Tag Archive | "Rabobank"

Multi Currency Predictions Feb. 2009


We made several multi currency predictions at our February 2009 International Investing & Business Course in Cotacachi, Ecuador. The investing and business portion concluded yesterday. We are now inspecting Ecuador property.

We used many approaches to process information about how markets and economies might move.

We viewed currencies at the technical level and saw that Jyske Global Asset Management (JGAM) had closed their British pound recommendation.

This is the fine detailed view… the technical end of investing,  Peter Laub of JGAM showed how JGAM had recommended investing in pounds at 1.3750 with a stop loss at 1.3700. Peter explained how the pound dropped to 1.3703 before rising to 1.4500.  JGAM took profit on the backslide to 1.4300.

We looked at economic fundamentals and discussed the February 10, 2009 New York Times article   “Bailout Plan: $2.5 Trillion and a Strong U.S. Hand”  by Edmund  Andrews and Stephen  Labaton  which said:

WASHINGTON — The White House plan to rescue the nation’s financial system, announced on Tuesday by Timothy F. Geithner, the Treasury secretary, is far bigger than anyone predicted and envisions a far greater government role in markets and banks than at any time since the 1930s.

Administration officials committed to flood the financial system with as much as $2.5 trillion — $350 billion of that coming from the bailout fund and the rest from private investors and the Federal Reserve, making use of its ability to print money.

We compared the inflationary impact of this bailout with the deflationary impact of a 20% contraction in the $14 trillion economy.  This looks like a wash that could bring an economic balance at the cost of the US dollar’s parity to  other currencies.

We viewed how seasonality was at work. Over 30 years the Dow has frown 8.16%  overall but all of that growth and more (8.36% per annum average)  have come in in the months of November through April. The average annual growth per annum over thirty years in May  to October is only 0.37%.   In other words… history suggests that every day we move closer to May, the chances of a stock market correction in 2009 diminish.

We viewed the economic cycle and saw that we are reaching the phase of the economic cycle when we should be coming out of cash and bonds and into  shares as:

* Interest rates are down.

* There is a rush for liquidity.

* Employment is growing.

* Uncertainty is high.

multi-currecny-predictions

We looked at the fact that we have plenty of time… no hurry. We can wait and see.  We have time to choose and pick…  the best bargains and values.

We even looked at how the planets and full moon affect investors. There is a historic link in the general trend of world affairs and the the cycles of Jupiter and Saturn.    History suggests that when  these planets are in a good phase it is been auspicious for the world and vice verse.

The cycles of these planets are about 12 years and 30 years which ties into the market cycles we track.

The chart below shows the historical relationship.

We viewed this chart  from a Maharishi Vedic Astrology prediction by Siebelt Meyera in February 1997.

multi-currency-markets

The chart is a bit hard to see here so here is what it reads in the troughs:

1914 Start of WW I

1939 Start f WWII

1962 Cuban Crisis

1973 Yom Kippur War

1997 Economic meltdown in Asia

Since 1991, the cycle has been in their downward trends and reached its lowest in 1997 when Jupiter was debilitated, and in 1998 when Saturn will be debilitated. From 1999 onwards the value will slowly and reach a peak value again between 2012 and 2015.  This suggests a slow recovery over the next three years.

All of this confirmed that we should not expect a quick recovery and reconfirmed our recommendation to do nothing now. Maintain a defensive position and wait for opportunity to present itself.

We reviewed my personal portfolio to see how I am doing this.

Liquid Portfolio  Allocation

Cash  23%
Bonds  61%
Shares 16%

Liquid Portfolio Currency Allocation

Brazilian real              4%
Denmark kroner      33%
euro                            31%
British pound          10%
Turkey Lira                8%
US$                           14%

Total Asset Allocation

Cash  21%
Shares 2%
Emerging Shares .5%
Bonds 17.5%
Emerging Bonds  8%
Ecuador Real Estate 9%
US Agricultural Land 12%
Residential Property 10%
Commercial Property 20%

My Cash Currency Breakdown

USD   14%
GBP  4%
Norwegian kroner 1%
Swedish kroner 1%
Other 1%

My Shares

Bank of Florida  .5%
Jyske Bank  .5%
Turkey Equity Fund .5%
European Equity Fund 1%

My Bonds

Swedish Bond Fund  2%
Euro Bond Fund 4.5%
Danish Bond Fund 7%
ELF Aquitain  EUR 4.500% 23.03.2009  1.5%
Caisse D‚Amort Dette  EUR 12.07.2009  1.5%
Rabobank NL    CAD 4.250% 2009           1%

My Emerging Bonds

Hungary Gvt.    HUF 6.250%12.08.2009   1%
Hungary Gvt.    HUF 6.750%12.02.2013     1%
Emerging Market Bond fund  2.5%
European Investment BK TRY Bond  1.5%
Brazil    BRL  12.500% 05.01.2016          1%
China    EUR  1%

My US Real Estate

US Agricultural Land  12%
Residential Property  10%
Commercial Property 21%

My Ecuador Real Estate

Ecuador Andean residential 2%
Ecuador Coastal    5%
Ecuador Agricultural 2%

We also looked at the importance of investing in things we like.

We reviewed real estate investments in Cotacachi and on the Ecuador beach.

Delegates met Ecuador condo owners Bob & Barbara Humphrey. Here is Bob & Barbara at the Ecuador beach.

multi-currency-predictions

Bob & Barbara live in Telluride Colorado in the summer. Bob has retired from his diving business… flies his own plane and races cars (Shelby Cobra).  Barbara is a Feng Shui expert who lectures globally on this subject.

Like many of our readers Bob & Barbara have a condo both in Cotacachi and on the beach at Vistaazul Beach Condos.

We packed incredible amounts of information into three days but had fun as well.

There was plenty of time for delegates to talk and share what they learned.  Here are several delegates talking, US, Australian and Canadian.

multi-currency-predictions

Plus JGAM hosted a Valentine’s Day wine & cheese reception on Saturday night.

multi-currency-predictions

Andean musicians performed.

Multi-currency-predictions

There was Andean music… a Conga line began.

multi-currency-predictions

Andean dancers entertained.

multi-currency-predictions

There is an excellent organic vineyard and Swiss cheese factory near Cotacachi.  They are both for sale (the properties) and we are viewing them on today’s real estate tour.  For the party we just enjoyed the products, three excellent Swiss cheeses…

multi-currency-predictions

plus excellent wines.

multi-currency-predictions

The photographers in the group were having fun.

multi-currency-predictions

The youngest delegate was a bit bewildered.

multi-currency-predictions

Here is the key advice from that course.   Hold off. Wait. Do Not hurry. opportunities abound but we have plenty of time to pick them up. There could be another drop in May before a gradual recovery.  Invest with care… but invest with passion. Do things fulfilling as well as profitable. Enjoy the process as well as the end results.

Regards

Gary

Join us in Cotacachi and on Ecuador Coast in March.

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

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

March 8-9 Imbabura Real Estate Tour

March 10-15 Ecuador Import Export Expedition

March 16-19 Ecuador Coastal Real Estate Tour

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

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

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

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

Future 2009 courses

May 29-31  JGAM Global Asset Strategy Seminar

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

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

July 24-26 IBEZ North Carolina

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

Oct. 9-11     IBEZ North Carolina

Oct. 21-24 Ecuador Import Export Expedition

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

Cotacachi Amazing Real Estate


Cotacachi, Ecuador real estate is amazing sometimes. An even more amazing event took place yesterday…in fact a couple of them.

I’ll share my entire investment portfolio in a moment.. First, let me explain why I am adding more Cotacachi real estate to my portfolio.

A recent message explained why I recommend our upcoming course conducted by our astrologer, Blaine Watson, on  February 9-11, 2009  Beyond Logic Simple Ways to More Wealth and Better Health

I outlined how Merri and I had a wonderful reminder why we need to live beyond logic.

I showed our hotel…Meson de las flores.

cotacachi-health

and told how we had the opportunity to buy this fixer upper directly across the street from the hotel.

cotacachi-health

The fixer upper is coming out great by the way. Plus we received a huge bonus.

Everything about this building was great except there was one problem… traffic buses and trucks…fumes and noise ran right past it..

We racked our brain  trying to figure out how to resolve this….but there seemed no solution.  We almost decided not to buy… but Blaine and our chart indicated that this was the right thing to do.  So we went ahead… leapt in faith and bought the building.  We started fixing it up.

Yesterday we learned that the village is building a new bus and truck road, blocks away.   Our road…that goes right past our new fixer upper building will be blocked to trucks and buses.    When we bought…no one could have known!

We would have never thought of this solution. The answer was Beyond Logic.

Now another almost eerie real estate coincidence has happened.

Yesterday I sent my Ecuador Living subscribers a password protected message about some Cotacachi property that I believe is special.

You can read this password protected information as an Ecuador Living subscriber.

I have been writing to you about this area where this dirt road is being paved.

cotacachi-real-estate

What I shared with the Ecuador Living subscribers was information about an area just past this road  where I had a special, good feeling.  I was thinking of buying some land myself in this area.

I wrote:  When we see a road like this developing we start looking in all the nooks and crannies.  This area looks rural but it’s not.  This seemingly rural area is right in the path of progress. Our hotel is not far…next to the Cathedral you see in the distance here.

cotacachi-real-estate

There are numerous lots for sale by owner… some really excellent deals that we’ll see on our upcoming property tours.

Here are a few…they do not look like much… but…

cotacachi-real-estate

all this property is just a few blocks from this new road.  So when we see a wall like this we do not see crumbling stone.

cotacachi-real-estate

We see what is beyond.

cotacachi-real-estate

A field and it’s for sale.

cotacachi-real-estate

So when we see this…

cotacachi-real-estate

or this

cotacachi-real-estate

or this

cotacachi-real-estate

or this

cotacachi-real-estate

and this … new construction in the midst of all these lots for sale.

cotacachi-real-estate

We know the game is afoot…there is special opportunity.

Then in that password protected message I showed one of the numerous houses our readers have purchased from our friend, Diana Carasco.

cotacachi-real-estate

Diana is a famous artist in Ecuador but she also builds really great houses…that sell from as low as $76,000…and they are amazing. Delegates on our real estate tours snap them up faster than she can build.

So today Diana took us around to show us some new land she is buying today.

Here it is, exactly the land I saw and shared with my readers yesterday. This is the type of coincidence I look for when spotting opportunity.

cotacachi-real-estate

I want you to know … I came back and immediately made an offer on the land in this area that i have been considering.  To know that Diana was going to build in this area was beyond logic. I took this as the final sign…act now!

You can enroll in Beyond Logic at Feb 9-11 Beyond Logic, Keys to More Wealth & Better Health

There is more that you can see from this excerpt I sent to my password protected multi currency investors. Here is the excerpt:

Our last message looked at my personal stagflation portfolio which has the following asset diversification.

Cash
USD                                                                       14%
GBP                                                                        4%
Norwegian kroner                                              1%
Swedish kroner                                                   1%
Shares
Bank of Florida Shares                                    0 .5%
Jyske Bank, Shares                                           0.5%
Turkey Equity Fund                                         0 .5%
European Equity Fund                                    1.0%
Bonds
Swedish Bond Fund                                          2%
European Bond Fond                                      4.5%
JI Danish Bond Fund                                        7%
ELF Aquitain  EUR 4.500% 23.03.2009     1.5%
Caisse D’Amort Dette  EUR 12.07.2009      1.5%
Rabobank NL    CAD 4.250% 2009                1%
Emerging Bonds
Hungary Governm.    HUF 6.250%12.08.2009    1%
Hungary Governm.    HUF 6.750%12.02.2013     1%
Emerging Market Bond fund                                 2.5%
European Investment BK TRY Bond                    1.5%
Brazil    BRL                  12.500% 05.01.2016            1%
China    EUR                                                                   1%
US Real Estate
Agricultural Land                                                       12%
Residential Property                                                  10%
Commercial Property                                                 21%
Ecuador Real Estate
Ecuador Andean Residential                                     2%
Ecuador Coastal                                                            5%
Ecuador Agricultural                                                   2%

This portfolio dropped 11.1% from December 2007 to December 2008.  Compared to the markets this was not all that bad.

Last month it rose 4.31% so is now down 7.11% from its all time high in 2007.
Yet for me, the portfolio did not really move at all.

You can read this entire password protected update with a deeper review of my portfolio as a Multi Currency subscriber.

I then went on to share three rules behind this portfolio.

One of the rules is that I assume that the real estate portion of my portfolio will protect the entire portfolio’s purchasing power.

We have a wealth of property to see on our upcoming property tours… Cotacachi houses, condos, haciendas… gated communities, a cheese factory…and land.

We hope to see you here.

Gary

Join us in Ecuador this February.

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

Feb. 13-15 International Business & Investing Made EZ

Feb. 16-17 Imbabura 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

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 Problems & Solutions


Multi currency investing becomes increasingly harder as increasing numbers of banks abroad refuse to accept US customers. A recent message at this site shared how the large Dutch Bank, ABN Amro, stopped accepting US customers and gave existing US clients 30 days to liquidate their securities.  If you missed this see Multi Currency Investments Easier

multi-currency-meeting-in-autumn

See below how autumnal colors can help you solve multi currency problems.

Now another large Swiss bank has found it too much to deal with aggressive US regulatory tactics and shut down its US business. Here is what a recent Financial Times article entitled “UBS tells unit staff to avoid US visits” by Haig Simonian says:

“UBS has told members of its former private banking team responsible for rich US clients not to travel to America.  The Swiss bank has also made lawyers available to the more than 50 bankers involved, many of whom have left UBS since it decided last November to wind down its cross-border private banking business for US ­customers.  The move follows the recent indictment of one of the unit’s former senior executives, Bradley Birkenfeld, who US authorities have accused of helping a billionaire client evade taxes. Mr Birkenfeld has pleaded not guilty and his lawyers have made no public statement on the matter.”

I am very pleased that Jyske Bank, my banker for about 25 years has decided to stand by its American customers. The bank created a wholly owned subsidiary Jyske Global Asset Management (JGAM) that is registered with the SEC.

The changes, however, create many questions which I would like to answer at this site. Please send your questions.

As a financial publisher, I cannot give independent advice.  I cannot even give you a personal reply nor comment on your specific personal investments or portfolio.  I can, however, answer your questions here in a general way.

Here is the first question received.

JYSKE BANK QUESTION

“What is going on with Jyske Bank and their JGAM program which will make it more difficult to do multi currency sandwiches unless one has invested at least 1 million with the bank.  As I understand it, my portfolio will be managed without my input which does not make me feel comfortable.  What is your take on this?”

JYSKE BANK ANSWER

I have spent hours reviewing how JGAM will work with Thomas Fischer.

First, let me clarify several points…the first being that only Americans will use JGAM.  For non Americans it is business as usual at Jyske.  This will have a pretty big impact on my business since I have so many non US readers.  Our site ranks well for visits in Ecuador, Canada, China, Germany, New Zealand, Singapore, United Kingdom and Mexico as well as the USA.

This means I’ll have to write everything twice once for us Yanks and once for the rest of the world.

Second, minimums have not changed at all.  For some time the minimum has been $50,000 to open and account and $100,000 is minimum for a multi currency sandwich…not 1 million.

Though JGAM will manage each portfolio on a discretionary basis, the client still has a great deal of input on how they will manage each account.

Jyske has a number of portfolios ranging from low risk – medium risk – high risk and speculative.

These portfolios are then again split into portfolios with and without US securities.

Then the accounts are again split  based on assets under management.

For example, clients with less than $200,000 will have a different diversification than larger accounts.

Every portfolio is monitored and tracked on an individual basis.  There is no specific JGAM portfolio so all investors will have their own regular performance up-date.

The JGAM investment committee will meet once a month deciding on the tactical weight of the asset classes and the underlying investments.

When a client joins, the Jyske account manager will work first to help the client decide on a risk profile. Once this is decided, Jyske will be invested in one of the 16 options above.   Every investor’s portfolio will be designed and will change according to the time of entering the portfolio.

Here are the latest recommendations as of late May 2008 of the speculative NON US dollar portfolio.

Asset type                Recommendation       Tactical weight
Fixed Income                  Underweight                  20
Equities                           Neutral                          60
Alternatives                     Overweight                    20

Cash                                Neutral                            0
Investment                               %
Asset type

FIXED INCOME
USD       7.2% Porsche 01.02.2049                         3%
USD       7.875% Turanalem 02.06.2010                 2%
USD       8.5%  Titan Petrochemicals 18.03.2012    1%
EUR       Var% Bombardier 15.11.2013                     3%
GBP       8.7% Cable & Wireless 06.08.2012             1%
AUD       5.5% Rabobank 27.01.2010                       3%
BRL       12.5% Brazil 15.01.2016                              2%
HUF       6.75% Hungary 12.10.2010                        2%
TRY       15% Intl. Bank Recon 15.07.2009                2%
ISK         8.5% Rikisbref 12.06.2009                         1%
Subtotal                                                                  20%

EQUITIES
CHF                   Novartis                                      4.2%
EUR                   Siemens AG                                 4.2%
EUR                   Adidas AG                                   4.2%
DKK                   Carlsberg A/S                             4.2%
EUR                   EDF Energies Nouvelle                4.2%
DKK                   NKT Holding                               4.2%
DKK                   Neurosearch                               4.2%
EUR                   Bayer AG                                     4.2%
EUR                   L’Oreal                                        4.2%
SEK                    Hennes & Mauritz AB                  4.2%
Latin Equities Mutual Fund       4.0%
Chinese Equities Fund              4.0%
Indian Equities Fund                 4.0%
European Equities Fund             5.0%
Subtotal                                                              60.0%

ALTERNATIVES
USD                    ETFS Crude Oil – CRUD LN         10.0%
USD                    ETFS Aluminium l ALUM LN          5.0%
USD      ETFS Metal Secs Phys. Gold – PHAU LN       5.0%
Subtotal                                                                 20.0%

CASH                                                                       0
TOTAL                                                                 100.0%

This looks like an interesting portfolio, and in future messages we’ll be looking at
the equities in this portfolio.  Plus we will review the other three (high medium and low risk) portfolios.

I believe that Multi currency investing is a must in these times of inflation.   Using international investment managers still has main advantages.  First, this provides some excellent asset protection. This also provides access to more experienced multi currency managers with different points of economic and world view than anywhere in just North America.

This also provides some privacy.

May I add one more word on privacy?  If you are a law abiding citizen then an overseas account gives you as much privacy as you need.  If you break the law and have almost any government looking for your financial data, then no system or structure you use is enough.

I have not touched on this subject for years because this is such old news…but knowing we have many new readers…let me repeat what I shared with readers clear back in the 1990s.  “Bank privacy is dead”.

Here are just a few of my articles at this site in the archives  from the 1990s and early 2000s.  Please read them carefully.
https://www.garyascott.com/privacy/77/
https://www.garyascott.com/privacy/50/
https://www.garyascott.com/privacy/167/
https://www.garyascott.com/privacy/60/
https://www.garyascott.com/privacy/59/

Yet here is one more brand new story….about what is known as the most private place in the world…Liechtenstein.

Here is a direct quote from a February 22, 2008 BBC article entitled
“Liechtenstein fury at German tax snooping”  by Steven Rosenberg

“Liechtenstein also has the reputation of being one of the most secretive tax havens in the world.

“Just ask the Organisation for Economic Co-operation and Development.

“This financial watchdog says Liechtenstein is one of only three states left on its blacklist of ‘uncooperative tax havens’ (the others are not a million miles away – Monaco and Andorra).

“Liechtenstein this week attacked the authorities in Berlin for buying information on German businessmen clients that have bank accounts in the tiny Alpine principality.

“Germany has launched a tax evasion investigation using the data, which was supplied by an anonymous informant who was reportedly paid 5m euros (£3.75m; $7.3m). “

So I will say this again.  Please for your sake, don’t break the law anywhere…anytime.  This could come back to haunt you in unexpected ways.

Here is an example.  The data the German authorities obtained about accounts in Liechtenstein covered people from around the world…not just Germany…so the Germans began sharing it.

According to my European banking sources, only one European tax authority turned the data down…the Danes.   They believed that since this data had been illegally obtained it should not be used.

One reason I have banked for so many years with Jyske Bank is the same reason why I live half the year in Ecuador.

I like Jyske’s services, their very reasonable fees and their solid banking foundation…but in addition I like the Danes…feel an underlying honesty, sense of fair play and sound judgement.  The have never let me down which is why I am not surprised that they worked for several years setting up this structure so they can continue to serve Americans…when so many other banks have cut us Yanks loose and run.

I expect that the service JGAM will provide is still a work in progress and have noted the people there questioning, adapting and smoothing out a new system.

Everything I have seen to date suggests that I will be happy with this new program
because the people there like I have always seen seem focused on giving a service that is safe, wealth preserving, ground breaking and easy for the customer.

I’ll be adapting our multi currency course to reflect the changes and will keep you informed about new ways we can continue to learn about this mysterious, interesting and profitable world of multi currency investing.

I am not paid a penny for writing this about Jyske Bank and have always been able to write that I keep them as my bank simply because I like them the best of all banks I have used.

I can continue writing this and hope until next message that you find all these qualities with whomever advises you on your finances, savings and wealth.

Gary

You can join me with Thomas Fischer of JGAM at our October 2-5 lifestyle International Investing & Business Made EZ North Carolina

We have selected these dates for our next course because this is traditionally the weekend when the fall colors are best.  We’ll meet here for a meal multi-currency-meeting-place

at our house on the farm.

Here is Thomas Fischer talking with a group at a previous course.

multi-currency-meeting

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-beach-meeting

We’ll see properties in this developmet and stay at and walk that beach below.

Ecuador Super Thinking + Spanish Course

Ecuador Imbabura Real Estate Tour

See houses for sale in the San Miguel development
Cotacachi-real-estate-for-sale

like this.

cotacachi-house-for-sale
Learn about this Imbabura real estate for sale at Cotacachi Real Estate at San Miguel

Ecuador Ecuador Import Export Course

International Investing and Business Made EZ Ecuador

See discounts for attending more than one course.