News

  • Yesterday I learned about yet another incredible tax incentive
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    Yesterday, I was looking at commercial properties for an Opportunity Zone investment… and one project in particular is really attractive. The building itself is inexpensive– only a couple of million dollars to buy it and a few more to renovate. Frankly, for a large spacious office building in one of the best neighborhoods in the city, that’s really cheap. And the projected yields are in the double-digits. Lately, there have been lots of developments in… Read more
  • The Relative IM Market Share of Residence, Citizenship, and Entrepreneur Programs
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    Christian NesheimEditor  In the past, we’ve explored in detail the respective popularity, profitability, growth rates, and market sizes of the three sub-categories of investment migration (IM); residence by investment programs (RIPs), citizenship by investment programs (CIPs), and entrepreneur/startup visas (SUVs). Some examples of our past global, IM category-specific analysis: 57,000+ Chinese Spent More Than US$44 Billion on Golden Visas in Last DecadeWith More Than 100,000 Participants, Malaysia’s M2H Is The World’s Biggest Golden VisaGolden Visas:… Read more
  • Lower for Longer: Rising Vulnerabilities May Put Growth at Risk
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    By Tobias Adrian and Fabio Natalucci عربي, 中文, Español, Français, Português, 日本語, Русский The pace of global economic activity remains weak, and financial markets expect rates to stay lower for longer than anticipated in early 2019. Financial conditions have eased even more, helping contain downside risks and support the global economy in the near term. But loose financial conditions come at a cost: they encourage investors to take more chances in a quest for higher returns,… Read more
  • The Economic Cost of Devaluing “Women’s Work”
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    Kristalina Georgieva, Cristian Alonso, Era Dabla, and Kalpana Kochhar As much as half of the world’s work is unpaid.  And most of it is done by women. This imbalance not only robs women of economic opportunities. It is also costly to society in the form of lower productivity and forgone economic growth. It follows that a fairer allocation of unpaid work would not only benefit women, but would also lead to more efficient work forces… Read more
  • 82% of China’s Immigration Agencies Are Under Five Years Old – Deregulation Sets off Deluge in Openings
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    Christian NesheimEditor  Last month, we reported on an analysis from Chinese investment migration researchers that found China has between 4,857 and 27,238 immigration intermediaries, depending on how broadly you define the term. As explained in the previous article, the researchers devised two separate definitions; one strict, the other broad: “If a company has the words ‘entry/exit’ (出入), ‘immigration’ (移民), or ‘go abroad’ (出国) in its name/license and is still operational,” wrote Old Sean, “we can… Read more
  • The World Economy: Synchronized Slowdown, Precarious Outlook
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    By Gita Gopinath عربي, 中文, Español, Français, 日本語, Português, Русский The global economy is in a synchronized slowdown and we are, once again, downgrading growth for 2019 to 3 percent, its slowest pace since the global financial crisis. Growth continues to be weakened by rising trade barriers and increasing geopolitical tensions. We estimate that the US-China trade tensions will cumulatively reduce the level of global GDP by 0.8 percent by 2020. Growth is also being weighed… Read more
  • Cypriot MPs Once More Calling for Publication of Investors’ Names
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    Christian NesheimEditor  The Cypriot Data Protection Commissioner is compelled to appear before Parliament once more to urge lawmakers to place privacy protection above transparency as lawmakers debate whether to publish the names of CIP-applicants. Perdikis gets back on the horseGreens MP George Perdikis has tabled a bill that, if passed, would see the names and other personal details of applicants to the country’s citizenship by investment program (CIP) published in an official Gazette. This is… Read more
  • Here’s why the gold price could really soar over the next two years
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    At some point between the years 1483 and 1485, a Genoese businessman named Cristoffa Corombo had the opportunity to pitch his idea to King John II of Portugal. This period was the dawn of what historians call the ‘Age of Discovery,’ a time when European explorers sailed all over the world opening new trade routes. They were the tech entrepreneurs of their day, famous for their bold, absurdly expensive, and extremely high-risk ideas that often… Read more
  • Investment Migration People in The News This Week – Oct 7-14, 2019
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    Christian NesheimEditor  In this weekly segment, we provide a roundup of industry personalities’ appearances in the traditional media over the past week. Over the last seven days, the BBC, Bloomberg, SCMP, and the Bangkok Post have all run stories on residence and citizenship by investment. People who made appearances this week: David Lesperance, Ron Klasko, John Hu, Christian Kälin, K. Eli Akhavan, Carolyn Lee, Kathryn von Matthiessen, Bernard Wolfsdorf, Jürg Steffen, Eli McGeever, Mark Butler,… Read more
  • App. Backlog Nears 20,000 for Australia’s Business Innovation & Investment Visa
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    Christian NesheimEditor  Close to 80,000 investor migrants and family members had obtained Australian visas under the BIIP by the end of June last year, but 18,682 applicants were “in the pipeline”. Australia’s Business Innovation & Investment Program (BIIP, or, subclass 188) is the stream of Australia’s general migration program that relates to investor/entrepreneur-type visas. Over the last decade, 77,886 principal applicants and dependents have received visas under the BIIP, some 71% of whom were from… Read more
  • More Than 15,000 People Now Hold Greek Residence by Investment Permits
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    Christian NesheimEditor  The Greek golden visa program is raising capital to the tune of EUR 15-20 million a week, most of it attributable to Chinese investors. !function(){"use strict";window.addEventListener("message",function(a){if(void 0!==a.data["datawrapper-height"])for(var e in a.data["datawrapper-height"]){var t=document.getElementById("datawrapper-chart-"+e)||document.querySelector("iframe[src*='"+e+"']");t&&(t.style.height=a.data["datawrapper-height"][e]+"px")}})}(); In Q3, the total number of main applicant residence permits in circulation grew by 621 to 5,302. The figures indicate that growth in approvals in Q3 nearly equaled that of Q1 and Q2 combined. Aggregating main applicants and their family members, the… Read more
  • It’s “violence” to mispronounce someone’s name
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    Are you ready for this week’s absurdity? You might want to grab a drink for this one… or take a moment to listen to some soothing meditation music. Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, finances, and possibly your blood pressure. It’s “violence” to mispronounce someone’s name Let me ask you a question– how do you pronounce the name “Shea” ? My gut… Read more
  • Global Banks May Grow More Vulnerable to a Dollar Disruption
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    By Claudio Raddatz and Adolfo Barajas عربي, 中文, Español, Français, 日本語, Português, Русский When a Mexican airline buys Brazilian airplanes, it’s likely to finance the purchase with a US dollar loan obtained from a non-US bank. That’s just one example of the dollar’s outsize role in international financial transactions between non-US counterparts. What happens if non-US banks suddenly find themselves short of dollars? That was the case during the global financial crisis of 2007-2008, when… Read more
  • Cyprus Luxury Home Sales Slump on Introduction of CIP Contribution Requirement
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    Christian NesheimEditor  Following the Cypriot citizenship by investment program’s introduction of a €150,000 donation requirement in May, luxury property sales in Cyprus have taken a hit. Property sales in the country overall are down 6.6% compared to June (buyers who applied before May 15th were grandfathered in under the older rules), but the extent to which there is a causal relationship between the new CIP rules and the decline in property sales remains uncertain. While… Read more
  • Why you shouldn’t be able to drive to your bank
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    What is your favorite coffee shop or restaurant? Which doctor’s office and dentist do you prefer to go to? I bet these are all within, say, 15 minutes of your home. That makes sense–who wants to drive three hours to get coffee, or take a plane to their dentist? But what about your bank? If you live in the USA or Europe, chances are, the banks in your neighborhood probably aren’t that great. Europe in… Read more
  • Fiscal Policies to Curb Climate Change
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    By Vitor Gaspar, Paolo Mauro, Ian Parry, and Catherine Pattillo عربي, 中文, Español, Français, 日本語, Português, Русский Global warming has become a clear and present threat. Actions and commitments to date have fallen short. The longer we wait, the greater the loss of life and damage to the world economy. Finance ministers must play a central role to champion and implement fiscal policies to curb climate change. To do so, they should reshape the tax system… Read more
  • Connecting the Dots Between Sustainable Finance and Financial Stability
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    Evan Papageorgiou, Jochen Schmittmann, and Felix Suntheim عربي, 中文, Español, Français, 日本語, Português, Русский Unsafe working conditions. Use of child or forced labor. Environmental impact on protected areas. More and more investors are looking at issues and factors beyond traditional financial analysis when directing their money. Sustainable finance aims to help society better meet today’s needs and ensure that future generations will be able to meet theirs too. The latest IMF Global Financial Stability Report… Read more
  • Building Back Better: Funding The First Climate-Resilient Nation Through CBI
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    Housing DominicaSponsor The Commonwealth of Dominica, located north of Martinique and south of Guadeloupe, is a small volcano island at 750 sq. km in area, 42 km in length and 29 km in width. (Roughly smaller than New York City) The country is the “Nature Island of the Caribbean” because of its lush mountainous rainforests which is home to many endemic animals and bird species. In fact, only 20% of the land is flat enough… Read more
  • Beacon’s Hong Kong Summit to Open to the Public “In View of the Situation”
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    Christian NesheimEditor  Beacon Events, one of the investment migration industry’s most prolific conference organizers, has decided to open its upcoming Global Migration and Wealth Management East Asia summit to the public – presumably foregoing revenue from sales of its $2,395 delegate passes – “in view of the situation in Hong Kong”. In a message to IMI, Jean-François Harvey – Global Managing Partner of HLG, the event’s founding sponsor – hints that the ongoing turmoil in… Read more
  • The next big investment trend is on sale right now
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    In July 1994, an ex-hedge fund VP left his cushy Wall Street job and started a new company called Cadabra, Inc. He wanted to capitalize on an emerging trend that was called the “Information Superhighway” back then, what we now know today as the Internet. Cadabra was an early ‘dot-com’ company. But as more and more people started accessing the Internet in the mid-1990s, the number of dot-com companies exploded. Before long, there were countless… Read more
  • Widening Gaps: Regional Inequality within Advanced Economies
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    By John Bluedorn, Weicheng Lian, Natalija Novta, and Yannick Timmer عربي, 中文, Español, Français, 日本語, Português, Русский Differences in economic performance between regions within countries can be large and sometimes even larger than between countries. For example, average real GDP per person in the United States is about 90 percent higher than in Slovakia. At the same time, within the United States, per capita GDP in the state of New York is 100 percent higher than… Read more
  • How To Reignite Growth in Emerging Market and Developing Economies
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    By Romain Duval and Davide Furceri عربي, 中文, Español, Français, 日本語, Português, Русский Emerging markets and developing economies have enjoyed good growth over the past two decades. But many countries are still not catching up with the living standards of advanced economies. At current growth rates, it would take more than 50 years for a typical emerging market economy to close half of its current income gap in living standards, and 90 years for a typical… Read more
  • Investment Migration Advisors Need to Talk to Clients About Health Insurance
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    Kevin Bürchler Swiss Insurance Partners AG  Since the ’90s, residency and citizenship planners, investment migration agents, lawyers, and other consultants have continuously honed their skills in advising clients on finding the right program to satisfy their objectives. During the same period, RCBI jurisdictions have continuously improved their programs to offer remarkable solutions and attract investors by meeting those objectives. While clients’ motives vary from case to case, most are recurring: A safe and stable environment… Read more
  • Gold’s long-term gains have even outperformed Warren Buffett…
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    Warren Buffett, despite his extraordinary investment success, has a rather famous and long-standing love/hate relationship with precious metals. Maybe it started with his dad– Congressman Howard Buffett of Nebraska– who, as a staunch advocate for the gold standard, argued to his colleagues on Capitol Hill that “paper money systems have always wound up with collapse and economic chaos.” var options={fallbackLink:' This browser does not support inline PDFs. Please download the PDF to view it: Download… Read more
  • You can now be fined $250,000 in New York City for saying this phrase
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    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty and finances. New York City starts banning words You can now be fined $250,000 in New York City for using the term “Illegal alien” in a negative way according to new guidance from the City’s Commission on Human Rights. This applies to landlords, employers, and in public accommodations. So… Read more
  • Four rules for storing physical gold overseas
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    In early May in the year 878 AD, Alfred the Great of the Kingdom of Wessex fought a decisive battle against a massive Viking army at a place called Ethandun in southwest England. Alfred won the battle, defeated the Vikings, recaptured London, and united England under his rule; he’s generally considered to be the first King of England. One of his first orders of business was to mint silver coins so that his newly unified… Read more
  • To Tackle Housing Affordability in Canada, Build More Houses
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    By Michal Andrle, Cheng Hoon Lim and Troy Matheson Français Policymakers across the world worry about affordable housing. They should. It represents the cost of a basic human need—shelter. Canada is no exception as it grapples to provide affordable housing in some cities, like Vancouver and Toronto, where rents are high, and for many, the dream of owning a home has faded. People who can afford a down payment typically borrow as much as they… Read more
  • 1,015,736,491,184 reasons to have a Plan B
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    Precisely one year ago today, the US federal government opened Fiscal Year 2019 with a total debt level of $21.6 trillion: Specifically, the US federal debt on October 1st last year was $21,606,948,183,180.23 Today is the start of the government’s 2020 Fiscal Year. And the total debt is now $22,622,684,674,364.43 That means they accumulated more than $1 TRILLION in new debt over the course of the 2019 Fiscal Year. Think about that for a moment:… Read more
  • The only fix is taking matters into your own hands
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    On Friday evening, the government here in Puerto Rico made an announcement to local retirees that many of them would have their pensions cut. Poof. Just like that. The pension cut is part of a debt restructuring plan to help Puerto Rico emerge from bankruptcy, which they declared in May 2017. Bankruptcy is complicated, so I’ll explain a bit here. When individuals, corporations, and even local government take on so much debt that they can… Read more
  • chart of the weekMobile Money Spreads to Asia
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    By Esha Chhabra and Bidisha Das Thanks to mobile money, any person with a basic phone can now make cash transfers, pay bills, and send money to family members abroad without having a bank account. This is a game-changing innovation, particularly for the world’s poor as it is easy and cheap. Our chart of the week from the IMF’s Financial Access Survey shows the growth in mobile money accounts across regions. While mobile money continues to… Read more
  • Indian airline passenger caught smuggling gold in his man boobs
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    Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty and finances. And for our Jewish readers, l’shanah tovah tikatev v’taihatem. NBC news wants you to confess your climate sins Bless me media, for I have sinned. NBC news is soliciting comments from readers on how they could do more to prevent climate change. “Even those who care deeply… Read more
  • We Not So Crazy after all…
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    I’ve never really been prone to schadenfreude— a feeling satisfaction from someone else’s misfortune. But I am a big believer in the Karmic justice. If you’re a dirty scumbag who constantly lies, cheats, and steals, sooner or later the universe is going to catch up with you. And I love seeing justice served. That’s why I couldn’t help but feel delighted when I saw that Adam Neumann, founder of the so-called ‘We Company’, stepped down… Read more
  • This law allows hospitals to kidnap you for profit
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    An 89 year old man named Robert Allen was feeling depressed after Christmas. He went to the emergency room, and told the doctor that he had thoughts of hurting himself. Using his powers under the Baker Act, the doctor sent Robert to a mental health facility called North Tampa Behavioral. Florida’s Baker Act allows doctors, police, or judges to involuntarily commit patients to psychiatric hospitals for up to 72 hours if they show signs that… Read more
  • How Anti-Fragile are you?
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    I arrived back home to Puerto Rico late last night after traveling back from our Total Access event in Las Vegas. It was probably around 11:15 pm when I climbed into bed. And, within minutes, just as the sound of the waves outside was carrying me off to sleep, the whole house started violently shaking. It turned out to be a magnitude 6.0 earthquake, about 20 miles off the west coast of the island. I… Read more
  • What I learned from having my mind manipulated this weekend
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    There are few times in life when you have the opportunity to witness a master at work… someone who is truly the best in the world at what they do. Whether it’s the world’s greatest chef, a champion athlete, a master pianist, or even the guy who holds the world record for being able to recite the first 70,000 digits of Pi, it’s always exciting to see the best at work. Apollo Robbins is the… Read more
  • Swedish man fined $2,000 for someone else’s “hate speech”
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    Happy Friday everyone. I’m en route to Las Vegas today where we begin a wonderful weekend gathering with our Total Access members. But I wanted to send you this quick roll-up of the most outrageous (and comical) stories we’re following which affect your liberty and finances. Let the absurdity begin! Swedish man fined $2,000 for someone else’s “hate speech” There’s a Swedish Facebook group known as “Stand up for Sweden”. The group is primary political,… Read more
  • Fastest citizenship by investment passports
    Which is the fastest citizenship by investment passport program? We have some answers for you. In 2019, Vanuatu and Saint Lucia has significantly improved their application processing times. As of today, Vanuatu has the fastest passport for investment. Vanuatu approves all applications and issues passports within 1 month time. Most caribbean countries take 2 months of processing time as this time consumed by due diligence checks report received from service providers. Citizenship units cannot approve… Read more
  • The Bolsheviks even want to tax your toaster oven…
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    In a concept paper called “Treat Wealth Like Wages”, the ranking member of the US Senate Finance Committee laid out a plan late last week to radically overhaul the tax code in a way never before seen. Just as you’d expect from the title, his central idea is to tax wealth; if you own just about anything, this Senator wants you to start paying an annual tithe to the federal government. It’s sort of like… Read more
  • The most profitable business in the world
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    More than 5,000 years ago on a hilltop located in modern-day Georgia (the country, not the state), a group of people from the prehistoric Kura-Araxes civilization gathered their primitive tools and began to dig. It took years. But they eventually burrowed 20 meters deep into the earth and constructed a network of elaborate tunnels. Thousands of years later, archaeologists and geologists figured out why: the Kura-Araxes were digging for gold. And that site, known as… Read more
  • Eating human flesh is the latest idea to stop climate change
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    Get ready for your Friday absurdity! Here are this week’s stories: Professor advocates for cannibalism to fight climate change If you’re concerned about the human impact on Earth’s climate, you could plant a tree, install solar panels, ride a bike, or eat your dead relatives. Don’t let that sack of meat decompose. Put it to good use, save a cow, and sequester that carbon into your own body. At a summit in Sweden about the… Read more
  • The price of gold just hit a record high
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    A few hours ago, the European Central Bank announced a bonanza stimulus package: interest rate cuts, money printing, quantitative easing, the whole nine yards. Europe’s economic growth has ground to a halt. The German economy actually shrank last quarter, according to official statistics. So the European Central Bank is throwing everything including the kitchen sink at this problem. Their stimulus package is like a monetary defibrillator trying to shock Europe’s economies back to growth. It’s… Read more
  • The Bolsheviks hate Opportunity Zones. But they’re working.
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    Lately I’ve been looking at a number of office buildings in San Juan– I own two businesses that are based here in Puerto Rico, and it’s about time the team moved to a larger space. I was really impressed with what I saw– there are a number of compelling new commercial real estate projects in Puerto Rico right now… and almost all of them are due to the Opportunity Zone legislation. We’ve talked about this… Read more
  • Here’s every reason to avoid buying a gold ETF
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    Buckle up, this one’s going to be entertaining… because I should have called this note “Why you should always read the fine print.” This morning I read through the prospectus and annual reports of the most popular Gold ETFs in the world. First, some background: ETF stands for ‘exchange-traded fund’. It’s sort of like a mutual fund that’s listed on the stock exchange, meaning investors can buy/sell shares of an ETF just like they would… Read more
  • It’s now “incendiary” to say there are two genders
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    Happy Friday everyone. Let’s bring on the weekly absurdity! School cop handcuffs and screams at autistic 8-year-old An eight year old autistic boy in Southlake, Texas became agitated in his guidance counselor’s office. At one point the child became fidgety and took out a jump rope (that had been provided to him by the school). Amazingly enough, the counselor felt threatened by this and asked the school cop to come into the office. So the… Read more
  • Here’s a really unique way to own gold
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    Last week we dove into a series about different ways to own gold. And I explained in that first article why it’s a great idea to own physical bullion– gold you can hold in your hand. With physical gold, there’s no middleman standing between you and your wealth. And when properly stored, it’s very difficult for some frivolous creditor or out-of-control government agency to steal it. When it comes to physical gold, I explained that… Read more
  • Think about this if you own Hong Kong dollars
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    On January 20, 1841, after delivering a series of military defeats to Imperial China in the First Opium War, British forces landed in Hong Kong and took control of the island. Hong Kong was hugely important for the British economy because it ensured access to the Chinese market. And they went to war multiple times to keep control of the island. In 1898 the two empires signed a lasting peace treaty whereby Britain agreed to… Read more
  • Feminist thought leader claims milking cows is the same as rape
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    Welcome to our Friday roll up, where we highlight the most interesting, absurd, and concerning stories we are following this week. Local tax collector ruins children’s entrepreneurship event Every summer, a Utah non-profit agency called the Libertas Institute holds an entrepreneurship event for children. It’s a wonderful idea– children as young as 5 gather together in a marketplace to buy and sell products and services that they’ve created to one another. And parents are strongly… Read more
  • Here’s how you can invest like Paul McCartney and Michael Jackson
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    In 1978, a scruffy-looking Frenchman named Patrick Hernandez signed his first-ever recording contract. He had spent the better part of the previous decade touring ballrooms in France, backing b-class singers without any real success to show for himself. But in late 1978, he released his very first single, “Born to Be Alive.” The song was an instant hit. It hit the number 1 spot in France, and within a few months, sold over a million… Read more
  • How to become a billionaire in five easy steps
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    Every morning here in Puerto Rico, I wake up around 6am as the sun rises over the ocean in front of my house. And I pretty much head straight to the gym. Once there, one of my favorite medieval torture devices is a fairly new exercise bike called a Peloton. In case you haven’t used one before, a Peloton is like any other stationary exercise bike. You pedal a lot, and it sucks. The key… Read more
  • I can’t wait until these people are in charge of healthcare…
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    Last week at a Bernie Sanders campaign stop, someone ask him a question that began with, “Yesterday, oligarch David Koch passed away…” The Bolshevik crowd interrupted immediately with ebullient cheers, joyfully celebrating the death of a man they had never met and knew nothing about. If you hadn’t heard, multi-billionaire David Koch died last week at the age of 79 after a prolonged battle with cancer. Along with his brother Charles, David Koch was co-owner… Read more
  • Here’s a dirty secret few people know about gold
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    In 1962 in a picturesque setting in Santa Barbara, California, two local entrepreneurs opened a low-cost, roadside inn where the nightly room rate was just $6. They called it Motel 6. And today the chain has grown to over 1,400 locations. If you want the most straightforward explanation for why you should own gold, consider your local Motel 6. It’s noteworthy that, today, the very same Santa Barbara location now rents its rooms for nearly… Read more
  • The government gave her son a sex change without parental consent
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    Welcome to our Friday roll up, where we highlight the most interesting, absurd, and concerning stories we are following this week. Can’t sue cop for breaking domestic violence victim’s bones It all started when a boyfriend playfully tried to push his girlfriend into the pool. Most people would see that as harmless horsing around. But one lady saw domestic violence. So she called the police. Police came and arrested the boyfriend. His girlfriend, the alleged… Read more
  • There are some enormous benefits in setting up a Solo 401(k)
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    Earlier this year the US government reported that Social Security’s long-term, unfunded liability now exceeds $50 TRILLION. Moreover, they forecast that the Social Security and Medicare trust funds will run out of money in 2034. This is the government’s own calculation. (And the government’s math is based on rosy assumptions that there will be no more wars, recessions, financial crises, major disasters, etc. which could make the problem even worse.) Bottom line: The younger you… Read more
  • 4 compelling reasons to be thinking about gold
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    From time to time it’s important to take a giant step back and take a fresh look at everything that’s going on with a big picture perspective. The last few weeks has been nothing short of incredible… so many important things happening that have never happened before ever. Let’s take a step back together: 1) $50 billion to “elevate your consciousness” As we discussed on Monday, WeWork filed its formal IPO paperwork in the United… Read more
  • Just when you think you own your own private property…
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    The year was 1967. Ronald Reagan had just become governor of California. Aretha Franklin was belting out R-E-S-P-E-C-T on the radio. Marxist revolutionary leader Che Guevara was captured and executed in Bolivia. And a restaurant chain called The White Spot opened its newest location in Denver, Colorado. It was a popular diner; the White Spot served pancakes and milkshakes to customers for decades, and ownership of the Denver location eventually changed hands when an entrepreneur… Read more
  • The latest sign that absolutely nothing makes sense
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    In the latest sign that absolutely nothing makes sense anymore, WeWork filed formal regulatory paperwork with the Securities and Exchange Commission last week, officially notifying the world that it will soon be going public. If you haven’t heard of WeWork (or it’s parent– ‘The We Company’), it’s a real estate company that owns practically zero real estate. Instead, they lease vast amounts of office space in commercial buildings on long-term contracts, and then sub-lease that… Read more
  • Medical patient falls off the examination table, sues his physician. . .
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    Welcome to our Friday roll up, where we highlight the most interesting, absurd, and concerning stories we are following this week. New Zealand officially legalizes paying employees with crypto-currency  New Zealand issued a tax bulletin this month officially recognizing that it is legal for employers to pay employees with crypto-currencies like Bitcoin. The crypto-currencies just have to be able to be converted into fiat currency… which is typically the case with every major crypto. This… Read more
  • Yellow Citizenship for the CBI industry
    We have coined new term “Yellow” citizenship and launched as new brand for the Citizenship by Investment (CBI/CIP) industry. The word comes from gold which glitters with shiny yellow color. The Yellow citizenship is an instant citizenship acquired within 3 months under CBI programs. Prices start from $100,000 and such schemes currently running in 12 countries in Europe, Asia pacific and Caribbean.y The Yellow passports are also called shiny ‘Golden passports’ afforded by HNW families.… Read more
  • Italy was the world’s superpower TWICE. They screwed it up both times
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    In 750 BC, according to ancient legend, the twin brothers Romulus and Remus founded a tiny hilltop settlement in central Italy. Romulus slew his brother for violating a magical superstition, and then named their new city after himself: Rome. And for the first several centuries of its existence, Rome was nothing special. It was one of many minor kingdoms on a peninsula controlled by the Etruscan civilization… and existed at a time when Greek city-states… Read more
  • The Federal Reserve might as well use carrier pigeons
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    In the early 1760s, Mayer Rothschild began building a banking dynasty that would last for centuries. The elder Rothschild sent his five sons across Europe to establish banks in cities like Paris and London. One son, Nathan Rothschild, took the lead and expanded the family’s banking dynasty. With siblings in different countries, the family now had a trusted network of lenders with whom they could finance large government projects like infrastructure and war. To quicken… Read more
  • 106: Central banks should consider giving people money
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    I thought in this age of insanity that we are living in, nothing would surprise me anymore. But sure enough, there was a headline in the Financial Times the other day, “Central banks should consider giving people money.” It seems almost impossible that someone could believe in something so ridiculous. And yet this is the world we are living in. The path to prosperity is now based on unelected central bankers conjuring millions of dollars… Read more
  • Why Now Is The Perfect Time To Invest In Antigua Real Estate
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      Multiple Caribbean countries offer Citizenship by Investment Programs. The program offered by Antigua and Barbuda however is the best real estate investment opportunity for wealthy families. It is also perfect for those looking to acquire a new passport within a few months so they can travel more freely around the world. Here are some of the many reasons why you should not wait to apply for the Commonwealth’s most luxurious Citizenship by Real Estate Investment… Read more
  • Dad sued for slander because he criticized the education system
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    Welcome to our Friday roll up, where we highlight the most absurd and concerning stories we are following this week. Dad sued for slander because he criticized the education system Careful what you say about your kid’s public school curriculum. The company behind a controversial common core math program in North Carolina is suing a dad for libel and slander. The parent of a high school student has been on a “crusade,” the lawsuit claims,… Read more
  • When in Rome, get Italian citizenship
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    It was probably after 2am last night when I walked up the stairs to bed after a marathon seven hour dinner. But that’s pretty normal here. This is the eighth year in a row I have spent my summer holiday at this 400 year old villa in the Italian countryside. I invited a number of my close friends, family, and Total Access members to relax and break bread. We always end up engaging in some… Read more
  • Why this is one of my favorite cities in Europe
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    I feel like a complete broken man right now. I’m exhausted. Sleep deprived. Malnourished. My muscles are sore. My back is killing me. I’m so hoarse I can barely speak. Yet despite all that I couldn’t possibly be feeling more excited and exhilarated. My 10th annual liberty and entrepreneurship workshop just ended yesterday here in Lithuania. And as you can tell, it’s a physically and mentally draining event. The workshop is five full days (and… Read more
  • 10 year old charged for assault… with a dodgeball
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    Welcome to our Friday roll up, where we highlight the most absurd and concerning stories we are following this week. 10 year old charged for assault… with a dodgeball A ten year old boy will be brought to juvenile court on assault charges. His heinous crime was hitting another 10 year old in the face with a dodgeball at recess. He originally got suspended from school for one day… which seems like a more reasonable… Read more
  • The Treasury Department is in desperate need of a sucker
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    Ten years ago, at the peak of the global financial crisis, the Board of Trustees which oversees Social Security in the United States issued a stark warning: They projected that Social Security’s enormous trust funds would completely run out of money in 2039. Naturally nobody paid attention. Back in 2009 the economy in shambles, so focusing on a future economic crisis that was more than three decades away was a low priority. And for the… Read more
  • Here’s how you can protect yourself from crazy lawsuits like this one…
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    Our annual Sovereign Academy is just around the corner. Each year, I invite the most talented entrepreneurs I know to teach and mentor a group of 50 young people from around the world. The camp is entirely free for students – I pay for everything myself out of pocket. It’s also one of my favorite times of the year. One of the mentors there has been with me since the inception of the camp nearly… Read more
  • The federal government sold your Social Security Number for FIVE dollars
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    The federal government sold your Social Security Number for FIVE dollars Welcome to our Friday roll up, where we highlight the most absurd and concerning stories we are following this week. Equifax fined $700 million… for 147 million person data breach Do you remember back in 2017 when Equifax (the giant consumer credit agency) admitted that it had been breached? Hackers broke into Equifax’s databases and stole personal and financial records of 147 million people.… Read more
  • The easiest (and safest) return on investment you’ll ever achieve
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    In 1993, William Kurt Hauser, a San Francisco investment analyst, presented his results from an incredibly interesting study. Hauser had analyzed tax revenues in the United States over time and came to the conclusion that tax revenue as a percentage of GDP had remained around a narrow band of 19% since 1946. That was astonishing. After all, over that same period, tax rates had been all over the place. The top marginal tax rate was… Read more
  • Here’s a phrase you’ll never hear again in the USA
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    “Gentlemen… the National Debt… is paid.” That sentence has been uttered in Washington DC exactly one time ever, by a Senator announcing that the US government was officially debt free. That was on January 8, 1835 when the debt that the United States government had accrued since its birth was finally paid off. Never again would the United States be debt free. It took 174 years for the debt to rack up to a mind… Read more
  • US teacher’s union prioritizes “white fragility” over children’s education
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    Here’s our Friday roll up of the most bizarre stories we’re following this week. Mom can’t sue cop who accidentally shot her child On July 10, 2014, a Sheriff’s Deputy from a rural county in southern Georgia was in pursuit of a suspect when he wandered onto the property of Ms. Amy Corbitt. Corbitt’s ten year old child was playing outside with several other children (as young as 3 years old), under the supervision of… Read more
  • Living like a Hollywood king in Bangkok, Thailand
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    The first time I met Steven Seagal, it was in the lobby of a posh hotel in Bangkok, Thailand. He came downstairs sharply dressed, complete with his yellow-tinged ‘Tony Stark’ sunglasses, ready to hit the nightclubs for the evening. My friend Adam introduced us. Steven bowed to me, and, slightly puzzled, I bowed back, unsure if we were saying hello or preparing to engage in ritualistic combat. Fortunately it was the former, and Steven left… Read more
  • Top Citizenship by Investment Rankings
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    We have developed a PBS ranking model taking into account 30 very important factors to rank the Best CBI program out of 14 schemes that exist in Europe, Caribbean, Asia and Oceania.   Our first of the kind mathematical model in the CBI industry, gives answer on which is the best citizenship by investment program in the world.   CBI PBS Score Rank    Malta 134 1   Grenada 130 2   Cyprus 126 3  Bulgaria 125 4  Montenegro 118… Read more
  • New CBI Price comparison tool
    New tool to compare the prices of citizenship by investment (CBI) programs and find the cheapest citizenship program in terms of prices.   The automatic tool calculates the donation fee, real estate fee, due diligence fee, passport fee for single applicants, spouses and family members for 10 CBI countries.   Antigua Dominica Grenada Malta Cyprus St Kitts and Nevis Saint Lucia Vanuatu Moldova Montenegro   This tool is a beta launch version.   The using… Read more
  • Gold Passports have become Luxury status symbol of the Rich
    Gold passports have become a modern day ultimate luxury status symbol replacing fast cars, yachts and expensive jewellery among the rich and wealthy. The Rich and wealthy are spending six figures for passports and citizenship.   According to a recent Knight Frank 2019 survey, there are an estimated 71,300 UHNWI’s already hold a second passport. That is one third of them already hold one, while another one third are planning to obtain one. Ultra high-net-worth individuals (UHNWI) are… Read more
  • A Growing Economic Class in Canada’s Immigration
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    With today’s global uncertainties, individuals are coming to Canada from everywhere around the world in order to preserve their children’s future, escape their country’s situation and to have peace of mind. As the second largest country in the world, Canada represents a true opportunity for individuals who are looking for an incomparable quality of life, away from present turmoil and uncertainties for themselves and their family. Canada offers access to a second residence in a… Read more
  • Montenegro citizenship by investment: Program overview
    Interest in second citizenship programs is growing with each passing year. Which is quite logical, since passport programs offer a variety of new opportunities for investors. Previously, it was possible to obtain a European citizenship through investing in a Cypriot, Maltese or Bulgarian economy. This year, the second citizenship market welcomes a new member, Montenegro. That is why many are already seeking to find out how profitable the Montenegrin CBI program is and what are… Read more
  • Portugal issued 400 golden visas for capital transfer
    Portugal has issued 400 golden visas under the capital transfer option, according to the latest SEF statistics.   The Capital transfer option was launched under ARI golden visa scheme in Dec 2017 expanding the scope of options outside the real estate investment.   The capital transfer scheme is the cheapest option starts with 250,000 euro investment for supporting the arts, for reconstruction or refurbishment of the national heritage institutions.     The following are five… Read more
  • Saint Lucia amends CBI Act
    Saint Lucia has amended Citizenship By Investment Act 2019 allowing the possibility of citizenship holders include dependants within 5 years post granting citizenship.   CIP Saint Lucia invites CBI applicants to invest in non-interest bearing government bonds USD 500,000.   The bond investment is the cheapest compared to donation option. Financing  possible for certain applicants, the client has to pay only pay government bond fee, plus due diligence fee.   Bond Fee   Applicant applying… Read more
  • Ireland tops Golden visa rankings with best citizenship in the World
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    Ireland has taken second spot in Best citizenships rankings for 2019.  Ireland took second place in overall rankings of 190 countries and taken first spot among countries that offer golden visa schemes according to Best citizenships study.   The study took into account over 15 metrics such as healthcare, economy, GDP, freedom, human development, strong currency, naturalization time for citizenship, birthright citizenship, dual citizenship etc.. using a mathematical model.   Golden visa rankings These countries… Read more
  • Canada New Brunswick entrepreneur scheme
    The New Brunswick province of Canada, offers a new golden visa scheme known  New Brunswick entrepreneur program to international investors.   This scheme requires CAD 250,000 investment in hotels, healthcare, hotels creating new jobs for the province.   Currently New Brunswick has the cheapest immigrant investor program for Canada, as Quebec in 2019 QIIP reforms increased the qualifying investment from CAD 800,000 to CAD 1,200,000 and also subjected to 1900 limited quota.   The New Brunswick… Read more
  • What is Corporate Citizenship by Investment?
    The Corporate Citizenship by investment (CCBI)  is a new concept for business investors, only became popular after late 2010.   The whole idea is applying investment model  to acquire a citizenship through corporate investment. The investment must create jobs, sustainable development and economic growth in the country.   Corporate investors investing in new hotels, resorts or other enterprise projects in sustainable development, are eligible for citizenship through investment schemes.  All corporate investors who own shares… Read more
  • Three steps to successfully invest in real estate
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    Real estate has always attracted investors who wished to invest in tangible, solid assets, in a strong geopolitical and economic context. But if you reside in a country where the economy and the geopolitics show regular signs of instability, it might be preferable to consider investing in real estate abroad. This also applies if your neighboring countries are faced with some crisis that could quickly affect you. Indeed, investing in real estate abroad, in a… Read more
  • Citizenship & residency by investment: Guide on how to choose a program
    In this article we will share the insights based on 200+ cases from out practice and will explain how you can choose a residence permit and citizenship by investment program. In addition to the main criteria such as the cost of the program, duration of application process, the list of visa-free countries, etc., you should also take into account the program effectiveness. Regardless of the status you eventually choose, the main goal is to obtain… Read more
  • Egypt’s citizenship by investment: Cost and Conditions
    A new player has emerged on the investment immigration market. The Egyptian Parliament has amended the country’s legislative framework so that ultra high-income foreign citizens will be able to obtain the country’s citizenship. This way, the authorities intend to repay the International Monetary Fund-issued loan. Egypt is currently implementing a number of economic reforms, including the creation of favorable conditions for foreign investors. According to the requirements of Egypt’s passport program, a foreigner is issued… Read more
  • Moldova Citizenship by Investment Program: Re-launch peculiarities and passport cost
    In September 2017, the government of the Republic of Moldova announced the launch of their Moldova Citizenship By Investment program (MCBI). According to the changes in legislation, now wealthy investors are allowed to obtain a passport of Moldova by investment. It was expected that the citizenship status would be available for purchase either via donations to the national fund, via buying government bonds, or via buying real estate. Despite being theoretically ready, the program was… Read more
  • Buy citizenship with bitcoin: Migronis & BankEx launch revolutionary project
    The first news about a possibility to purchase a second citizenship by investment with cryptocurrency appeared in October 2017. It was the Government of Vanuatu that made this announcement. However, in about 2 weeks after the announcement, the news appeared to be untrue. The second time we heard that citizenship can be bought with bitcoins or other cryptocurrency was in July 2018. This time prime minister of Antigua and Barbuda stated that it would be… Read more
  • Antigua and Barbuda citizenship by investment program: Is it possible to use Bitcoin Cash to buy a second passport
      Interesting things are happening around Antigua and Barbuda citizenship by investment program. Cabinet has announced the funds received under the new investment option would be spend on the future university of Antigua and Barbuda. It would be established in Five Islands Village. According to the data by coinbase.com and coingeek.com, it will be possible to use such cryptocurrency as Bitcoin Cash (BCH) to purchase passport of Antigua and Barbuda under citizenship by investment program… Read more
  • What is the real price of real estate in Cyprus that is offered under citizenship by investment program
    In the first quarter of 2018, the number of real estate transactions in Cyprus increased by 41% compared to the same period in 2017. According to the Cyprus Department of Lands and Surveys, from January to March, 2,129 purchase contracts were registered. A year earlier, during the same period, 1,505 real property items changed their owners. What was the impact of the economic citizenship program on the Cyprus’ real estate market? What is the real… Read more
  • Real estate in Cyprus: Detailed guide to buying property to further obtain the passport of Cyprus
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      Cyprus has gained the reputation of one of the most popular locations for buying real property for investment purposes. Beyond that, purchasing an apartment or villa on the island is a means to qualify for the EU passport which grands a number of advantages that are pleasant and indispensable to businessmen (visa-free travel around the world, reduced taxes, etc.). What are the general principles of choosing and buying real property in Cyprus and how… Read more
  • Buying property in Cyprus: Legal process and main issues
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    Last year there was a 24% increase in the number of property transactions (sale and purchase) compared to 2016. The forecast for 2018 is also positive. In April 2018 alone, the total amount of housing/commercial property and land transactions was 29% higher than the one recorded in the same period of 2017. The figure keeps growing. Half of Cyprus’s real estate sold between January and April 2018 was obtained by foreigners. The statistics have been… Read more
  • What real property taxes are paid by foreigners applying for citizenship by investments in Cyprus
      Buying property in Cyprus is not just a fancy trend followed by wealthy people, but also a profitable investment tool. By acquiring residential or commercial property a foreign investor may qualify for obtaining the citizenship of Cyprus. Today’s article is mainly for those who are planning to buy property in Cyprus in order to obtain citizenship by investment. We will give the insights on which additional duties and taxes must be paid when buying… Read more
  • 5 Myths About Hedge funds
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    Increasingly sought after by high net worth investors, alternative financial products are an excellent way to diversify your portfolio and thus mitigate the risks typically associated with traditional investments. Alternative products include hedge funds, which, depending on their strategy, can offer many benefits, while securing the future of your financial wealth. For many, they remain complex products whose benefits are not sufficiently known. This calls for a little demystification. We debunk 5 myths about Hedge… Read more
  • The Unravelling of the Diplomatic Passport
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    Once considered an ace in the hole for the most influential of travelers, the diplomatic passport has now come under intense scrutiny. Holders of the diplomatic passport are therefore facing the loss of this privilege, and left in search of an alternative. Read more
  • Wealth Preservation: A Multiple Citizenship Strategy
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      In today's turbulent geopolitical environment, it can be hard to find a refuge from economic instability—and when you've been trusted with multigenerational wealth or have worked hard to leave a legacy for your loved ones, the last thing you want to do is put your wealth at risk. For many, multiple passports and foreign real estate investment can be a hedge against uncertainty in your home country. This article is the third in a… Read more
  • How to Protect your wealth in an uncertain economic environment
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      Several factors influence the economic health of a region. Today, the uncertainties that prevail in many countries around the world are often the result of policies that destabilize the economic progress of these countries. Read more
  • Wealth Preservation: Why Geographical Diversification is a Key Strategy
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      Today’s global uncertainties include economic instability, geopolitical conflicts, and sudden spikes and dips in various currencies. These factors can converge to force many international high net worth investors to seek refuge in more reliable investments as a means of securing the future. Asset diversification is no longer sufficient to avoid the sudden spikes and dips that can be inherent in today’s volatile economies--instead, geographical diversification represents an important strategic key. This article is the… Read more
  • Wealth Preservation: An Alternative Investment Strategy
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      Most investment advice tends to be one-size-fits-all. Discussions of finding index funds with low fees and the "right" amount to save for the future can be useful for beginner investors, but don't begin to scratch the surface of your needs when the value of the investments you manage is in the multi-comma range. This blog series focuses on some of the unique and varied ways high net worth investors (HNWIs) can preserve their wealth.… Read more
  • 5 Facts About Alternative Investments for High Net Worth Investors
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      Those who have amassed their wealth by sticking with run-of-the-mill stock and bond offerings may wish for the excitement of innovative new investments. And when volatility seems to be at an all-time high, with news reports often prompting mega equities swings without any change in the market's underlying fundamentals, diving into a smaller pool of more seasoned investors can seem like a wise choice when wealth preservation is your goal. Some alternative forms of… Read more
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