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053: The Expat’s Guide to Wealth Diversification in Foreign Investments – Lief Simon

The Expat Money Show - With Mikkel Thorup
The Expat Money Show - With Mikkel Thorup
Episode • Nov 23, 2018 • 1h 4m
International diversification of your portfolio. What does that REALLY mean, and why it is so important to grow your wealth overseas? In this interview with Lief Simon, he takes us into the world of Investing in Overseas Real Estate, Hot Countries to get Residency in and so much more! .

WHAT WE DISCUSSED IN THIS INTERVIEW:

  • Lief Simon and Kathleen Peddicord run Live and Invest Overseas, providing information on living and investing abroad.

INVESTING IN OVERSEAS REAL ESTATE:

  • Advantages and currency diversification.

HOT REAL ESTATE VENTURES:

  • Agriculture investments in Panama, Thailand, and France.
  • Expected returns discussed.

TAX IMPLICATIONS:

  • Benefits of overseas investments and setting up investments in your name or an LLC.

LIEF SIMON'S RULES:

  • Visit property, limit investment to 5%, control due diligence costs, use an attorney.
  • Kathleen's rule: No partners.

HOT COUNTRIES FOR RESIDENCY:

  • Panama, Colombia, Mexico.
  • DIY vs. hiring a lawyer, steps for residency, and potential for second citizenship.

LIVE AND INVEST OVERSEAS CONFERENCES:

  • Offshore Summit: Banking, investments, lifestyle, asset protection, residency.
  • Lifestyle Conference: Living destinations, local services, healthcare.
  • Conclusion: Building a lifestyle through global opportunities.

 

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CONCLUSION

I hope you got as much value from this interview as I did… and if you would like to stay up to date with all new content that comes out at The Expat Money Show make sure you sign up below for our newsletter; EMS Pulse. – my behind the scene daily correspondence where I give you all the intel as I travel the world and build my business, develop key relationships and invest in non-traditional investments overseas (very profitably I might add!)

Mentioned in this episode:

JOIN US IN PANAMA - FLY'N BUY TOUR

Beginning of Q4, 2024, the Panama government has already stated that they are increasing the investment minimums for immigration from $300k to $500k for real estate; we also expect them to make this process more difficult! Because of this, I have decided to run a few quick trips to Panama for our community. Seeing the real estate in Panama is an important part of the due diligence process, that’s why I would like to pay for you to join me in Panama. All you have to do is sign up for the tour at https://expatmoney.com/fly, pay for the tour, and if you end up finding a property that fits your needs on the trip, then the amount you paid for the tour PLUS your airfare (up to $1000 USD) will be taken off the purchase price, making the entire tour and flights essentially free for you. Why am I offering you this awesome deal? Because my hope is you will hire me and my lawyers to do your immigration work! Our company has helped hundreds of people successfully go through the immigration process in Panama, and we do an excellent job, if I do say so myself. This is a service we offer to everyone in our community, but you have to...

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