Tag Archive | "Ecuador’s coast"

The American Dream Goes South at Florida Investment Seminar


I’ll focus on how the American dream is heading south at JGAM’s multi currency seminar in Florida this May.

If looked at one way… the American dream is dead. Let’s ramble through economic history for a moment to see why.

In the early 1980s the US had a challenge… a severe recession from July 1981 to November 1982.  Inflation was high so the Fed  slowed the rate of growth of the money supply and raised interest rates. The federal funds rate rose to 20% by June 1981. The prime interest rate, at the time a highly important economic measure, eventually reached 21.5% in June 1982. Businesses went broke by the drove… 50 percent over the previous year.  Especially hard hit were farmers and real estate developers.

The recession was the most serious recession since the Great Depression.

This was tough but inflation eased and the economy rebounded.  Growth took off again… real growth without bad inflation because the real estate overhang and subsequent bankruptcy of the Savings & Loan industry was dealt with by the Resolution Trust Corporation.

RTC liquidated via auction and a massive sell off to private business, the real estate that had been assets of savings and loan associations that were insolvent.

The US government had the sense then not to try and control these assets.  Entrepreneurs bought the assets for pennies on the dollar and turned the property into viable deals in ways that no government agency ever could.

Japan then had a serious recession and the same opportunity.  There was a real estate and stock bubble in Japan in the 1980s.   Then in 1989 there was a massive withdrawal of confidence. Investment collapsed, causing the Nikkei index to fall more than 60 percent.

The Japanese government however decided that it could provide a fix. the Japanese felt they could not let big Japanese businesses go broke.  Between 1992 and 1995, Japan tried six spending programs totaling 65.5 trillion yen. They cut  taxes in 1994. In 1998 they cut taxes again and launched stimulus packages worth more than 40 trillion yen.,  A year later… another stimulus program. In 2000 11 trillion yen more was spent to stimulate the economy.

Over a decade the Japanese government provided 10 stimulus packages worth more than a 100 trillion yen.   The main result was to ruin the Japanese government’s credit with public debt that exceeds 100 percent of GDP. This is the highest percent of debt of all major nations.

Any other results?  Here is evidence… the main Japanese stock index the Nikkei 225 from 1989 till 2009.  Japanese society is indebted for life and the stock exchange has fallen from over 35,000 to  7,600 in 20 years.

Wow that really worked well… so

power-investing

now the US government has decided to do the same thing.

Last week the government  offered another $30 billion in funds to A.I.G. insurance.  This is the fourth round of aid to the American International Group. The government already owns nearly 80 percent of the insurer’s holding company. How much more can they buy?

This sounds like a good investment since the insurance giant was about to report a $62 billion loss after the government has already given a $60 billion loan, a $40 billion purchase of preferred shares and purchased $50 billion of the company’s toxic assets.

Behind this, the government has invested $50 billion in Citigroup… $45 billion in Bank of America.  The Us auto bailout could cost another 100 billion. More on that in a later message.

This is all taking place as the US economy spirals down at an accelerated pace.

Yet the current administration is basing its spending on calculations that suggest vigorous rates of economic growth in years to come.

They have suggested this economic growth will come in 2010.

I wonder?

There seems to  a disconnect between the Federal projections and fiscal reality.   Current conditions are not yet at the level of the 1980s, when unemployment exceeded 10 percent, but they could be soon.

Moody’s chief economist now places the odds of “a mild depression” at 25 percent. In that view, the unemployment rate would reach 10.5 percent by the end of 2011 — up from 7.6 percent at the end of January — average home prices would fall 20 percent on top of the 27 percent they have plunged already, and losses in the financial system would more than triple, to $3.7 trillion.

Yet President Obama calls this a “once in a generation” opportunity and proposed a 10-year budget that overhauls health care, arrests global warming and expands the federal role in education.

How to pay for it?   Tax more corporations and the wealthiest taxpayers.

Wrong!  Higher tax will simply kill business or drive it abroad.  What a  good idea to chase away the last of the success.

The President said  he would shrink annual deficits.  His explanation is that he will increase revenue from rich individuals and polluting industries, reduce war costs and assume a good rate of economic growth by 2010.

The rich will stop working or leave the US.  The polluters will move to Mexico or China or wherever.   The high rate of economic growth will not appear.  Stopping the war will help… but not enough.

Technology means that politicians can no longer ignore the global market and tax its citizens to death.

Take for example what is happening in Ecuador.  Remittances sent by  Ecuadorians who work abroad fell 22 percent in the last quarter of 2008.

$643.9 million was sent from October to December 2008. This is $181.7 million less than in Oct.to Dec.2007.

A similar drop was experienced in the third quarter of 2008 and is caused by the global financial crisis and especially the economic slowdown in the United States, where it is estimated 1.5 million Ecuadorians live and work.

The U.S. employment rate has crashed especially in manufacturing and construction which employ a large number of Ecuadorians.

The same is true in  Spain – where 600,000 Ecuadorians live. this is the second-leading destination for Ecuadorians.

This means that there are more Ecuadorians to serve for less in Ecuador.  This forces the Ecuador cost of living down down.

So if you are an American who is about to be super taxed… where would you choose to live?  Our farm manager sent us this note recently, “We had 4 inches of snow in China Grove.”

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Would you rather live there and pay more tax or…

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enjoy open air dining as Merri and are doing here in our Cotacachi hotel courtyard with Dan Prescher and Suzan Haskins or…

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would you rather enjoy a mountain train ride as these…

multi-currency-investing-florida-course new Cotacachi residents are doing…  passing through green mountains  and blue skies.  Getting a sun burn.

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The is the train from Ibarra to Salinas Ecuador.  Would you rather be taxed extra to be in this pool or…

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be here on Ecuador’s coast with tax advantages?

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Which view will the rich prefer?  This in the US or…

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this… especially if this San Clemente Ecuador ocean view costs much, much less?

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Where would I prefer to walk with my hound?  Here in sub zero temperatures or

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here in Cotacachi Ecuador…especially if I am taxed less and the cost of living is much lower and government interference in my life is less?

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Technology and the global market gives us as individuals enormous power to live where and as we choose that politicians can no longer ignore.

The government’s attitude to increase taxes on those who work hard could turn the existing brain drain from the US into a brain torrent.

In short there are many reasons I see that suggest the economic mess will  last for years in the US,  just as it has in Japan.

Recently, Warren Buffett wrote in his company’s annual report that “the economy will be in shambles, throughout 2009, and, for that matter, probably well beyond.”

This is not the picture we expect of the American dream.  However the picture is not bad for all.  Not all Italians became poor when Rome fell.  Italy is still a great place to live.  There are still millions of Japanese who have thrived over the past 15 years of Japanese recession.  The end of the America dream does not have to be the end of your dream.

In the US we can expect the rich to get richer… the poor poorer.   We can see why from our study of Power Distance Index.  We looked at PDI, and what it is, in a recent message about JGAM’s multi currency seminar.

There is more about Power Distance Index at http://www.clearlycultural.com which says:

Hofstede’s Power Distance Index measures the extent to which the less powerful members of organizations and institutions (like the family) accept and expect that power is distributed unequally. This represents inequality (more versus less), but defined from below, not from above. It suggests that a society’s level of inequality is endorsed by the followers as much as by the leaders.

For example, Germany has a 35 on the cultural scale of Hofstede’s analysis. Compared to Arab countries where the power distance is very high (80) and Austria where it very low (11), Germany is somewhat in the middle. Germany does not have a large gap between the wealthy and the poor, but have a strong belief in equality for each citizen. Germans have the opportunity to rise in society.

On the other hand, the power distance in the United States scores a 40 on the cultural scale. The United States exhibits a more unequal distribution of wealth compared to German society. As the years go by it seems that the distance between the ‘have’ and ‘have-nots’ grows larger and larger.

The trick then is to not accept the PDI from the lower end. Let me explain.

Excerpts from 2007 article by a Stefan Bach , Giacomo Corneo  and Viktor Steiner at www.voxeu.org entitled German income inequality outlines an idea.  The article says:

Paul Krugman frequently mentions that America’s super rich make the 19th Century wealthy look poor. “We know what John D. Rockefeller, the richest man in Gilded Age America, made in 1894 … $1.25 million, almost 7,000 times the average per capita income in the United States at the time.” Krugman wrote. ”But that makes him a mere piker by modern standards … James Simons, a hedge fund manager, took home $1.7 billion, more than 38,000 times the average income.”

Surely such extremes cannot happen on Continental Europe with its social market economics and social solidarity. The authors of Policy Insight No. 4 shows that although income inequality in Germany is a long way from reaching US proportions, the trend is in that direction. Germany rich are getting richer, and its super-rich are getting super-richer.

In other words as a society progresses, those with power get richer while the majority of  the population become poorer.

Note above that power is determined  from below, not from above. It suggests that a society’s level of inequality is endorsed by the followers as much as by the leaders.”

Power is an illusion that keeps most investors and business people depressed while a few gain from this social falsification.

The internet destroys this illusion. The web gives us all power!  Today we have as much opportunity as the rich to gain from the changes that this economic correction will bring.

This is why Merri, our webmaster and I have created a new course on how to build a web business with a webmaster.  More on this in a moment.

First what you can do as an investor or with your own business.

One answer we saw above is to live in a better lower cost environment like Ecuador.

Another answer is to be a multi currency investor. Despite America’s government spending , the dollar has been gaining, particularly against European currencies. The euro slipped to under $1.26, nearing a two-year low and down from a high of almost $1.60. This is caused as fearful investors jump into 10-year Treasury bonds… which have been shown to be terrible long term investments.   All the US government spending means that the US dollar will fall. But against what?

The euro is not a trustworthy currency now. A March 1, 2009 New York Times article by Steven Erlanger and Stephen Castle entitled “Growing Economic Crisis Threatens the Idea of One Europe” explains why.  Here is an excerpt from that article:

The leaders of the European Union gathered Sunday in Brussels in an emergency summit meeting that seemed to highlight the very worries it was designed to calm: that the world economic crisis has unleashed forces threatening to split Europe into rival camps.

With uncertain leadership and few powerful collective institutions, the European Union is struggling with the strains this crisis has inevitably produced among 27 countries with uneven levels of development.

Whether Europe can reach across constituencies to create consensus, however, has been an open, and suddenly pressing, question.

“The European Union will now have to prove whether it is just a fair-weather union or has a real joint political destiny,” said Stefan Kornelius, the foreign editor of the German newspaper Süddeutsche Zeitung. “We always said you can’t really have a currency union without a political union, and we don’t have one. There is no joint fiscal policy, no joint tax policy, no joint policy on which industries to subsidize or not. And none of the leaders is strong enough to pull the others out of the mud.”

Thomas Klau, Paris director of the European Council on Foreign Relations, an independent research and advocacy group, said, “This crisis affects the political union that backs the euro and of course the E.U. as a whole, and solidarity is at the heart of the debate.”

“All of that is in doubt if the cornerstone of the E.U. — its internal market, economic union and solidarity — is in question,” said Ronald D. Asmus, a former State Department official who runs the Brussels office of the German Marshall Fund.

If the the euro is a good currency for diversification, which currencies are?

Our multi currency course helps you learn how to diversify into safe currencies.  Our studies currently suggest that the Danish, Swedish, Norwegian kroner and Canadian dollar make sense. For example beginning in March the Swedish kroner hit a new record low. The Eastern European problems are having an adverse impact on the Swedish banks.   Also the Norwegian currency is a good technical buy.

You can join us to understand why these currencies make sense by subscribing to our on line multi currency course.

You can also join us for a currency review at JGAM’s Naples Florida investment course May 29 to 31, 2009.  This course is $499 ($750 for two) but free to those who have subscribed to our on line multi currency course.

Another way you can attend JGAM Florida seminar free is to subscribe to our course on how to have a web based business.   You can enroll in this special course for $299 and attend the JGAM course in Naples free.

Here is a special offer on this course “Tangled Web – How to Have a Web Business“.

Or join us for an upcoming course in North Carolina or Ecuador.

Gary

Future 2009 courses

May 29-31  JGAM Multi Currency investment Seminar Naples Florida

June 12-14 Shamanic Mingo Tour
June 16-17 Imbabura Real Estate Tour
June 18-21 Ecuador Coastal Real Estate Tour

July 3-6 Ecuador Import Export Expedition
July 8-9 Imbabura Real Estate Tour
July 10-13 Ecuador Coastal Real Estate Tour

July 24-26 IBEZ North Carolina

Sept. 17-21 Ecuador Spanish Course
Sept. 23-24 Imbabura Real Estate Tour
Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 9-11 IBEZ North Carolina

Oct. 21-24 Ecuador Import Export Expedition

Nov. 6-8 IBEZ Ecuador
Nov. 9-10 Imbabura Real Estate Tour
Nov. 11-14 Ecuador Coastal Real Estate Tour

Attend any two Ecuador courses or tours in a calendar month…$949 for one.  $1,349 for two.

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one.  $1,799 for two

Ecuador Beach View & River Property


How would you like to live here… on this Ecuador beach view & river property?

Ecuador-beach-property-for-sale

How would you like to own your own 232 acre Ecuador beach view & river estate with three rivers and a iew of this beach… plus world class ocean views like this?  and…

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land like this.

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Many recent messages have pointed out that the area on Ecuador’s coast that has the greatest and fastest potential lies north of Manta to the town of Bahia de Caraquez.

However my feeling is that the greatest long term potential comes north of Bahia in areas such as San Vicente, Jamas  and Perdenales.

Manta airport is the key. This is where the growth traffic will come from an international point of view… and the gringo market is a big one… very important.

Here is the area for rapid growth now.
ecuador-coastal-property

Distance and the Chone Estuary makes it impractical for international tourism to go north of Bahia at this time.

However…

ecuador-beach-property

the areas north of Bahia are closer to Quito…  a major local market and… when the bridge across the Chone is finished (it has started…but completion dates are unknown)  the area north could boom.  The Chone barrier has kept some prices down.

This is why I was especially interested in an advertisement sent to me by Anne McCowan. She has 232 acres for sale divided in five parcels with spectacular ocean views.

She has to sell in a hurry and has dropped her price from $750,000 to $350,000…for… all five parcels… the entire 232 acres…

She wrote:

Dear Gary, I really want to sell all the property at once.  My partner is now having some health issues. I was offering to sell half the property in five parcels for $750,000 total.  To sell quickly I have dropped the asking price to $350,000 for the entire 232 acres.

Large building site overlooks ocean, shows power poles.

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Large building site.

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Our roads to crop land are very good.

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Another large building site.

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Here is Anne’s advertisement.

This land has building sites, crop land, roads, power, water cisterns and panoramic views of the ocean.

One site has a 250 degree, panoramic view of the ocean, resembling a hilltop in Malibu  with acreage on top but also with a nearby monkey colony.

One site has 2,000 fine aroma cocao plants and 2,000 plantain plants.

There is cropland all situated next to this huge river for easy irrigation.

This is all natural, virginal property.  The buyer will own all 232 acres.

Every time I get off the plane, I become physically and mentally rejuvenated within 2 days.

This is perhaps one of the healthiest and safest place left on the planet.

Four of the parcels have incredible views of the ocean and one has an acre of prime, flat crop land with a large river as its border.

Concrete pillars for a house are already in place so you can build your paradise home the way you want for about 5% what it would cost in the U.S.

One of the the best and most experienced (40 some years combined experience in the office ) real lawyers on the coast is familiar with the land so title work should be easy.

In this area there is surfing, snorkeling, hiking horse-back riding, mountain climbing, jungle excursions, Galapagos trips, fishing ( from swordfish to you name it. ) boating (there are several sailboats and yachts with Americans anchored and love taking people around by water), jet skis, walking along glorious beaches with spectacular sunrises and sunsets.

There is very low humidity on the coast. The temperature averages 70 degrees year around!

Imagine laying in your hot tub out on your balcony sipping fresh fruit drinks brought by your maid and having this awesome view absorbed by every cell in your body and soul!

The largest site is about the size of a football field with total unequaled views of the ocean in front and mountains in back. (where a family of monkeys live).

This site has 25 acres of excellent rolling hills below.

The second site is nearly 40 ares with the same views, but higher up. This site is  leveled and prepped and primed for building (for that matter, all sites are.)

The third site has the best view, smaller with 10 acres of hillside.

The fourth is the new site with a 250 degree awesome view of the ocean. This  is higher up the mountain so you can see the changes of the colors of the ocean. You could build a circular, huge home and have acreage for crops.  The last site is is flat crop land with the largest river on the property as its border. The concrete pillars for a small home are already in. This site comes with 1 acre, and fruit trees, but no ocean view unless you build a multi story house.

There are three rivers on the property, fresh water cisterns, new power lines and new, beautiful 30′ wide roads all in place.

The rivers are fresh water coming off the mountains going into the ocean. No tidal flow affects purity. No salinity.

Over 500 monkeys of varying species live on the property.

In some places we have measured the top soil to be four feet thick.

Always fresh food from every kind of fruit imaginable to fresh exotic sea fish and lobster right at your doorstep, fresh lobster, red snapper, wahoo, shrimp, Chilean sea bass, etc.     Shrimp are virtually everywhere from farm raised to caught straight out of the ocean for next to nothing

Labor is $5.00 per day for a machetero, maid, cook or whatever you need or desire. Some helpers double as maid/cook/housekeeper for the same price!

Hospitals are modern and only cost $15.00 plus the cost of medicine if needed.

The villagers are the most friendly I’ve met in my extensive travels, and will literally watch over and protect you once you’re accepted and become “one of the family.”

There is virtually no crime!

There is little fear of earthquakes, rising oceans, or tsunamis, as the property is well up the mountain overlooking 200 degree vistas of nothing but ocean.

The Arch de L’Amor National Historical Natural Monument is located adjacent to the property, on the beach.

There you have it…great farming… friendly village… good weather… incredible views and a reasonable price.

We are not involved in this sale in any way, but I believe she is trying to organize a guide to take any delegates at our March 17-18 real estate tour to see the property on March 19.

If you would like more information please contact the seller Anne McCowan at annem2@yahoo.com

Until next message, good living wherever you are.

Gary

Join us in Cotacachi or the coast for our March or June tour.

Enjoy the holidays festivities in March.

Ecuador-beach-river-property

March 8-9 Imbabura Real Estate Tour

March 10-15 Ecuador Import Export Expedition

March 16-19 Ecuador Coastal Real Estate Tour

On the import-export course we’ll look at hundreds of Ecuador crafts.

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We’ll visit properties for sale like this excellent hotel with huge gardens in central Otavalo.

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June 12-14 Shamanic Mingo Tour
June 16-17 Imbabura Real Estate Tour
June 18-21 Ecuador Coastal Real Estate Tour

We’ll enjoy numerous shamanic ceremonies.

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On the real estate tours you’ll see property available nowhere else because sellers come to us first since we charge no commissions.  Here is one of the Vistaazul condo blocks.  totally purchased by our readers at a rock bottom price because they were sold without commission.

Ecuador-beach-river-property

Attend any two Ecuador courses or tours in a calendar month…$949 for one. $1,349 for two

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one. $1,799 for two

We have great social times n our tours as well.  Delegates love sharing with one another. Here is one of our groups enjoying a coffee break in the courtyard of Meson de las Flores.

Ecuador-beach-river-property

Future 2009 Ecuador courses:

Get our web based course FREE if you join us in Ecuador this March or June.

This new course entitled “Tangled Webs We Weave – How to Have Your Own Internet Business” is available at $299.

This is a bargain. Merri and I have been traveling and doing international business for 41 years. We have had a web based business for over ten years. You can share everything we have learned for just $299.

However if you sign up for any three of our in person courses below, you can have The Tangled Web course free.

Enroll here $299

July 3-6 Ecuador Import Export Expedition
July 8-9 Imbabura Real Estate Tour
July 10-13 Ecuador Coastal Real Estate Tour

July 24-26 IBEZ North Carolina

Sept. 17-21 Ecuador Spanish Course
Sept. 23-24 Imbabura Real Estate Tour
Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 9-11 IBEZ North Carolina

Oct. 21-24 Ecuador Import Export Expedition

Nov. 6-8 IBEZ Ecuador
Nov. 9-10 Imbabura Real Estate Tour
Nov. 11-14 Ecuador Coastal Real Estate Tour

Cotacachi Sun


One huge benefit of Cotacachi is the sun. Even January to March which is the rainy season in Cotacachi, there is plenty of sun.  I watch it rise behind the Cathedral each day.  Here he comes!

cotacachi-sun

This year Cotacachi has been cloudy, but rained all day only one day.  Merri and I walk early every morning  and have only been wet one time since early January.  The weather varies through the day…starting in the higb 40s or low 50s and working up into the 70s.

This makes farming and gardening great.  The fields are volcanic rich.  We walk here daily. The planting was a couple of weeks ago.  Now the beans are coming up fast.

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There is a chance to have plenty of Cotacachi sun almost every day. This is really good for health because the sun produces Vitamin D.

Dr. Mercola recently posted an article at his site which says:

A meta-analysis of 18 randomized controlled trials has found that supplemental vitamin D significantly reduces mortality from all causes.

The analysis emphasizes the medical, ethical, and legal implications of promptly diagnosing and adequately treating vitamin D deficiency.

Not only are such deficiencies common, but vitamin D deficiency is implicated in most of the diseases of civilization. Vitamin D’s final metabolic product targets more than 200 human genes in a wide variety of tissues. One of the most important genes vitamin D up-regulates is for cathelicidin, a naturally occurring broad-spectrum antibiotic.

Since vitamin D deficiency is both endemic and is associated with numerous diseases, it is one of the most important medical problems in modern society. Treatment of vitamin D deficiency in otherwise healthy patients must be individualized due to the numerous factors affecting vitamin D levels. Steps should be taken to keep patients with chronic diseases associated with vitamin D deficiency, especially internal cancers, in the higher normal range of vitamin D blood levels.

Those who come and stay always report feeling better and losing inches.

Part of this is the sun…part the fresh food. The markets and shops are filled with really inexpensive fruit and vegetables of all types. Here is a typical display.

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This allows up to make the coffee breaks at Meson de las Flores healthy…with tropical fruit and…

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Wonderful treats like these fresh coconut balls dipped in chocolate.  Our staff chops the coconut and rolls it in the chocolate. No preservatives here…plus its served with gooseberries and strawberries…from the field fresh.

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Fresh fruit and juice are served at every breakfast… sunshine in food!

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Served in our sunny courtyard.

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With tropical fresh squeezed juice as well.

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Served by a staff with a sunny disposition. here…

cotacachi-sun they enjoying their meal in the kitchen after feeding everyone else.

The seafood come is also fresh and at a really low price. This is the Ibarra seafood market.

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All types.

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The good weather and beautiful terrain invites us to hike more also. Here I am with a group from our last course hiking at Lake Cuicocha.

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There is one other benefit. This is the geese at our North Carolina farm two days ago.

cotacachi-sun Our friend Richard Goebel who looks after the farm wrote: It’s been so cold ,windy and snowy today that the geese stayed really close to home.

When even the geese are cold, it’s a good time to be on the equator in the Cotacachi sun.

We hope we’ll see you in Cotacachi or on the coast to enjoy the sun!

Gary

Join us in Cotacachi or the coast during this holiday season.  Enjoy some of Ecuador’s parades, festivals and celebration.

cotacachi-sun Join us in Cotacachi this March or June.

March 8-9 Imbabura Real Estate Tour

March 10-15 Ecuador Import Export Expedition

March 16-19 Ecuador Coastal Real Estate Tour

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On the import export tour we view many markets and local crafts.

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Bob Shane will be at our March courses and will be available to provide health balancing.

We’ll hike into this sacred valley with a shaman (or you can ride in with 4 wheel drive)

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June 12-14 Shamanic Mingo Tour
June 16-17 Imbabura Real Estate Tour
June 18-21 Ecuador Coastal Real Estate Tour

On the real estate tours you’ll see property available nowhere else because sellers come to us first since we charge no commissions.  Here is new construction we’ll see in Cotacachi, $47,000 asking.

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Here is a house we viewed on the last tour.  $25,000 asking.

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With this view.

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Attend any two Ecuador courses or tours in a calendar month…$949 for one. $1,349 for two

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one. $1,799 for two

We work hard on our tours.  You’ll see houses like this with sea views asking… $39,000.

galapagos-cruise-news

Yet we have great social times as well. Delegates love sharing with one another. Here is one of our groups relaxing  at Palmazul on Ecuador’s coast.

galapagos-cruise-news

Future 2009 Ecuador courses:

Get our web based course FREE if you join us in Ecuador this March or June.

This new course entitled “Tangled Webs We Weave – How to Have Your Own Internet Business” is available at $299.

This is a bargain. Merri and I have been traveling and doing international business for 41 years. We have had a web based business for over ten years. You can share everything we have learned for just $299.

However if you sign up for any three of our in person courses below, you can have The Tangled Web course free.

Enroll here $299

July 3-6 Ecuador Import Export Expedition
July 8-9 Imbabura Real Estate Tour
July 10-13 Ecuador Coastal Real Estate Tour

July 24-26 IBEZ North Carolina

Sept. 17-21 Ecuador Spanish Course
Sept. 23-24 Imbabura Real Estate Tour
Sept. 25-28 Ecuador Coastal Real Estate Tour

Ecuador-holiday

Oct. 9-11 IBEZ North Carolina

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Oct. 21-24 Ecuador Import Export Expedition

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Nov. 6-8 IBEZ Ecuador
Nov. 9-10 Imbabura Real Estate Tour
Nov. 11-14 Ecuador Coastal Real Estate Tour

Our Cotacachi courses are conducted at this Cotacachi Museum next to our hotel Meson de las Flores.

Ecuador-holiday


Ecuador Beach Property Costs


Ecuador beach property offers tax and cost of living benefits.

On our recent Ecuador beach property tour we looked at any properties up and down Ecuador’s coast.  The Ecuador beach property we saw ranged from $18,000 for one of these small houses…

Ecuador-Beach-Property

to this luxury Manta condo with huge balcony at $260,0000 asking…

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to this Crucita house at $160,000 asking…

Ecuador-Beach-Property to these beach front condos at $79,000 with…

Ecuador-Beach-Property this sunset view from their roof tops.

Ecuador-Beach-Property

For more information on San Clement sunset beach condos contact Kjetil Haugan at  kjetil@haugancruises.com

For more on the Crucita house contact James Cheek at jamescheek@miravistasa.com

For more on the Manta condo Pilar Davila at sherie7_2000@yahoo.com

For more on Bahia porerty contact Gary Swenson at  garyswenson2000@yahoo.com

Yesterday’s message saw how on our Cotacachi property tour we saw that Cotacachi’s cost of living was low.

While on the Ecuador beach tour, we talked about the cost of living, with an American who lives on several acres of fully owned Ecuador beach property.

He told us that propane was $1.50 for a 20 gallon bottle.  He uses about two bottles a year (he and his family often eat out because food in restaurants is so inexpensive).  An almuerzo (three course lunch) is .80 cents to $1.50.

He needs no heat or air conditioning on Ecuador’s beach.

Water is $6 a month.

Electricity $20 a month.

He reckons that the monthly outlay for him and his wife and two year old son to run his acreage with two staff is $700.

The cost of loving Ecuador? He warned us to watch out. This American who is in his mid 50s planned to sail the world.  He sailed from the US but while visiting Ecuador fell in love with the country and a woman. Now they have a two year old and are expecting again.  So if you visit Ecuador be warned!  This wonderful country has many ways of captivating your heart!

Tomorrow’s message looks at two huge Ecuador tax benefits

Until then good living wherever you are.

Gary

Join us in Cotacachi in February when our courses focus on health and wealth.

Merri, our webmaster and I have created a new course on how to build a web business with a webmaster.  Here is a special offer on this new course.

You can enroll in this special course for $299. However if you sign up for all three courses in February or March 2009, I will send it to you free. You save $299.

Sheri Clary will be at our February courses and available for consultations about bio-identical hormones. Our February Cotacachi schedule is:

Feb 9-11 Beyond Logic Keys to More Wealth & Better Health

Join Merri, me and Blaine Watson, plus enjoy a shamanic ceremony in the Cotacachi Shamanic Valley.

Feb. 13-15 International Business & Investing Made EZ

Join Merri, me and Peter Laub of Jyske Global Asset Management at OUR INTERNATIONAL INVESTING & BUSINESS COURSE IN ECUADOR. We review economic conditions, Ecuador real estate, my entire portfolio plus investing and business ideas for the months ahead.

Feb. 16-17 Imbabura Real Estate Tour

March 8-9 Imbabura Real Estate Tour

March 10-15 Ecuador Import Export Expedition

March 16-19 Ecuador Coastal Real Estate Tour

Bob Shane will be at our March course and will be available to provide health balancing.

Get our web based course FREE if you join us in Ecuador this February or March.

Attend any two Ecuador courses or tours in a calendar month…$949 for one.  $1,349 for two

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one.  $1,799 for two

Future 2009 courses

May 29-31  JGAM Global Asset Strategy Seminar

June 12-14 Shamanic Mingo Tour
June 16-17 Imbabura Real Estate Tour
June 18-21 Ecuador Coastal Real Estate Tour

July 3-6 Ecuador Import Export Expedition
July 8-9 Imbabura Real Estate Tour
July 10-13 Ecuador Coastal Real Estate Tour

July 24-26 IBEZ North Carolina

Sept. 17-21 Ecuador Spanish Course
Sept. 23-24 Imbabura Real Estate Tour
Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 9-11 IBEZ North Carolina

Oct. 21-24 Ecuador Import Export Expedition

Nov. 6-8 IBEZ Ecuador
Nov. 9-10 Imbabura Real Estate Tour
Nov. 11-14 Ecuador Coastal Real Estate Tour

Ecuador Banking & Currency Excerpts


Ecuador banking for gringos can be made easy.

You can use banks like this without even opening a bank account.  We’ll see why in a moment.  First…

Ecuador-multi-currency-atm

First this is day three in Ecuador health week.

Ecuador Health Tip #3  is to simply eat more simply and eat less.

Good nutrition is a vital part of good health. But what nutritionally is right?

Having lived around the globe, I have learned so many schools of thought on nutrition (starting with McDonald’s my primary food provider when in high school and I’m still paying for that bad habit) to shamanic Andean nutritional routines., that my head spins when I think about it. Plus Merri and I nrolled in a doctorate degree program (not for the degree but the knowledge) on holistic nutrition.

Program for Health

The problem is, the more one reads, the more the experts seem to contradict themselves! Some say eat raw, others only cooked. Some say something is good others bad and the list of conflicts goes on and on.

Many of them are right, but the crunch is they are only right part of the time, or in some instances or only if an entire program is followed. And of course, most of them don’t take into account body types, which for us is of utmost importance.

Merri’s and my program for health falls into three categories-nutrition, exercise, consciousness and purification. The three parts are so intertwined that one cannot look at any one of them totally alone.

These categories wrap around themselves in every material and consciousness aspect of health. For example, what we watch on TV is a consciousness aspect of nutrition. Our entire being has to digest what we watch, see and hear. So what we see is a type of nutrition. What we see, hear, smell, feel and taste as we eat (and even before a meal) also impacts the digestion of food. Digestion works with every sense and affects the nutrition we receive.

So the rule of KEEP IT SIMPLE seems to be one that almost all the systems I have blundered across agree on.

Certainly a secret of slowing the aging process is do not eat too much!

This sounds so simple but the fact is almost every diet book in the world tiptoes around this simple fact. Many claim you can eat as much as you want on a diet. Rubbish. The only way that scientific research has ever shown to live a longer life is by cutting back calories.

Biologist Siegfried Hekimi learned how to lengthen the average lifespan of tiny transparent worms from 15 to 20 days (the equivalent of increasing a human lifespan from 75 to 100) and confirmed what many scientific studies have found. There is a link between metabolism and lifespan. Eating less can slow the metabolism down.

Our Andean shaman stressed this fact in many ways.  As mentioned in tip #2, I once asked him his most important rule for nutrition. “Eat only on an empty stomach,” was his reply.

This is hard to do if you eat too much. Your blood sugar rockets (from all the food). This causes your adrenalin to kick in to keep the blood sugar in balance. This causes the blood sugar to plummet. This makes you hungry way before the body has had a chance to digest its meal.

There are more reasons. The body is very adept at confirming to our circumstances by creating habits. We eat a lot and the stomach is stretched. The body worries about this and grows the stomach. The bigger stomach instills the habit for more food to fill it. Habits are hard to break except because we are subject to the law of diminishing returns, we want to eat more and more and more.

That’s a universal rule. Let’s look at some specifics. The Andean nutritional system keeps a good fat, protein carbohydrate balance. The Andean shamanic health diet  does not mix sweet with salt. They avoid fermented foods and divide foods into three group: sweet, savory and neutral. You can mix sweet and neutral or salt and neutral but not sweet and savory.

Melon and pineapple are only eaten alone. The Shamanic way is to have light sweet meals morning and evening and full savory meal at noon.

Keeping life simple makes sense when it comes to Ecuador living and banking.   This excerpt of a full report on Ecuador banking, just sent to our Ecuador Living subscribers shows why. Here is the excerpt.

Ecuador’s currency is the US dollar so no currency exchange is required coming or going.  This makes banking easy to begin…but how can one operate money wise on a day to day basis.

There are several ways to bank in Ecuador without having an Ecuador bank account.

Let me add to begin.  I do not trust Ecuador banks. I  lost a fair amount of money in Ecuador banks when they crashed in 1999.  Once bitten twice shy.  plus it is hard for anyone without a resident visa (which Merri and I do not have nor desire) to open an Ecuador bank account.   There are better ways.

One way is  to use ATMs.  Merri and I never had an ATM card in the US but found that this is a good way to access cash here. We also have a safe in all our rooms in Meson de las Flores. Most  hotels  offer free safety deposit boxes so when we arrive, we just put all our cash, wallet with credit cards and passports in our safe box. Then we just have a bit of cash like $20 or so in our pockets.

Ecuador ATM’s

Merri and I live off of ATMs in Ecuador for our day to day cash needs..

ATM’s are in almost every village in Ecuador and are compatible with international credit cards.

Visa credit cards work at ATMs operated by Bank of Guayaquil, Pichincha, Produbanco and Banco Pacífico. Each ATM shows the logos of which cards can be used on that machine. We use our regular ATM cash card issued by our Florida bank at this Bank of Pichincha branch (shown above) on Cotacachi’s second smaller plaza.

Ecuador-multi-currency-plaza

The plaza is pristine because it is maintained by the bank.

Ecuador-multi-currency-atm-sign

The bank is next to the police station and the second smaller Cathedral.

Ecuador-multi-currency-atm-cathedral

Bes ure to see further on what they are doing behind the bank.  There are two Cathedrals in Cotacachi and one bank…a nice ratio.

However there are three Cotacachi ATMs. The other two are on the main street 10th of August. Here is one of them…the newest of the three.

cotacachi-road-work

We are allowed to take $500 a day from the Pichincha ATM and $300 a day from the others.

Jyske ATM Banking in Ecuador

One nifty way to combine global investment management bank and your cash needs in Ecuador is through Copenhagan with Jyske Bank’s VISA debit cards.

This card makes it easy to access cash from your Danish bank account.

Why a Danish bank?  As mentioned earlier I do not trust Ecuador banks. On the other hand Danish banks are among the safest in the world.

First let’s examine safety.  How safe?

In recent years Denmark has been rated by Standard & Poor’s as one of the safest country in the world in which to bank.

Jyske Bank is well established with a history of over 100 years. Jyske is Denmark ’s second largest bank, with 450,000 clients in Denmark and over 30,000 abroad.

Jyske Bank has over 23 billion euros in assets and also happens to be one of the leading currency traders in the world. Many other large banks use Jyske to handle their off hour currency positions. This means that Jyske is huge when it comes to multi currency activity. In fact their turnover reaches $50 billion dollars a day.

Bank Safety Point #1: A recent Yahoo Canada article shows a survey by the World Economic Forum listed five safest countries in which to bank.

Canada
Sweden
Luxembourg
Australia
Denmark

So Denmark is a safe place to bank. Now let’s look at Jyske Bank’s safety rating.

Bank Safety Point #2: On October 10 2008, Moody’s affirmed Jyske Bank’s long-term Aa2 rating. This decision came despite the deteriorated economic prospects in Denmark, particularly in respect of the property market.

Bank Safety Point #3: Also on Friday 10 October 2008, the Danish Parliament passed a bill that secured all deposits and unsecured claims against losses in Danish financial institutions. The rating of the Kingdom of Denmark is Aaa/AAA with Moody’s and Standard & Poor’s respectively.

The people at Jyske are common sense bankers. They had minimal sub prime exposure when that scandal broke. Jyske had zero Madoff exposure.

That’s safe!

How about service?  First of all,  Jyske can manage your wealth. For anyone with $50,000 or more to invest Jyske can buy, sell and hold investments from all over the world, stocks, liquid assets, bonds and commodities. They provide full managed or advisory only services.  They even lend in multiple currencies to leverage investments for investors with $100,000 or more.   Almost no bank in North or Latin America can do this.

Once you have Jyske caring for your wealth, they can then provide a steady stream of cash when you need it…via a global debit card.

Jyske Ecuador & Global Service.

Even US clients who have managed accounts at Jyske Global Asset Management  (JGAM) can have a VISA debit card.

JGAM opens a specific on demand account with Jyske Bank so funds can be made available via the card.

These cards can provide access to cash anywhere in the world…including Ecuador.

Here is Cotacachi’s third ATM.

cotacachi-road-work

Jyske offers three different cards to match different needs.   Each type of card provides considerable flexibility.

You can choose to have the card denominated in a number of currencies based on your choice.  An account is created at Jyske bank in the same currency. No matter the account currency,  the cards can be nominated in euro, US dollar,  British pound, Swiss franc, Swedish or Danish kroner.

If you have have dollars invested and are drawing dollars in Ecuador, you can eliminate forex costs by nominating your card in US dollars.

For more information US investors contact Thomas Fischer of Jyske Global Asset Management at fischer@jgam.com

Non US investors contact Rene Mathys of Jyske Bank at mathys@jbpb.dk

You can read the entire report on how to protect against Ecuador banks, Ecuador bank fees and access money in Ecuador …to pay bills, live and invest  etc. as an Ecuador Living subscriber.

Keeping your investing simple in these complex and difficult times can also be easy as the excerpt below form our multi currency course explains.  Here is the excerpt.

Inflation…to be or not to de… Deflate that is. That is the question…we must answer to invest correctly in the days ahead.

I lean further towards inflation over deflation each day.  We can see it coming…governments (led by the USA) spending so much money they do not have, that currencies lose purchasing power.

Here is another inflationary note from the New York Times in an article yesterday that said:

President-elect Barack Obama plans to include about $300 billion in tax cuts for workers and businesses in his economic recovery program, advisers said Sunday, as his team seeks to win over Congressional skeptics worried that he was too focused on government spending.

The legislation Mr. Obama is developing with Congressional Democrats will devote about 40 percent of the cost to tax cuts, including his centerpiece campaign promise to provide credits up to $500 for most workers, costing roughly $150 billion. The package will also include more than $100 billion in tax incentives for businesses to create jobs and invest in equipment or factories.

This may seem like really good news for business, but bad news for the US dollar and hence inflation.   Spending that is not matched by production is inflationary.

For most people, this is bad.

Yet inflation creates fortunes for those of us who know what to do.

There are three ways to profit and stay ahead of inflation. Multi currency investments in distorted shares….distorted commodities and distorted real estate.

TO KEEP MY GLOBAL INVESTING SIMPLE, I BREAK DOWN MY INVESTMENTS INTO THREE PORTIONS, personal…pension…and property.

Yesterday’s lesson looked at my current personal investments to see how I am reacting to this scenario.  We saw that our current asset  breakdown in our personal liquid portfolio is:
Cash Accounts 36%
Bonds 64%

This cash and bonds have a currency breakdown of

Canadian dollar       9%
Euro                         18%
British pound          3%
Hungarian florin   19%
Norway Kroner        9%
NZ dollar                   9%
Sweden kroner       26%
US dollar                   8%

We asked …why all cash and bonds if I believe in inflation?

You may even wonder more when you see  my pension portfolio breakdown.
The asset breakdown of my pension liquid investments are:

This portfolio is more aggressive than my personal liquid portfolio, with shares, emerging shares and emerging currencies.

You can see my pension portfolio breakdown and why I  keep the investments with the lowest potential profit in my personal account since profits and the high risk investments in my pension as a Multi Currency Portfolio Course

Until next message, may all your money be easy to access in a simple way!

Gary

Join us at a course in Cotacachi or on Ecuador’s coast this winter.

Cotacachi speeds ahead! Yesterday we saw how a new road was transformed in a day.

MERRI AND I WALKED BACK AT 6:40 AM THIS MORNING AND THEY HAD MADE ENORMOUS PROGRESS AND WERE ALREADY ON THE JOB.

cotacachi-road-work

They already have sidewalks complete and…

cotacachi-road-work

are laying the brick pavers. I expect they’ll have made a huge impact by tomorrow and will report then. he workers were tickled when I showed them their picture.

cotacachi-road-work

Jyske Gobal Asset Management will join us Feb. 13-15 for our course International Business & Investing Made EZ

Join us at a course in Cotacachi to learn more about multi currency investing or on Ecuador’s coast this winter.

Feb. 9-11  Beyond Logic Simple Ways to More Wealth and Better Health

Feb. 13-15 International Business & Investing Made EZ

Feb. 16-17 Imbabura Real Estate Tour

March 8-9 Imbabura Real Estate Tour

March 10-15 Ecuador Export Expedition

March 16-19 Coastal Real Estate Tour

Attend any two Ecuador courses or tours in a calendar month…$949 for one$1,349 for two

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one$1,799 for two

Better still join us all year in Ecuador! See our entire schedule of 27 courses, tours, mingos and expeditions we’ll conduct in 2009 and how to attend as many of them as you like FREE.

The course fee includes meeting at Quito airport (day before the
course)…transportation (by group bus) to Cotacachi and back to Quito.
Course fee does not include air are. accommodations, food or individual transportation.

Ecuador and the Dollar


Since 2000, the US dollar has been Ecuador’s currency. Could it be that now Ecuador and the dollar might part ways?

Many readers have written and voiced concern that Ecuador might stop using the US dollars as its currency and return to a new sucre.

This may or may not happen. I previously did not think it would, until recently President Correa vowed that Ecuador would continue to use  the US dollar.

Lesson one of our Multi Currency Investing course points out that a general rule of currency investing is to expect a currency to devalue (or in this case change) soon after the responsible government swears that it will not.   See more about our Multi Currency Investing Course

Perhaps.

The current strength of the greenback alters the fundamentals.  If the dollar remains strong it is more likely that Ecuador will go off the dollar in  2009.

A continued low oil price could also have an impact on a decoupling decision for two reasons.  First, Ecuador’s President Correa will be under extreme pressure to deliver local promises he has made to the public.  Without high oil prices he has no money to deliver the goods.  His public excuse could be to blame America and the US dollar.  A return to the sucre would allow Correa to print money he needs for local promises right now.  This would only give him a short term boost but if he is desperate this might happen to make him look better.

Secondly, low oil  prices will diminish Ecuador’s foreign exchange reserves and the nation’s ability to pay foreign obligations and debt.  Correa has proven he is willing to jilt long term obligations.  A bond default slams the door in the face of someone who gave you something in the past.  However it is a bit easier to beat up on creditors of the past than those you need to deliver goods now or in the future.  If you do not pay them, they stop sending the goods!

Correa will not want the country running short of the supplies it needs to run on a day to day basis.

Let’s watch for Ecuador’s  reserves versus its short term obligations as an indicator of when Correa might pull the dollar plug.

If Ecuador and the US dollar do part, we must ask, so what? For many, this switch back to the sucre would be good.

When Ecuador originally Dollarized those who suffered most were the urban poor and citified middle class.  When the sucre was Ecuador’s currency and it devalued… wages were always raised at the same time. This meant that basics like food, clothing and subsistence shelter did not really cost more. Inflation at the base level was not real.  Certainly Western imported goods cost more…like TVs, cars and computers.  This mattered little to the urban poor because they never had a chance for this stuff anyway.  The middle class emigrated in droves to Spain and Italy.

Dollarization made inflation real!  Politicians could print more sucres to raise wages with inflation…but they could not print more dollars.  The poor in the city reeled.

The poor in the country who worked in agriculture did well though.  The price of crops rose.

Then the US dollar began to collapse versus other currencies.

The falling dollar helped create business opportunity.  One friend who owns a flower exporting business told me that the flower business in Ecuador was good due to the dollar fall versus other Latin America currencies, especially the Colombian peso. Colombia is one of Ecuador’s largest competitors in roses and bananas, two of Ecuador’s largest exports.

The cost of Ecuadorian products became lower even in the U.S. when compared to products from countries (such a Colombia) where the currency had strengthened against the dollar.

As the dollar falls versus other Latin America currencies, Ecuadorian products become less and less expensive in global terms.

Now of course the dollar has gained strength and this hurts Ecuador’s export potential.  The strong dollar is the rock…the low oil prices…a hard spot.  Correa and Ecuador’s economy are caught between them.

Also a new sucre, though less convenient,  would probably be good for expats.

A full report sent to our Ecuador Living subscribers explains what this would mean to expats and the Ecuador real estate market. You can subscribe here

Gary

Join us at a course in Cotacachi or on Ecuador’s coast this winter.

Jyske Gobal Asset Management will join us Feb. 13-15 for our course International Business & Investing Made EZ

Join us and then stay on for a real estate tour Here is our latest group inspecting the hotel,which is one block from the Ecuador’s Pacific.

ecuador-real-estate-risk

We’ll view this hotel. It has a huge front porch.

ecuador-real-estate-risk

Large second floor veranda with ocean views.

ecuador-real-estate-risk

Beautiful flowered front yard.

ecuador-real-estate-risk

The building is really rough and needs work…but over 8,000 square feet of building. The asking price is $60,000.

We have sent our Ecuador Living paid subscribers more details on this building on this Ecuador hotel for sale. Subscribe to get this report. See how to subscribe to Ecuador Living here.

Join us for our next Spanish course ad real estate tours.

Join us at a course in Cotacachi to learn more about multi currency investing.or on Ecuador’s coast this winter.

Jan. 16-21 Ecuador Spanish Course
Jan. 22-23 Imbabura Real Estate Tour
Jan. 24-27 Coastal Real Estate Tour

Feb. 13-15 International Business & Investing Made EZ
Feb. 16-17 Imbabura Real Estate Tour

March 8-9 Imbabura Real Estate Tour
March 10-15 Ecuador Export Expedition
March 16-19 Coastal Real Estate Tour

Attend any two Ecuador courses or tours in a calendar month…$949 for one$1,349 for two

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one$1,799 for two

Better still join us all year in Ecuador! See our entire schedule of 27 courses, tours, mingos and expeditions we’ll conduct in 2009 and how to attend as many of them as you like FREE.

The course fee includes meeting at Quito airport (day before the
course)…transportation (by group bus) to Cotacachi and back to Quito.
Course fee does not include air are. accommodations, food or individual transportation.

Ecuador Charity


See a link about Ecuador charity, giving and an Ecuador Living excerpt below.

Our Ecuador charity does not just give.   Just giving builds dependence which is not our goal. Our aim is to help the great people of Ecuador help themselves.

This is why our Ecuador charity, Land of the Sun Foundation  has had its greatest focus in the past few years on helping the hotel Meson de las Flores learn how to stand on its own.  We have helped the Meson staff take Meson from a crumbling empty shell and transform it into renewed facility and profitable operation.  All profits go back to improving the hotel or to the Ecuador Land of the Sun charity that aims to help expand business in Ecuador.  Merri and I do not make a penny from the hotel….our pay check  goes to the heart instead of  the pocketbook

For Meson’s success, we thank all of you who have visited us here.

The staff at Meson de las Flores asked me to send all of you their best wishes for UN MUY FELIZ ANO.  Here is Meson’s staff.

Meson-Cotacachi-Hotel

From left to right Meson’s staff.  Ecuardo – maître d,  Alberto – sous-chef, Consuelo – hostess, Ray – global liasion, Rosita Elena – maid, Mauricio, – night assistant and tour guide, Santiago – chef,  Franklin – manager.  Not present Rosita De la Torres – maid.

The staff of Meson de las Flores are to be congratulated. They are remarkable people who have been willing to work hard for and to deserve their success.  Here is the type of comment I continually receive about service at Meson de las Flores.

Dear Gary and Merri,  From Mesón de las Flores I am sending you my very best wishes for this coming year!!!  I am at your hotel since Monday afternoon together with two good friends and we have really enjoyed the place, the warmth of your staff and the natural food.  I have particularly enjoyed the chance to relax, to do some sightseeing in Cotacachi and Otavalo.  2008 was a very busy year for me, but also a very blessed time for which I am very grateful to God.  I thank Him for the opportunity of having met during this year people like you who has a passion  for what they do and their work benefit many  people´s live. Have a wonderful 2009!!

The warmth of the staff at Meson is a continual refrain I read like this:

Hi Gary and Merri!  I  miss Ecuador so much!  It is amazing to me that, after only 90 days there I feel such a strong connection and love for Cotacachi and all the local people and the others I met there.  I am counting the days until my return.  You promised me that I would be pampered — and El Mason and the people
there really took care of me.  I think it is good to leave Ecuador and experience “home” — it really confirms that Ecuador is a beautiful place and the people there are so warm and welcoming.  Best thing I ever did!  Can’t wait to return!  Blessings to you both,

Having Ray as our global liasion at the hotel has been a hug addition that really helps guests.  We receive continual raves about Ray:

I LOVED the market in Otavalo and came home with another extra-large Ecuadorian bag loaded with rugs and wall-hangings. A very tempting place that I visited 4-times just to give you an indication of how much FUN I had there.
We’ll have to see how our retail season goes and if I can break away for a couple of weeks, I’ll travel back to Ecuador for two weeks in April.  Ray is a splendid character and makes one feel that “our casa is your casa” during your stay. He has that manner that invites and excites and I feel he is a huge plus to your organization. Everyone really likes Ray and I miss him already and his lighthearted banter and genuine care.

Next trip I’ll bring lots of ones and fives. Even twenties were a drag. Imagine! At home a $100.00 bill goes direct to pay one bill alone or one “small” grocery shopping without blinking an eye.

This guest is not alone in praising Ray. Meson has also become a  central meetng place for the gringo community in Cotacachi. Ray organized a Christmas party and this Cotacachi resident who emigrated from Michigan wrote:

Hi, Gary and Merri.  Just a quick note to say thank you for the great Christmas Party for Gringos at El Meson!  It was a lot of fun and we were amazed at how few of the people we actually had met.  Of course we solved that by making sure we met everyone there and invited them to visit us when out our way.  We wish you a very blessed Christmas and a fabulous 2009!  Looking forward to seeing you soon, Love.

Ray seems to help guests in so many ways:

Hi Merri  Returned from Cotacachi last Thurs after a great trip.  The woman that traveled with me wants to return this summer – she could not believe how nice the area is and the friendliness of the people.  I saw my apartment and am very happy with the bed and bedding that you added.  Thank you.  Ray Manna is a super nice person and very friendly and accomodating with the guests – a real plus.  Brought over 200lbs of clothing, school supplies, medical supplies and gifts for the children and nursing home.  Everything was donated – a very warm experience and shared joy.  I wish you and Gary a Merry Christmas – hope to see you in Ecuador in the Spring.  Hugs and love

From shopping to checking out and arranging tours. Another guest wrote:

Hi Merri, We are back from Ecuador and in a serious cold spell in Alberta. It is minus 30 C this morning but is beautifully sunny. We have a little snow so at least it feels like Christmas.  I just wanted to say thanks for your guidance in planning our trip. I also wanted to let you know what a terrific job Ray did despite the fact that he was a sick as a dog. His upbeat positive attitude and willingness to help was second to none. He is a real asset to your organization.  We enjoyed our stay at El Meson and found Cotacachi and the surrounding area to be both beautiful and peaceful.  We are already planning our next trip to Ecuador and are dreaming about its warmer days. Best wishes for the holiday season.

Ray and the staff make everyone feel like part of our family…and you are…when you stay with us at Mesons, as this guest noted.

I just wanted to drop you a note and let you know how much myself and all of our “extended family” enjoyed the course that you, Gary, and all of your competent staff put on earlier this month.  I am really just getting my feet back on the ground and I think that we are finally there.  Gary was awesome as we expected and gave me as really a beginning investor many insights and new ideas to think about.  I am speaking for myself and several others.  You showed me that you are an expert planner and really went  out of your way to accommodate  us especially when we had people coming in at different times.   Last and not least was Ray who also handled so much on the fly and did it well.    Ray really helped with the leaving process.  We really enjoyed your hotel and the hospitality.  It was  memorable. Thanks so much and we hope to keep in touch and continue with Gary’s newsletters! Merry Christmas and Happy Holidays.

Ray helps in Cotacachi and elsewhere as this guest noted:

Merri, We have arrived at Palmazul and it is very nice.  I would like to tell you that Tina and I had a wonderful time at Cotacachi.  The staff and service at El Meson could not have been better.  I must tell you that Ray was an excellent host and was attentive to every detail of our stay.  All of the other guests love Ray. I will report back to you after our trip in Palmazul. Best wishes.

Guest also report feeling healthier and often lose weight..even though they eat more as this guest reported:

Hi Merri:  Back home after that long flight and am already ready to return to Cotacachi.  Gary’s e mail this morning about the essential oils and other things to reduce stress.  He left out the most important thing…..Going to Cotacachi, El Meson, meeting new friends, seeing old friends, and seeing all the wonderful smiles of your staff, and  the people of Ecuador.

When I go to Ecuador, after the first day, I take no medicine, eat healthy food, get lots of exercise, and just feel wonderful.  Since I have been home..ort on my travels home, I have had a who knows what hamburger, bag of fritos, diet cokes, processed cheese and other just total crap, and I bet I have gained back those four pounds I lost in Cotacachi…in just two days.

Guest really feel healthier and enjoy our philosophy of health at the hotel.

Dear Merri and Gary, How wonderful an experience we had with you…and how much respect we have for you both.   Thank you for the extraordinary services you are offering in these times to so many.   It is rare that we feel as aligned with people as we do with you on so many fronts at once – investments, political opinions, commitment to the indigenous, ‘being healthy,’ commitment to organics/biodynamics and a religion of being kind.   Wow.  With Appreciation.

A stay at Meson seems to be food for the body and the soul as this reader reports:

My Dearest Merri and Gary,  I cannot thank you both enough for your wonderful hospitality.  I just want you to know that everything I read about Ecuador from your news letters and emails was exactly the way you described it and better…………..

The day we were all returning to Quito to go our different ways at the end of the tour, I was overwhelmed with tears because you both had been so wonderful and I didn’t want it to end.  I was already missing you and the wonderful experience I had had during your Ecuador Tour Adventure……..You both are very special and I am honored to be a part of your Group.

I also want you to know that………

I fell in Love while I was there……………..I  fell  in  Love.

I fell in love with the Country, the People, the Mountains, the Sky’s, the Thousands of stars at night, the Flowers,the Rivers, the Ocean, the Villages, the Towns, The Taxi drivers who were so helpful and wanted to speak English and practiced on me……….The Ecuadorian people who seemed to have this overall feeling of Happiness and well being that was contagious where ever we went.  From the Bus driver who stood at the door of our bus and helped each and every member of our group, everyday, get in and out of the bus. He was always smiling and happy to help.  To the Indian women, who were washing the Family’s clothes on flat stones in the River.  They looked up from their work, as our bus passed by, waving to some of us staring in disbelief………….I waved back, with tears in my eyes. They smiled at me as if to say… all is well and you are welcome……

Everywhere we went I felt as though I was surrounded by smiling faces.  Just walking out of the Hotel in Cotacache, the Native Indians of the area were dressed in their Native costume, except it wasn’t a costume, it was their way of life……….Immaculate, clean clothes, beautifully embroidered blouses with wonderful long wool skirts, colorful sashes around their waists, carrying small children wrapped in beautiful fabric on their backs.  I was in awe………. I was feeling as though I was in a time machine that was set for the mid 1850’s.  I had indeed traveled back in time and landed in Ecuador…………….The air was clean, the water was fresh, the food was healthy and delicious…………..I kept thinking, Where am I?  Is it possible?  Am I dreaming?  Is it real?

After being there for a couple of days, and easing into the relaxed, tranquil, lifestyle.  I began to notice the little nuisances of the Indigenous people I was surrounded by.

Every morning, wherever I went, I was always greeted with Buenos Dias ( good morning).  It was so peasant and  so comfortable so nice.  I  forgot about where I had come from, and my only concern was finding out everything I could about this beautiful Gentle Country of Beautiful gentle people.

Everyday was a unique Visual Experience for me.
I remember waking up to the Church bell ringing at 6am and looking out the window and seeing the mothers walking their children to the school.  All cleaned up with fresh clothes, their native costumes, and smiles.  Walking along the  hand made stone sidewalks, skirts swaying as they walked, lightly brushing the sidewalk as they made their way to the school.  Just watching them gave me a feeling of well being, and a knowing sense that all is well.   No plastic, no tensil, no cartoon characters acting like humans.  It was real,
real people, real feelings, real emotions experiencing their version of life on Planet Earth…

There were many times I was overwhelmed with emotions of humility and feelings of being honored and grateful to have had the opportunity to experience this unique Gift in those present moments.   A Gift that you, Gary and Marri, have made available to a select few. You and Ecuador have changed my life and my thinking.  Thank you, I am so grateful.

See more about Ecuador charity in an excerpt from Ecuador Living

We invite you to join us in Ecuador this year.

Gary

Our January courses are almost full but we have plenty space in February and beyond.

Join us at a course in Cotacachi or on Ecuador’s coast this winter.

Jan. 16-21 Ecuador Spanish Course

Jan. 22-23 Imbabura Real Estate Tour

See condos like this in Cotacachi for $46,500.

Ecuador-real-estate-advertising

Jan. 24-27 Coastal Real Estate Tour

See Manta condos like this one. Delegates are inspecting the 1,000+ square foot patio.

Manta-Condo

The patio has this view.

Feb. 9-11 Beyond Logic-Shamanic Mingo

Feb. 13-15 International Business & Investing Made EZ

Feb. 16-17 Imbabura Real Estate Tour

March 8-9 Imbabura Real Estate Tour

March 10-15 Ecuador Export Expedition

March 16-19 Coastal Real Estate Tour

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one$1,799 for two

Here is our Ecuador tour schedule for the balance of 2009.

Date                    Course                      Couples Fee

May 21-26  Ecuador Spanish Course         ($999)
May 27-28  Imbabura Real Estate Tour      ($749)

June 12-15  Shamanic Mingo Tour             ($999)
June 16-17  Imbabura Real Estate Tour      ($749)
June 18-21  Coastal Real Estate Tour         ($749)

July 2-7       Ecuador Import Export Expedition ($1,499)
July 8-9       Imbabura Real Estate Tour     ($749)
July 10-13   Coastal Real Estate Tour        ($749)

Sept. 17-22  Ecuador Spanish Course        ($999)
Sept. 23-24  Imbabura Real Estate Tour     ($749)
Sept. 25-28  Coastal Real Estate Tour        ($749)

Oct. 21-26   Ecuador Import Export Expedition ($1,499)

Nov. 6-8       International Investing and Business Made EZ Ecuador ($999)
Nov. 9-10     Imbabura Real Estate Tour          ($749)
Nov. 11-14   Coastal Real Estate Tour            ($749)

Attend any two Ecuador courses or tours in a calendar month…$949 for one$1,349 for two

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one$1,799 for two

Better still join us all year in Ecuador! See our entire schedule of 27 courses, tours, mingos and expeditions we’ll conduct in 2009 and how to attend them FREE.

The course fee includes meeting at Quito airport (day before the
course)…transportation (by group bus) to Cotacachi and back to Quito.
Course fee does not include air are. accommodations, food or individual transportation.

Multi Currency Investing Primer Chpt. 1


Multi  currency investing  and diversification are vital now as a recent message about the potential 2011 economic crisis points out.

Global economic problems have led to many rumors about Ecuador’s financial health.

Regretfully these econmic woes go way beyond Ecuador.  The financial crisis and fundamental financial problems are global.

The 2008 multi currency downturn changed everything.

A 2011 crisis will make events even worse which is why I am updating a course on multi currency investing for my multi currency portfolio subscribers.

Here is an excerpt from lesson one that was sent to multi curre3cny subscribers  today.

* WHAT TO DO NOW: Be a multi currency Investor. This course updates through the year 2012 why all of us are multi currency spenders and should be multi currency investors now. See below.

* MULTI CURRENCY INVESTING SAFETY: Learn who can really protect your wealth. This primer explains important lesson about politics and currencies.

* EZ PROFIT: Increase Earnings Through Leverage.  Diversify in the right currencies first for safety. When you do, your money can gain extra growth.  At times it makes sense to leverage your potential when you borrow low and deposit high.  See why here.

Imagine the room-walnut paneled with carpeting that is deep blue, rich and plush. The table of polished oak is heavy and important, as are the men that sit around it. Tension hangs, thick. A soft hum, steady and calm, perhaps from a heating fan, goes unnoticed in the deathly silence. These men are powerful, but now they are afraid. The fear shows. They fidget, squirm, their faces tight with the tension. Many of them go pale when the man at the head of the table finally speaks. “Gentlemen, the nation is closer to a monetary collapse than we would like to believe.”

This scene sounds like one we would see in a tense melodrama at the movies. Even worse we could imagine that this was real.

Regretfully the statement came from a melodrama that was (and remains) all too real. This scene is not based on fiction but actually took place in the United States of America at the headquarters of one of the most powerful financial institutions in the world, The Federal Reserve Bank. The man speaking was the chairman of the Federal Reserve, Alan Greenspan. The statement that the United States is closer to a monetary collapse than we would like to believe, is his and regretfully was then and is still now very, very real.

To make matters most unfortunate, this meeting did not just happen. The statement was made by Mr. Greenspan just after Black Friday, October 1987 when the U.S. stock market crashed.

At that time, Federal Reserve policy makers met and grimly speculated that a run on the dollar might trigger renewed chaos or that consumer confidence might cause a recession. Despite their reassuring public pronouncements, they confessed privately to an inability to foresee the economy’s future with any certainty. Greenspan underscored the seriousness of the situation saying at one point, “The nation is closer to a monetary collapse than we would like to believe.” So great was his concern that the meeting was kept secret, and this information was only revealed more than a decade later.

What is worse, that secret meeting was instrumental in starting a wave of global government interference in financial markets that has continued to this day. This interference dammed the normal waves of world currency and stock market.  This interference created, like a huge dam, a lake of apparent economic calm that masked the turmoil of true currents beneath the placid surface.

The interference has continued and grown into an international  affair, holding back corrections, again and again, until finally in 2008 the dam of global government interference burst.

That secret meeting and the economic rupture 20 years later can be good news for you!  This course explains why the rapids of global economic and currency correction that we are navigating now can help you enhance your wealth.

If you use the 1987 meeting and the 2008 global economic correction as warnings about the enormous currency dangers that exist right now, then that 1987 meeting will have been of great benefit to you. That warning and the lessons in this course can bring you increased safety and immense financial rewards.

My name is Gary Scott. I have been  investing and doing business and  writing about it  for nearly 41 years (I began May 1968).

Since 1971, I have known about and taken advantage of the currency risks created by the public servants who handle government finances.  As was the case with that meeting in 1987, the public is often intentionally misled and kept in the dark for fear that truth will create a negative political consequence.  This course tries to shed as much light on that darkness as it can.

Reading about that secret 1987 meeting had a profound impact on me. We, as investors all over the world, were misled about dangers that could dramatically affect our wealth! This gave me  two realizations that led to two important and urgent facts of investing.

The first realization was that my belief that the U.S. dollar and U.S. monetary system were at extreme risk and had been for nearly a decade was absolutely correct. The global currency system was being held together with little more than a confidence trick. It was clear to see that this system would eventually crash.

The second fact I learned was that we, as investors, will not be forewarned by the government or the large financial institutions. We are on our own.  We must look beyond what our political and major financial institutions tell us. The political system, big banks and brokers have too much at stake. They all fear that the truth about the world’s currency system will create a self-prophesy of doom….as it did in 2008…bringing down some of the largest financial institutions in the world.

The two realizations  led me to create this course nearly 15 years ago. The 2008 crash has led to this update.

Our currency problem is global. The dollar, though under incredible pressure, remains the reserve currency of the world. What will happen when the dollar collapses further?  What will happen to other currencies when the reserves (in dollars) of thousands of non U.S. governments/banks collapse?

This led me to see the urgent importance that exists for global currency diversification and this course will look at ways to diversify now.

Knowledge You Can Use

This course will give you an indepth understanding of currencies, but also will give you many contacts that can further your knowledge. Contacts that you can easily use!

The course format gives information to you in four different ways:

#1: Educational Text
#2: Case Studies
#3: Glossaries
#4: Contacts.

The Contact Section gives you a way to expand the knowledge you gain from the course and allows you to customize what you learn to meet your own particular needs.

In the Contact Section we introduce ways to actually invest in overseas currencies.

The investments and contacts provided in the contacts sections are not recommendations. These are shown for your review and investigation with your financial adviser.   Our goal in including them is to give you a variety of contacts so you can continue learning directly from contacts that may help you put your knowledge to use.

If you plan to do business with any of these contacts you should exercise normal care and caution.    Take the same precautions you would before choosing to do business with any firm. Check and make sure that any firm you do business with is reliable and can provide the services you need with fees that you find acceptable.

2008 taught us that there are no firms we can trust without careful investigation.

Where to Diversify and How Much

One of the main questions to answer when developing a multi currency portfolio for your needs is what percentage of the portfolio should be in cash, in bonds, in equities, in real estate and in commodities.

We’ll use Jyske Bank as our guide through this course so let’ see how they do it.

The three Jyske main portfolio breakdowns are:

Low Risk Multi Currency Portfolio: This s diverisifed Fixed Income 70%,  Equities 20%,  Alternatives 5%,  Cash 5%.

Medium Risk Multi Currency Portfolio: Fixed Income, 40%,  Equities 50%,  Alternatives 5%, Cash 5%.

High Risk Multi Currency Portfolio: Fixed Income  10%, Equities 80%,  Alternatives 5%,  Cash 5%.

So part of the difference between low and high risk is how much cash…stocks and bonds are held in a portfolio.  This is only one aspect of safety, but is an imporant one so here we begin by earnng more about how to hold multi currencies in cash.

In this first contacts section, we look at multi currency ETFs as a way to diversify in cash oriented multi currency investments. Multi currency ETFs  are among the easiest and safest ways to diversify in currencies abroad.

Multi currency ETFs  let investors choose which currencies to hold. They allow complete flexibility getting in and out. These shares also offer a high degree of safety.

In previous years the easiest way to hold cash was to simply open multi currency savings accounts in overseas banks or to invest in multi currency certificates of deposit.

Over the years, global banking regulations have become more complex and more expensive for banks to comply with.  This has forced banks to restrict accounts, raise fees and minimum accounts sizes…making this option difficult or impractical except for larger investors.

Currency ETFs have filled this void.

ETFs are exchange-traded funds. These mutual fund type stocks trade on stock exchanges like a normal stock.

An ETF holds assets such as stocks, bonds or currency deposits. ETFs Are meant to track, rather than beat, their Bellwether  so they trade at about the net asset value of the underlying assets held.

Some ETFs for example track a stock or bond index, such as the Dow Jones Industrial Average.  A Dow Industrial ETF will not try to do better than the Dow. The ETFs role is to equal the movement of the Dow.   A Dow ETF would hold essentially the same shares in the same weighting as the Dow Industrial Index.

The manager of a managed Dow fund would try to do better than the Dow. An ETF anager is simply trying to get the fund’s performance to emulate the Dow.

ETFs are attractive and easy to use as investments because they have low costs, tax efficiency, and stock-like features.

ETFs costs are the brokerage fee to buy and sell them and a management fee.

Each buy and sell is subject to a brokerage commission depending on the broker.

Large investments pay a lower percentage then small.  Investors should compare brokerage firms to see which has the best fee arrangement for the type of investing planned.

Most ETFs also have a low expense ratio. Most charge between 0.1% to 1%.
ETFs are considered no-load investments.

ETFs are also tax efficient.   Investors sell ETFs on the stock market, as they would a stock, so usually realize capital gains when they sell.

Currency exchange-traded funds (ETFs) are quite new and make it simpler to invest in multi currency cash.

Currency ETFs allow even small investors to diversify in multi currencies.

This is a great benefit.  The ETF stock-like feature means that investors can carry out the same types of trade on cash investments as they can with stock investments.   ETFs can be sold short, with limit or stop-loss orders,  bought on margin and invested with as much or as little money as desired.  There is no minimum investment.

Currency ETFs  allow investors to invest in euro, the British pound, the Canadian dollar, the Japanese yen, the Swiss franc, the Australian dollar and more as shown below.

You can receive the balance of this lesson plus much more as a multi currency investing course subscriber. See why here.

Gary

Join us at a course about multi currecny investing or Ecuador livng in Cotacachi or on Ecuador’s coast this winter.

Jan. 16-21 Ecuador Spanish Course

Jan. 22-23 Imbabura Real Estate Tour

See condos like this in Cotacachi for $46,500.

Ecuador-real-estate-advertising

Jan. 24-27 Coastal Real Estate Tour

See Manta condos like this one. Delegates are inspecting the 1,000+ square foot patio.

Manta-Condo

The patio has this view.

Feb. 9-11 Beyond Logic-Shamanic Mingo

Feb. 13-15 International Business & Investing Made EZ

Feb. 16-17 Imbabura Real Estate Tour

March 8-9 Imbabura Real Estate Tour

March 10-15 Ecuador Export Expedition

March 16-19 Coastal Real Estate Tour

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one$1,799 for two

Here is our Ecuador tour schedule for the balance of 2009.

Date                    Course                      Couples Fee

May 21-26  Ecuador Spanish Course         ($999)
May 27-28  Imbabura Real Estate Tour      ($749)

June 12-15  Shamanic Mingo Tour             ($999)
June 16-17  Imbabura Real Estate Tour      ($749)
June 18-21  Coastal Real Estate Tour         ($749)

July 2-7       Ecuador Import Export Expedition ($1,499)
July 8-9       Imbabura Real Estate Tour     ($749)
July 10-13   Coastal Real Estate Tour        ($749)

Sept. 17-22  Ecuador Spanish Course        ($999)
Sept. 23-24  Imbabura Real Estate Tour     ($749)
Sept. 25-28  Coastal Real Estate Tour        ($749)

Oct. 21-26   Ecuador Import Export Expedition ($1,499)

Nov. 6-8       International Investing and Business Made EZ Ecuador ($999)
Nov. 9-10     Imbabura Real Estate Tour          ($749)
Nov. 11-14   Coastal Real Estate Tour            ($749)

You should normally plan to arrive in Quito two
days before the course.  We will pick you up at the airport, help you
to your hotel in Quito and bring the group to Cotacachi by coach.

For coastal tours we travel as a group from Quito
to Manta by air, then tour the coast for two and a half days returning
to Quito on the evening of the third day.

Attend any two Ecuador courses or tours in a calendar month…$949 for one$1,349 for two

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one$1,799 for two

Better still join us all year in Ecuador! See our entire schedule of 27 courses, tours, mingos and expeditions we’ll conduct in 2009.

The course fee includes meeting at Quito airport (day before the
course)…transportation (by group bus) to Cotacachi and back to Quito.
Course fee does not include air are. accommodations, food or individual transportation.

Ecuador Beach Condo Surprise


Here is an Ecuador beach condo development where a number of single women expats call home.

One of the best ways to beat inflation is to live in low costs areas like the coast around Bahia Ecuador.

Here’s an update on this area beginning south of Bahia starting at San Clemente.

Ecuador Beach-Apartment

Beach at San Clemente.

The map below shows why San Clemente (marked with A), which is just a bit south of Bahia, was the first place on the coast where I bought Ecuador beach real estate.

ecuador map

San Clemente is a small village almost equidistant to the two airport access points on Ecuador’s coast, Manta and Bahia, plus it is on the coastal highway just before it veers inland behind a strip of low lying hills.

Bahia Hotel

These hills run along the coast from San Clemente to Bahia and further north separating the highway from the beach, discouraging over development and encouraging quiet hidden beach opportunities.

In addition San Clemente is almost equidistant to Quito and Guayaquil, the two largest population centers, and is accessed by major roads also shown on this map.  This creates holiday opportunity for the big city folk.

San Clemente is itself a tiny… dusty village so the attraction here is peace and quiet.  This is what Merri and I love.

However, those who want to live in a lively town will do better living just a bit further north in or closer to Bahia.

san-clemente-manabi

Our Ecuador beach penthouse is at Vistazul. This community is nicely protected by those hills.

visatzul

Vistazul is right on the beach and protected by these low lying Manabi hills behind.

Here is the view from our penthouse so you can see…

coastal view

why we love it there.

Now Vistazul is about to get even better.

The developer of this project, Kjetil Haugan, recently sent me this note.

Gary,   This email is to inform you that we will close the hotel from next week on and until late June for renovation.   We will change the location of the kitchen, increase the capacity of the restaurant, redo the swimming pool (partly infinity pool), put A/C in all rooms, put in new beds and mosquito nets, fix all the sliding doors/windows, put in concrete walls around the hotel, fix the gardens, make more family suites, paint the hotel and change and redo everything from the dining tables, to the outdoor furniture.  Most of this will be done during these 6 to 7 weeks but the rooms will be done throughout the year.

We will also start to sell club memberships to local people with a point system plus offer this to the ex pats living in Cuenca.

We are adding new administrators at the hotel; Edwin and his Canadian wife, Cris. They used to run our yacht operation in the Galapagos. She will also help out at Vistazul being the contact person for the residents and helping out with decoration, purchase of furniture and rental management.

So hopefully you will have time to come down to San Clemente later this year to discover the new Palmazul!

Vistazul is also doing well right now. The electricity work, water plant and gardening should all be ready by the end of May. Then I will help the residents start to form the HOA. I have also contracted all the doors/windows so the remaining units will be completed within 4 to 6 months depending on the workers.

I had a lot of interest in the one level units and we continue to offer finance. Regards, Kjetil

ecuador-beach-condos

See more details on these condos here

For answers to specific questions contact, Kjetil Haugan, at kjetil@haugancruises.com

This is an exciting evolution for the small community and remains a great bargain… the $79,000 price includes club membership which includes use of all the improved facilities.

Back in 2007, my friend, Kjetil Haugan, sent me a note that he was building this hotel and would have his the new year celebration there.

When I saw the construction pictures… I wondered.  A lot of work seemed undone.

This was the hotel in November 2007.

ecuador-beach-condos

and the pool at the hotel.

ecuador-beach-condos

Yet Kjetil did have the hotel open for the 2008 New Year celebration.

When we visited in early January 2008,  the hotel looked like this.

ecuador-beach-condos

Kjetil then told me that the hotel was also designed as the clubhouse for 60 + condos he would build on this land behind the hotel.

ecuador-beach-condos

I knew the land..  I knew Kjetil.  I was impressed and bought the first five condos myself.  Kjetil said that he would have the first units finished by the end of the year.

True to his word, Kjetil kept to his timing and despite the recession of 2008 has completed and sold out this development.

Ecuador beach real estate is still inexpensive but prices have been rising. Those condos began at $79,000 but prices have risen over the last year to:

I personally have a unit here  in the Vistazul complex so this is my front yard.

international-club-coast-view

Here are the first condos which originally went on sale at $79,000.

Ecuador-beach-condos

They are 1,200 square feet, two and a half bathroom, two bedroom units, on two floors and a roof terrace.

Ecuador-beach-condos

Here is a group of our delegates inspecting the roof terrace.

Ecuador-beach-condos

Here is the sunset view from the beach in front of these units.

ecaudor-sunset

They are one minute’s amble to the club house restaurant, where you can dine.

ecuador-coastal-tour-beach-dining

The seafood comes fresh from these fishermen who leave from the beach in front of the clubhouse each day.

ecuador-coastal-tour-fishermen

Kjetil Haugan, a Norwegian who moved to Ecuador after being the administrator of Atlanta’s Olympic Village, became a prominent businessman, owning the largest Spanish school in the country along with several Galapagos cruise ships.

Kjetil and his wife Jessica built Palmazul Hotel which is also the clubhouse for these condos.

The owners of the condos  enjoy Palmazul as their community center…all the hotel facilities are available to home owners.  This provides living on the beach with tennis court, pool, beach, fine dining, exercise room and all.

ecuador-coastal-tour-tennis

Here is a shot taken from one of the Vistazul condo rooftops.

ecuador-coastal-tour-terrace

Until next message, good Ecuador living!

I always recommend that you look and then rent before you buy.

Gary

Financial Experience, Skill and


Financial common sense is important no matter how much financial skill and financial experience one has.

This is one reason I enjoy working with Jyske Bank.  They apply great doses of common sense.

When the sub prime loan scandal shook the global financial industry Jyske had very little exposure.

When  New York financier Bernard Madoff  generated a fraud of $50bn, I was surprised to see how many major banks and investment managers were duped for billions!   How can  experienced, supposedly skilled investors and money majors, do something so dumb.

I knew that Jyske Bank would be better than this…but I  had to ask Jyske if they had invested with Madoff.

Here is their reply.

“We did not have any exposure however some of the other big banks did (Danske bank and Nordea) also a big Danish pension company.

When someone can make 10-15 percent every year without a losing year it
should raise some questions! I always say if it is to good to be true ..it is!

This is why my confidence in Jyske as the main bank that protects my wealth has grown over the past two decades.

Those who were ripped off were not yokels. Look at this list of institutions that internet news says  lost a billion dollars or more.  I am excluding a host of banks and huge investors who lost hundreds of millions.  These firms should have known better.

Spain’s Banco Santander, which owns Abbey and Alliance and Leicester, said its hedge fund unit invested nearly 4 Billion of client funds with Bernard Madoff.

Fairfield Greenwich Group  invested $7.5 Billion.

GMAC chairman Jacob Ezra Merkin’s Ascot Partners  invested most of its $1.8 Billion.

HSBC is reported by the Financial Times to have a potential exposure of about One Billion dollas.

Kingate Management Ltd  invested $3.5 Billion dollars.

Again and again I have observed Jyske sidestepping financial debacles while their competitors lose through the smple lack of  finacial common sense.

My hat is off to the management of Jyske Bank for avoiding Madoff.   Often the pressures of competition lure investment maagers and banks toward great deals that seem too good to be true.  Jyske was not sucked in…beause of their good common sense.

Gary

Join us at a course in Cotacachi or on Ecuador’s coast this winter.

Jyske Gobal Asset Management will join us Feb. 13-15 for our course International Business & Investing Made EZ

Join us and then stay on for a real estate tour Here is our latest group inspecting the hotel,which is one block from the Ecuador’s Pacific.

ecuador-real-estate-risk

We’ll view this hotel if it has not sold. It has a huge front porch.

ecuador-real-estate-risk

Large second floor veranda with ocean views.

ecuador-real-estate-risk

Beautiful flowered front yard.

ecuador-real-estate-risk

The building is really rough and needs work…but over 8,000 square feet of building. The asking price is $60,000.

We have sent our Ecuador Living paid subscribers more details on this building on this Ecuador hotel for sale. If you subscribe, you can have this report. See how to subscribe to Ecuador Living here.

Join us for our next Spanish course ad real estate tours.

Join us at a course in Cotacachi or on Ecuador’s coast this winter.

Jan. 16-21 Ecuador Spanish Course
Jan. 22-23 Imbabura Real Estate Tour
Jan. 24-27 Coastal Real Estate Tour

Feb. 13-15 International Business & Investing Made EZ
Feb. 16-17 Imbabura Real Estate Tour

March 8-9 Imbabura Real Estate Tour
March 10-15 Ecuador Export Expedition
March 16-19 Coastal Real Estate Tour

Attend any two Ecuador courses or tours in a calendar month…$949 for one$1,349 for two

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one$1,799 for two

Better still join us all year in Ecuador! See our entire schedule of 27 courses, tours, mingos and expeditions we’ll conduct in 2009 and how to attend as many of them as you like FREE.

The course fee includes meeting at Quito airport (day before the
course)…transportation (by group bus) to Cotacachi and back to Quito.
Course fee does not include air are. accommodations, food or individual transportation.