Of all the Latin American countries, guest correspondent and on-the-ground investor Darren Kaiser believes one country stands out as the clear winner when it comes to real estate investment potential: Chile. Today, he shares how he came to this conclusion as well as his thoughts on other local jurisdictions.
The price of gold has been fluctuating a lot lately - a trend that is likely to continue and possibly become even more volatile. Jeff Thomas explains.
Whether at home or abroad, scams are ever present. But, to be educated and prepared is to be forewarned and forearmed. Today, Linda Card examines scams foisted on naive travelers by taxi drivers.
Last week Mark Svoboda introduced us to Paraguay, his latest stop on a search to find his next Shangri-La. Today Mark talks about the transportation and medical care one can expect in this sleepy South American country, as well as potential downsides and residency options.
It will be no surprise that, in much of the developed world, the current zeitgeist is one of impending economic (and sometimes political) collapse. Today, Jeff Thomas questions how we came to this situation and puts forward three theories that might help explain it.
Over the course of the last several months, we've followed the journeys of Mark Svoboda as he's traveled from Singapore to Tanzania, Malaysia to Colombia. Today Mark stops off in Paraguay, where he and his wife traveled to start their residency process...
Two isolated, feisty countries, with a shared heritage that squabble like siblings. Spend a bit of time in either country and you'll hear a litany of jokes disparaging the other. The bigger one picks on the smaller one, and the smaller one gives as good as it gets. Suggesting to a local that the two have anything in common will provoke outrage, but what do the differences actually mean?
Just as there is a technique to avoid being thrown from a bucking bronco, there is a right way to survive the continuing wild ride in the economy. Get a good grip, remain flexible and, as much as possible, go with the flow. Jeff Thomas explains.
When did America cease to be the model of justice to the world and a paradigm for institutionalized corruption? Dale Sinner discusses the state of the US legal system and what seems to be a continuing trend towards something quite different than what the Founding Fathers would have intended.
A recent Asset Diversification thread at the IM Forum addresses the choices and difficulties involved in sending funds overseas from the US. In today's piece, Linda Card explores some of the possible legal ramifications of such transactions. As she reveals, we may not be fully aware of the costs of our innocent actions.
No matter how you do it, living the PT life means a lot of travel. That usually means planes, trains, automobiles or a combination of the three. Or, you could try something a little different - RVing.
Economic hardship begets anger, and anger begets riots. And war. Why? And what can we do about it? Jeff Thomas examines some causes of riots and war before turning his attention to an unconventional insurance policy worth considering.
Remember 1984? The book, not the year. In it, the government is all-knowing, or at least all-watching. Could present day nations be turning into this kind of authoritarian (dare we say "totalitarian"?) Orwellian nightmare? New laws in several countries seem to be tossing out many rights that citizens have long considered their due. Today, Dale Sinner considers some of these new laws and what that means to these rights - and what we can do about the whole situation.
As International Man readers know, there is great merit in diversifying one's assets and even one's self abroad. However, the same principle holds true for businesses. By internationalizing your business, you unlock tremendous opportunities that are simply not available in your local market. The question then becomes... Where to go?
Four blokes in Woolloomooloo head down the frog and toad for a pig's ear. One offers to get the first shout and heads to the bar. The night feels promising: the music is pumping, the bar is chocka, and, while going for an optic, he spots some talent to approach. He starts chatting up a spunk and feeling good about his prospects, until one of his mates - a larrikin who has tickets on himself - interrupts to cut his lunch. Our hero is not one to quietly cop a blow to his pride, and the evening disintegrates into a blue... Fortunately, we all speak English, so this vignette from an inner-Eastern suburb of Sydney is easy to understand. Wait, it's not? In that case, read on for an International Man tongue-in-cheek primer on Australian slanguage.
The concept of Culture Shock is nothing new. We've all heard the term, and perhaps even experienced its symptoms. No doubt, for hundreds of years humans have been subject to the phenomenon as they explored the globe and encountered new peoples. Imagine how Alexander the Great felt upon reaching India, Marco Polo's reaction when he arrived in China, or Sir Walter Raleigh's experience with the Native Americans when he disembarked at what is now North Carolina.
Today we feature a good news, bad news kind of story. On April 23, Uruguay agreed to formally end bank secrecy with respect to Argentine tax investigations. For those Argentinians used to storing (often undeclared) capital in Uruguayan banks, that's not welcome news. Not much better for Uruguay either - all the foreign capital that will flee to other, more private jurisdictions is virtually guaranteed to negatively affect the local economy. However, it could be great news for expats looking to spend time in Uruguay.
If you've been following International Man for some time, you know that we advise internationalization on all fronts - assets, income and person. While it can be relatively easy to move some assets abroad (although, less so by the day for Americans), it is understandably more difficult to move one's self abroad. And even more so to move one's family. Today we chat with an entrepreneur who left America for Costa Rica in 2009, and did so with his wife and kids in tow.
For decades, Karim has been at the forefront of emerging and frontier market opportunities and last month, he released a book in which he reviewed 15 such markets, including a few not familiar to most Western investors. In this guest article, he briefly analyses the emerging markets everyone already knows about but also two others that if aren't yet on your radar, are highly worth considering.
Shortly after the founding of the United States, the Constitution made it clear that the government was not to be in the business of printing paper currency. What gave the Founding Fathers the keen insight to incorporate such an important point into such a fundamental document? Jeff Thomas explains.
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