Reciprocity...And Other Reasons To Carry A Second Passport Panama is truly a convenient place to live if you want to travel around Latin America. Our flight on Tuesday from Panama City to Santiago, Chile, wasn't short (at seven hours), but it was painless. On-time departure from Tocumen International...good service from Copa in the air...on-time arrival [...]
Why Did Ireland Implode? (And What Can We Learn From That Debacle?) A top news story this morning is about a woman in Michigan who won US$1 million in the lottery. She took the lump-sum payout option and, after taxes, came away with US$500,000. The story isn't about her winning the lottery, but about the [...]
Can You Trust Me?...And Other Reader Comments Monday's e-letter hit a nerve with reader L.S. in the United States:"Dear Mr. Simon, "With all due respect, you have not a clue as to the IQD and its stated re-valuation. Your lack of knowledge and understanding of the IQD since 1992 to date and its current status brings [...]
Iraqi Currency Plays...And Other Scams "I'm moving to Panama (or some other country) as soon as my Iraqi dinars revalue."I've heard this comment maybe a half-dozen times over the last year or so. Someone (I don't know who) came up with a great, plausible scenario to get people to "invest" in the Iraqi currency. Telling [...]
Europe Is Collapsing! Should You Care? At lunch yesterday, a friend here in Panama City asked what I was going to do with my apartment in Paris now that "Europe has collapsed." I wasn't sure how to respond for a couple of reasons. First, I hadn't realized that Europe had collapsed...that all of Europe, every [...]
As if you needed further reason to diversify out of the U.S. dollar, it's worth noting that many U.S. states are talking about doing the same thing. A recent article from CNN Money states that 13 U.S. states are contemplating issuing their own currencies. This isn't a new concept. Before the U.S. Civil War, state-chartered [...]
So You Think You're Diversified? A friend who attended my wife's Live and Invest in Colombia Conference last week told me that, while he has traveled all over the globe and has friends in many different cities around the world, he had never, until last week, considered buying real estate in another country. Despite this, he has [...]
Why Do We Keep Lying To Our Readers? As I'm in Medellin this week, I'm reminded of an e-mail from a reader from a few months ago. This reader was demanding a retraction of our endorsement of Medellin as a retirement and investment destination because he had done some Internet research and found "conclusive" information [...]
What Happens When A Bicycle In Singapore Costs As Much As A House In The United States? Organizing your life so you don't have to worry about the day-to-day ups and downs of the world's currency markets, as we discussed on Monday, doesn't mean you shouldn't be watching to take advantage of currency fluctuations as [...]
I had lunch with a local businessman here in Panama on Friday who informed me that the euro was down as of Friday morning to US$1.26. He was excited because he had shorted the currency at US$1.55 and was planning to cover at US$1.20, even though he thinks the euro will continue down below US$1.20. […]
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