween’s not a big deal. As a result, the stores are all stocked with Christmas decorations by the end of September. Thanks to the long U.S. influence in this country, you can find Halloween candy in some [...]
30 Sep
Investment Projections Per Expectation

Investment Projections Per Expectation

“I can project any return you like and back it up with real data. The problem is that, the higher the projected return, the lower the likelihood of hitting it.” I was meeting with a new development group as part of my due diligence work. The group is focused on agricultural investments in Latin America. […]

24 Sep
The Cost Of Health Insurance With Obamacare

The Cost Of Health Insurance With Obamacare

Why Obamacare Is Just One More Reason To Diversify California has released information on the cost of Obamacare coverage for those who don't have health insurance otherwise. The average premium cost for the silver plan (they have bronze, silver, gold, and platinum plans) will be US$321 monthly. The annual deductible for this level of coverage [...]
23 Sep
The Necessary Two Accounts Per Entity

The Necessary Two Accounts Per Entity

I’ve heard the stories from friends and readers, but, now, finally, it’s happened to me.A bank where I have an account for one of my offshore entities has sent me the dreaded “due to a policy change, we’re closing your bank account” letter. They’re giving me 30 days to move the money out of the […]