With an economy as uncertain as the one we are living in today, now, more than ever, it is vital to guard what you have. Protected not just from what could happen, but what is already happening. And it’s only going to get worse.
I am sure you aware of what’s going on around you. At the end of last year the Bush Tax Cuts expired. Maybe you are one of the affected, someone who is already paying the price. Or maybe you weren’t….yet. There is no doubt that you will be soon. The government needs more revenues. Period.
Hiking up your taxes and having the Government squeeze every dollar from you that they possibly can is what Obama decided would be “fair.” Fair in the sense that those who had worked hard for their well-deserved lifestyle would be the ones punished. And what about Obamacare? Let’s not even get into how that is going to eat away at your paycheck.
What should you do to protect yourself?
Well, we all know what happened in Cyprus – with the government unscrupulously digging into bank accounts, robbing them, to bailout the Cyprus banks. Folks, there’s a lesson to be learnt from this scenario: don’t pull all of your eggs in one basket. Diversify. Dig into different jurisdictions and have assets in varying geographies. If all your eggs are in one basket, you are easy pickings for a hungry government.
How do I diversify?
It cannot be overstated that diversification is the wisest route when looking to protect your assets. All it takes is some focus on what you’re goals are, what you have now, what new baskets to consider, and then doing some due diligence.
One strategy to protect yourself and your loved ones is quite simple. It also is broad in that you’ll likely get multiple forms of diversity with one investment. And, when you find the right deal, it won’t cost you an arm and a leg. In fact, it can even make you money.
This strategy is property ownership. Property ownership touches upon every aspect of asset protection that you should be looking for when preparing to diversify. When strategically purchased, real estate ownership will provide you with:
- Geographical diversification
- Diversification of investment type and location
- Currency diversification
- An escape pad to protect your most valuable asset…. you
- The only asset not listed on 8938 when in held in personal name
- Income producing asset
- Appreciation by right timing of purchase
- Huge upsides by macro trend and information arbitrage
- Asset protection by asking the right questions
- A low cost of ownership
By owning just one other property in a different jurisdiction, you are diversifying your portfolio with a hard asset, and you are providing yourself with options for when things change too much for your liking. It just simply just makes sense to own at least one offshore property for all the reasons listed above.
There are a handful of great opportunities out there, waiting for wise folks like you to take advantage of them. From beachfront foreclosures in Costa Rica, to triple net lease units on the Caribbean island of Ambergris Caye, property in countries not yet popular but on fast track to mass acceptance. All you have to do is take the first step forward.
Stay tuned over the next few weeks to learn more about how property ownership will benefit you. You’ll see how it can be most rewarding asset you have ever owned. You’ll also learn how to ask the right questions so you can be sure that your investment in an offshore property is all you expect it to be. In the meantime, if you have any questions or thoughts about property ownership, or would like a sneak peek at the 15 questions, feel free to contact property@ecidevelopment.com.