Un-American Activities?

Nov. 8, 2012, Panama City, Panama: You must diversify, both your investments and your life. It’s a necessity of the world we’re living in.

Dear Live and Invest Overseas Reader,x

Obama has been re-elected. He'll be running the show in the United States for the next four years. What actions should you take now?

You should continue doing what you've been doing, as long as what you've been doing has been organizing and diversifying your life overseas. If you haven't started down this road yet, I'd say that you should get started today with a sense of urgency. You must diversify, both your investments and your life. It's a necessity of the world we're living in, regardless who's sitting in the White House.

Undertake this agenda understanding that whatever actions you take to take control of your life, your finances, and your family's future will be vilified by many as unpatriotic and un-American. This is a great irony for me. Have these self-appointed patriots read any U.S. history? Have they ever watched "How The West Was Won"? America is a great country because, historically, Americans have always taken care of themselves. The un-American course of action would be to do nothing to protect yourself, to allow events beyond your control to overtake you. A real American never allows himself to play the victim.

Whether you're trying to protect some wealth from litigious crackpots looking for their easy pots of gold in someone else's yard or simply trying to earn a living and finding it not possible where you live, taking some or all of your life "offshore" can be the best answer.

Considering America was built by people looking for opportunity, the most natural course for their descendants is to continue to seek opportunity wherever it can be found. Can't get a job where you're living in the United States? Move somewhere where you can. Have a business idea that would be over-regulated back home to the point where it would be too costly to get off the ground? Start the business somewhere else instead. Already made some money but see the vultures hovering around trying to pluck it away from you? Move that money where the vultures can't access it.

The outcome of this week's presidential election isn't the point. The underlying problems in the country right now are greater than any one man (or even group of 535 men and women) can fix. Will the problems ever get fixed? Change will take place, maybe dramatic change, that will lead to a new reality of life in the United States. When will that happen? What will the new reality look like? I can't tell you. It's more than any one man can contemplate. And, even if the current problems are resolved, new problems will arise. What will they be? How will they affect you and your personal security, physical and financial? Again, I can't say, and neither can you.

Planning is the only thing that will help protect you no matter what comes. That planning must include international diversification. Europeans have been diversifying internationally for centuries, holding their money in safe havens offshore just in case something unwelcome played out in their own countries. It proved a prudent precaution in the first decades of last century. Argentines hold as much of their wealth outside their country as possible, knowing that the next crisis is always just around the corner. Wealthy Americans have followed this model, too. Now it's time for all Americans to recognize the common sense in this strategy.

Today, going offshore isn't just for the rich. None of us can afford to keep all our eggs (whatever those eggs may be) in a single jurisdiction. This is not unpatriotic but pragmatic.

The world is full of opportunity to prosper beyond U.S. borders, and pursuing new and better opportunities wherever they are to be found couldn't be a more patriotic journey.

Lief Simon

Editor's Note: Lief and more than three dozen of his personal advisors, counselors, contacts, colleagues, and friends from key markets will be hosting our final Offshore Summit of this year next week in Panama City. I believe that, as of this writing, a handful of seats remain available if you'd like to be in the room with them for three days of intensive discussion related to the best options worldwide for diversifying your life and your assets. Details are here.

----------

This Little English-Speaking Nation Is Escape And Safe Haven For Both You And Your Money

Among adventure enthusiasts, a certain low-key country has always been popular for its reefs, ruins, rivers, and rain forests.

Today, it's also one of the top offshore, asset-protection, tax, and banking havens in the world.

Word is getting out...and savvy, independent thinkers are seeking safety and freedom in this beautiful and affordable Caribbean nation.

To learn how to join them in this tropical, tax-free haven click here.

----------

Continue Reading:

 

Share
Enter Your E-Mail:

Readers Say

"This was a 10! Great event. Awesome job by the Live and Invest Overseas team!"

Edward T., United States
Share

Search

"Just great. Very welcoming and supplied answers to all questions very well. I'll see you again soon."

Charles M., United States
Share

Kathleen Peddicord

Kathleen Peddicord is the founder of the Live and Invest Overseas publishing group. With more than 25 years experience covering this beat, Kathleen reports daily on current opportunities for living, retiring, and investing overseas in her free e-letter.

Her book, How To Retire Overseas—Everything You Need To Know To Live Well Abroad For Less, was recently released by Penguin Books.

Read more here.

SIGN UP TO OUR FREE E-LETTER

Sign up for the Overseas Opportunity Letter

Receive our editor's latest research reports...absolutely FREE!

letters The Best Places For Living And
Investing in the World for 2014