Tag Archive | "Pacific coast"

Multi Currency Financial Crisis


The multi currency multi market financial crisis has hit the equity markets everywhere. To my surprise emerging markets have turned out to be very resistant to this crisis compared with other asset classes.

Look at the multi currency major markets year to date as of last week. The German DAX stock market index is down by 27% year to date! The Japanese Nikei 225 is down from 16,500 to 11,500. The Dow in the US has dropped from 13,000 to below 11,000.

Yet the diversified multi currency emerging market index was up +3.67% year to date.

This is an error I made in my personal portfolio. When I reduced my equities last year, I sold my good value emerging markets fund and kept my major markets good value equity fund.

I knew that emerging markets outperform major markets. I knew that emerging markets recover faster than major markets. Yet my belief was that emerging markets would drop faster than major markets in turbulent times. This belief was wrong as the indices above and fund performance below shows.

The stronger emerging markets can be seen via mutual fund performance as well. Look at the return for year to date, three and five years for Jyske Invest’s global and emerging market equity funds.

Multi Currency Fund
Performance 1 year 3 years 5 years
Jyske Invest Global Equities -15.92% 23.67% 67.73%
Jyske Invest Emging Mkt Eqt. -12.57% 70.75% 181.31%

The shift continues from the old world to the new. The United States is in the doldrums and is not the only industrialized country feeling strain. Remember this is the era when small and new is good!

Here is the multi currency investing point. As the current economic cleansing evolves, the rebound may be better in emerging equity markets countries than in major equity markets.

You can learn better ways to invest in emerging equity markets in our multi currency portfolios course. You can subscribe to our multi currency portfolios course.

Tomorrow’s message looks at how to cash in on this multi currency business opportunity.

Until then, good global investing.

Gary

Merri and I love our lives in North Carolina’s mountains but after autumn’s gold, the weather looks like this! Here I am with Ma feeding the birds in front of our house.

multi-currency-cold

We won’t make that mistake again! Instead we move to Ecuador’s Pacific coast and Cotacachi, enjoying weather and views like this one shot of Ma an me looking at birds on a sunshine filled hike instead.

multi-currency-Ecuador-condos-hike

Tomorrow’s message looks at more Ecuador pictures and the benefits of a multi currency business.

Until then, good multi currency investing.

Gary

Our Oct 14-18 Ecuador Import Export Course has two spaces left.
https://www.garyascott.com/catalog/ecuador-import-and-export-tour

Learn this November more about Ecuador and emerging bonds. Join Merri, me, Steve, Kjetil Haugan and Peter Conradsen of Jyske Global Asset Management in Cotacachi Ecuador. We’ll review economic conditions, Ecuador real estate, my entire portfolio and investing and business ideas for the months ahead.

Nov 7-9 2008 International Investing and Business Made EZ Ecuador
https://www.garyascott.com/catalog/international-business-made-ez-ecuador

See the wonderful balconies in the Primavera condos at for sale at $46,000 in Cotacachi.

multi-currency-Ecuador-condo-interior

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

Then travel to the coast.  Enjoy  the Vistazul swimming pool on Ecuador’s Pacific.

Picture 9

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

See discounts for two or more of these courses and tours

Multi Currency Emerging Bonds


Multi currency emerging bonds denominated in the US dollar and euro can increase yields by 50% to 100%.

Two recent multi currency messages about multi currency bonds showed how to get numerous governments to guarantee dollar and euro denominated bonds. They pay 50% to 100% more than local government bonds of the same maturity.

However if you can accept some forex risk, multi currency bonds in emerging currencies can shoot yields into the stratosphere and more than triple what you earn from a US dollar treasury bond.

For example this portfolio of multi currency emerging bonds yields

Egypt EGP Pound 2012 10.81%
Eur Inv Bnk ZAR Rand 2009 11.51%
Hungary HUF Florin 2009 8.49%
RABOBANK RON Leu 2010 10.48%
Gazprom RUB Ruble 2010 7.00%
Eur Inv Bnk TRY Lira 2010 17.25%
Brazil BRL Cruzero 2016 11.13%
Mexico MXN Peso 2009 8.24%

The average yield is 10.61% and this portfolio is guaranteed by four governments and four top quality (still) borrowers.

We are reviewing how to enhance this profit even more with multi currency loans in our multi currency portfolios course. You can read this and learn how to buy these bonds as a multi currency portfolios course subscriber.

The financial crisis has hit the international capital markets in earnest. Emerging markets have turned out to be very resistant to the crisis compared with other asset classes.

See in tomorrow’s message why emerging market equities have been safer than major markets this year and may recover better as well.

Until then, good global investing to you.

Gary

Merri and I love our lives in North Carolina’s mountains but after autumn’s gold, the weather looks like this! Here we were one year at the entrance of our farm.

multi-currency-winter

We won’t make that mistake again! Instead we move to Ecuador’s Pacific coast and Cotacachi, enjoying weather and views like this one shot of sunrise in Cotacachi from our bedroom.

multi-currency-Ecuador-cotacachi-dawn

Tomorrow’s message looks at more Ecuador pictures and the benefits multi currency emerging equities.

Until then, good multi currency investing.

Gary

Our Oct 14-18 Ecuador Import Export Course has two spaces left.
https://www.garyascott.com/catalog/ecuador-import-and-export-tour

Learn this November more about Ecuador and emerging bonds. Join Merri, me, Steve, Kjetil Haugan and Peter Conradsen of Jyske Global Asset Management in Cotacachi Ecuador. We’ll review economic conditions, Ecuador real estate, my entire portfolio and investing and business ideas for the months ahead.

Nov 7-9 2008 International Investing and Business Made EZ Ecuador
https://www.garyascott.com/catalog/international-business-made-ez-ecuador

See the wonderful balconies in the Primavera condos at for sale at $46,000 in Cotacachi.

multi-currency-Ecuador-condo-balcony

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

Then travel to the coast. See the Vistazul sunset on Ecuador’s Pacific.

Palmazul Sunset

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

See discounts for two or more of these courses and tours.

Multi Currency Penny


The multi currency penny drops as the dollar…and the euro fall.

Multi currency investors should ask. Is the US running out of wealth…figuratively as well as literally? Plus should the penny be dropped?

Multi currency investors also know that the penny literally should be dropped. Actually even the nickel should be dropped as well.

At the end of 2007, when metal prices were high, it cost 1.67 cents to mint a penny and nearly a dime to make a nickel.

The US mint estimates that striking these two coins created a loss for US taxpayers of about $100 million last year. Drop the penny and nickel and perhaps US tax payers would only have to spend $699 billion on the bail out.

Plus these are pretty meaningless coins realistically speaking. What can you buy for a nickel or a penny? They are only worth something figuratively.

Yet no administration will dare drop them…which is a point that we, as multi currency investors, should note. The US administration and most investors continue to live in a figurative world they cannot afford. Realistic multi currency investors can make literal profits from the majority’s inability to shift from the figurative to the real world.

The US has joined Japan and Europe as part of the old world, and the old world is not where the action is, even during these difficult economic times.

The shift continues from the old world to the new. The United States is in the doldrums and is not the only industrialized country feeling strain. This is the era when small and new is good!

This is why I have not been surprised to see emerging markets hold up better than
major markets during the current crisis.

A recent message about Multi Currency Risk Premium showed how to increase yields by 50% by investing in euro using emerging bonds.

Yet the euro can (and has) dropped against the US dollar, so emerging dollar bonds make sense as well as euro emerging bonds….especially because these dollar bonds can double the yield of Treasury dollar bonds.

We just sent our multi currency portfolios course an emerging dollar bond portfolio guaranteed by five governments that yields 5.79%.

You can see this portfolio when you subscribe to our Multi Currency Portfolios Course

A reader just shared a refrain about emerging markets that I am hearing, more and more, when she wrote:

“Gary, I just wanted to let you know how very much I’m enjoying all the information on Ecuador. For the past year or two I’ve been telling friends and family that I’d much prefer to live in an established 3rd world country on its way up, than the new 3rd world country I fear the US is becoming. Until yesterday, everyone thought I was nuts! I adore Ecuador! I had the priviledge of spending 2 months there a mere 29 yrs ago and have often dreamed of returning. Next Nov I’ll turn 50 and will be returning to Ecuador for another extended stay. I can’t wait! On that trip 29 yrs ago, my friend and I talked about importing the beautiful handicrafts we found in the Otovalo market and in the surrounding mountain villages. I’m looking forward to revisting that idea. Thanks for all that you and Merri do!”

This is how we feel about Ecuador. This country is on its way up as North Americans move south. One great benefit Ecuador has is warm weather. Merri and I love our lives in North Carolina’s mountains but after autumn’s gold, the weather looks like this! Here we were one year at the entrance of our farm.

multi-currency-snow

We won’t make that mistake again!  Instead we move to Ecuador’s Pacific coast and Cotacachi, enjoying weather and views like this one shot we shot ovelooking San Pablo Lake and Otavalo which are near our hotel.

Tomorrow’s message looks at more Ecuador pictures and a multi currency bond portfolio that can triple your income!

Until then, good multi currency investing.

Gary

Our Oct 14-18 Ecuador Import Export Course has two spaces left.
https://www.garyascott.com/catalog/ecuador-import-and-export-tour

Learn this November more about Ecuador and emerging bonds.  Join Merri,  me, Steve, Kjetil Haugan and Peter Conradsen of Jyske Global Asset Management in Cotacachi Ecuador.  We’ll review economic conditions, Ecuador real estate, my entire portfolio and investing and business  ideas for the months ahead.

Nov 7-9 2008 International Investing and Business Made EZ Ecuador
https://www.garyascott.com/catalog/international-business-made-ez-ecuador

See these condos at for sale at $46,000 in Cotacachi.

multi-currency-Ecuador-condos

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

Then travel to the coast.  See the Vistazul, Ecuador Pacific views like this.

ecuador-beach-condo-sunset-view

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

See discounts for two or more of these courses and tours.

Ecuador Beach Condo Savings


Ecuador beach condos in San Clemente offer special value now for seven reasons shown below.

Bahia, is in my opinion, one of the nicest towns on Ecuador coast. Pacific Coastal condos in San Clemente, only thirty minutes, away offer some of the best value that Merri and I have found.

These San Clemente coastal condos are called Vistazul and they offer an even more special opportunity now. Here are delegates on our last Ecuador coastal real estate tour going over to look at the Vistazul model which is 75% complete.

Vistazul-Ecuador-beach-condos

Merri and I are back from a quick trip south…to Cotacachi and to visit our Ecuador coastal condos in San Clemente. These Ecuador coastal condos are special, value wise, for seven reasons.

First, over ten years ago, Merri and I drove almost the entire length of Ecuador’s coast with our Norwegian friend, Kjetil Haugan. This trip included a visit to San Clemente which is a tiny fishing village on the Ecuadorian Pacific.

We saw that San Clemente Ecuador offered special value for Ecuadorian beach real estate. This was one of Ecuador’s best beaches, but just 45 minutes north of Manta and only a half hour to Bahia Ecuador.

Here is the San Clemente beach.

Ecuador-Coastal-Beach

Kjetil bought 12 acres of land on this beach in San Clemente…then…ten years ago. This is the first reason why the Vistazul Ecuador Coastal condos offer special value now. A recent message outlined how we conducted real estate tours and urged readers to buy Ecuador beach property around Manta over ten years ago because land on Ecuador’s coast now is still a terrific value. Yet especially around Manta, land has appreciated as much as 800% in the last decade. Many of our readers and real estate tour delegates of a decade ago purchased ocean view house lots at $2,500. These same lots as resales are now selling at $17,500.

Kjetil can offer really great Ecuador beach condo prices because he bought the land at rock bottom prices years ago.

Many Ecuador coastal properties are popping up now but most developers are buying land to develop…at current, much higher prices.

San Clemente is catching on. Already we are told that one of our readers purchased a large beach front property (to develop I assume) just a few hundred yards from the Vistazul project. This reader cannot compete with Vistazul price wise because the current price paid for the land is so much higher.

The second reason there is special value there is that Kjetil has more than a decade of business and Ecuadorian experience. His wife’s family have long been involved in construction. His father in law is an engineer who has great experience at building on the coast.

Here is Jessica Haugan, Kejtil’s wife, who operates the Palmazul Spa welcoming our delegates to inspect the model.

Vistazul-Ecuador-beach-inspection

Here is Kjetil and his father-in-law, Julio, showing delegates the roof garden on unit #207 (the lowest view and price).

Vistazul-Ecuador-beach-condos-builders

Third, the Vistazul beach condos offer special value because Merri and I do not charge commissions. We do not make a penny when people buy Ecuador real estate.

Our readers have purchased many millions of dollars of Ecuador real estate in Galapagos, Mindo, Cotacachi, Quito, Vilcabamba, Cuenca, on the Pacific Coast, and elsewhere around Ecuador. Merri and I may have helped more gringos buy Ecuador real estate than anyone else. Yet we are not real estate brokers and do not take commissions for this.

The fact that Merri and I liked, felt confident in and invested ourselves in Vistazul, means that Kjetil has been able to sell two thirds of these coastal condos without paying a penny of the normal sales commission. This has saved him as much as $500,000. This does not mean Kjetil has pocketed this extra cash. I asked (and he agreed) to pass this savings onto buyers of Vistazul who are Ecuador Living subscribers.

Here is the Palmazul Spa and the clubhouse for Vistazul. This is where our coastal real estate delegates stay.

Vistazul-Ecuador-beach-condo-clubhouse

Fourth, Kjetil built the beach condo club house first…last year…when cement and concrete prices were about half they are now. Plus he made a very intelligent decision to run the clubhouse as a hotel…Palmazul.

Three buildings with 19 units are under construction. We were pleased last week to view th progress.

Here they are. You can see each level of construction. The 63 units are set out on the 12 acres so no building blocks the view of another.

Vistazul-Ecuador-beach-condo-totals

Fifth, we center our Ecuador coastal real estate tours around the Palmazul club house which means we send hundreds of guests there. This provides substantial income so condo owners do not have to bear as large an expense to maintain the club house.

Front door of a Vistazul unit.

Vistazul-Ecuador-beach-condos-frontdoor

Sixth, Because Merri and I understood the project, we were willing to invest up front. Our many years of work with Kjetil have created a bond of trust. Because of this Merri and I, plus one of our friends and two of our daughters bought the first twelve units. In other words, nearly 20% of the Vistazul project was sold before Kjetil even began to break ground.

Here is a Vistazul ground floor interior…looking back.

Vistazul-Ecuador-beach-condos-interior

And front with our friend from Telluride, Bob Humphrey.

Vistazul-Ecuador-beach-condo-inside

Seventh, Kjetil also has one of the largest Spanish schools and travel agencies in Ecuador. This provides marketing clout and gives Kjetil the ability to help bring condo renters to San Clemente.

Staircase.

Vistazul-Ecuador-beach-condos-stairs

In summary Vistazul has many excellent value features:

* Low land costs.

* Infrastructure competed before inflation.

* Two thirds of the units sold.

* Construction experience.

* Low cost marketing for sales and renter.

* Perfect on the beach location.

* Master Bedroom looks over the sea.

Vistazul-Ecuador-beach-condos-masterbedroom

This is why I have been encouraging readers to look at Vistazul. There are 63 units to be built. 42 of these Ecuador condos have sold since I first wrote about these condos just nine months ago. Now Kjetil is also offering ten year mortgages at 8.5%,. I expect the remaining 21 units to sell quickly.

Ecuador coastal delegates inspect roof garden and lowest view.

Vistazul-Ecuador-beach-condos-Front

Due to inflation, Kjetil has raised his prices, but due to our original agreement with him he has still been offering a discount to our Ecuador Living subscribers.

That offer expired after our last Ecuador Coastal real estate tour but I asked him to continue the special until October 1, 2008.

This is significant because I always advise readers to never buy Ecuador real estate sight unseen. Kjetil, in his agreement with us, allows those who make a deposit 60 days to come down and visit the condos on the beach. This means that those who make a deposit before October 1 can hold their unit until our November 12 – 15 Coastal tour when they can inspect the property.

Here are the remarkable values on these Ecuador beach condos.

There are three levels of condo.

All units are identical…except for a few options available in tile, cabinets, doors, counter tops etc. Price differences relate to view. The higher on the hill, the higher the price.

Coastal tour delegates on roof garden of lower unit.

Vistazul-Ecuador-beach-condos-top-floor

For details on the units below contact Thor Anderson at thor@sanclementeecuador.com

Lower level units available are #: 104 – 205 – 207 – 302 – 305 – 503 – 506.

Price is $89,000 or $22,250 down and $828 a month.

Ecuador Living subscriber price available until October 1, 2008 is $79,000 or
$19,750 down and $735 a month.

Medium level view.

Vistazul-Ecuador-beach-condos-panorama

Medium level units available are #: 602 – 603 – 604 – 605 – 801 – 805 – 806.

Price is $115,000 or $28,750 down and $1,068 a month.

Ecuador Living subscriber price available until October 1, 2008 $99,000 or $24,750 down and $921 a month.

Upper level view at sunset.

Bahia-Ecuador-coastal-condo-views

Upper level units available are #: 901- 902 – 904 – 1101 – 1102.

Price is $139,00 or $34,750 down and $1,293 a month.

Ecuador Living subscriber price available until October 1, 2008 $125,000 or $31,250 down and $1,163 a month.

To obtain the discount you must be an Ecuador Living subscriber.

For details on the units below contact Thor Anderson at thor@sanclementeecuador.com

Vistazul kitchens have marble cabinet tops. The cabinets are not yet installed in this shot and there are breakfast bar height options.

Vistazul-Ecuador-beach-condos-breakfast bar

For details on the units below contact Thor Anderson at thor@sanclementeecuador.com

Until next message, may all your values be good.

Gary

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

Bahia Ecuador Real Estate


Bahia Ecuador is Ecuador’s best kept secret.

A message entitled Manta Real Estate in Ecuador looked at why Manta makes investing north of this port city a good investment.

Manta may be a great place to invest…but Bahia is a great place to be!

This picture at tripadvisor.com shows one reason why. Here is Bahia, Ecuador.

bahia-Ecuador

The full name of the city is Bahia de Caraquez. This is a town that makes living on this part of Ecuador’s coast a great place to be.

Wonderful Ecuador sunsets are here.

Bahia-Ecuador-sunset

Yet as you will see below, there is much much more…here in Bahia, Ecuador.

Merri and I have for the last 25 years (since we left London) always lived in an out of the way place, two hours or so from an international airport and a half hour to a nice city.

When we moved to Naples, Florida 25 years ago it was a sleepy village…no WalMart…no Office or Home Depot etc. We were two hours from Miami International Airport and half an hour to Ft Myers. We would drive to Ft. Myers once ever two weeks or so to get supplies and then scoot back to the quiet life.

Now we are in the Blue Ridge…nothing is here but fields and forests! We drive a half hour to West Jefferson once a week to get groceries, the Farmer’s Market and if we have to go for office supplies that’s another 45 minutes. Then we zip back into the hills. Greensboro or Charlotte airports are a bit over two hours away.

Our home in Cotacachi, Ecuador is two hours from Quito International Airport and half an hour to the City of Ibarra.

So it was no surprise when I started calculating travel times from our new home in San Clemente in Manabi Province on Ecuador’s Pacific Coast.

We are 45 minutes to Manta. Add a check in and a 30 minute flight. This gobbles up two hours and gets us to Quito International Airport.

A half hour north of San Clemente is the town of Bahia de Caraquez one of Ecuador’s sleepers! It is one of Ecuador’s nicest cities that very few people know.

Bahia, first of all is clean. It became Ecuador’s first Ecocity in the late 1990s as a positive response to two disasters that hit this city of about 25,000 residents.

Two natural disasters fell upon Bahia right in a row. First, in 1997 the “El Niño” phenomenon caused torrents of rain, flooding and washed out miles of road in to and from Bahia. Then a year later in August 1998, a strong earthquake (magnitude of seven) created a huge amount of destruction,

In a kindness that evolution brings, Bahía had to completely reconstruct itself.

With Japanese help and funding, plus many wealthy Ecuadorians (one of Ecuador’s more successful presidents came from Bahia so it is well known in wealthy circles) Bahía rebuilt as an ecological area. The governing authorities made an official declaration of this fact. Since this time, the city has planned its development within the sustainable principals of an Ecocity.

Bahía is a Pacific coastal city located on a peninsula about an hour and 15 minutes north of Manta and is bordered by the Chone River.

Here is a shot taken on one of our coastal real etsate tours over the Chone Estuary.

Bahia-Ecuador-Chone-River

Over the last decade Bahia has become one of the country’s most attractive resort areas due to its beauty, cleanliness and access to the major cities of Quito (five hours by car) and Guayaquil (four hours by car).

Bahia’s year round population is estimated at 25,000 with a substantial increase during the summer,

There are also two very important reasons why Bahia real estate values may now rise fast.

First, a new highway is being built between Quito and the coast. This construction is taking much longer than it should and costing way more than budget..but eventually it will be complete and one more concrete freeway will be able to whisk from Quito to Bahia.

Second, some day there will be a bridge across the Chone. Bahia sits on an isthmus between the Pacific Ocean and the huge estuary of the Chone River. If you are traveling from the south up the coast in a northwards direction, you are stopped at the Chone. The drive onwards moves down the Chone for a couple of hours just to get back to the coast north of the estuary north. Here is a group of our real estate tour delegates looking across the Chone.
Bahia-Ecuador-Chone-River-Sailing-

This map shows it all.

bahia-map

The only way to cross the Chone at this time is via ferry. There are usually two car ferries. This is the Pacific Coast Highway running from Columbia all the way down to Peru and Chile so cars, buses and trucks use them.

Big trucks are loaded, first followed by the cars. These ferries also take foot passengers and are free.

Bahia-Ecuador-Ferry

There are also passenger ferries that continually go back and forth costing about 30 cents for the trip.

However, at times it can take up to two hours to get on a car ferry.

So a bridge across the Chone would be invaluable and is in the process.

John Papski, our man on the coast, recently visited Bahia and President Correa there.

Bahia-Ecuaor-President

Here is President Correa in Bahia.

John helped me complete a two part Bahia report that is now available to our Ecuador Living subscribers.

You can learn how to subscribe here

Until next message may all your secrets be as good as Bahia!

Gary

Our September 17-20 Ecuador Coastal Real Estate Tour; Quito Real Estate Tour is sold out.

Our September 28-29 Imbabura Real Estate Tour has two spaces left
https://www.garyascott.com/catalog/ecuador-real-estate

Oct 14-18 Ecuador Import Export Course
https://www.garyascott.com/catalog/ecuador-import-and-export-tour

We still have space in November.

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

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

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

Ecuador Oil Refinery


Ecuador is to have a new oil refinery at about 20 miles south of Manta. The new refinery will have a capacity to process 300,000 barrels of heavy crude daily. A new company was incorporated last week at a cost of $30 million. The overall project is likely to cost $6 billion with a rising cost to $10 billion to incorporate a petro-chemical complex.

The construction of just the refinery itself will create 10,000 new jobs in Manabi province. This number, of course, would in reality be greatly amplified by all the jobs created in support industries and services.

This is the second mega-project that Manta is about to experience. The first is already underway. Maritime terminals of Ecuador, an affiliate of Hutchinson Port Holdings, will be a crucial transfer port for international cargos on the new trans-Andes/Amazon road/river highway running from Manaus in Brazil to the Pacific coast at Manta in Ecuador. This will allow Brazilian resources to reach China more effectively and serve as a more effective entry port and distribution point for Chinese goods to reach South American customers. This has far reaching implications for Manta. And Ecuador, too. A Manta councilor had this to say “.. Manta had better prepare itself to be at the forefront of a wave of migration, especially from the rest of our province (Manabi).” Another entrepreneur in Manta says “This is the opportunity Manta was waiting for.” And the head of the Manta Chamber of Commerce, Melvin Herrera, says “Energy will be cheaper and for that reason the services we offer will be more attractive for the fishing and food industries and for tourism as well”.

The creates great opportunity for real estate around Manta.

The warning?

Be careful buying real estate south of Manta. The exact site as not been selected. A refinery makes a lousy neighbor for your luxury beach condo.

Those looking for beach getaways may want to consider the sea-side villages and towns to the north of Manta such as Crucita, San Jacinto, San Clemente, Bahia, Canoa, and Pedenales.

See more about opportunity in Manta’s boom at Manta Real Estate in Ecuador and Ecuador Beach Condos Introduction

See More at Manta Oil Refinery

Regards,

Gary

Places to Love


Our website focuses mainly on profits from international investing but our main theme is and always has been to “turn your passion into profit”.  Do things that are fulfilling in places you love.

This is why after 30 years of continual global travel for the past decade Merri and I have settled down and spent most of our time between just seven places:

#1: & #2: Ecuador’s Andes  and the North Carolina’s Blue Ridge…because we love the beauty and the people.

Blue-Ridge-View

Here is our daughter, Eleanor and boyfriend, enjoying a Blue Ridge view frm our farm.

andes-view

Here Merri and I enjoy an Andean view as we work at our Ecuador hacienda. Rosaspamba.

#3: Ecuador’s Pacific coast…ditto.

Ecuador-Cosatal-view

Here’s our life long friend, Steve from Portland, visiting us at Palmazul and enjoying the Pacific life.

#4: Florida…daughter, great son-in-law and our grandson.

mountain-view

Our grandson, Garren is great on th farm.  What fun!

#5: Oregon…mom…daughter, another great son-in-law and granddaughter.

mom and grandaughter

Mom and our grandaughter Sequoia in Oregon.

#6: England…two daughters and one son.

#7: Copenhagen…because we really like Danes and love this city…plus we bank there and have a strategic alliance with Jyske Bank.  Plus Copenhagen is our favorite city.

A recent article in a London-based lifestyle magazine Monocle shows that others must agree:

Where’s the best city in the world?

Monocle recently scoured the world to find the ‘Best’ in various categories. Here are some of the results —

Best global city: Paris, for its bike-sharing program, Vélib
Best business city: Madrid, for its relaxed working hours
Best cultural city: Berlin, for its art galleries and 24-hour scene
Best design city: Copenhagen
Best retail city: Fukuoka

The Danish capital city of Copenhagen, however, stood out as the most exceptional city for its quality of life and status as a cutting-edge design center. Editors were impressed with the quality of the architecture to the fact that locals and visitors alike could buy a good glass of wine at 1AM.

Crowned as a global urban treasure, the city was complemented for its efficient compact size, its transport system and infrastructure, its contemporary buildings, fine restaurants and its renewed focus on environmental issues.

Munich and Tokyo came in at second and third place, respectively.

Here’s how the rest of the world plays out in the best quality of life category:

1. Copenhagen (Stroget is the longest, pedestrian-only thoroughfare in    Europe)
2. Munich
3. Tokyo
4. Zürich
5. Helsinki
6. Vienna
7. Stockholm
8. Vancouver
9. Melbourne
10. Paris
11. Sydney
12. Honolulu
13. Madrid
14. Berlin
15. Barcelona
16. Montreal
17. Fukuoka
18. Amsterdam
19. Minneapolis
20. Kyoto

Merri and I hope that you have a great Sunday and that wherever you are is a place you enjoy.

Gary

We hope you will join us in Ecuador’s  Andes, on its Pacific coast or in the Blue Ridge.

You can still  make to our June 19-21 Ecuador Shaman Tour

See dates for our Autumn courses and tours:

Ecuador Coastal-Quito Real Estate Tour

Ecuador Super Thinking + Spanish Course

Ecuador Imbabura Real Estate Tour

International Investing and Business Made EZ North Carolina

Ecuador Ecuador Import Export Course

International Investing and Business Made EZ Ecuador

See discounts for attending more than one course.

Ecuador Real Estate Distortions


Vision and Distortions create opportunity with Ecuador real estate and more.

Our world turns on evolution…always has …always will.  Evolution is change.  When you embrace change, you get in the flow of nature.

We all know this but often have problems with the speed.  Change seems to be taking place faster now…or a least we are more aware of the rapid age of change.

As humans we are forced to face the future armed only with the weapons of the past.  We have one tool, though, that makes the human species vision….imagination.

We can use our logic and intuition to guess how the future might be.

One way to spark this vision is to look for distortions.

Recently this site shared how spotting distortions in London helped me start  building wealth in the 1970s.  See Beyond Multi Currency Investing if you missed this.

Any time I have failed to take advantage of distortions, I have kicked myself later!

In the 1980s I began taking real estate buying tours to the Isle of Man when there was a wonderful distortion. Isle of Man overseas companies did exactly the same thing as Jersey and Guernsey structures, but cost less than half.

This distortion led me to believe that the Isle of Man would increase in popularity as a financial center. While visiting I discovered that a long depression had forced over 2,000 properties onto the Island real estate market (population was only 60,000).

We rented a 130 acre farm with almost a mile of ocean front and a wonderful white washed, thick walled four bedroom farm house that was for sale. We loved the ocean views from the living room and kitchen, felt cozy sitting by the roaring fire and enjoyed taking the kids for long walks along the rugged coastal scene dotted with seals.

The owners were asking 55,000 pounds (about $82,5000) and we offered 50,000 pounds ($75,000). They would not budge down, and I was not motivated enough to go higher. The Isle of Man did boom and I heard recently that farm sold not long ago for a million pounds (1.5 million dollars).

This is why I have been zeroing in on Ecuador real estate. Several facts are exciting. The first is the fact that one sixth of the U.S. population now lives in a county that abuts either the Atlantic or Gulf Coast. This has been the largest, richest migration in the history of mankind and the crowds along the U.S. coast create many severe social problems. Plus prices for such land has risen dramatically.

Second, there is a huge movement of people into warmer, sunny parts of the U.S. which places enormous strain on resources, water, air quality, etc. Prices in these areas are rising as well.

Just 3 hours and 45 minutes from Miami (a little more from Houston) Ecuador is the only source of direct sunlight 365 days a year and has miles and miles of empty beaches on the Pacific coast and millions of acres of spring like weather in the Andes. Prices are a fraction of what one pays in the U.S.

Sound outrageous? It’s not. Readers and I have been looking and buying distortions for thirty years. Opportunity still exists.

Take for example, Colonial Quito real estate.  You can learn about large, totally renovated condos in Quito’s old city for as little as $83,900.

These are the condos.

Ecuador-real-estate-condos
With this view from the patio.

Ecuador-real-estate-view
And this interior.

Ecuador-real-estate-distortion-interior
Learn more about these condos at Colonial Quito real estate for sale.

We’ll look at this and other similar projects in our next Coastal-Quito real estate tour.  See Coastal Real Estate Tour

This is also why have been focusing on the $79,000 condos in San Clemente on Ecuador’s coast.

This is a project of just over 60 units on 12 acres.

Here is a shot from club house dining room (the club house is totally completed).

Ecuador-beach-property-distortion-view

Here is a shot of the construction of the condos just behind the club house which you can see on the beach in the foreground.

Ecuador-beach-property-distortion-construction
I wrote about this project in February and the developer received over 100 emails and reserved nearly half the project.  See Ecuador Beach Condos Introduction.
and this last Monday I worte about it at Ecuador Beach Property Opportunity

I mentioned the project again and the developer Kjetil Haugan just wrote to say,

“How are you? I have received approx. 100 emails the last two day from people who are interested in the development so I hope any other readers you have will get back to me as soon as possible with what they like so I can reserve units for them.”

Kjetil’s email is kjetil@haugancruises.com

To see the units still available go to to Vistazul for more information.

The wonderful thing about vision and distortions is that there is always change. This means there is always a future.  And this means there is always opportunity for those with vision.

Until next message, may your visions always be clear.

Gary
You can still  make to our June 16 -17 Imbabura Real Estate Tour
and June 19-21 Ecuador Shaman Tour

See dates for our Autumn Ecuador courses and tours:

Super Thinking + Spanish Course

International Investing and Business Made EZ North Carolina

Ecuador Import Export Course

International Investing and Business Made EZ Ecuador


Imbabura Real Estate Tour

Coastal-Quito Tour

See discounts for attending more than one course.