Well, it looks like the world financial markets are finally having a meltdown of epic proportions.
I have been offline for the last week or so, hosting my clients for the Panama Conference, so I was not watching the world burn in real time.
Personally, I am okay because most of my money is already in gold, bitcoin, and international real estate. All things that are doing extremely well.
I’ve been trying to tell clients for the last year to get rid of mortgages, debt, and stock portfolios (especially domestic ones) and move them into safe tangible assets that can’t be inflated away or are easily confiscatable.
Right now, my clients are moving tens of millions of dollars into international real estate held in a foreign entity (out of their own name).
We are paying cash for everything and not worrying about financing or taking on extra debt, which can (and will) be used to enslave you.
Even better is getting a second residency on the back end to protect ourselves and our families.
I highly recommend moving your money out of traditional banking, stocks, mutual funds, or anything else similar to this.
The worst is yet to come.
The number one place my clients are putting their money is into premium real estate in Panama.
I am super bullish on Panama, as it has many things going for it:
- Easy to get residency on the back of a real estate investment. A $300k investment gets you permanent residency in just a couple of months. We are doing this for dozens of clients right now. And in 5 years, you can apply for a second citizenship and another passport.
- Can hold real estate in Panama in a Panama Corp or a Panama Foundation for asset protection, anonymity, privacy, and estate planning.
- Panama doesn’t tax foreign-sourced income, so if you live here and you make your money outside of Panama (online income, you work for a foreign company, investments, crypto profits, etc. etc. etc.), there is no tax to Panama.
- Panama's real estate is safer and more stable than back in North America. A lot of people use it as a long-term savings account. When you purchase a quality property in a popular area, the ability to liquidate the property can be very fast.
- The Panama Canal brings billions of dollars in revenue to the country every year. The world is vested in seeing the canal protected and running at full capacity. Anything and everything flows through the canal; it gives us options for building materials, food, fuel, and anything you might need.
- Panama’s financial sector is the most important in Latin America. As other countries in the region go socialist, we see billions of dollars of capital flowing into Panama. This is the first stop for all Latin American entrepreneurs, factory owners, wealthy families, and even corrupt politicians to put their money. They may let their own countries go to hell in a handbasket, but they will not allow Panama to. This is their piggy bank.
- Most large multinational corporations have their Latin American headquarters based in Panama City. It’s a safe, secure jurisdiction where the laws are understood, and they can be sure their investment will be protected.
- Panama is an international travel hub. Just as Dubai, Singapore, and Istanbul are connected to everywhere in the world, so is Panama. This is the jumping-off place where you can go anywhere; it allows you to be nimble and move as needed.
- The country is food and water independent and generates the majority of its electricity from hydroelectric power. This gives the country a ton of stability from a hierarchy of needs standpoint.
- The climate is beautiful year-round; we don’t get hurricanes, and even in the rainy season, the sun shines every single day.
- Panama is one of the safest countries in the region; expats rarely experience problems. And by the way, as foreigners with a cedula, we can purchase firearms and get our concealed carry license (I have multiple guns and have helped private clients acquire them also).
I could go on for another two dozen bullets on why I am bullish on Panama and why I think it is a much better option for those out there searching for a safe haven for assets.
The best option I see right now is top-quality real estate with a title deed held in a Panama Corp or Foundation. You want to look for real estate that will increase in value, keep up with inflation, be as liquid as possible, and give you a little cash on cash return.
If you are looking at getting money out of your home country and into something more safe and stable, something tangible that actually holds value, you can reach out to the real estate brokerage company I work with in Panama:
Punta Pacifica Realty - Panama Real Estate
The owners are long-term expats from Canada and the USA and work exclusively with international investors like us.
I have been working with them for a couple of years now, and 100% I can vouch for them as professionals and also as standup good people.
You can learn more about their company here:
Punta Pacifica Realty - Panama Real Estate
Hope those who still hold their money in traditional banks, stocks, and mutual funds, will take this message seriously…
Best of luck,
Mikkel
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