Tag Archive | "Vera II"

Cotacachi Real Estate For Sale


Cotacachi and Ecuador real estate prices are becoming higher. Construction material, cement, steel and wood have been skyrocketing in cost.  Plus new duties imposed on imports such as pipe are raising material costs.

Our recent Cotacachi real estate tour looked at a number of Prima Vera II – to IV condos for sale from  $46,500 to $54,500. Here is one of the four new Prima Vera blocks.  This is Prima Vera III.

cotacachi real estate

Bulding costs have forced the developer to raise prices on each building.  The units are identical but each block has a higher price.

Here are the prices now for these Prima Vera units.

Prima Vera II

cotacachi-real-estate

Prima Vera IV & V

cotacachi-real-estate

Prima Vera IV & V

There are 13 units left here at the old prices.  Learn here how to view the pricing and receive a 2% discount on the purchase as an Ecuador Living subscriber.

While viewing these condos we talked to American owner Bill Daily about the cost of living in Cotacachi.  He and his wife live in a Prima Vera III first floor unit.

Here is Bill and his wife Jo.

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This is their condo…with a comfortable view balcony

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Two bedrooms.

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One bedroom is used as an office…

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plus a full kitchen.

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Here is their living room.

Cotacachi-tax

We asked Bill about utility costs and he told us that property taxes were $38…a year.

Propane is $2.50 for 20 gallon bottle for cooking, heating and hot water.  They use about $5…a month.

Water is $6 a month, electricity $20 a month….broadband $49…condo fees $100…so in all there basics are about $185 a month.

Until next message,  good living wherever you are.

Gary

Join us in Cotacachi in March when our courses focus on health and wealth.

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 all three courses in March 2009, I

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 course 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

Beware the Dead Cat Bounce


Could the sudden recovery on Wall Street and elsewhere be a dead cat bounce creating that creates an environment for a long tail shock? There are a number of reasons why global equity markets may recover (shared in our multi currency course) but here is the news about two important phrases and risks you should know.

The first is the “Dead-Cat Bounce”. This is a temporary recovery from a prolonged decline or bear market, after which the market continues to fall. If you drop a dead cat from a high roof it will bounce but this does not mean it still is alive.

The recent best day for European stocks and the biggest rebound for US markets since the 1929 Great Cash must be kept in context. After the 1929 crash, the Dow Jones industrial average gained 18.8% in the next two days. The Dow’s bounce earlier this week was 19.2%.

The second phrase is “Fat Tail Shock.” This phrase is all about predictive ability.

In finance, most investment markets are affected by normal bell shaped curves ending in a thin tail. The rise, leveling and falls of most markets are predictable.

Fat tails are considered undesirable because they introduce additional risk…because markets become less dependable. For example, an investment strategy may have an expected return. In normal times the likelihood of its failure (negative return) is less than one in a million. Normal distributions that emerge in finance generally do so because the factors influencing an asset’s value or price are mathematically “well-behaved.” In ther words markets are based on fundamental value. However, traumatic “real-world” events (such as an oil shock, a large corporate bankruptcy, or an abrupt change in a political situation) are usually not mathematically well-behaved. Human emotion dramatically outweighs fundamental logic. This causes investments to become less predictable.

This is where we are now…markets crashing, dashing, rising and even exploding/imploding. As markets move more and more dramatically so too does the daily news…Headlines become bolder… pictures more horrid and announcers increasingly grim.

All this is at the expense of our nervous systems.

Merri and I use a different method of news casting!

Here is the Merrily Farms morning news. You’ll find it a little different…and hopefully more refreshing…then CNN, NBC, CBS or ABC

Please walk with me around the farm. We have no TV at Merrily Farms so we take a walk North, East, West & South to get our morning news. First, we start by looking east from my office to see the first broadcast of the day.

multi-currency-news-sunrise

We’ll I’ll be darned. The sun has risen again! The sky isn’t falling after all.

Then I look south…

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just because the view is pretty to see. This is not a bad thing to do…to see something of beauty first thing.

Then I amble out and open the goose pen.

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This is really handy. They are the watch dogs here. The geese let me know if any real problem is coming. This means I can focus on the day without worry. Handy things…these watchdog geese.

Then we head out for a morning walk.

multi-currency-news-view

We break for an important announcement at this waning autumn view…

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The view is very different from the same spot in the blooming spring.

multi-currency-news-spring

Yet both have beauty…and these seasons are required. We would really be in a fix if everything just kept growing.

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Somewhere along the way we head up a path where the going starts getting dark.

Sometimes the way becomes quite dark.

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Yet every dark path always seems to have a light at the end. Just when we begin to think it will never brighten, a meadow opens…

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with we see views that seem like they’ll never end.

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Of course they do end because every meadow has a beginning and an end.

Every walk is filled with beauty.

That is the news. Every walk has it dark and bright moments…but there is beauty and necessity every step along the way. There is a reason for the open woodland…

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and the dark forest.

forest

The meadow.

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Every day the news here is different…always wonderful and in some ways exactly the same.

Basically the news is really simple….saying that life is filled with wonder…

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if you stop and take long enough to look for it.

You can find beauty in the quiet glens.

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You can enjoy the long views.

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You can be patriotic or not.

multi-currency-patriotism

You can like where you are or not. You can stay put or follow a meandering stream.

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Whichever the news will be the same…the daily message is…keep walking…this incredible event we are undertaking is a journey and there will always be a new path that is perfect for you.

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Tomorrow’s message looks at how this message of continual change has opened a new exciting opportunity for us to share with you.

Until then, thanks for sharing this little hike and the news from Merrily Farms.

Fade out…play the Merrily Farm theme song…

“Row Row Row your boat. Gently DOWN the stream.

Merrily Merrily Merrily. Life is but a Dream.

Gary

These shots show the glory of the Blue Ridge leaf change. They also hint rumors of colder days ahead…time to head south.

Won’t you join us…in the sun…for the Ecuador news?

Join Merri, me and Jyske Global Asset Management at one of our courses. We review economic conditions, Ecuador real estate, my entire portfolio and natural awakenings to health and wealth with investing and business ideas for the months ahead.

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

Stay on for the real estate tour Cotacachi and surrounding areas. We’ll see real estate for sale on this lake.

Ecuador-lake-sites

Plus we’ll see homes at San Miguel and Prima Vera II.

cotacachi-ecuador-san-miguel

Primavera II $46,000 condos.

multi-currency-Ecuador-condos

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

Then travel to the coast and enjoy this Pacific surf that in November is warm!

Ecuador real estate for sale .

Salt or fresh water

Ecuador real estate for sale

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 Breakdown


See the multi currency breakdown of my portfolio below.

Yesterday’s message on multi currency bank safety mentioned that multi currency safety is as important as bank safety. Investors who do not have multi currency diversification can end up holding assets in a safe bank but with a worthless currency.

This is one reason why I have such a large percentage of my portfolio in real estate…carried at cost.  All of our real estate has been purchased at prices well below even the current market. We spend a lot of time researching and searching and fixing because I love working with buildings and land. This is the most important investing lesson of all…do what you love…with those you like.

Really…I would much rather play at making land like this worth more than fiddling with stock charts.

Multi-currency-love

I receive many emails like this:

In this current and, I believe, temporary ‘strengthening’ of the US dollar, I am looking for ways to preserve my assets. I have a lot of faith in the Australian $. The 2 obvious benefits in my mind are, no capital gains if/when the US$ weakens, plus I earn interest on the Australian dollar account. I am also looking to buy silver and I am looking at coins and bullion, any suggestions in this arena would also be appreciated. Thank you,

To invest in just one currency is speculation. Nothing wrong with that, if you know and accept the consequences of speculating incorrectly.

To me, real estate is so much more interesting…a puzzle to be worked filled with mystery that beckons like our hidden horse barn tucked away in the woods…just waiting for value to be added.

multi-currency-barn

Gold is nice also…in the leaves here during the leaf change or the yellow metal…a bit for insurance …but more is speculation as well. Property however almost always has utility…like our home.

Holding several currencies for multi currency diversification is better for most.

As it happens I have not felt good about Australia’s currency as you will see in my multi currency breakdown below.  In my opinion, too many investors are betting too much on t based as a commodity currency.

Here are three trends I have been aiming my multi currency diversification towards.

#1: A return to value. Value investing has long been our philosophy. No reason to change now but other investors have been chasing the easy, fast bucks in rapid appreciation. Look for a shift towards owning high yielding, solid boring shares and bonds.

#2: Real estate. The real problem investors face is not an economic meltdown. Inflation is the genuine risk because governments have proven that they will flood markets with liquidity to avoid the meltdown. Inflation means that cement will cost more. So too will steel and labor. This means a rise in labor. I salivate when this fundamental meets a global real estate correction and am buying so much real estate I scare myself.

#3: A shift to underlying currency value. Where does an investor go when the euro is no longer trusted and the dollar is fundamentally weak but suddenly flexing muscles it should not have? My guess (and here I am overweighted ) is investors will lean towards currencies of small, economically sane, solid, established, politically sound countries…such as Norway, Sweden and Denmark. If so, these currencies will rise versus the euro and dollar. If I am wrong, they are least likely to fall.

All of this brings us to the point of this lesson. If you travel and visit currency and forex trading rooms of large established, successful trading operations, you’ll note that there are very few, old traders. Young men and young women do this job because experienced investors know that currency trading, rather than diversification requires immense capital, continual diligence, almost unlimited discipline and the ability to absorb many small losses before making a big hit. Plus traders must have the emotional stability to not let the big lead them astray! This is an error that has allowed one trader to break many a bank and major firms’ backs…..Coutts…AIG are two examples.

Here is my currency breakdown:

US & Ecuador Real Estate 50.12%

Europe EUR 16.05%

Denmark DKK 9.03%

United States US$ 8.46%

Britain GBP 4.01%

Sweden SEK 3.16%

Hungary HUF 2.37%

Turkey TRY 2.1%

Brazil BRL 1.28%

Canada CAD 1.18%

Norway NOK 1.15%

New Zealand NZD 1.09%

Australia AUD 0%

I am now readjusting this breakdown and will review why in my Multi Currency Course.

Learn how to subscribe here.

Gary

Join Merri, me and Jyske Global Asset Management at one of our courses. We review economic conditions, Ecuador real estate, my entire portfolio and our multi currency breakdown plus investing and business ideas for the months ahead.

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

Stay on for the real estate tour Cotacachi and surrounding areas. We’ll see real estate for sale on this lake.

Ecuador-lake-sites

Plus we’ll see homes at San Miguel and Prima Vera II.

cotacachi-ecuador-san-miguel

Primavera II $46,000 condos.

multi-currency-Ecuador-condos

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

Then travel to the coast and enjoy this Pacific surf that in November is warm!

Ecuador real estate for sale .

Salt or fresh water

Ecuador real estate for sale

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