Tag Archive | "Ecuador’s coast"

Ecuador Bond Default


Today, December 15, 2009, we’ll know for sure if Ecuador has defaulted on some of its bonds. Ecuador’s President Rafael Correa threatened to do this once before…and did not.

This time I believe he will.

This will be good…for many…because despite the default, Ecuador’s sun will not go away.

Ecuador-bond-default

Nor will the beauty of Ecuador’s mountains like this one we climbed.

Ecuador-bond-default

Nor will it stop the smiles of Ecuador’s happy people like these potato farmers we met on the hike.

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Nor will the hard working energy of the crafts people in town like Otavalo (shown here) cease.

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Nor the richness of the land like this Intag forest go away.

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Nor will the wonder of the longevity valleys like this Intag plain end.Ecuador-bond-default

Ecuador’s bond default may create profits in two ways….one in the global bond market. The other gain will be in Ecuador.

Many readers have sent me a link to last week’s Bloomberg December 12, 2009 article by Stephan Kueffner which says:

Correa Defaults on Ecuador Bonds, Seeks Restructuring.  Ecuadorean President Rafael Correa halted payment on foreign bonds he calls “illegal” and “illegitimate,” putting the South American country in default for a second time in a decade.

The government won’t make a $30.6 million interest payment by Dec. 15, when a month long grace period expires, Correa told reporters in his office in Guayaquil. The $510 million bonds due in 2012 plunged to 23 cents on the dollar from 31 yesterday and 97.5 cents three months ago.

“I have given the order that interest payments not be made,” Correa said. “The country is in default.”

Though Ecuador is a small country, the size of France, with about 11 million people, its bond default may slow the recovery of the bond market during this global economic downturn.

Latin Bonds already have strong yields.  Look at the high yields on medium term denominated in US euro and US dollars!

Currency   Bond                Country             Yield

EUR     8.5  24/09/2012     BRAZIL             7.49%

EUR     7.375 03/02/2015   BRAZIL            8.38%

EUR     11.5   31/05/2011   COLOMBIA      8.17%

EUR     5.375 10/06/2013   MEXICO           7.28%

EUR         7.5  14/10/2014  PERU               9.02%

USD        10.25 17/06/2013 BRAZIL           6.24%

USD     8.25 22/12/2014      COLOMBIA     7.42%

USD     9.875  06/02/2015    PERU             7.57%

Ecuador owes about $10 billion to bondholders, multilateral lenders and other countries…not a lot by global standards…but  Ecuador’s bond default could cause a ripple down in Latin bonds and create even higher yields.  If so, I’ll buy some today.

The bonds and yields above are from Jyske Bank’s bond list of last Friday. These are indications not recommendations.    You can get up-to-date bond information from:

US investors at Jyske Global Asset Management.  Contact Thomas Fischer at fischer@jgam.com

Non US Investors at Jyske Bank. Contact  Rene Mathys at mathys@jbpb.dk

The next opportunity is in Ecuador. Many readers have asked questions like:

Ecuador is defaulting on its bonds. Any problems because of this? Is this good or bad?

This is a question much like, “Is the US federal $800 billion bail out, good or bad?”

The answer is yes and no.

First, remember that Ecuador defaulted on bonds once before in 1999.   Everything fell apart. Bank’s shut down. The country ran out of gas.  Times were terrible.

The country remained a great place to live. The cost of living collapsed. Help was easy to get. You could buy real estate for a song. So the answer to “Is this good or bad?” depends on who you are, how much money you have and where it is invested.

The Bloomberg article points out that Correa says of the default:

“I couldn’t allow the continued payment of a debt that by all measures is immoral and illegitimate,” Correa said. “It is now time to bring in justice and dignity.”

A debt commission Correa formed last year said in a 172 page report in November that the global bonds due in 2012 and 2030 “show serious signs of illegality,” including issuance without proper government authorization. Correa invoked the 30- day grace period on the interest payment last month, saying he wanted to analyze the commission’s findings.

Correa, 45, said the government will present a restructuring proposal in coming days. “We want creditors to recoup part of their money,” he said.

Personally I think this is true, but is the wrong approach.  I have long been a defender of Correa.  He is much like Barrack Obama, young, smart, energetic, from a poor background, who worked his way to the top with a mandate made possible by minorities….based on promises that probably cannot be kept.

He is trying to make improvements..but can he?

Obama cannot change the previous American debt and some of that US debt, in my opinion, is as immoral and illegitimate as can be.  If previous Ecuadorian politicians broke the law and created incorrect loans…Correa and the people of Ecuador should punish them.  They should recoup what they can from those people…but to punish lenders will simply stop lenders from lending to Ecuador.   This will hurt the nation, long term, as a whole.

The Bloomberg article goes on to say:

“Ecuador is moving further into isolation,” said Vicente Albornoz, head of the Cordes research institute in Quito. “The hardliners in the government won.”

“Ecuador is a serial defaulter,” said Arturo Porzecanski, an international finance professor at American University in Washington. “They defaulted in the 1980s, 1990s and this decade. A lot of other countries have had one or two defaults, but Ecuador tops them all.”

Correa, who holds a doctorate in economics from the University of Illinois at Urbana-Champaign, has said he will not sacrifice spending on health and education to pay the debt. Ecuador’s foreign obligations are equal to 21 percent of its $44 billion gross domestic product. Argentina’s debt, by comparison, was equivalent to 150 percent of its GDP when it defaulted in 2001, according to Goldman Sachs Group Inc.

Oil, which has plunged 67 percent since July amid the global financial crisis, accounts for about 60 percent of Ecuador’s exports. Finance Minister, Maria Elsa Viteri, said on Nov. 18 the country’s fiscal accounts remain “strong and healthy.” Ecuador had $5.65 billion in cash reserves as of Dec. 5, according to the Central Bank.

The default was triggered by the combination of the decline in oil with “a ridiculous ideology,” said Claudio Loser, the former director of the International Monetary fund’s Western Hemisphere department, who now is a scholar at the Inter- American Dialogue. “The financial need wasn’t so great that it was forced to declare a default,” Loser said.

The South American country has defaulted six times since it separated from Gran Colombia in 1830, according to “Debt Defaults and Lessons from a Decade of Crises,” a book published in 2007 by Federico Sturzenegger and Jeromin Zettelmeyer.

“It’s a final blow to external investors, and particularly any energy investors that may have retained interest or had future plans to attempt an investment in Ecuador,” said Enrique Alvarez, head of Latin America fixed-income research at IDEAglobal Inc. in New York.

I believe this default will hurt Ecuador’s overall economy…and help expats who live and invest there in small ways. When economic conditions drop, prices become lower. Labor is easier to find. Everyone is more willing to serve and work hard…if you have money.

Merri and I were living in Ecuador when the sucre collapsed falling from 3,000 sucres per dollar to 24,000 sucres per dollar. This roller coaster reduced the cost of food, clothing, shelter, staff, everything local. Wages were down. Bargains were everywhere!

Merri and I were loved because we stayed. We spent. We provided jobs.

Life can actually be better in hard times…especially if you have your income and investments OUT of the depressed country.

There is a caveat. If conditions deteriorate too far, law and order can break down.  Short term this will make Ecuador’s life better. They won’t have the loan to repay…but long term, as they become more isolated from the global economy, this will hurt.

Ecuadorians are basically friendly, non violent people so I do not have any great concern about this. This is based on experience. I have lived in places where people were not quite as easy going, like Hong Kong in the 1960s when there were riots and bombing in the streets.

My belief if that Ecuador will remain a great place to be…especially for now.

Gary

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

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.

Ecuador Beach Hotel Savings


Ecuador beach hotel savings just improved at Palmazul Coastal Hotel Spa, one of the newest Ecuador beach hotels.

Palmazul sits directly on Ecuador’s beach and is offering an Ecuador coastal Hometel program so you can have a home away from home on Ecuador’s beach…live in luxury on the Ecuador sea at very low cost for a week, month…or longer at a time.

Palmazul becomes your home for an Ecuadorian coastal adventure on the Pacific.

multi-currency-condo-clubhouse

This is your Ecuador coastal swimming pool and tennis court…really on the beach…overlooking the Ecuadorian sea.

ecuador-beach-condo-tennnis court view

This empty Ecuador beach, is your front yard at this Ecuadorian coastal hotel.

Here are some snapshots of the Palmazul Coastal Hotel and Spa.  We are working with owners Kjetil and Jessica Haugan so you can stay in this new modern spa hotel at an extra low rate of monthly rate of $1,499 (less than half the normal daily rate). ($1,599 for a couple)

Why is this Ecuador beach hotel savings now better?

Merri and I, plus friends, each purchased a large, two room suite with kitchenette on the third floor of the hotel. These units have huge balconies and are so new that the pictures below were taken before the units were furnished.  You can stay in these units (when available) so you have more space then in a normal hotel room.

The sunset is wonderful from these units.

ecuador-beach-hotel

The kitchenette allows you to prepare your own meals.

ecuador-beach-hotel

These are large, two room units with extra balconies off both the living room and king size bedrooms.

ecuador-beach-hotel

The very low, monthly or weekly rent includes a wonderful served breakfast from this dining room overlooking Ecuador’s wonderful Pacific coast.

Dinner here is special too. You visit this Ecuadorian fisherman when he brings in his fresh Pacific catch each day back to the hotel….where you can choose your meal. Few Ecuadorian coastal hotels offer this service.

Wonderful Pacific fish, crabs and shrimp that are huge…like this….cooked at the hotel minutes after they are brought off the boat.

Or stroll into nearby Ecuadorian coastal town of San Clemente where the hotel is located for dinner or lunch as we often do. The many Ecuadorian coastal seafood cafes on or near the beach. like this one…

serve seafood… a full meal, Ceviche, fried, or grilled for $3.50 to $5.50.

A short walk back to Palmazul Coastal Hotel & Spa gives you miles of empty beach.

San Clemente is a charming rustic, coastal village, 45 minutes north of the port city of Manta, almost exactly in the middle of Ecuador ’s coast.  Bahia, Ecuador’s nicest coastal town is 30 minutes north.  Palmazul is perfectly located on a dead end road..enjoying proximity to town yet it is quiet as there is no through traffic. Transportation is also easy and fun…small motorcycles with a seat!

San Clemente is a perfect starting point for exploring Ecuador ’s coast…in the middle so you can reach the north or south of the coast in a day.

Yet in San Clemente, the days are full.  Fish from the jetties, stroll the beach, travel the coast, hike, horse ride, play tennis or just relax around the pool or on the beach.

Of course you can also work. Palmazul offers free wireless broadband for your laptop. Enjoy the peace and quiet of Ecuador ’s coast, but always stay in touch electronically with the rest of the world.

The spa also has a treatment room where you can enjoy a massage.

Your room will have a view and private balcony so your comfort does not end when the sun sets.

As dusk arrives so does the seas breeze…fresh into your room.

Cozy in your bed…

The surf serenades you in a soft night’s sleep…so you’ll be ready for the gentle surf and Pacific waters warmed by Ecuador ’s never ending sun.

To make your reservation, simply choose the order form below.

Gary

Ecuador Coastal Hotels Savings

Reserve here monthly $1,499, Single $1,599 Double

Reserve here weekly  $599 Single $649 Double

See El Meson’s Hometel Cotacachi program at https://www.garyascott.com/catalog/ecuador-hotel-savings

See how to stay at low rates in the mountains and on the sea

Enjoy Ecuador Christmas Roses until December 18.

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.

manta-condo tags

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 26 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.

Cotacachi Condo & House Rentals


Cotacachi condo and house rentals can vary…a lot in price.

During downturns, it is important to conserve cash and we always recommend that our readers visit Ecuador and rent so they can get to know the area before they buy.

Here is an excerpt from our latest Ecuadorliving.com update on how to find good Cotacachi condo and house rentals.

Excerpt from Cotacachi Rental

A recent Ecuador Living message looked how Lee & Peggy Harper rented this Cotacachi country house for $150 a month.

Casa for Steve003
House with a view

Lee found this on his own by asking around in town. There is no such thing as a listing service in Cotacachi, … or not until I start one anyway! Lee entered a pharmacy and got talking to the owner. He let it be known in his very basic Spanish that he was looking for a place to live.

By the way, Lee gained his Spanish basics on one of our Super Thinking – Super Spanish course and the rest he continues to pick up by not being afraid to try and communicate.

The lady in the pharmacy had a cousin with this house. There were a couple of others Lee was looking at but he thought it would be rude to not accept such a great offer at such a cheap price.

Casa for Steve002

This Cotacachi property is some 4 miles outside.  Lee and Peg used the local bus to get to town for 20 cents a day. The bus runs every 45 minutes but the catch to this cheap rental is that the bus is invariably full.

Then Lee and Peg decided to rent in Cotacachi and hit pay direct again.

There are some condos which were being renovated right next to our hotel. (The boarded up building on the left._

Cotacachi condos

Now…they look like this (the yellow building). Lee and Peg were able to rent a condo there for just $150 a month.  Some downsides about this. We’ll get to that in a moment.

Cotacachi-condos

This is a brand-new 1,200-square-foot apartment and their low rent helps them keep their total monthly expenses around $600. This includes food, utilities, medications and doctor’s visits, haircuts and manicures, laundry bills, cigarettes, a couple of cases of beer, and food for their two dogs.

Rent $150
Food $150
Water $6
Electricty $13
Propane $7
Medications $50
Laundry $24
House cleaning $40
Dog Food $40
Misc. $120.

They love Cotacachi, finding the people friendly and enjoy a real sense of belonging to the community.

Cotacachi sits between two stunning volcanoes…Mt. Imabura

Cotacachi-Imbabura

and Mt. Cotacachi.

Cotacachi-Cotacachi

The area is largely dependent on agriculture which means the food is good, abundant and absolutely fresh.

There is no great night life, but after a day mountain sunshine and fresh air the nighttime is for sleeping.

This lifestyle leaves people feeling good!   Lee says:  I haven’t felt this good in so long I can’t remember.  I used to take pain medication, but here I rarely take an aspirin. I don’t pick up a phone or get on the computer. I used to be glued to all that at home.

Not all Cotacachi rentals are so low. The typical condo is renting for $400 to $500 a month.

For example we rent the house below in Cotacachi at $500 a month with access to internet, free phone calls to the US, Europe and Canada, plus a full served breakfast  (all at our hotel a few blocks away).

This is a rustic, but new, casita.

Here is the cozy living view.

Cotacachi-House-Rental-Floorplan

Peaceful, quiet views from the garden deck. Lots of birds singing the the morning.

Cotacachi-adobe- Property-Rental-garden

Deck chairs in the outdoor lounging place…facing the sunrise.

Cotacachi-Adobe-house-Rental-lounge

Outdoor Bar-B-Q just below.

Cotacachi-House-Rental-Bar B Q

Nice kitchen with all hardwood cabinets.

Cotacachi-House-For-rent-with-kitchen

Light and bright.

Cotacachi-Rental-real-estate-kitchen

Dining for six.

Cotacachi-Rental-real estate-dining-room

Open plan with unique handmade furniture from coffee wood.

Ecuadorian botanical art.

Cotacachi-Property-Rental-two-Bedroom

Really comfortable brand new king size bed and lots of hardwood closets.

Cotacachi-Property-Rental-Bedrooms

Plus a second bathroom.

Cotacachi-real estate-Rental-bathrooms

This unit is about seven minutes walk to our hotel El Meson de las Flores. Rent of the house includes free full served breakfast plus free broadband and free phone calls to US, Canada and Europe…all available at the hotel…not in the casita.

I just sent a full report on why the difference between high and low rentals plus four steps to find the low cost rentals to our Ecuador Living subscribers. You can access this report when you subscribe to Ecuador Living.

Until next message may your living anywere always be good!

Gary

Enjoy fresh Ecuador Christmas roses at your home or send as gifts.

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.

manta-condo tags

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 26 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.

Cotacachi Travel Fares


We are very lucky that a current global airfare war has pushed Ecuador airfares down to ridiculous levels.  This makes it very inexpensive getting to our winter 2009 conferences and tours….plus gets all of us out of the winter doldrums!

Cotacachi travel fares can be reduced if you understand how to get to Quito and then how to travel to Cotacachi from Quito.

First airfares to Quito.  We often get requests about how to find the lowest air fares to Ecuador and Cotacachi from Africa, Canada,Europe, and the US.  See some incredible rates from all these destinations

We use www.Kayak.com to check fares and regularly find really low Ecuador air fares as you’ll see below.

For example, the round trip Ecuador airfare, Los Angeles to Quito Ecuador, is $480 including taxes. Lacsa is a Costa Rican airline and that Ecuador air fare is available today.  There are 40 flight Ecuador air fare combinations at that price right now.

Here are other US and Canadian fares form kayak.com.  All are round trip and include all taxes and coordinate with our January classes!

Toronto – Quito Ecuador – $660.  American Airlines

Vancouver BC – Quito Ecuador – $799.  Alaskan Air/Continental

Chicago – Quito Ecuador – $662.  United/Copa

New York – Quito Ecuador – $481. Lacsa

Houston – Quito Ecuador – $774. Lacsa

Dallas – Quito Ecuador – $670. Delta

Miami – Quito Ecuador – $496. LAN

Atlanta – Quito Ecuador – $653. American Airlines

One trick is to look for low fares to gateway airports such as Houston, New York, Atlanta and Miami…then look for a low fare from the gateway.  If you are looking for fares from Europe, Africa or UK, look for the cheap fares in the Sunday newspapers and then double check Kayak.

This does not always work though.  As we saw above, it is less expensive to fly to Quito via Dallas than Houston right now.

Sometimes the Ecuador air fare savings, especially from Africa and Europe can be enormous.

Take Johannesburg, South Africa to Quito as an example.  American Airlines offers the lowest direct fare of about $1800…however, if you take Egypt Air to London then you can save an extra $450 each.

If you know a cheap fare from Johan Airport to Amsterdam, Madrid, or London then go for that…and then continue on direct to Quito.  Fiddling around like this can save thousands!

Or get this one…go non stop on Egypt Air to Madrid…then Madrid AA to Quito. This approach brings the fare down to $925 per person round trip from Africa to Ecuador!  If you can find a cheap flight to Madrid from anywhere in Africa or Europe, then you may be able to save big time!

Keep in mind, there are always more than one way to skin a cat.  Think Creatively!!!

Check local European newpapers for air fare bargains to Madrid, Amsterdam and London from wherever you are.  Then check the fares from these three gateways to Quito.  Compile the fares and as above you can sometimes save in the above cases over  $1,500.

We are not travel agents of course, but we help Ecuador Living subscribers and our course and tour delegates find low cost air fares to Ecuador. We provide subscribers and delegates with an email code so we can sort their request amidst the hundreds of emails that arrive here each day.

As an Ecuador Living subscriber, you can also learn how to travel to Cotacachi from Quito at Cotacachi by Train, Plane and Automobile

And don’t forget we can arrange to meet your flight in Quito!

You can subscribe to Ecuador Living Service here.

Until next message, may every fare in your life be fair!

Gary

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.

manta-condo tags

Feb. 9-11 Beyond Logic-Shamanic Mingo

Feb. 13-15 International Business & Investing Made EZ

Feb. 16-17 Imbabura Real Estate Tour

Here is a long shot of Cotacachi.

Cotacachi-condos

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)

All Cotacachi Tours and Courses are condcuted at our colonial inn, meson de las Flores were we enjoy Breakfast “al fresco”.

Cotacachi hotel El Meson de las Flores

All Coastal tours are conducted on the beach from our coastal home at Hotel Palmazul.

manta real estate in Ecuador tags

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.

Here I am with Merri and Ma at Palmazul’s beach.

Ecuador real estate for sale

Here I am hiking with Ma above Cotacachi.

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

Cotacachi Cathedral at night.

Cotacachi hotel El Meson de las Flores

Shamanic ceremony on mingo tour.

2008-04-13 Ecuador shamans

Enjoying the surf at Palmazul.

Ecuador real estate for sale

Cotacachi plaza.

Cotacachi hotel El Meson de las Flores

Palmazul beach.

Ecuador real estate for sale

Merri, me and Ma above Cotacachi

Gary Scott

Sunset at Palmazul.

Ecuador real estate for sale

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 26 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 Sunday in Manta


Ecuador Sunday’s in Manta can be wonderfully civilized even from your own $49,000 sea view condo…as you will see below.

Manta is Ecuador’s fastest growing city…has been for years.

As an international port there are parts of the town that are rough. FOR EXAMPLE, STAY AWAY FROM THE TUNA FACTORIES IN NORTH MANTA…PHEW!

Yet at its center Manta is quite civilized, everything evolving around the Oro Verde Hotel.

Oro Verdes are great! The first hotel we ever visited in Ecuador was the Oro Verde Guayaquil. I loved it! Though sadly I have been told that Oro Verde Cuenca filled in the beautiful lake that wrapped around it. They turned it into parking.

I guess Big Yellow Taxi’s go there now…remember the lament.

Don’t it always seem to go
That you don’t know what you got till it’s gone
They paved paradise and put up a parkin’ lot

A pity about that in Cuenca…but the Oro Verde Manta is still great….especially on Sunday morns.

manta-condo-for-sale

They have a killer breakfast buffet and the restaurant has wonderful sea views. Yet the Oro Verde Manta is special for Merri and me for another reason…

manta-condo-for-sale

Cinnamon rolls and…

manta-condo-for-sale

croissants.

Merri and I lived in England and Europe for over a decade…spent a lot of time in Switzerland, France, Germany and Italy. We picked up some bad habits…like European bread and for me dark roasted coffee.

We take care with our nutrition, so we limit our access to these potential sins…but on Sunday mornings we allow ourselves to let go! We’ll eat croissants if we can find good ones.

This makes the Oro Verde Manta special because overall bread in Ecuador sucks. I love the food in Cotacachi except the bread. I dare you to find a croissant that a Frenchman would spit on.

The Manta Oro Verde has some of the best croissants, pan au chocolat and cinnamon rolls in the world! We live 40 minutes north in San Clemente and even though we are no longer city folk, we just might drive all the way.

For those who want to be in the city there is an easer solution…buy a condo in Manta. They come in all sizes, shapes, colors and form.

Here is one at the low end we visited on our last coastal real estate tour.

manta-condo-for-sale

This is a few blocks off the beach…but very walkable to the water.

All tile and clean almost to sterility.

manta-condo-for-sale

The sitting-dining area has an ocean view…no balconies though.

manta-condo-for-sale

The bedroom…

manta-condo-for-sale

has a shot of the ocean as well.

manta-condo-for-sale

The kitchen is efficient and compact.

manta-condo-for-sale

as is the washer and dryer.

manta-condo-for-sale

Plus there are plenty of closets.

manta-condo-for-sale

We met the couple who live in the penthouse above…nice people…Americans who work in New York from Manta via broadband.

All in all this is a nice unit, I am guessing about 750 square feet, 1 bedroom, 1 bathroom in a good part of town. The asking price is $49,000…fully furnished…all appliances included.

I have just sent a Manta condo report with more details and broker contacts to our Ecuador Living subscribers. You can find our how to subscribe here.

Until next message, may your Sundays go really well.

Gary

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.

manta-condo tags

Feb. 9-11 Beyond Logic-Shamanic Mingo

Feb. 13-15 International Business & Investing Made EZ

Feb. 16-17 Imbabura Real Estate Tour

Here is a long shot of Cotacachi.

Cotacachi-condos

March 8-9 Imbabura Real Estate Tour

March 10-15 Ecuador Export Expedition

March 16-19 Coastal Real Estate Tour

Better still join us all year in Ecuador! See our entire schedule of 26 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.

Cotacachi Crime


Cotacachi crime appears to be rising.

Let’s put some perspective on this and see why a friendly village like Cotacachi might have increased crime.

I love the dawn….the perspective it brings in its glowing magnificence. The sun always shines. We get another day. So I always try to live in places where I can see the sun rise. There is no better time to reflect…be grateful for the abundance we get from just living…and to prepare for whatever adventure the day may bring. Here is the sunrise from my North Carolina office.

cotacachi-crime-dawn

Of course our apartment on the beach doesn’t have an eastern view. The sunsets compensate for this. Here is a shot we see almost daily when at Vistazul.

cotacachi-crime

Whatever…sunrise…sunset. These are the universal daily statements about reality, abundance and the cycles of life.

So after watching this daybreak from my North Carolina office this morning, I was ready to grab life and the day at its fullest.

Reality check! Our hound and I discovered as we headed to the mail box…

cotacachi-crime

that it was cold! 11 degrees F.

I was getting a sunburn last week in Ecuador last week and now am fighting frost bite!

When the leaves of the rhododendron along the creek curl…one knows that it is just plan freezing cold.

cotacachi-crime

We are heading back as soon as we can where we can enjoy warm, sunny Cotacachi sunrises instead.

These are the sunrise views we see from our apartment in Cotacachi Ecuador. There is no crime in this!

Looking south past the Cathedral.

cotacachi-crime

Looking east over Mt. Imbaura.

cotacachi-crime

Every morning Merri and I take a sunrise stroll though the village beginning here.

cotacachi-crime

We love it. The people are so friendly….

cotacachi-crime

and happy.

cotacachi-crime

We stop on our morning strolls and chat with everyone from the street cleaners who clean up after the frequent festivals….to the Mayor the Priests and the Nuns if they happen to pass by.

Cotacachians are earnest,..

cotacachi-crime

bubbly…

cotacachi-crime

traditional…

cotacachi-crime

and colorful.

cotacachi-crime

All of these scenes were taken in the streets of Cotacachi and we feel safe here. Even the children walk freely early morning and in the dark of night.

cotacachi-crime

Now this confidence has been blemished by Cotacachi crime.

I am keeping this in perspective….but Steve just sent me this note.

Gary, There was a robbery at a farm in an outlying area that is owned by one of our readers. This was a pretty chastening experience for another reader who is renting there. About 10.45pm yesterday he was in his bedroom. His window crashed and four men smashed climbed in. Three more came through the kitchen. One of those three had a pistol and one had a knife. Seeing resistance was futile Shawn let go his club. The dogs outside didn’t bark and were probably drugged.

The renter was tied by wrists and legs and had a curtain thrown over him. The robbers, all masked except one, ransacked the house. They seemed to think he would have a large amount of money there and kept asking for that. He had a knife point put to his throat on various occasions. They took the fridge, freezer, cooker, clothes, shoes, laptop, two cameras, two cell phones, other electrical items, and found $500 cash he had hidden away.

Finally they left except three. Those three conversed with the renter asking him about his family. Told him not to go to police or they would kill him. Told him he should have company on the farm (that’s rich coming from robbers). Finally they untied him. He came to El Meson, shook up by the death threats. We asked some village elders for advice and were told to go to the Fiscalia and police.

We went together and were there for most of the morning. While there the fiscal agent commented that foreigners were being targeted and it could well be the same bandits. I asked about a robbery at a resort in adjoining area where apparently the owner lost $40,000.

I looked at the lists of reported crimes in a lined page book – many crimes since last April – 180 to be precise and many robberies. 2 or 3 cadavers, one murder yesterday (inside an indigenous community).

I am told that quite a few foreigners in town are afraid of what’s happening in the USA and are coming to Cotacachi with large amounts of cash (life savings) and gold ingots. This can create crime in Cotacachi.

I agree with the village elders that it is really the mayor’s duty to obtain more police etc. Two builders nearby at San Miguel are considering putting in private roads with guard(s) in a kiosk(s) to patrol against possible intruders.

We have put in a call to the vice mayor as well.

Mayor Auki has decided to run again and according to close sources he proposes running on a ‘control crime ‘ ticket and will implement many anti crime measures in his 4th term should he be re-elected. Steve”

I hate to see crime like this near Cotacachi….but let’s look at the overall picture.

Crime will grow everywhere in these tougher economic times.

Here in North Carolina we used to always leave all seven of our doors unlocked…even when we left for months at a time.

About this time last year, three of our neighbors, who ran a thriving Christmas tree farm and were known to keep large amounts of cash in their safe at home, were murdered.

In January 2008 a man was indicted on three counts of capital murder for the shooting deaths of our neighbors. Police say the three were shot at their residence when the indicted man was attempting to steal the safe from their garage.

We now lock our doors here in North Carolina, even during the day.

Now we will also take added precautions in Cotacachi to protect against crime there.

Our hotel is pretty safe at night…huge wooden doors are closed and we have a night watchman. We are adding a night time armed guard for a while to make this statement…”its dangerous to be a criminal at our hotel”.

Plus we will stick, on our walks, to the village. These Cotacachi crimes mentioned above took place outside the village of Cotacachi. This current robbery and the other mentioned, occurred in outlying areas that we know to be more dangerous. We warn our readers about going or buying there.

Ecuadorians are by nature not violent people.  Even so a recent Overseas Security Advisory Organization report says:

“Police reports show that in more and more cases, criminals are using some sort of weapon in the commission of their crime.”

Yet like in the US where victims can lose their lives, the report adds:

“Fortunately in the majority of these cases, the weapon is used for intimidation purposes only, with the result being that cooperative victims are seldom injured. Gratuitous violence is generally rare throughout the country, but is becoming more common in the larger cities, especially in Guayaquil.”

This reader who was robbed acted correctly…did not resist and ended up with a talking…not being shot like here in North Carolina.

One huge benefit in using our Ecuador Living service is that we are not brokers or travel agents. We are not trying to earn commissions by selling real estate or locations. For our modest subscription you get our honest opinion based on 40 years of international business and 13 years residence in Ecuador. We have an active Ecuador business and have personally purchased a 962 acre hacienda, condos in the mountains, a house, a hotel plus condos and apartments on the beach. Our Ecuador Living service shares our continual research and experiences in global business, living and investing in Ecuador. You gain access to our extensive contacts plus you get to share the input from over 15,000 subscribers who continually let us know what they see hear and experience good and bad.

Learn more at Ecuador Living.

We warn our readers about areas that we consider less safe, but if you do not subscribe, be sure to check if the area is friendly or not before you buy real estate there.

I hate to see crime in sweet Cotacachi. I hate to see it up here in friendly Ashe County North Carolina…especially when the rich are targeted.

Merri and I stick out in Cotacachi but we stick out here in the Blue Ridge as well. Yet we are used to being in the minority. We have learned how to blend in.

See more on this at The Benefits of Trading a Rolls Royce for a Beat Up 87 Ford.

For example when we built our modern seminar hall out here in the North Carolina wild…anyone passing by…who did not know…would see a familiar scene…an old Blue Ridge barn. We even used a special aging substance on the exterior to make it look old. Here is our Blue Ridge seminar hall…new but purposely looking old.

cotacachi-crime

We have learned to look, as much as we can, like the locals…wherever we are.

For example our seminar delegate accommodations at our farm entrance are made to look like an old barn as well. Here is that apartment.

Cotacachi-crime

The rest of our delegate accommodations look old (and cold right now) from the outside…though some are brand new. Here are some more of our cabins.

cotacachi-crime

I suspect that when those who are not our neighbors drive by and see dozens of cars parked in our meadow they think “rooster fight”…not …”a seminar on international investing”.

When I lived in Hong Kong…I was never going to be mistaken for an oriental. Yet I learn what areas and districts to avoid and how to avoid looking like a tourist. Instead I dressed and acted like a British businessman. Hong Kong was a colony then. That worked. Ditto for my decade in London.

Even though Americans of European decent look more English than Chinese, the robbers can spot tourists anywhere! London is the only place I was ever robbed…and just down the street from my home! See The Gift is in the Giving. A Gift from a Thief.

Economic downturns create crime in Cotacachi and everywhere. Disparity between the rich and the poor create crime. Be prepared.

Cotacachi is still a great place as far as I am concerned but Cotacachi crime may be growing with the larger Western population. I would be remiss not to say so.

Wherever you go, Cotacachi or anywhere take the following advice.

Remain alert! Be aware of your surroundings.

Vary your routines. Predictability makes you a more likely target.

Lock up your home, car and office.

Make your home a tough target. Use security systems.

Stay informed. Learn about crime trends in your area and stay away from dangerous areas. The crimes in Cotacachi just mentioned took place in outlying, isolated country areas.

Get Involved. Crime can be reduced with action.

Until next message may your partners never be crime.

Gary

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. 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

Better still join us all year in Ecuador! See our entire schedule of 26 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 Economic Corrections


Ecuador economic corrections create fear. People retract…shrink and stop doing what they should and…they are wrong.

People in downturns follow the 80% rule. 80% of the people act incorrectly 80% of the time.

We can take advantage of this and use the current economic correction to get ahead.

I know from experience.

Merri and I were sitting at our Hacienda, Rosaspamba, in Ecuador. The time was November 2000. White mists rose over jagged peaks and a huge, multicolored bird suddenly burst from the brush.

I had been bringing investors to Ecuador to show them ways to invest in this economy while it was in ruins. Ecuador had done so many things badly.

There was graft, corruption, political hassles, discrimination and lies that all helped lead the Ecuador economy into shambles. Ecuador had been the first to default on Brady Bonds.

All bank accounts had been frozen.

Two Presidents in a row had been impeached within a couple of years and the public had been demonstrating again and again in the streets.

The worse it got, the more I had advised investors to come with me. The more property I bought myself.

Real estate prices skyrocketed up.

The economy has gained from higher oil prices. (Ecuador is the second largest oil producer in South America.) The new President is looking very capable (perhaps even a little honest) and there has been optimism.

The country dollarized after the economic debacle in 2000.

Real estate prices have risen dramatically. I am hearing stories from investors on how much money they have made in just the past year.

Has the economy slowed where you are? It does not seem to have done so in Manta, Ecuador. Here are shots I took last week of Manta harbor.

manta-Ecuador-harbor

The harbor is packed!

manta-Ecuador-harbor

Luxury boats as well as cargo.

manta-Ecuador-harbor

The beach is thriving.

manta-Ecuador-harbor

On our recent Ecuador coastal real estate tour we met with Pilar Davila, a real estate broker we have worked with for over a decade now.

manta-Ecuador-harbor

Construction is booming…new condos and luxury hotels like this small beach front accommodation where Pilar is standing are up and coming.

We were inspecting this wonderful small hotel in Manta. The central lounge and swimming pool are absolutely beautiful.

manta-Ecuador-hotel

Overlooking the beach and sea.

manta-Ecuador-hotel

Even the business and internet center is filled with charm.

manta-Ecuador-hotel

Pilar reminded me that Manta property that our real estate tour delegates bought in the late 1990s at $.40 cents a square foot is now selling for $9.00 a square foot. Condos that sold for $79,000 during the 1999 depression are $240,000 now.

Here are lots that our Ecuador coastal real estate delegates bought in the 1990s for $2,500. They are for sale now at $17,500.

crucita-Ecuador-land-for-sale

Ecuador real estate prices are still low compared to the US, Mexico or Panama for example…but sometimes I have a hard time keeping my perspective because they are high compared to what they were ten years ago.

Regardless of how bad things appear, there is always opportunity. The sun always shines somewhere.

For this we should be eternally grateful. When events appear gloomy, we should get excited. There is never as good a time to create wealth as when economic conditions are bad. This is especially important to remember as the U.S. economy (which has been feeding global economic growth) slows.

In the months and years ahead our daily publications, newspapers, TV shows, etc. are likely to give us more than our fair share of doom and gloom. Let this be good news! Be thankful. Bad times are the best for making money. If we focus on serving our community, instead of weeping over what newspapers say, it will help us get ahead.

Until next message, may the sun shine for you.

Gary

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

On our last coastal real estate tour we viewed this luxury hotel front…

bahia-Ecuador-hotel

and back.

bahia-Ecuador-hoyel

Here are delegates working hard at viewing.

Bahia-Ecuador-Hotel

Plus we saw land and a next door house for sale.

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

We also saw this Bahia Coco Bongo Hostal for sale (the owner says she has $110,000 in it).

ecuador-coastal-hostal-lobby

Here delegates view a 15 room hotel for sale, with an asking price of $60,000.

ecuador-real-estate-risk

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

Plus we saw this potential Bed & breakfast. $90,000 asking.

Ecuador-bed-&-breakfasts

Better still join us all year in Ecuador! See our entire schedule of 26 courses, tours, mingos and expeditions we’ll conduct in 2009.

Ecuador Beach Bed & Breakfast for Sale


Ecuador beach bed & breakfasts can help you earn income and gain profit.

The sun always shines somewhere, and we are focusing on small Ecuador bed & breakfasts and hotels for sale that can provide extra income, offer future appreciation…and…provide a great lifestyle.

These are bed and breakfasts in the sun….because the sun always shines somewhere…but most often on the equator!

These Ecuador bed & breakfasts are places where those who want to change lifestyles and have a little money to invest or have a little income can enjoy life in the sun as they meet and serve interesting people plus upgrade an Ecuador bed & breakfast for fun and profit.

For example here is an Ecuador bed & breakfast for sale that we just viewed last week. It has a very low asking price (shown below).

Ecuador-bed-&-breakfasts

Merri and I are back from Ecuador. While there we conducted an Ecuador coastal real estate tour and this Ecuador bed & breakfast was one of many we viewed.

After the tour, we spent the last night at Hotel Quito and enjoyed an excellent breakfast at the hotel’s restaurant Techo del Mundo…”Top of the World”. The food and views are great.

This is a restaurant where you can enjoy the sunrise and buffet. I especially love the yucca rolls, the multitude of fresh tropical fruits and not least a huge bowl of Macadamia nuts.

Here is Techo del Mundo.

Ecuador-bed-&-breakfasts

The restaurant has great panoramic views of Quito.

Ecuador-bed-&-breakfasts

We caught the 9:30 Delta flight to Atlanta and were rewarded with a great sunset.

Ecuador-bed-&-breakfasts

When flying to and from Ecuador from the USA, for great sunset views, sit on the left side of the plane coming back north from Ecuador. Sit on the right flying south to Ecuador.

Back here in the Blue Ridge the first night was quite beautiful…

Ecuador-bed-&-breakfasts

Not a clear, starry beauty though. That white stuff is snow!

Ecuador-bed-&-breakfasts

Bringing this dawn.

Ecuador-bed-&-breakfasts
Two days before we had enjoyed another Ecuador bed & breakfast in Manta, Ecuador.

Ecuador-bed-&-breakfasts

“Now here we are back in North Carolina!”, I thought as I ambled down the hill to the mail box this morn. “Beautiful, but Brrr!”Ecuador-bed-&-breakfasts

As I strolled along the creek, I was not surprised…

Ecuador-bed-&-breakfasts

that during this economic downturn, more and more people want to go to Ecuador.

Which would you choose?  This?

Ecuador-bed-&-breakfasts

or this?

Ecuador-bed-&-breakfasts

We do not have to sell Ecuador for our business there to grow.  All we have to do is wait for the sun to rise in Ecuador and the northern snow to fall.

The hammock is at one of the Ecuador beach bed & breakfasts we toured last week. This Ecuador B & B is for sale and has many wonderful features.

Ecuador-bed-&-breakfasts

Many flowers.Ecuador-bed-&-breakfasts

Room to expand.

Ecuador-bed-&-breakfasts

Even a pool.

Ecuador-bed-&-breakfasts

which needs cleaning and decorating…as does the entire B&B.

The seller is asking $90,000. The right person who wants a business in sunny Ecuador and who wants to live near the beach…in the sun and earn some extra income as they fix a place up…may do well.

Until next message, may the sun be shining on you!

Gary

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

Better still join us all year in Ecuador! See our entire schedule of 26 courses, tours, mingos and expeditions we’ll conduct in 2009.

Ecuador Bond Failure


Ecuador bond failure may create profits in two ways.

See below how an Ecuador bond failure might make properties like this hotel (for sale right now) worth more.

ecuador-real-estate-risk

Many readers have sent me a link to the Bloomberg which says: “Ecuador May Default on $30 Million Interest Payment (Update2)” by Lester Pimentel and Daniel Cancel.

There are two important points we can spot by studying this article…one about global investing…the other about living abroad.

First, let me make one other point, the most important point of all. However you invest…wherever you live, do something you love.

For example, here I am working hard leading our latest Ecuador real estate tour. We are looking at a “hotel” for sale by the sea.

ecuador-real-estate-risk

Do you think I am worried about how I am going to retire?

Work hard but enjoy the process! We love looking at places like this Ecuador “hotel” for sale.

The asking price?

You won’t believe it when you see it below.

ecuador-real-estate-risk

The key is to invest in stuff you find interesting…and fun. Find a way to earn and smell the roses at the same time. In this case we are, as we inspect the hotel we smell the bougainvillea and hibiscus.

More on the hotel and price in a moment. Here is point one…about global investing.

The Bloomberg article about Ecuador bond defaults says:

Nov. 14 (Bloomberg) — Ecuador said it may default on a $30 million interest payment as a tumble in oil erodes export receipts, putting President Rafael Correa on the verge of fulfilling a two-year-old threat to repudiate the country’s debt.

Correa will use the 30-day grace period on the bond payment, which is due tomorrow, to analyze legal opinions, Finance Minister Maria Elsa Viteri said at a news conference in Quito.

Ecuador’s finances have come under strain as oil, which accounts for 60 percent of the country’s exports, has plunged 61 percent from a record high in July to $57.23 a barrel.

Ecuador, which last defaulted in 1999, needs an oil price of $95 to cover all the spending in its budget and a price of $76 to avoid depleting its $6.3 billion of foreign reserves, according to Barclays Capital Inc.

“They are burning reserves,” said Eduardo Levy-Yeyati, an emerging-markets analyst at Barclays. “The question is whether they will keep paying if oil prices don’t recover.”

Ecuador’s foreign debt totaled $10 billion as of September, according to Goldman Sachs Group Inc. That’s equal to less than 25 percent of its $44 billion annual gross domestic product.

Correa, who earned his Ph.D. at the University of Illinois at Urbana-Champaign, won a landslide victory in November 2006 after promising to rewrite the constitution and boost spending on the poor. He said in September that he’d suspend debt payments before trimming spending on education and health care.

Correa has done this once before in February 2007. He said he would miss a $135 million bond interest payment but then made it.

Before that payment was made, on February 12, I wrote about buying these bonds:

The point is this speculation may be a good value because the premium you are paid to take the risk is higher than need be.

Readers who read this and bought this bond then (before the payment was made) earned 20% over night.

This time the risk premium is even more! I believe there are two reasons for the current higher potential return.

First, Ecuador is more likely to default this time than last. Correa is under more pressure to fulfill promises he has made now than he was two years ago. He had just started office then. Now he is mid term and people expect him to deliver. He may decide to spend the money on education, etc. instead.

Second, bond markets and especially emerging bond markets have been hit by a huge dose of panic. All bonds are priced lower than normal.

The bond issue in question is a $510 million bond maturing in 2012. Prices for this bond have plunged as low as 14 cents on the dollar. At this price, the bond yields over 100%.

Imagine this. If you were to buy this bond now and Ecuador does not default, each year for over three years, you double your original investment. A $50,000 investment might earn over $150,000 of income during the three years. Then you get your $50,000 back.

ON THE DOWN SIDE though Standard & Poor’s has cut the country’s rating three levels today to CCC-. This translates to basket case. If Ecuador does default, you could end up making no profit and perhaps losing part of your original investment…though it is unlikely you would lose it all.

Point #2:

A reader sent this note “Gary–with Ecuador defaulting on its debt–why would one want to invest in Ecuador?”

This reader has probably never lived abroad and does not understand that living conditions can get better when you live in a country where economic conditions are down. Prices are lower. Labor is easier to find. Everyone is more willing to serve and work hard…if you have money.

Merri and I were living in Ecuador when the sucre collapsed falling from 3,000 sucres per dollar to 24,000 sucres per dollar. Ecuador did default on its bonds then.

So what? All this meant was that food, clothing, shelter, staff, everything local cost about 1/8th as much as it had. Wages were down. Bargains were everywhere!

Merri and I were loved because we stayed. We spent. We provided jobs.

Life can actually be better in hard times…

…especially if you have your income and investments OUT of the depressed country.

There is a caveat. If conditions deteriorate too far, law and order can break down.

Ecuadorians are basically friendly, non violent people so I do not have any great concern about this. This is based on experience. I have lived in places where people were not quite as easy going.

I have lived through law and order breakdowns before, first time…when living in Hong Kong. Poverty created riots and bombs in the streets there in the late 1960s.

That was not fun.

Mind you, Hong Kong real estate prices went on to rise higher than almost anywhere in the world. Those troubled times were among the best for buying real estate…ever.

I saw problems with bombs in public places when I lived in London as well. In February 1991 the provisional IRA managed to actually launch mortars from a van 250 yards from the Prime Minister’s home at Number 10 Downing Street. One shell landed behind the residence and blew out the windows of the war office.

Closer to home, the bathroom door of Merri’s and my London house was jarred off its hinges when an explosive device was used to start a raid on the Iranian Embassy in 1980 after it had been taken over by Iranian Arab separatists. The embassy in South Kensington was near our house .

Did this ruin London?  London real estate prices have since risen to be among the highest in the world and Londoner’s standards of living have skyrocketed.

Problems create opportunity! Economic trouble in a country can create opportunity for those who have money to spend and invest.

Another worry that people have is that the Ecuadorian government will nationalize or confiscate property. There is little history to support this and such a seizure would make little sense.

Such concerns ignore the fact that there are all types of confiscation taking place everywhere…at every level…even in the good old USA.

One family at my last course told me how, for decades, they had been buying property to build low cost housing. They have prepared many of the properties so they followed the zoning ordinances so they could build. Now the municipality has changed rules so they can no longer build.

Taxes are increased. New rules are added and fines levied for non compliance of new zoning ordinances. Costs and problems have risen so dramatically that these developers have had to abandon some of their property to the municipality. After foreclosure the municipality has built the same low cost housing…but obviously less efficiently.

The argument here is not that Ecuador is better than the USA or England or Hong Kong, etc.

The argument here is not that Ecuador has no risk.

The two points are that the perception of risk may be overblown and the premium for taking the risk is high as well.

Plus Ecuador is a great place to be…especially in the winter.

Risk is everywhere.

Ask not, “Where is there no risk?”

Ask instead. “How much is the real risk and how much am I paid to take it?”

Find interesting (for yourself) investments that pay high risk premiums.

Find delightful places where YOU want to be where the cost of living is too low.

Until next message, good global investing and Ecuador living.

Gary

This brings us back to where we started working hard…looking at this hotel for sale. Nine bathrooms, about 15 bedroms.

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Here is our latest group inspecting the hotel,which is one block from the Ecuador’s Pacific.

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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

Better still join us all year in Ecuador! See our entire schedule of 26 courses, tours, mingos and expeditions we’ll conduct in 2009.

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

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Large second floor veranda with ocean views.

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Beautiful flowered front yard.

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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

Better still join us all year in Ecuador! See our entire schedule of 26 courses, tours, mingos and expeditions we’ll conduct in 2009.

Bahia Property Tour


We are in Bahia on our Ecuador coastal property tour.

In two days we covered a lot!  We view many properties in Manta, Crucita, San Clemente and Bahia.

Bahia is one of the nicest towns on Ecuador’s coast…Ecuador’s first eco-city. This Bahia portion had some very interesting deals beginning as we entered town. A new hotel just opened. In fact a number of our delegates stayed at this Bahia hotel and were among the hotel’s first guests…at Casa Ceibo.

Casa Ceibo sit on the Chone Estuary at the southern entrance of Bahia.

There seemed to be more yachts anchored at the Bahia Yacht club than normal.

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The hotel is quite reasonable, $150 a night for two. We are able to obtain a sizable discount for delegates and Ecuador Living subscribers.

You can subscribe to Ecuador Living here.

The hotel is quite a wonder from the minute you enter and see a waterfall flowing down a huge rock facade in the lobby.

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The decoration is rich wood, stone and white. From floor to…

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ceiling.

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The hotel is in three levels, the lobby in the mid level with stairs leading up

to…

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Bahia-ecuador-beach-property-rooms

restaurant and rooms. The rooms are richly decorated and …

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have balconies looking over the the …

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deck and…

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pool and pool bar. The deck has many…

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levels. Lots of wood too.

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Of more interest were two properties right next to the hotel… a house and …

Bahia-ecuador-beach-property-house

a lot for sale.

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More on these in upcoming messages.

Until then, may all your sailing be clear.

Gary

How We Can Serve You

How to Have Real Safety

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There are only three reasons why we should invest.  We invest for income.  We invest to resell our investments for more than we had invested.  We invest to make our world a better place.

We should not invest for fun, excitement or to get rich quick, or in a panic due to market corrections.

This is why the core Pi model portfolio (that forms the bulk of my own equity portfolio) consists of 19 shares and this position has not changed in over two years.  During these two years we have been steadily accumulating the same 19 shares and have not traded once.

The portfolio has done well in 2017, up 22.6%, better than the DJI Index.

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However one or even two year’s performance is not enough data to create a safe strategy.

The good value portfolio above is based entirely on good value financial information and mathematically based safety programs developed around models that date back 91 and 24 years.

The Pifolio is a theoretical portfolio of MSCI Country Benchmark Index ETFs that cover all the good value markets developed combining my 50 years of investing experience with study of the mathematical market value analysis of Keppler Asset Management and the mathematical trend analysis of Tradestops.com.

In my opinion, Keppler is one of the best market statisticians in the world.  Numerous very large fund managers, such as State Street Global Advisers, use his analysis to manage over $2.5 billion of funds.

The Pifolio analysis begins with Keppler who continually researches international major stock markets and compares their value based on current book to price, cash flow to price, earnings to price, average dividend yield, return on equity and cash flow return.  He compares each major stock market’s history.

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Michael Kepler CEO Keppler Asset Management.

Michael is a brilliant mathematician.  We have tracked his analysis for over 20 years.   He continually researches international major stock markets and compares their value based on current book to price, cash flow to price, earnings to price, average dividend yield, return on equity and cash flow return.  He compares each stock market’s history.  From this, he develops his Good Value Stock Market Strategy and rates each market as a Buy, Neutral or Sell market.  His analysis is rational, mathematical and does not cause worry about short term ups and downs.  Keppler’s strategy is to diversify into an equally weighted portfolio of the MSCI Indices of each BUY market.

This is an easy, simple and effective approach to zeroing in on value because little time, management and guesswork is required.  You are investing in a diversified portfolio of good value indices.

A BUY rating for an index does NOT imply that any stock in that country is an attractive investment, so you do not have to spend hours of research aimed at picking specific shares.  It is not appropriate or enough to instruct a stockbroker to simply select stocks in the BUY rated countries.  Investing in the index is like investing in all the shares in the index.  You save time because all you have to do is invest in the ETF to gain the profit potential of the entire market.

To achieve this goal of diversification the Pifolio consists of Country Index ETFs.

Country Index ETFs are similar to an index mutual fund but are shares normally traded on a major stock exchange that tracks an index of shares in a specific country.  ETFs do not try to beat the index they represent.  The management is passive and tries to emulate the performance of the index.

A country ETF provides diversification into a basket of equities in the country covered.  The expense ratios for most ETFs are lower than those of the average mutual fund as well so such ETFs provide diversification and cost efficiency.

Here is the Pifolio I personally use.

70% is diversified into Keppler’s good value (BUY rated) developed markets: Australia, Austria, France, Germany, Hong Kong, Italy, Japan, Norway, Singapore and the United Kingdom.

30% of the Pifolio is invested in Keppler’s good value (BUY rated) emerging markets: Brazil, Chile, China, Colombia, the Czech Republic, South Korea, Malaysia and Taiwan.

The Pifolio consists of iShares ETFs that invested in each of the MSCI indicies of the good value BUY markets.

For example, the iShares MSCI Australia (symbol EWA) is a Country Index ETF that tracks the investment results the Morgan Stanley Capital Index MSCI Australia Index which is composed mainly of large cap and small cap stocks traded primarily on the Australian Stock Exchange mainly of companies in consumer staples, financials and materials. This ETF is non-diversified outside of Australia.

iShares is owned by Black Rock, Inc. the world’s largest asset manager with over $4 trillion in assets under management.

Pi uses math to reveal the best value markets then protects its positions using more math created by Richard Smith founder and CEO of Tradestops.com to track each share’s trend.

We use Smith’s  algorithms that calculate momentum of the good value markets.

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The Stock State Indicators at Tradestops.com act as a full life-cycle measure that indicates the health of each stock. They are designed to tell you at a glance exactly where any stock stands relative to Dr. Smith’s proprietary algorithms.

Kepppler’s analysis shows the value of markets.  The SSI signal indicates the current trend of each stock (performing well, or in a period of correction, or stopped out).

The SSI tells you one of five things:

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Akey component of the Stock State Indicator (SSI) system is momentum based on the latest 521 days of trading.  A stock changes from red to green in the SSI system only after it has already gone up a healthy amount and has started a solid uptrend.

How SSI Alerts Are Triggered

If the position has already moved more than its Volatility Quotient below a recent high, the SSI Stop Loss will trigger.  This is an indicator that the position has corrected more than what is normal for this stock.  It means to take caution.

Below is an example of how SSIs work.  This example shows the Developed Market Pifolio that we track at Tradestops.com.

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Equal Weight Good Value Developed Market Pifolio.

At the time this example was copied, all the ETFs in the Developed Market Pifolio (above) currently had a green SSI.

We do not know when the US market will fall.  We only do know that it will.  We also do not know if, when the US market corrects, global markets will follow or rise instead.

The fact that the Pifilios are invested in good value markets reduces long term risk.

Additional protection is added by using trailing stops based on the 521 day momentum of each stock in the Pifolio.

Take for example the graph below from our Tradestops account that shows the iShares MSCI United Kingdom ETF.  This ETF had a green SSI and a Volatility Index (VQ) of 13.26%.  This means the share can move 13.26% before there is a trend shift.

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iShares MSCI United Kingdom ETF (Symbol EWU)

Pi purchased the share at$31.26 and in this example the share was $34.43 and rising.  Tradestop’s algorithms suggested that if the price drops to $31.69 its momentum would have stopped and it would have shifted into trading sideways.   The stop loss price is currently $29.86.  If EWU continues to rise, both the yellow warning and the stop loss price will rise as well.

When the US stock market bull ends, know one knows for sure how long or how severe the correction will be.

When the bear arrives, what will happen to global and especially good value markets?

No  one knows the answer to this question.

What we do know is that the equally weighted, good value market Pifolios have the greatest potential long term and that math based trailing stops can be used to protect against a secular global stock market correction when it comes.

My fifty years of global investing experience helps take advantage of numerous long term cycles that are part of the universal math that affects all investments.

What you get when you subscribe to Pi.

You immediately receive a 120 page basic training course that teaches the Pi Strategy.   You learn all the Pi strategies, what they are, how to use them and what each can do for you, your lifestyle and investing.

You also begin receiving regular emailed Pifiolio updates and online access to all the Pifolio updates of the last two years.  Each update examines the current activity in a Pifolio, how it is changing, why and how the changes might help your investing or not.

Included in the basic training is an additional 120 page PDF value analysis of 46 stock markets (23 developed markets and 23 emerging stock markets).  This analysis looks at the price to book, price to earnings, average yield and much more.

You also receive two special reports.

In the 1980s, a remarkable set of two economic circumstances helped anyone who spotted them become remarkably rich.  Some of my readers made enough to retire.  Others picked up 50% currency gains.  Then the cycle ended.  Warren Buffett explained the importance of this ending in a 1999 Fortune magazine interview.  He said:  Let me summarize what I’ve been saying about the stock market: I think it’s very hard to come up with a persuasive case that equities will over the next 17 years perform anything like—anything like—they’ve performed in the past 17!

I did well then, but always thought, “I should have invested more!”  Now those circumstances have come together and I am investing in them again.

The circumstances that created fortunes 30 years ago were an overvalued US market (compared to global markets) and an overvalued US dollar.  The two conditions are in place again!

30 years ago, the US dollar rose along with Wall Street.  Profits came quickly over three years.  Then the dollar dropped like a stone, by 51%  in just two years.  A repeat of this pattern is growing and could create up to 50% extra profit if we start using strong dollars to accumulate good value stock market ETFs in other currencies.

This is the most exciting opportunity I have seen since we started sending our reports on international investing ideas more than three decades ago.  The trends are so clear that I have created a short, but powerful report “Three Currency Patterns for 50% Profits or More.”   This report shows how to earn an extra 50% from currency shifts with even small investments.  I kept the report short and simple, but included links to 153 pages of  Good Value Stock Market research and Asset Allocation Analysis.

The report shows 20 good value investments and a really powerful tactic that shows the most effective and least expensive way to accumulate these bargains in large or even very small amounts (less than $5,000).  There is extra profit potential of at least 50% so the report is worth a lot.

This report sells for $29.95 but in this special offer, you receive the report, “Three Currency Patterns for 50% Profits or More” FREE when you subscribe to Pi.

Plus get the $39.95 report “The Platinum Dip 2018” free.

With investors watching global stock markets bounce up and down, many missed two really important profit generating events over the last two years.  The price of silver dipped below $14 an ounce as did shares of the iShares Silver ETF (SLV).   The second event is that the silver gold ratio hit 80, compared to a ratio of 230 only two years before.

In September 2015, I prepared a special report “Silver Dip 2015” about a silver speculation, leveraged with a British pound loan, that could increase the returns in a safe portfolio by as much as eight times.  The tactics described in that report generated 62.48% profit in just nine months.

I have updated this report and added how to use the Dip Strategy with platinum.   The “Platinum Dip 2018” report shares the latest in a series of long term lessons gained through 40 years of speculating and investing in precious metals.  I released the 2015 report, when the gold silver ratio slipped to 80.  The ratio has corrected and that profit has been taken and now a new precious metals dip has emerged.

I have prepared a new special report “Platinum Dip 2018” about a leveraged speculation that can increase the returns in a safe portfolio by as much as eight times.

You also learn from the Value Investing Seminar, our premier course, that we have been conducting for over 30 years.  Tens of thousands of delegates have paid up to $999 to attend.  Now you can join the seminar online FREE in this special offer.

This three day course is available in sessions that are 10 to 20 minutes long for easy, convenient learning.   You can listen to each session any time and as often as you desire.

The sooner you hear what I have to say about current markets, the better you’ll be able to cash in on perhaps the best investing opportunity since 1982.

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Tens of thousands have paid up to $999 to attend.

In 2018 I celebrate my 52nd anniversary in the investing business and 50th year of writing about global investing.  Our reports and seminars have helped readers have better lives, with less stress yet make fortunes during up and down markets for decades.  This information is invaluable to investors large and small because even small amounts can easily be invested in the good value shares we cover in our seminar.

Stock and currency markets are cyclical.  These cycles create extra profit for value investors who invest when everyone else has the markets wrong.  One special seminar session looks at how to spot value from cycles.  Stocks rise from the cycle of war, productivity and demographics.  Cycles create recurring profits.  Economies and stock markets cycle up and down around every 15 to 20 years as shown in this graph.

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The effect of war cycles on the US Stock Market since 1906.

Bull and bear cycles are based on cycles of human interaction, war, technology and productivity.  Economic downturns can create war.

The chart above shows the war – stock market cycle.  Military struggles (like the Civil War, WWI, WWII and the Cold War: WW III) super charge inventiveness that creates new forms of productivity…the steam engine, the internal combustion engine,  production line processes, jet engines, TV, farming techniques, plastics, telephone, computer and lastly during the Cold War, the internet.  The military technology shifts to domestic use.  A boom is created that leads to excess.  Excess leads to correction. Correction creates an economic downturn and again to war.

Details in the online seminar include:

* How to easily buy global currencies, shares and bonds.

* Trading down and the benefits of investing in real estate in Small Town USA.  We will share why this breakout value is special and why we have been recommending good value real estate in this area since 2009.

* What’s up with gold and silver?  One session looks at my current position on gold and silver and asset protection.  We review the state of the precious metal markets and potential problems ahead for US dollars.  Learn how low interest rates eliminate  opportunity costs of diversification in precious metals and foreign currencies.

* How to improve safety and increase profit with leverage and staying power.  The seminar reveals Warren Buffett’s value investing strategy from research published at Yale University’s website.  This research shows that the stocks Buffet chooses are safe (with low beta and low volatility), cheap (value stocks with low price-to-book ratios), and high quality (stocks of companies that are profitable, stable, growing, and with high payout ratios). His big, extra profits come from leverage and staying power.  At times Buffet’s portfolio, as all value portfolios, has fallen, but he has been willing and able to wait long periods for the value to reveal itself and prices to recover.

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This chart based on a 45 year portfolio study shows that holding a diversified good value portfolio (based on a  good value strategy) for 13 month’s time, increases the probability of out performance to 70%.  However those who can hold the portfolio for five years gain a 88% probability of beating the bellwether in the market and after ten years the probability increases to 97.5%.

Time is your friend when you use a good value strategy.  The longer you can hold onto a well balanced good value portfolio, the better the odds of outstanding success.

Learn how much leverage to use.  Leverage is like medicine, the key is dose.  The best ratio is normally 1.6 to 1.  We’ll sum up the strategy; how to leverage cheap, safe, quality stocks and for what period of time based on the times and each individual’s circumstances.

Learn to plan in a way so you never run out of money.  The seminar also has a session on the importance of having and sticking to a plan.  See how success is dependent on conviction, wherewithal, and skill to operate with leverage and significant risk.  Learn a three point strategy based on my 50 years of investing experience combined with wisdom gained from some of the world’s best investment managers and economic mathematical scientists.

The online seminar also reveals  the results of a $80,000 share purchase cost test that found the least expensive way to invest in good value.  The keys to this portfolio are good value, low cost, minimal fuss and bother.  Plus a great savings of time.  Trading is minimal, usually not more than one or two shares are bought or sold in a year.  I wanted to find the very least expensive way to create and hold this portfolio so I performed this test.

I have good news about the cost of the seminar as well.   For almost three decades the seminar fee has been $799 for one or $999 for a couple. Tens of thousands paid this price, but online the seminar is $297.

In this special offer, you can get this online seminar FREE when you subscribe to our Personal investing Course.

Save $468.90 If You Act Now

Subscribe to the first year of The Personal investing Course (Pi).  The annual fee is $299, but to introduce you to this online, course that is based on real time investing, I am knocking $102 off the subscription.  Plus you receive FREE the $29.95 report “Three Currency Patterns for 50% Profits or More”, the $39.95 report “Silver Dip 2017” and our latest $297 online seminar for a total savings of $468.90.

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Triple Guarantee

Enroll in Pi.  Get the basic training, the 46 market value report, access to all the updates of the past two years, the two reports and the Value Investing Seminar right away. 

#1:  I guarantee you’ll learn ideas about investing that are unique and can reduce stress as they help you enhance your profits through slow, worry free, easy diversified investing.

If you are not totally happy, simply let me know.

#2:  I guarantee you can cancel your subscription within 60 days and I’ll refund your subscription fee in full, no questions asked.

#3:  You can keep the two reports and Value Investing Seminar as my thanks for trying.

You have nothing to lose except the fear.   You gain the ultimate form of financial security as you reduce risk and increase profit potential.

Subscribe to Pi now, get the 130 page basic training, the 120 page 46 market value analysis, access to over 100 previous Pifolio updates, the “Platinum Dip 2018” and “Three Currency Patterns For 50% Profits or More” reports, and value investment seminar, plus begin receiving regular Pifolio updates throughout the year.

Subscribe to a Pi annual subscription for $197 and receive all the above.

Gary