Tag Archive | "fischer@jgam.com;"

Ecuador Tickets


See how to save up to $658 on Ecuador tickets to the Galapagos Island tours plus one of the most important international investing thoughts you may see this year.

ecuador-tickets

First, here is an international investing thought we reviewed at our  recent International Investment and Business Course. Then we’ll look more at Ecuador tickets and how to get Galapagos cruise savings.

Yesterday’s message International Investment Gains looked at the fact that the Dow has moved in 15 to 17 year up and down cycles.  We saw that the Dow is into the twelfth year of a down cycle that started in 1998.  When we compared the Dow’s movements for the last two years to the equivalent time in the previous (1968 to 1982) down cycle, we saw that these two years had an amazing 93% correlation.

This led us to the question…What is next?  See below in blue what the Dow did between 1980 and 1982.

The chart below from Moore Research compares the Dow from 1978 through 1980 to the Dow of the last 18 months. The Blue line is what happened in the equivalent period in the 1970s for the next two years.  Ignore the black line (this is how the Dow has just moved). There should not be and is little correlation.

What is important is understanding the blue line. This what the Dow did during in the equivalent period (1978 to 1980) in the 1968 to 1982 downturn. The black line represent the Dow’s recent activity and should not matter.

This is a really important international investment thought. If history repeats,  if the Dow’s movement from now to mid 2011 has as strong a correlation as 2007 to 2009 had to 1978 to 1980, then the current uptick in the US market is simply bait leading most investors to slaughter!

This chart suggests that soon we will see a sharp correction in the market followed by a period of  very volatile sideways movement.

international-investments

Jyske Global Asset Management is suspicious of markets as as well.  Thomas Fischer, Senior VP JGAM, spoke at our July 2009 International Investment Course about the fact that the current upwards trend in the market is not supported by economic fundamentals.

He reconfirmed this when he shared market comments yesterday that said:

Another week with positive trends in global markets. The MSCI World Index is up 1.37% this week but uncertainty about the direction of the market is beginning to show. On Tuesday the Chinese stocks plunged 5% as investors became nervous about the fast share price gains in the Shanghai Composite Index of almost 80% in 2009. The banking industry has seen some very good second quarter reports, but many banks have dramatically increased their provisions against bad loans due to continued pressure on the credit environment. On Tuesday the share price for Deutsche Bank tumbled 11% even though it reported a net income of USD $1.4 billion in the second quarter as bad loan provisions of USD $1.4 billion spooked investors. Consumers are still “maxed out” and with rising unemployment and none existing wage pressures. It will probably take some time before consumers return to the shopping malls in droves as indicated in the consumer confidence number for July showing a fall from 49.3 to 46.6. The big $64,000 question is whether we will have inflation or deflation and at the moment it certainly does not look like inflation. The Fed’s latest survey (Beige Book) shows an economy that is still very weak and the so called  “green shoots” will take a long time to grow.

Jyske Bank and JGAM are one of the few truly international banks that still provides a service for Americans. Learn more about JGAM from Thomas Fischer at fischer@jgam.com

In other words… be very cautious about speculating in the equity market.

See an entire report on this as a Multi Currency Portfolios Course subscriber.

Or join us to update what is happening at at our October 9, 10,  11 IBEZ North Carolina Seminar

Here is what a delegate shared about our July seminar:

Merri, My wife and I would like to thank you and Gary for a wonderful course. We thoroughly enjoyed all the information presented by Gary, Thomas and David. And we thank you for your hospitality with having us to your lovely “piece of paradise” in Lansing. The lunch was delicious and your presentation of import/export items was quite interesting.  We look forward to visiting Ecuador in September of 2010. And we look forward to visiting and staying at your hotel in Cotocatchi. Thank you again for a truly life changing and life enhancing weekend. Best regards,

Now let’s look at how a  $119 Ecuador Living subscription can help you save up to $658 on Ecuador Galapagos tickets on one of the most luxurious Galapagos cruises on this catamaran the M/S Nina with this excerpt from the Ecuador Living article Ecuador Galapagos Tickets.

Our friend Kjetil Haugan, the largest Galapagos Ecuador cruise operator just sent us this note.

Dear Friends!  Greetings from Haugan Cruises!

I would like to remind you of the promotions on our fleet for July until December 2009. Please find our special deals below.

The M/C Nina.

ecuador-tickets

The Nina is also a 16 passenger luxury catamaran, with four main deck double or twin cabins, two single cabins and four upper deck  double cabins, with a king size bed.

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Nina King

All the cabins have a private balcony and the windows can be opened, except for the single cabins that have sealed windows, but still have a little balcony.

The Nina offers eight day cruises only and the normal cruise fee is $4,390 per person in a double cabin.

ecuador-tickets

Nina Deck

We are offering 2 x 1 deals August 25 – September 1 and Nov 24th to Dec 1st.

We are offering a $1,000 discount  + a flight ticket (Quito to the Galapagos) for August 18 – 25th and September  8 – 15th September 15th – 22nd, Oct 13th – 20th, Oct 20th – 27th and Oct 27th – Nov 03.

For additional information and added discounts see Ecuador Galapagos Tickets.

This is the ticket to the Galapagos, Ecuador!

Haugan tours pays tour operators commissions on these tours but as publishers we do not accept commissions so pass this on to our subscribers in the form of savings that amount to as much as $658.

If you are an Ecuador Living subscriber, contact us to calculate your 15% discount for your Ecuador Galapagos tour.

If you are not an Ecuador Living subscriber and want to go to the Galapagos, you can save money AND have your subscription free!  Learn how to subscribe here.

Gary

Join Merri me and Thomas Fischer of JGAM and our webmaster David Cross in North Carolina this October.

Learn more about global investing, how to have an international business and early retirement in Ecuador at the course.

Oct. 9-11 IBEZ North Carolina

Or join us in Ecuador and learn more about living and retiring in Ecuador.

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

Oct. 21-24 Ecuador Import Export Tour

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.

See other Ecuador tickets to Galapagos cruises here.

Ecuador Retirement Lifestyle Shift


Retirement in Ecuador can shift lifestyle towards simplicity.

In a moment, let’s look at the current way to earn more income with greater safety for retirement, in Ecuador or anywhere, for now or for future retirement.

First, let’s look at how many North Americans are learning to make whatever income they have go farther… with simplicity.

When you retire in Ecuador one great benefit is being surrounded by a culture that understands and lives simply.

There are many simply pleasures in Ecuador like…

retire in Ecuador

Don’t get me wrong.  You can enjoy  luxuries when you live or retire in Ecuador.

This excerpt from a recent article at Ecuador Living entitled “Retire in Ecuador Guide – Communications” shows how to eliminate long distance telephone charges in Ecuador:

When you retire in Ecuador enjoy new but different luxuries. Luxury differs in every culture and country. For example in Ecuador, tile roofs, hardwood and ceramic floor tiles  (luxuries in North America) are low cost, standard building supplies.

A regular maid, to do dishes and laundry, costs little.

Yet washing machines and dishwashers are expensive luxuries in Ecuador.

Cars cost a lot in Ecuador.  Cabs and drivers with their own cars are cheap because personal cars have a high duty.   Commercial vehicles can be imported into Ecuador without tax.

People who couldn’t afford housekeepers or gardeners in North America can do so when they live or retire in Ecuador.

Take time to understand the system and compare costs before setting your lifestyle. Hold off on the big fridge. This will cost a lot.  A maid buying fresh food in the market every day creates employment and costs less!

Read all of  Retire in Ecuador Guide – Communications

retire in Ecuador A simple Ecuador pleasure is the good humor man on the waterfront.

Excerpts from a recent USA TODAY article  for Boomers, recession is redefining retirement  by Christine Dugas, explains more:

Life changes are becoming a focus, along with retirement-expectation changes.

“People are stepping back and asking themselves truly, ‘How much is enough?’ ” says Sheryl Garrett, a financial planner in Kansas City, Mo. It’s more of a movement to simple living than just a temporary spending cutback. “People are taking ownership of what they can control.”

Many Boomers are so busy dealing with their daily lives, from monthly bills and vacation plans, to doctor appointments and children’s college hopes, that they seldom considered their futures. And they often believe that life sort of ends with retirement.

The financial crisis has forced them to look ahead. In reality, they will live much longer and be healthier than their parents’ generation. And retirement may be filled with much more than playing golf or cards.

Retirees get married, they move, and some even have children, says James Richardson, a financial planner in Raleigh, N.C.

“In many cases, people feel more productive if they continue to work during retirement,” he says. “That was true even before the financial crisis.”

“We have to look at retirement differently,” she says. “They always say that if you are going to work in retirement, do the things that you love to do. So I’m not going to complain. I love teaching.”

Baby Boomers such as Neilson may change retirement. “They may re-create themselves so that they can do something that is productive and still earn a paycheck,” Garrett says.

People are not living on an extraordinary gravy train, he says, and they can’t use their houses as ATMs any longer. And they can’t count on buying a new refrigerator just because they want one, as opposed to when they need one.

See more on this at Wild Health & Profit.

retire in Ecuador

A simple Ecuador pleasure is a just caught fresh from the sea….fish for a dollar.

If you are planning a simpler life, you may want to consider retiring in Ecuador.

Create Extra Investment Income the Simple Way

If you plan to retire in Ecuador or are saving for a later retirement, you’ll want to increase profit and safety.

This is possible even in the recession because for the first six months of 2009 JGAM’s low risk strategy has been their best performing strategy.  With a 100% loan their low risk portfolio has risen 11.4% or at a 23% per annum rate.

Here is an excerpt from our latest multi currency lesson:

JGAM believes that this low risk strategy will remain productive for the rest of 2009 for several reasons.

First they do not believe that the economic recession is over yet.  JGAM expects the turnaround to be L-shaped (not V-shaped). This means economic growth is not expected to return to normal levels in a foreseeable time.

This economic stall creates a lack of growth that will limit corporate earnings potential and keep inflation in check.

A slow economy, without inflation, favors bonds and leaves equities at risk.   JGAM does not expect inflation to be a real threat in the near future.

Short term rates are also likely to be kept artificially low by governments to help the banking industry.   Banks are making huge profits by paying low rates on client deposits and lending the funds at higher long term rates.

Here is an example of how leveraged bonds work. Two bonds available now are:

US$ 5% Korean Electric Power  (A rated ) due 17 – 01 – 2017 paying a yield of  5.05%

GBP 5% Rep. of Hungary due 06 – 05 – 2014 price paying a yield of 10%.

Assume an investment of $100,000 in each bond… from a $100,000 investment plus a $100,000 US dollar loan at 2.75%.

The average yield per annum is 7.52% or $15,050, less $2,750 loan costs.

That leaves a $12,300 return or 12.3% per annum instead of a 7.52% return on an unleveraged $100,000 investment.

Both managed and advisory clients with JGAM can invest in a leveraged low risk portfolio but managed portfolios can obtain the greatest advantage of the strategy.

The two benefits of a managed portfolio are JGAM’s active monitoring make international investing simple plus gives the ability to invest in a wide range of global securities that are not available for most advisory clients.

Americans who live in the US but have advisory accounts cannot buy most overseas bonds.  US advisory clients who live outside the US can buy these bonds.

You can get more information from Thomas Fischer at JGAM. His email address is fischer@jgam.com

Enroll in our Multi Currency Course here

Gary

Join Merri, Thomas Fischer of JGAM and me in North Carolina this July and enroll in our multi currency course free. Save $175.

Learn more about early retirement and Ecuador.

July 24-26 IBEZ North Carolina

Oct. 9-11 IBEZ North Carolina

Or join us in Ecuador and learn more about living and retiring in Ecuador.

July 24-26 IBEZ North Carolina

Oct. 9-11 IBEZ North Carolina

Or join us in Ecuador and learn more about living and retiring in Ecuador.

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

Oct. 21-24 Ecuador Import Export Tour

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

Read the entire USA TODAY article For Boomers, recession is redefining retirement at www.usatoday.com/money/perfi/retirement/2009-06-16-retirement-boomers-recession_N.htm

Retire With Ecuador Real Estate Value & IRAs


One great reason to retire in Ecuador is the real estate value. Plus you can own Ecuador or other overseas investment and retirement real estate with your IRA.

Retirement costs of in Ecuador are low because the cost of a home and utilities are so low.

There is great value, plus enormous beauty in the Andean and coastal countryside.

The wonderful crafts markets of Ecuador create export opportunity to supplement income when you retire in Ecuador.

There is so much beautiful property and…

homes seem so inexpensive like these houses at San Miguel (under $100,000) and…

cotacachi-ecuador-san-miguel

Primavera condos (under $46,000) that…

multi-currency-Ecuador-condos

it becomes easy to misunderstand value. Take for instance Ecuador’s empty beaches.  This is a shot of a wonderful coastal land in Ecuador.

What is this property’s value?  Prices on some Ecuador beach property are really low!   When you find a beautiful piece of property like this at a really low price, how can you lose?

Here is how you can see your Ecuador retirement wealth shrivel.

Our friend Todd Smith recently sent me some photos of a trip he made down California’s coast.

Imagine buying land on the beach in California 30 years ago.

You couldn’t miss.

Right?

Todd’s photos reminded me that you can.  Todd photos was scripted with this text:

If you ever want to get away completely, visit the Lost Coast of California.

retire-in-ecuador-real-estate

In Humboldt County, head south on Rt. 211 from Fortuna, towards the ocean.

You’ll follow a winding, narrow almost-one-lane road for about 30 miles before you reach the Pacific, and you’ll be lucky if you pass a single car.

Be sure to fill up before you go because you’ll be almost completely on your own.
a coastal island in the trees.

The Lost Coast gets it’s name from the fact that Rt. 1 and Rt. 101 completely bypass this section of about 100 miles of shoreline.

Except for signs of ranching and an occasional hamlet you would think you were the only person on this lovely, godforsaken planet.

retire-in-ecuador-real-estate

See all of Todd’s photos of the lost coast.

What value does this California real estate have…

retire-in-ecuador-real-estate

beyond building a barn?

Real estate has two values… the value for you as a user… and what someone else will pay for it.

If you retire in Ecuador and want to live in an isolated place in the mountains or on the coast… great. You can find some incredible real estate values.

If you buy to resell and plan to profit… beware! Some Ecuador real estate will appreciate dramatically as pressures of modern life shift agricultural land to residential, recreational or commercial.

However some beach property and mountain land like this…

retire-in-ecuador

in 10, 20 and 30 years from now will look like this.

retire-in-ecuador

The value will have increased due to inflation but great appreciation is not likely.

Investors who are ready to retire in Ecuador should look closely at the likely time frame of land appreciation.  Be careful to make sure that your retirement liquidity needs do not come before appreciation.

You can also buy Ecuador real estate through an IRA… if you or your family are not going to live in or use the property.

This site has been helping people retire in Ecuador and to invest their IRAs abroad for years.

You can own real estate in your IRA, including non-U.S. real estate. Over the years, advisers have wrongly convinced many people they cannot own real estate, as well as a number of other alternative investments, inside their IRA’s or other retirement plans. Nothing could be further from the truth. In actuality, the IRS allows a great deal of flexibility when it comes to investing the assets of your retirement account.

The trouble comes if you don’t have a “self directed” IRA or if you work with a custodian who imposes his own investment restrictions. Most of these restrictions have nothing to do with the code governing retirement accounts but are instead employed to make life easier for the custodian.

Here is what is allowed:

• Raw land

• Condos

• Office buildings

• Single-family homes

• Multi-family homes

• Apartment buildings

• Improved land

The IRS defines prohibited transactions and self-dealing that you cannot do in your IRA.  Your retirement plan is meant to benefit you at retirement… not earlier so you cannot directly or indirectly, deal with yourself or a family member.

You cannot lend money, extend credit, or furnish goods, services, or facilities to yourself or a disqualified individual. In other words, you can invest in any type of real estate you want as long as it is an investment and not for your own use currently.

However if you find your dream Ecuador retirement home  that you want to live in when you reti you can buy it in the IRA, rent it for now and take it as a distribution from your plan when you retire.

You can have a full report and contacts with a custodians who can help you own Ecuador real estate in your IRA.   Subscribe here.

IRAs at Jyske Bank

It is now easier to invest your liquid IRA funds safely overseas as well.  Jyske Global Asset Management can invest your IRA investments offshore in coordination with GoldStar Trust!

This makes it easier for you to give your IRA International investing and currency diversification.

Here is how the JGAM IRA plan works.   Your US custodian will be GoldStar Trust in Texas. Your offshore custodian bank will be Jyske Bank in Copenhagen (Denmark).  Jyske Global Asset Management will be your asset manager.

This setup is in accordance with IRA regulations. JGAM sends quarterly and annual statements as well as standard IRA statements from GoldStar Trust.

You can get further details from Thomas Fischer at JGAM. Email Thomas at fischer@jgam.com or call toll-free in the USA at 1-866-602-5426

Gary

Join Merri and me with Thomas Fischer at our North Carolina farm this July or October for our International business & investing seminars below. Learn more about early retirement and Ecuador.

July 24-26 IBEZ North Carolina

Oct. 9-11 IBEZ North Carolina

Or join us in Ecuador and learn more about living and retiring in Ecuador.

July 24-26 IBEZ North Carolina

Oct. 9-11 IBEZ North Carolina

Or join us in Ecuador and learn more about living and retiring in Ecuador.

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

Oct. 21-24 Ecuador Import Export Tour

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

Ecuador & Bank Privacy


Bank privacy no longer exists. Some years ago I wrote about the insidious tactics that the US and other governments have used to erode financial privacy and personal liberty and pointed out that the problem is that the government does not attack the individual but puts the pressure on the overseas financial institutions. The current additional move by the US government to collect tax is just one more small step.

The quote above might make it seem like I was years ahead of the curve writing about the loss of privacy some years ago.

Actually I was way ahead of the curve because that quote comes from one of the earlier articles posted at this site on July  13, 2000. See that July 2000 article.

However,  may I remind you that the sunshine not only always shines somewhere, it always rises everywhere… every day!

Yesterday’s message looked at Ecuador sunrises and sunsets.

The sun also rises here in the USA.  I took these shots at our farm and…

ecuador-sunrise

and near the farm on the way to the Farmer’s Market.

ecuador-sunset

Glorious.

We live in a quantum world.  Those earthly laws that Newton so accurately described really do seem to work with apples… yet science suggests that our world is not so predictable… every moment… every place contains infinite potentiality for change… something different… something new… something good… or bad.

There are wonderful aspects of living in most places. This is why Merri and I live in Florida, the Blue Ridge and Ecuador.

This is why I have been warning readers since the 1980s to never… ever… hide wealth.  Use legal means of attaining privacy.

These warnings have related mostly to Americans, British and Germans.  These have been the most determined and aggressive taxing authorities.

These warnings have been is a good thing too.  Here is one reason why.

A June 17, 2009 New York Times article entitled E-Mail Surveillance Renews Concerns in Congress shows even deeper concern, explains how bank privacy is really dead.   An excerpt from this article (a link to the entire article is at the end of this message) says:.

The National Security Agency is facing renewed scrutiny over the extent of its domestic surveillance program, with critics in Congress saying its recent intercepts of the private telephone calls and e-mail messages of Americans are broader than previously acknowledged, current and former officials said.

The agency’s monitoring of domestic e-mail messages, in particular, has posed longstanding legal and logistical difficulties, the officials said.

Since April, when it was disclosed that the intercepts of some private communications of Americans went beyond legal limits in late 2008 and early 2009, several Congressional committees have been investigating. Those inquiries have led to concerns in Congress about the agency’s ability to collect and read domestic e-mail messages of Americans on a widespread basis, officials said. Supporting that conclusion is the account of a former N.S.A. analyst who, in a series of interviews, described being trained in 2005 for a program in which the agency routinely examined large volumes of Americans’ e-mail messages without court warrants. Two intelligence officials confirmed that the program was still in operation.

In short not only is bank privacy dead… privacy is dead… morte… gone…finito.

These warnings seem to include Ecuador as well.

Two recent messages, one Ecuador & Banking about new Ecuador financial reporting regulations, and the other Ecuador & Social Security US Social Security regulations relating to those who live and work abroad.

These messages evoked a number of responses from readers asking “How would Ecuador’s tax man know what wealth I have abroad?” and  “How would the Social Security administration know  if I earn in Ecuador?”

My reply is “I do not know how they would know… but I do not do it and do not recommend this because one never knows what will happen!”

There are so many ways the future could be revealed us… but let me give you a clue of just one example where someone hiding wealth could be caught.

My last two Ecuador Living updates outlined details about Ecuador Bank ATM fraud where over 40 people had their accounts cleaned out and how the Ecuador banks immediately made the losses good.   See these updates as an Ecuador Living subscriber.

If there was a cooperation between US and Ecuador authorities investigating this fraud… details of earnings in Ecuador could end up in the US (including SS admin) and details of US wealth could end up in the hands of Ecuador authorities.

We are in a new era of privacy that I have watched unfold during 41 years of doing international investing and business.   Half a decade ago, this site sent this warning in an article The Ultimate Form of Financial Privacy

One should not hide money abroad and rely on bank privacy to protect them. Forget about government attacks. These are bad enough but I cannot begin to tell you the horror stories I have crossed in the past three decades in which bank privacy was blown by bank errors. For example, a London bank mistakenly mailed me the secret bank account of an Iranian diplomat who was hiding money in London. A Viennese banker inadvertently faxed me four pages of private information that could have put several people in serious trouble.  Even a Swiss banker once left his client list with names, addressees and account numbers laying on a table at a seminar were I was speaking with him!

In addition to the onslaught of governments to reduce privacy, there are just too many ways for your wealth to be revealed to use secrecy as a wealth protection tool.

Look for legal ways to keep your financial affairs private instead.

This is why, our friend and attorney, Joe Cox,  joined me and Jyske Global Asset Management (JGAM)  at the recent International Investment Seminar in Naples  Florida.

bank-privacy

Last month Merri and I co-hosted this  seminar with JGAM. Here is Thomas Fischer opening the seminar.

This is why Ecuador’s new financial reporting law and why the overseas Social Security regulations do not bother me much. This is just one more issue to deal with in an increasingly crowded and complicated world.

So let me reiterate what I have been writing for decades.

Bank privacy is dead.  Do not try to hide money.  Use as many legal tactics as you can to preserve your wealth…always keep it legal. This is a never ending game and the opponent… taxation authorities play hardball and they play rough.

Here are three valuable contacts who can help you maintain legal bank privacy.

Joe Cox, our friend and US attorney.

Floridalva Zambrano, our friend and Ecuador attorney.

Thomas Fischer, our friend and overseas banker.

You can get more information direct:

Joe Cox: jcox@coxnici.com

Copy Joe Cox’s  assistant April Barza to arrange a free conference call. abarza@coxnici.com

Floridavla Zambrano: FLORIFLORI58@YAHOO.ES

Thomas Fischer: fischer@jgam.com

Non US residents contact Reny Mathys instead of Thomas Fischer: mathys@jbpb.dk

These contacts know of each other and can help you create a coordinated plan between US Ecuadorian and international banking laws that maintains legal privacy and asset protection.

Plus keep your perspective. The sun shines somewhere everyday. It is the sun we should seek… not to avoid the clouds.

Merri and I love our life in the Blue Ridge… the rushing streams and…

ecuador-banks

the spring flowers peeking into our kitchen.

ecuador-banks

The greatest benefits to living globally  are broadened horizons… larger families, expanded experiences… deeper awareness of the infinite ways that beauty in life can unfold… not tax or privacy benefits.

We love our life in Florida here is a view from one of the houses in our house buying trip.

ecuador-banks

Plus we love our Andean family at Meson… everyone of them.

ecuador-banks

and the majestic mountain views from our condo there.

ecuador-banks

And we love walking Ecuador’s broad beach at our Pamazul apartment

ecuador-banks

We take any tax and asset protection our lifestyle brings, but the lifestyle is driven by the seeking of joy and wonderful living. The financial aspects follow.

One gains greater economic opportunity with global investing and business… bigger markets.. more distortions to see… additional trends to emerge.

Don’t diminish all the beautiful  sunshine with clouds of financial worry.

Regards,

Gary

We hope you’ll enjoy a beautiful global lifestyle with us soon in the Blue Ridge or Ecuador.

July 4-8 Ecuador Export Tour

July 8-9 Imbabura Real Estate Tour
July 10-13 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.

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.

Read the New York Times article: E-Mail Surveillance Renews Concerns in Congress shows even deeper concern, at http://www.nytimes.com/2009/06/17/us/17nsa.html

Brazil Multi Currency Opportunity


See how my multi currency course subscribers have been able to gain up to 50% in Brazil during 2009.

Many readers at this site know me best as Mr. Ecuador.  However recently some of our subscribers have enjoyed the biggest profits as multi currency investors in Brazil.

Though Merri and I have been investing, living and working in Ecuador for over a dozen years now, our greatest expertise is as multi currency investors as we are in our 41st year.

See below how multi currency investing brought us to Ecuador and how your interest in Ecuador can now bring you a free subscription to our multi currency course as I present a survivors guide to currency and market turmoil.

Those interested in Ecuador do not have to change currencies when they travel here because Ecuador’s currency is the US dollar.

This means they need to learn how to make your money go up as the US dollar and stock markets go up and down…

The US dollar has fallen… badly against major currencies like the yen, euro and Swiss franc for 37 years.  You can see this long term, steady decline of the US dollar in this chart from Grandfather.com.

multi-currency-debt

One reason for this fall is the growing debt in the USA.

Now this debt is even worse. Here is a picture from USA Today that shows how the US public debt  has just grown 12%.

ecuador-tickets

Even minor currencies such as the Colombian peso, and Brazilian real have risen steadily versus the US dollar… 25%, 50% since the early 2000s and more.

Until.. in 2008, the greenback suddenly zoomed up… as stock markets collapsed around the world. Now the dollar is falling again.

Sideways motion like this destroys most investors.

Yet there is a way to earn even in these worst times…by learning how to spot value…that turns turmoil and currency shifts into profit.

This is not just a problem for Americans either. The dollar’s downfall affects currencies all over the world and creates global economic turmoil. For the modern economy to operate in its current fashion some reserve currency is required.

Yet what currency would you choose…the Chinese yuan…the euro…gold, oil? Would you trust your life savings to speculate on that?

Of three things we can be sure.

First, The US dollar will fall more…much more.

Second, there will be confusion. Many…in fact most uninformed investors will lose…a lot.

Third there will be inflation…worldwide due to the excessive spending in the current global financial bailout.

Smart investors who know how to spot value in multi currency portfolios at some of the world’s safest banks have already earned 57%…120% …263% so even with the doom and gloom, they are still ahead.

More important these same investors have learned how to survive through turmoil.

My name is Gary Scott. I have been writing and publishing information about the falling greenback and how to earn from it though international investing for over forty years (since May 1968 to be exact).

Fortunately I stumbled across multi currency investing at an early stage and wrote a book about this clear back in the 1970s when the US dollar was first beginning to erode.

Since that time my books and reports have helped hundreds of thousands of investors find hot areas of value in every decade.

In the 1970s we helped our readers  find investments in gold & silver as well as investments  in the currencies of Japan, Germany, Switzerland, England, Australia and Hong Kong.

In the 1980s, the Tigers, Taiwan, Singapore Malaysia and South Korea, & Turkey were the places where our readers gained value.

The 1990s saw South America (which led me to Ecuador) as the place to invest.

The early 2000s offered great value in China, India and Eastern Europe.

We have helped readers find good value real estate throughout this time, first in Hong Kong, then London, Switzerland,  Isle of Man, Dominican Republic and now Ecuador as well as in Small Town USA.

We have also helped readers bet against the US dollar throughout these decades which as the chart above shows has worked well.

Finally in the early 200os we began helping readers find good value green investments.

I would like to offer you a valuable real time emailed course that teaches how to invest in multi currency portfolios plus how to sometimes use leverage in these portfolios to create extra profits.

Sleepy Safe Portfolios Can Earn Over 100% Per Year

Multi currency investing does not require any fast trading techniques.  Multi currency portfolios are normally slow and sleepy investments…not currency contracts or futures speculations.  Most multi currency positions are aimed with a five year horizon…pretty sleepy compared to people who trade currencies (an entirely different and far riskier technique).  For most of us, slow and sleepy means SAFE!

Yet multi currency portfolios can be really profitable as well.

How sleepy and how safe?

Let’s look first at sleepy.

In 2006 we created an Asian multi currency portfolio consisting of just five award winning mutual funds.

We did not touch the entire portfolio for an entire year. Then after one year we made just five changes…dropping two mutual funds and adding three other mutual funds. Then we did not make another single change. That’s pretty sleepy, choosing a handful of mutual funds and making only five changes in two years.

How safe?

The portfolio was chosen with the help of one of the world’s safest banks and the mutual funds were held at that bank at all times.

Okay. Here is the big question. How profitable?

In the first year (2006) this portfolio rose 114.16%. Then we made the five changes mentioned (two funds dropped and three added). In 2007 this portfolio rose 122.62%. 2008 was a disaster year which we will look at in a moment.  But when your portfolio is over 200% in two years, it takes a lot of disaster to lose.

Suppose we get more specific.

That safe bank is a Danish bank. That’s good because in recent years Denmark has been rated by Standard & Poor’s as one of the safest country in the world in which to bank

The bank is Jyske Bank…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. The Danes have always been big currency traders because as a small naval country surrounded by England, Sweden, Finland, Russia, Germany, Norway and other countries…they have always had to deal in many currencies.

This historically gained expertise means that unlike most banks (that trade only eight hours a day) Jyske maintains a 24 hour global currency and commodity dealer service. 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.

Let’s address this issue of safety in more detail. Normally this is a pretty moot point. Right now everyone is concerned. Is a bank safe or not? I like Jyske from a bank safety point of view because there are three bank safety points, from the top down.

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: Jyske Bank is Denmark’s second largest bank.
On October 10 2008, Moody’s affirmed Jyske Bank’s long-term Aa2 rating stable 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.

That’s safe!

I happen to know Jyske Bank because I began using them (as my bank) over 20 years ago. They are one of the few banks that offers a special multi currency portfolio service for investors from almost anywhere in the world.

I was one of the first writers and publishers to begin writing about multi currency investing. Jyske bank was one of the first banks to offer a multi currency portfolio service…and they were my bank.

Not surprising we got together and have created a strategic alliance that can help you learn how to create multi currency portfolios that suit you.

My multi currency course helps readers learn how to find good value and develop multi currency portfolios that suit their specific circumstances.

Before I explain how you can use this course, let’s look at both the up and down side of these high performing portfolios?

The course provides two levels of education. Part one gives readers an extensive beginner’s guide to developing multi currency portfolios.

Part two is unusual and neat.  Part two educates in real time. We create multi currency portfolios and track them real time.  The education comes from dissecting and discussing the portfolio results.  This is a totally novel way to learn…real time from real portfolios created by some of the best investment managers in the world as these portfolios rise or fall in the market place…in the here and now.

Jyske Bank assists by providing all the portfolio details.   Our symbiotic relationship allows me to combine my experience with this bank’s incredible knowledge, real time capability and expertise so course subscribers can learn in a most practical way from some of the greatest multi currency experts in the world.

Here is our educational performance over the past few years.

We created five portfolios for educational purposes on November 1, 2005. One of the five multi currency portfolios was the Asian Emerging Multi Currency Portfolio. The portfolio started with a $100,000 investment and a $200,000 loan in Japanese yen (more on the loans in a moment).

This gave us $300,000 to invest in this portfolio.

Amount

Currency

Investment

75,000

Rupee

Jyske Invest Indian Equity Mutual Fund

75,000

Yuan

Jyske Invest Chinese Equity Mutual Fund

75,000

Yen

Jyske Invest Japanese Equity Mutual Fund

75,000

Multiple

Jyske Invest Emerging Market Bond Fund

Investments Total Value 300,000.00

Invested $100,000

Loan $200,000 100.00% JPY at 1.63%

Loan cost for one year $3,260.

This portfolio diversified into bonds and equities throughout Asia ..very multi currency.

Chinese yuan, Indian rupee, Japanese yen and more.

Twelve months later the portfolio was worth $417,420. Paying off the loan cost $203,260 leaving $214,160 or $114,160 (114.16% profit) on the $100,000 originally invested.

On November 1, 2006 we made the five changes mentioned above. We dropped the Japanese equities and emerging market bond mutual funds and added an Eastern European, Far Eastern and Turkey equity mutual funds. This is how the rearranged portfolio stood.

Amount

Currency

Investment

75,000

Rupee

Jyske Invest Indian Equity Mutual Fund

75,000

Yuan

Jyske Invest Chinese Equity Mutual Fund

75,000

EUR

Jyske Invest Eastern European Equities

50,000

Asian

Jyske Invest Far Eastern Equities

25,000

Lira

Jyske Invest Turkish Equities

Investments Total Value 300,000.00

Invested $100,000

Loan $200,000 100.00% Czech Koruna at 3.875%

Loan cost for one year $7,750.

As promised this portfolio only had five changes. We swapped the Japanese equity fund for a Eastern European equity fund and dropped the bond fund replacing it with a Far Eastern and Turkey equity fund.

May I, at this point, interject a note about Jyske Invest fund managers. They are a Danish firm and are the investment management affiliate of Jyske Bank. This rock solid organization uses a good value system have been rated #1 by Morningstar. They use this value system to select shares in their mutual funds and we place these funds in our multi currency portfolios because they are strictly regulated by the Danish government and have such an excellent record…because they focus on finding value, not market timing.

So how did this new updated portfolio do? From November 1, 2006 to October 31, 2007 the fund rose in value from $300,000 to $430,370. The loan payoff of $207,750 leaves a profit of $222,620 or a rise of 122.62%.

There you have it, a safe sleepy portfolio created at and held in one of the world’s safest banks. With only three trades in two years the performance has been up 114.16% in year one and up 122.62% in year two.

I am sure that when looking at performance like that you are thinking “how did the other portfolios do?” Good question and your suspicions are correct…some of the other portfolios did not rise this much.

Yet believe it or not some portfolios did even better.

For example the 2007 Green Portfolio consisted of six shares and rose 266.30%!

Here is the exact performance of all five portfolios for the last two years.

2006 Portfolio

US Dollar Long

9.04%

US Dollar Short

10.43%

US Dollar Hedge

11.46%

Emerging Market

42.93%

Asia Emerging Market

114.16%

2007 Portfolios

Dollar Neutral

38.67%

Dollar Short

48.19%

Swiss Samba

53.32%

Asia Emerging Market

122.62%

Green

266.30%

You can imagine with performance like this attracted quite a bit of attention…and it did.  However these high returns are not the important benefit you gain with our multi currency course.

Our course does not recommend nor manage portfolios.  We did not suggest that any single reader invest in any of these portfolios. The portfolios are educational and designed to help readers work with their own investment manager to create their own multi currency portfolio that suits their own special, individual needs.

Our multi currency investment course helps readers learn how to manage their manager… nothing more.

Yet this is incredibly valuable because Jyske Bank can provide a stable and safe institution for those who wish to employ a multi currency strategy.

The course helps guide readers so they can direct any investment adviser or investment manager who understands how to invest in more than one currency.

The course also helps you manage risk. The incredible portfolio performance above was achieved because the portfolios were leveraged using a tactic we call a multi currency sandwich. Investors borrow low and invest in yielding or growth portfolios. The portfolios used loans in Japanese yen and Swiss francs to magnify profits in good times.

The course teaches how these loans can magnify losses in bad times as well.

For example look at the performance of the leveraged portfolios we created to study from November 2007 through September 2008.

2008 Portfolios

Infrastructure Portfolio

-112%

Blue Chip Portfolio

-79%

Danish Health Portfolio

-92%

Asia Emerging Market

-73%

Green

-56%

Leverage in 2008 caused the portfolios to lose badly…in one instance the total portfolio was lost!

The multi currency course is useful because it helps investors not to expect rising markets all the time.

The power of studying markets real time, as they unfold, wards off false expectations.

The course helps subscribers learn how to look ahead and act rather that react (after the fact when it is too late).

The sad fact is…we all have to become multi currency investors.  Trusting your fate to any one currency now can destroy your purchasing power.    Every investor needs to know what to do!

The course helps spot when to leverage good times and when to retract for the bad.  he idea is to cash in when the going is good and then withdraw.

For example in early August 2007…well before the market crash….our study of the market began to show increased risk.  Our first warning lesson said:  “We have enjoyed two years of enormous growth.  Periods of high growth are normally followed by periods of low growth.”

August 17, 2007 a lesson said: “The numbers are close enough that we could be entering the fourth sub cycle down (similar to 1976 to 1978). If so expect a sustained drop in markets for two to three years.”

On September 21, 2007, a lesson said: “equity markets dropped again violently last month. Now these markets have recovered again. Yet this may be a last gasp party.”

An October 14, 2007 lesson stated:  “We never know for sure when an upwards cycle will stall. Fundamentals look good for a bright 2008 in emerging and equity markets, but this can change quickly so to give our readers a better perspective, this year we are reducing leverage and adding a sixth portfolio with no leverage to study”.

The October 15, 2007 lesson reviewed how leveraged investments rise and fell faster than investments without leverage.

The lesson on Oct 26, 2007  saved many investors as it was entitled Leveraged Investments Gone.  Just before markets started to head south this lesson warned: “I have had only about 10% of my portfolio leveraged. Compare this to 200% for the Green Portfolio (which is up 265% this year). Now I have none.

So a lot of my portfolio investments are basically in a multi currency portfolio of bonds…mostly in pounds, Swedish and Danish kroner. The equities I hold are mainly in Europe and I do not leverage equities…especially after markets have risen so much. Periods of high returns are normally followed by periods of low returns. These facts, plus my belief that numerous economic woes are rising and my recollection of Oct 1987 leave me wanting to reduce risk in my equity portfolio. So now I have eliminated all my leverage.”

The next lesson warned again: “Okay it’s time to turn the burner down.”

A November 8, 2007 Black Friday lesson reviewed  all the warnings above again and more.

The course also helps readers find ways to spot unusual distortions that profit even in bad times.

For example  lessons  on April 18 and April 27 2009 looked at the benefit of investing in Brazilian currency bonds.

This lesson led to a quick profit.

Here is an excerpt from our June 12, 2009 lesson:

Based on these ideas and those presented in the April 18 and April 27 lessons we looked at why Brazilian bonds made good sense in the LONG TERM.

Sometimes we get lucky though in the short term… as we have now.

Brazilian bonds have made a sudden jump up!   Those who have invested in them have made as much as 50% (in US dollar terms) this year.

Yet the distortion we’ll review below shows how there is even more dollar denominated profit potential ahead.

Last week the Brazilian central bank lowered key interest rates to 9.25%.  This will likely send the price of  Brazilian real denominated bonds up.

The central bank has stated that there could be more rate cuts, but they will be smaller.

This is positive news plus Brazilian inflation has declined to 5.2% from 5.53% in April 2009.

When you take into account the high interest of the real, the rise in value of bonds and the rise of the real you can see the potential.

Brazilian real bonds have risen nearly 30% since the beginning of the year…  in terms of Euro!

This is where there is another huge distortion.  The real has not risen anywhere near this much versus the dollar.

The charts from finance.yahoo.com below show the distortion.

In the last three months the US dollar has dropped from $1 = 2.30 BRL to $1 = $1.97 (- 14.3%) versus the Brazilian real as this chart shows.

brazil-distortion

In the last three months the euro has dropped from 1 euro = 3.05BRL to 1 euro = 2.60 BRL (-13.5%).   This correlation of the euro and dollar would seem normal except…

brazil-distortion

as the chart below shows, the euro has risen from $1 euro = $1.28 to 1 euro =$1.40 a 9.27% rise versus the US dollar.

brazil-distortion

In addition the Brazilian central bank has had to intervene several times in recent months to avoid the Brazilian real being too strong against the euro.

Traditionally the real has had a strong correlation with the dollar but the recent weakening of the buck versus the dollar has not spilled over into the Brazilian real.

In other words. The real is up against the euro almost 10% more than against the dollar.  This is called a cross rate distortion and means that one of two things is likely to happen.  The dollar will rise versus the euro or  the dollar will fall versus the Brazilian real.

Given the fundamental US fiscal weaknesses that could push the dollar down, I am bullish on the real rising more versus the dollar and this makes me bullish about Brazilian real denominated bonds.

Always remember the basic rule though is to never speculate more than you can afford to lose.   A US dollar – Brazilian real sandwich is worth discussing with your portfolio manager or adviser now but could creates losses as well as profits.

I have not leveraged my Brazilian bond investment. Based on this data I instructed JGAM to increase me Brazilian bond holdings.

If you are using Jyske Bank, and are a non US citizen or resident, or a US citizen living abroad, you can simply have the bank purchase Brazilian bonds and lend you the funds (within the bank’s loan to asset restrictions).   Non US citizens contact Rene Mathys for more details at mathys@jbpb.dk

US citizens should contact Thomas Fischer at fischer@jgam.com

If you are a US citizen resident in the US and have an advisory account with JGAM, they may not be able to buy Brazilian bonds for you.  They could  buy the US traded ETF “The WisdomTree Dreyfus Brazilian Real Fund.” (BZF)

These three lessons (April and June 2009) helped many readers cash in on an unusual value!

I would like to invite you to enroll in our multi currency investment course and to also receive a nine lesson report that covers basics and fundamentals of  multi currency investing.

This nine lesson report has been read by tens of thousands of investors over the years.   This report sells on its own as a survivor’s hand guide to currency turmoil for $79.  I’ll email it to you free when you enroll in our online course.

The course is emailed to you regularly and studies stock, bond and currency markets worldwide, real time, as they unfold.

I believe, from the response of tens of thousands of readers over the last 20 years, that you will gain enormously from the course.

Our course helps you learn  why and where to invest and learn why and how currencies and interest rates rise and or fall.

The initial nine lesson report I’ll email you free also shows how to calculate and manage leveraged risk and how to decide if and when to leverage or not.

Is this course for you?

Everyone needs to know how to have multi currency diversification. But in case this course does not help you, we provide a 30 day “completely satisfied or your money back” guarantee that we have offered our hundreds of thousands of readers for more than 20 years.

Our Multi Currency Educational Service is a mere $175 for a very long and educational year! Won’t you share this exciting world of wealth accumulation with us and our readers around the world? Multi Currency Educational Service

Gary Scott

Multi Currency Portfolios Course. Subscribe

Or enjoy this multi currency course for a year free!  Here is how you can save $175.

We enhance our emailed courses with regular international investing and business seminars that I conduct in coordination with Jyske Bank and Jyske Global Asset Management.

Here I am at our last seminar in Naples Florida (may 2009).

multi-currency-debt

The speakers at the Naples seminar discussed prospects for the economic future.  Left to right: Samuel Rachlin,  Rich Checkan, Steve Blumenthal, Joe Cox, John Mauldin, Gary Scott, Lars Stouge. Thomas Fischer Moderating.

The 115 delegates reported that they really gained from listening to what we had to say and…

brazilian-bond-distortion

talking among themselves during the coffee brakes and at meals.

brazilian-bond-distortion

One benefit of these seminars is talking to an overseas banker.  Here I am at the Naples  seminar  with my Jyske account executive Anders Nielsen.

brazilian-bond-distortion

Thomas Fischer of Jyske Global Asset Management will join us for the July North Carolina seminar.

I invite you to attend this July course. If you enroll between now and July 1st, I’ll also enroll you in  our emailed multi currency course free. You save $175.

Enroll in our July 24-26 International Investing and Business Made EZ course here

Here is Thomas speaking to our delegates at a previous course.

brazilian-bond-distortion

Enroll in our emailed Multi Currency Portfolios Course for $175  here.  Subscribe

Save $175!  Receive the emailed course free when you Enroll in our July 24-26 International Investing and Business Made EZ course here

Here is what a few others from around the world have said about our services and reports on international investing.

“ Gary , I am a long time subscriber in various media, and while cleaning out my files today I found some old ‘Gary A. Scotts World Reports’. In particular, the April 1988 issue provided the info that made me over a million dollars. Just wanted to say a belated ‘thank you’ and please continue the excellent work. Warm regards,”

From an Unknown Reader

“Dear Gary, I would like to give thanks to you for introducing me to Jyske Bank two years ago.

“I have been a long-time client of Merrill Lynch, but am in the process of re-evaluating my relationship with the largest brokerage company in the world. My problem is that when I compare Merrill to Jyske, Jyske outshines Merrill (or other major U.S. brokerage firms) in most categories as follows:

“1) Even though Jyske is much smaller, it has a much more global perspective which is critical in an evermore global investment environment.

“2) In order to maximize their own individual revenue, the brokers at Merrill prefer to outsource the day-to-day management of their accounts to various fund managers and hence, ‘manage the managers’. In contrast, I can call my Account Manager at Jyske and he can discuss every aspect of my account in detail with me.

“3) I attribute this difference in #2 to the fact that Jyske’s employees are not compensation driven, but instead are focused on satisfying their customers. That is why Jyske’s clients stay with the Bank on average for 12 years, which is phenomenal by Wall Street standards.

“4) Jyske’s security is far more stringent than that of Merrill’s. In addition to the standard account code and password, to pass through Jyske’s security one has to enter a Key Card number and also a randomly-generated 4-digit number from said Key Card.

“5) Having an account offshore allows me to sleep better given the anxious times we live in. Since I report the existence of the account and pay all taxes due, I am fully compliant with the law. However, such an account gives me and my family a ‘financial life boat’ should events in our own country ever get out of hand.

“As Dorothy Parker once said, ‘You can lead a horse to water, but you can’t make them THINK’. Jyske is a thinking person’s bank. My only complaint is the time zone difference since I live in California . However, since I am an early riser and my Account Manager is very responsive to my emails, this problem is very small relative to the HUGE benefits.

“Again, many thanks for introducing me to Jyske Bank. Given the ‘dumbing down’ that occurs in the popular media today, your ezine and its recommendations are ever more important. Please continue your good work to enlighten your readership.

“Warm regards,”

C.M. CALIFORNIA Businessman

“I was so overwhelmed with information I received I had to spend several days reading, sorting and filing it! I have decided to move my modest investment capital overseas.”

B.W. MONTREAL CANADA Professor

“Send me your report on safe banks lending at 7% for redeposit at 13% or more.” B.V. ADDIS ABADA ETHIOPIA Economic Commission United Nations

“A number of new and significant contacts were made. It would be extremely helpful if you could supply us with WORLD REPORTS.” I.M. TORONTO , CANADA Banker

“You are as good as your word which is rare these days. I look forward to attending one of your seminars.” C.K. GENEVA , SWITZERLAND Banker

“In spite of my marketing experience, your information really got me going!” M. C. LONDON, ENGLAND Marketing Consultant

“Thanks for the three reports. They are very interesting and should find many readers here in Japan .” M.A. Tokyo , JAPAN Computer Programmer

“I would like to say how much I enjoyed the information I received.” A.B. Providenciales TURKS & CAICOS Accountant

“First let me say how much we enjoyed the investment seminar.” W.J. SAUDI ARABIA Oil Engineer

“Once again thanks for all the great information.” G.K. PERTH , AUSTRALIA Insurance Executive

“Your letter of November 8th warned me to beware of the market just a week before the 120 point crash on November 15th!” T.G. N. CAROLINA Pilot”

Won’t you join us as we learn from our Multi Currency Educational Service? Just a mere $175 for a full 12 months of valuable, wealth building education.

Enroll in our emailed Multi Currency Portfolios Course for $175  here.  Subscribe

Save $175!  Receive the emailed course free when you Enroll in our July 24-26 International Investing and Business Made EZ course here

Multi Currency Investment Seminar


The Multi Currency Investment Seminar conducted by Jyske Global Asset Management will be conducted  May 29 through 31. Details on this multi currency seminar are below.

Learn how to gain free attendance at this multi currency seminar and save $499 or $750.

Thomas Fischer wrote: Hi Gary,  I have spoken with the hotel you recommended  (Naples Beach Hotel) and they have offered me a rate of $159 excluding taxes so this is where we will have the seminar.

At the moment I have the following confirmed speakers:

Yourself
Michael Checkan
Joe Cox
John Mauldin

We will have four of our own people and perhaps a couple more.

Also as of today we can accept IRA and 401K’s at JGAM. We will create 3 new portfolios (low-medium-high risk) taking into account that tax is not an issue.

Here are the details:

Jyske Global Asset Management & Gary Scott  Invites you to participate in our Florida spring multi currency investment seminar .

When: 29-31 of May 2009

Where: The Naples Beach Hotel & Golf Resort
851 Gulf Shore Blvd North
Naples, FL 34102
239-659-430
http://www.naplesbeachhotel.com/

Multi Currency Investment Seminar Details:

DAY 1 MAY 29th
•    Evening Cocktail party

DAY 2 MAY 30th
•    All day presentations with scheduled breaks
•    Dinner

DAY 3 MAY 31st
•    Half day presentations
•    Lunch and Farewell until next time.

Multi Currency Seminar Fee: $499. ($750 for a couple)

Learn how to gain free attendance at this multi currency seminar and save $499 or $750.

Accommodation is to be settled directly with the seminar hotel.  Corporate rate for guests staying at the seminar hotel The Naples Beach Hotel & Golf Resort is $159.00 plus taxes. Please book directly with the hotel using the group name “Jyske Global Asset Management”  Reservations: 1-800-237-7600

Registration:    Please contact your Portfolio Manager or Thomas Fischer via email fischer@jgam.com tel. +1 866-602 –5426 (free-call).

Learn how to gain free attendance at this multi currency seminar and save $499 or $750.

Merri and I feel privileged to participate in this multi currency seminar and I want to mention the quality of the other speakers. I am really tickled to know each of these speakers so well.   This allows me to state with confidence that the data shared at this multi currency seminar will be really powerful.

John Mauldin: John is President of Millennium Wave Securities, LLC, an FINRA registered broker-dealer.  I have known and worked with John Mauldin for more than 20 years.  John came from a publishing background and specialized in finding money managers for his clients, with an emphasis upon hedge funds and alternative managers.  As an afterthought, in late 2000, he put his newsletter on the internet, starting with a thousand or so readers. It has grown to the point where today, his publisher sends the letter to over one and a half million readers each week. Compare this to my readership of 15,000 readers!

Michael Checken: Michael Checkan is President of Asset Strategies International, Inc. and I have known him even longer than John as he specializes in precious metals, foreign currencies, and overseas wealth protection.

I forst knew Michael when he was a Vice President at the Deak-Perera Group whihc in the 1970s was the nation’s oldest and largest foreign currency and precious metal investment firm.  Earlier, Michael was one of the first foreign exchange traders in the international department of one of Washington, D.C.’s largest bank.

Michael and his partners are editors of a newsletter that reaches 16,500 readers globally.  Michael is frequently quoted on TV.

Joe Cox: Joe has been my freind and attorney for more years than I care to remember.  He specializes in estate planning, insurance, trusts and taxation. He received a Juris Doctorate from the University of Tulsa School of Law, and a Master of Laws in Estate Planning from the University of Miami, School of Law. Joe is Board Certified in Estate Planning and Administration and in Taxation by the Florida Bar.

In addition to the Board Certifications, Joe is a Fellow in the American College of Trust and Estate Counsel. He is a member of the American and Florida Bar Associations, and is admitted to the Federal Appellate Courts and the United States Tax Court. Joe is a frequent speaker on tax planning topics such as income taxes, insurance trusts, irrevocable trusts and offshore asset protection trusts. He has also written articles and books concerning income tax and irrevocable trusts.

Joe is listed in Who’s Who in America and Who ‘s Who in American Law. Chosen by Florida Trend Magazine as one of the top 1.6% of lawyers in Florida and one of the top 34 Wills, Trusts, & Estate Planning lawyers. Chosen by Worth Magazine to be one of the top 100 attorneys in the Nation.

Among his community commitments, Joe has served many organizations in a leadership position. These include: Naples Community Hospital, Community Foundation of Collier County, YMCA of Collier County, Community School of Naples, Alzheimer’s Association, Forum Club, Senior Friendship Centers, Inc. He was named the Child Advocate of the Year.

To attend, please contact your Jyske Portfolio Manager or Thomas Fischer via email fischer@jgam.com tel. +1 866-602 –5426 (free-call).

Learn how to gain free attendance at this multi currency seminar and save $499 or $750.

About Jyske Global Asset Management Company (JGAM)

JGAM is an independent, but wholly owned subsidiary of  Jyske Bank… a well established bank 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 multi currency traders in the world. The Danes have always been big multi currency traders because as a small naval country surrounded by England, Sweden, Finland, Russia, Germany, Norway and other countries…they have always had to deal in many currencies.

This historically gained multi currency expertise means that unlike most banks (that trade only eight hours a day) Jyske maintains a 24 hour global currency and commodity dealer service. 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.

Let’s address this issue of safety in more detail. Normally this is a pretty moot point. Right now everyone is concerned. Is a bank safe or not? I like Jyske from a bank safety point of view because there are three bank safety points, from the top down.

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: Jyske Bank is Denmark’s second largest bank.
On October 10 2008, Moody’s affirmed Jyske Bank’s long-term Aa2 rating stable 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.

That’s safe!

I happen to know Jyske Bank because I began using them (as my bank) over 20 years ago. They are one of the few banks that offers a special multi currency portfolio service for investors from almost anywhere in the world.

I was one of the first writers and publishers to begin writing about multi currency investing. Jyske bank was one of the first banks to offer a multi currency portfolio service…and they were my bank.

Not surprising we got together and have created a symbiotic relationship that can help you learn how to create multi currency portfolios that suit you.

Learn how to gain free attendance at this multi currency seminar and save $499 or $750.

Gary

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.