Guest Post: Step 1: How Do I Get Started?
From Simon Black of Sovereign Man
Step 1: How Do I Get Started?
Greetings from sunny Zell am See, easily one of the most tranquil places on the planet. Before I launch into this week’s questions, I first want to give kudos to our Asia partner and Chief Investment Strategist Tim Staermose.
As you may know, Tim runs our 4th Pillar investment service, a low-risk proprietary trading system that he developed over years of experience… and he just scored yet another big win for his subscribers.
Tim got his readers into Australia’s QMastor Limited, a small software development company that is now being acquired for a huge premium. 4th Pillar subscribers will now rake in a 41% return in just 90-days, all without any downside volatility.
Congratulations to Tim and his subscribers– another great call for the 4th Pillar.
On to this week’s questions. First, Jennifer asks, “Simon, each day you are writing from some exotic location; what are you doing in these places? I mean, I know you’re working on something, but what exactly are you doing? Why do you travel so much?”
It’s true, I keep a hectic travel schedule. In fact, looking back over the conversations we’ve had just from the last two months, I’ve been through the UK, Spain, Andorra, France, Hungary, Bulgaria, Serbia, Kosovo, Greece, Albania, Bosnia, Montenegro, Croatia, Lithuania, and now Austria.
Simply put, it’s our business to put boots on the ground around the world– checking and rechecking what are the best opportunities that each country has to offer, building solid contacts, and taking the pulse of what’s really happening in the world.
To give you an idea, this part of Austria is an excellent, cost effective safe haven location that has ample real estate income opportunities.
I’ve been investigating a few boutique hotels in the area that can be acquired for a small down payment and cheap financing (as low as 3%), even for foreigners. The properties are so cash flow rich that you’d have to try very, very hard to not make money.
Earlier this summer I was in the UK investigating two exciting business ventures that I wrote to you about several weeks ago, as well as meeting with some fund managers.
From Andorra, I told premium subscribers about the country’s strong, stable banking system, as well as cost effective residency options.
In the Balkans, I’ve been working hard to bring members a second passport opportunity that could be even faster and cheaper than the St. Kitts economic citizenship program.
From Kosovo, I found three different business ideas that could be extremely profitable in the country and offered to co-finance any of them for qualified managers.
Tomorrow I’m leaving for Malta where I have some meetings set up about the country’s citizenship possibilities, fund management infrastructure, and unique gold storage options. If I have time I’ll head over to Tunisia to update you about what’s going on there.
You get the idea. My network of global correspondents and I believe that this kind of first-hand intelligence is critical to taking action and staying abreast of what’s really happening in the world.
Furthermore, due to the rapid pace of change, information can become stale very quickly. You can’t stay on top of things by sitting in North America and parroting what you read online… or by taking a rare field trip overseas.
Simply put, we keep moving because the world keeps moving, and we’re dedicated to providing the highest quality first-hand intelligence we can… hence the hectic travel schedule.
Next, in case you have been reading the mainstream media’s pitiful and overblown coverage of the protests in Chile, our correspondent Dr. John Cobin just wrote me with this:
“Simon- I just got back from downtown Santiago; it was like nothing had happened over the last two days. The streets are bustling with people conducting business as usual, and it’s clear that the protestors accomplished absolutely nothing… and probably ended up with a black eye for their foolishness.”
We’ll have more to report on this early next week.
Last, Johnson T. asks, “Simon, I can see what’s happening to the country and want to do something to protect what I have while I still can. What advice do you have for someone who is just getting started?”
Every day, more people are waking up to the reality that this big, bloated, bankrupt government is the greatest threat to their livelihood. Earlier this week, in fact, I referenced an article in the Wall Street Journal entitled “Federal Asset Seizures Rise, Netting Innocent With Guilty”.
The article title says it all– in the land of the free and home of the brave, you don’t even have to do anything wrong for the government to relieve you of your livelihood.
They can take away your entire life, leaving you without any means to prove to them that you’ve done nothing wrong in the first place. This is why I think the most important defensive measure is to open a foreign bank account.*
(* US taxpayers must file form TDF 90-22.1 and schedule B 1040 if they have a foreign bank account)
The idea here is to have some money in a place where you can’t be locked out of it instantly by some bureaucrat. Again, this is not something that is just for the rich and jet set, there are a number of places that have low (or no) minimum balance requirements.
Many banks will open an account without you having to leave town. Caye Bank in Belize is one example. Bendigo and Adelaide Bank in Australia is another. Capital Security in the Cooks is another. There are a lot of options if you have the will to act.