Expat Files - 01/03/14

-Here’s an explanation why first world banks (who should know better after their poisonous contribution to the big 2008 financial and real estate blowout in the states) are moving to, and expanding like wildfire, down in Latin America. They are contributing mightily to the huge real estate bubble that seems to be the norm in almost all mid-sized and large Latin cities. Not surprisingly, none of the locals see it coming and they keep scrambling to get in on the next inflated deal(another sign that the bubble is huge). Meanwhile the banks down here reap huge profits...

 

-Yes, online banking has come of age with all major Latin banks but less than 5% of Latins have ever tried it. Though more than 50% of first-world folks do their banking online up north, Latins are more than gun shy about it and here’s why…  

 

-How certain gringos and expats get their Latin American business ideas off the ground.

 

-When off the gringo tourist trail most “boots on the ground” trips never fail to produce unique and exceptional business ideas. The trick is, once a brainstorm hits, you have to strike while the fire’s hot. In other words you have to get off your duff and ACT before another gringo jumps in and does it!

Bottom line: You don't want gringo competition. Latin competion is ok... since its almost no competition at all.        

    

  -My January 2014 “Expat Wisdom” seminar is filled. For those of you who wanted in on that and didn’t sign up in time, you’ll have to wait a few months and see if I’m going to do another (maybe, maybe not).  

 

-Follow the link on the main page at www.ExpatWisdom.com to schedule a private consultation with me. If you want to discuss the details of living, working, playing, doing business and/or retiring in Latin America, now you and I can talk about your situation one on one.