While a rising yuan and rupee will hamper Asian
trade, a falling US dollar will help business in Ecuador.
Currency moves can help or hurt a business. One
reader shared this point when he commented on our recent message
about investing in the Icelandic kroner.
“This was very good Gary. I once had a client
pay $50,000 Canadian for a house in Iceland. Several year later
he was ecstatic because it had increased 20x's in value. However,
the Kroner was now worth 1/20th of its previous value and if he
sold, he would get $49,000 Canadian. He figured out a great wrinkle
though. He sold the house and left the money in ICELAND. Then he
sold his friends tickets on Air Iceland and eventually realized
some $250,000 Canadian. IATA closed down whatever he was doing
and it can’t be done now - This was in early eighties.”
This true story reminds us to look for contrasts
and distortions in business WHEREVER WE GO. This is why Merri and
I we will be joined by Thomas Fischer and our man in Ecuador, Steve
Marchant, at our September International Investments and Business
Course this September. Steve will speak at the course about contrasts
that create real estate and export opportunity there.
Learn about Ecuador, import-export, overseas
markets and more. Join Merri, Thomas Fischer, Steve Marchant
and me at our September 15-16-17, 2006 International Business
and Investing Made EZ course in North Carolina. Review where
to invest and do business now and learn which markets and currencies
may be strong in the year ahead. Our May course was overbooked
and the September session is already filling up fast. Our free
accommodations are reserved on a first come first served basis
so do not delay! DETAILS
Until next message, good diversification in your
investing and business!
Gary
P.S. Steve is also teaching the Spanish Portion
of our upcoming Super Thinking – Super Spanish course. Here
he is teaching our staff at El Meson de las Flores.
Join us for our Super Thinking – Super Spanish
course. Enjoy Ecuador and the sun! See real estate for sale. Inspect
the great markets as you learn to speak Spanish. For details go
to garyascott.com/catalog/superspanish.html
