Tag Archive | "fresh food"

Cotacachi Tours


We have over two dozen Cotacachi & Ecuador tours and courses scheduled in 2009. Many have asked what they are like…so let’s take a tour of the tour…then I’ll share an investing tip.

Our November International Business & Investing course began yesterday…so we’ll follow this group. This is a typical schedule…beginning with a course, then followed with an Adean real estate tour and concluding with a real estate tour on the Ecuador coast.

We try to schedule three courses together like this so delegates can choose one two or all three tours…whatever works best for them and this allows us to provide substantial discounts on the second and third tour.

Most delegates arrive in Quito the night before. Alberto, Steve and a few of our staff drive up to meet everyone and deliver them to a hotel (usually Hotel Quito or Radisson – we negotiate a discount for everyone so the hotel that offers the best deal gets the business) where they spend the night.

Next morning they all meet and have a ride around Quito before heading north to Cotacachi.

Before the main group is arrives, the staff at our Inn goes into hyerdrive bringing in fresh food. Here is our manager Franklin with makings for fresh vegetable soup.

Cotacachi Ecuador Tour

Consuelo and her helper follow.

Cotacachi Ecuador Tour

They fill up the bodega. Here is our chef Santiago checking the inventory.

Cotacachi Ecuador Tour

while his assistant Alberto starts the soup.

Cotacachi Ecuador Tour

A few early arrivals are already in the courtyard waiting and talking. Here a couple are discussing economics with Peter Laub of Jyske Bank.

Cotacachi Ecuador Tour

Eduardo and his assistant, prepares juice and quinoa cake for everyone to enjoy.

Cotacachi Ecuador Tour

This time Eduardo has created a mango alfalfa drink..delicious.

Cotacachi Ecuador Tour

Finally the bus arrives.

Cotacachi Ecuador Tour

Delegates disembark and the courtyard comes alive.

Cotacachi Ecuador Tour

Many friendships are made. Guests dine, sit round the fireplace and discuss what they expect…what they want…what they think we’ll learn.

Tomorrow we begin next door in the Museum’s meeting room at nine.

Cotacachi tours

Our hotel, of course, is fully booked so we place delagtes at La Mirage, several hostels as well as condos near the hotel.

Subject matter in the course begins with global economics and were to invest now. We have several speakers who join me. In this case Peer Laub of Jyske Global Asset Management (JGAM).

We look at the long term economic fundamentals at work and how investors can react now.

This week JGAM pointed out:

The main attention this week was the US presidential election. Up to the election we saw markets in Asia acting with euphoria due to positive signs of improved conditions in the credit markets as well as the prospect of Obama winning office. Europe and Wall Street continued with the positive sentiment and Tuesday became the strongest presidential election day rally in history. After the election celebrations, markets woke up to the outlook of a severe economic contraction and the euphoria turned into panic selling, with declines up to -10% over two days. Bank of England (BoE) chocked the market Thursday with an aggressive cut of 150 basis points on the key interest rate. This move sparked a mid day rally for 45 minutes until the European Central Bank (ECB) disappointed the market with only a 50 basis point reduction. The EUR/USD has been very volatile over the week ranging from 1,2520 to 1,3120 now trading at 1,2797. We anticipate other central banks to follow the US and EU with reductions over the next few weeks. “

Then we looked at how this volatility and lowering interest rates would create opportunity in bond markets…my message was “a golden bond opportunity is coming.”

Today we will be lookng at this as the course continues.

Until next message good global investing.

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

We’ll visit the Otavalo markets.

Ecuador-Project

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

Cotacachi-meeting

Courses are centered around this open air courtyard in our colonial inn El Meson de las Flores.

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

You are also invited to tag along to the beach where we visit all types of Ecuador beach property for sale. Here is one f our previous tours enjoying a visit to Vistazul condos.

Ecuador-Project

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

Multi Currency Survival Lessons


There are multi currency survival lessons in this last week’s news.

Look at last week’s headlines from several leading financial publications.

A New York Times September 17, 2008 article entitled: “Risk aversion sparks mass flight to bonds” by Rachel Morarjee:

“Bonds are more popular with investors than at any time during the last decade amid a huge flight to safety in turbulent markets, Merrill Lynch’s monthly survey of global fund managers has found.”

Financial Times, Friday, September 19, 2008 entitled: “Stocks soar on rescue hopes”:

“The creation of a giant US government-sponsored vehicle to take on toxic assets looked possible as Treasury secretary Hank Paulson, Fed chief Ben Bernanke and top lawmakers convened a dramatic meeting to discuss the financial crisis. The move sparked sharp stock rallies in Europe and Asia. Regulators in the US and UK moved to curb short-selling of stocks.”

Monday, Sept 22, Wall Street Journal entitled “Stocks plunge amid bailout fears”
by Francesco Guerrera, Henny Sender and Michael Mackenzie in New York and Krishna Guha in Washington:

“The US financial system was shaken by fears that a $700bn government rescue plan might not be enough to end the financial crisis on Monday as stock prices and the dollar tumbled, oil soared and once mighty Wall Street names turned to Japan to safeguard their future.”

This up and down motion in markets is what destroys most multi currency investors. Such up and down news can be hard to ignore but this is exactly what smart multi currency investors do….ignore them.

Yesterday’s message (see it at Multi Currency Trust if you missed it) reviewed the asset allocation of my portfolio.

That review showed how I made very little change in the last year except to add cash and real estate..a plan started BEFORE the crash.

Wise multi currency investors act on fundamental economic principles. Wise multi currency investors do not react to short term market fluctuations. Wise multi currency investors have a set of rules that pertain to reality and integrate reality with their individual circumstances.
Unless one is a trader (a very special occupation that should be practiced by very few) these rules should rarely change during fluctuations.

Here are seven simple multi currency rules that I use. I think they are wise…so far they have worked pretty well for me.

#1: There is always opportunity in value. Look for value in good times and bad. The best value and opportunity is normally found in bad times.

#2: Markets are efficient and dependable long term because they are ruled by universal laws.

#3: Markets are never predictable short term because they are ruled by human emotion.

#4: Times of high performance are followed by times of low performance and vice versa. The current downturn has not only been totally predictable but should have been expected by all.

#5: Always live beneath your means.

#6: Never borrow more than you can afford to lose.

#7: Everything is always in perfect order. Wise multi currency investors focus on spotting that order rather than worry about what they think the order should be.

Here is what is happening and what will happen.

Money should represent production or a change in supply and demand. When money represents production, it is money of value. If a person does something productive, creating a product or service, this creates value.

If supply and demand alters…for example if there are more people and no more land, then the land grows in value.

Money should only be created to represent production or such change.

Yet when markets are overheated, prices rise beyond reasonable value. This creates money without production. When people seemingly become rich because the price (not value) of a share they hold or a house they own skyrockets, this is the creation of money…that is without value.

If left alone, markets correct themselves (see rule #2 above). They rise…then become overpriced…then correct. However when governments intervene and do not allow the correction that should take place, to do so, by creating money without value, then the purchasing power of the money without value falls.

Both US equity and real estate markets have been overpriced. People used the imagined (but not real) value as collateral to borrow money. The borrowed money has been spent buying goods from abroad. This seemingly created more money abroad.

All of this money was not supported by value.

Now the markets are correcting and as the equities and properties return to their real value, the collateral has disappeared. The houses and equities appear to be worth less than they were before. Actually they never were really worth more.

Nevertheless the amount borrowed against them is more than the equity or property is worth. This is called negative equity.

This makes it seem as if money is disappearing. Actually the money never existed.

What should happen is that people who previously appeared to be rich just because they help a property or equity should now lose that appearance. However since these people indebted themselves with their previous appearance, they (nor their lenders) want this appearance of wealth to disappear.

Governments create money so the appearance of wealth remains. Yet no real wealth is created. The money without value that is created loses its purchasing power. This is called inflation.

If just one country is creating money without value (such as the US), a simple investing strategy is to invest into other currencies. However when many countries are creating no value money, there are three places left to invest.. products and services (equities or your own business) …raw materials for products and services (commodities)… or real estate which is required for all business.

We are looking at strategies on how to blend these investments in our Multi Currency Course now. You can subscribe here.

Some property becomes more valuable that others for a variety of reasons.

For example changes in the supply demand fundamentals of oil have enhanced demand for ethanol.  This has altered the supply and demand fundamentals of land that produces food. My belief (in which I am investing) is that this type of land will grow in value.

This is why I have been adding farm land such as our North Carolina farm (a shot of upper meadow is just below) as one of our biggest asset classes. I believe this land will increase in value because it allows those who live on it to produce their own food.

farm colors

This is also why I like land such as these condos being built on Ecuador’s coast.

multi-currency-value-beach-condos

They are very inexpensive (as little as $79,000 for a 1,200 square foot two bedroom, two bathroom unit) and have wonderful sunset views like this.

For details on these condos contact Thor Anderson at thor@sanclementeecuador.com

multi-currency-value-view

Yet I believe that their value will also increase because they are close to the fishermen who still keep their boats on the beach. These boats are right by the condos.

multi-currency-value-fishermen

So I can buy fillets from this dorado or other prime fish for $1 a pound!

multi-currency-value-fish

This is also why like property in the Andes like these 1,200 square foot two and three bedroom and two bathroom condos for as little as $46,000.

multi-currency-value-andean condos

They are surrounded by inexpensive, rich farm land, like this, tilled by low cost farmers…so good fresh food is available. I believe this will enhance the property’s value.

multi-currency-value-real estate

We will also review strategies on how to gain extra opportunity in the current turmoil at our October International Business and investing course next weekend October 3-5, 2008.

Change, as we are seeing taking place now, is not something bad, but  is part of the eternal flow of commerce, the tensions of supply and demand and the torsions created by frequencies that are life itself.   There are always times that destroy some investors and make others rich.  The old guard is aways giving as the new begins to emerge.  All that may differ now is acceleration.  As we saw in yesterday’s message maybe the market will once again bolt upwards.  Perhaps the market will slide more.  This may even become the perfect economic storm.   Whatever happens, it is likely to be choppy and fast…conditions that sink even the best sailors…and investors.

Those who plot a steady course compassed by value and anchored by a recognition of illusion and reality are those who will emerge as the next rich generation of wealth.

Until next message, may every lesson you gain be good.

Gary

I’ll review my entire portfolio and all this thinking next weekend. October 3-5 in North Carolina at our International Investing and Business Course. Why don’t you join me.

The course was fully booked but we had many late applications and have have moved to a larger meeting room so still have space.

Join me with Thomas Fischer of Denmark’s Jyske Global Asset Management, who was a currency trader for years to review our multi currency portfolio thinking for the year ahead.

To help our subscribers meet and learn, we are giving all delegates at the North Carolina course a FREE year’s subscription to our online multi currency course. This is a $249 value.

This will not be all work-no play. We selected this particular weekend as the most likely to be beautiful with the autumnal leaf change. The colors are glorious.

autumn-gold

Here delegates at a previous course chat during a coffee break.

blue-ridge-leaf-change

Gary

Join us in North Carolina next week end October 3-5 and save $249. Enroll here.

Or join us in November to inspect Ecuador property for sale

Vistazul-Ecuador-beach-condos-model

Our September 17-20 Ecuador Coastal Real Estate Tour; Quito Real Estate Tour was sold out as was our September 28-29 Imbabura Real Estate Tour was sold out.

Our Oct 14-18 Ecuador Import Export Course only has a couple of spaces open.
https://www.garyascott.com/catalog/ecuador-import-and-export-tour

We still have space in November

Join us in Cotacachi at El Meson de las Flores.

cotacachi-daybreak

Nov 7-9 International Investing and Business Made EZ Ecuador
https://www.garyascott.com/catalog/international-business-made-ez-ecuador

See these condos at $46,000 in Cotacachi.

Nov 10-11 Imbabura Real Estate tour
https://www.garyascott.com/catalog/ecuador-real-estat

Dine with delegates at the Vistazul clubhouse.

Ecuador-fishng-view-4

November 12-15, 2008 Ecuador Coastal Real Estate Tour; Quito Real Estate Tour
https://www.garyascott.com/catalog/ecuador-coastal-real-estate-tour