In a moment we’ll see how to diversify globally to beat inflation and protect your savings. First, let’s look at ways to earn income abroad.
Ecuador’s land is rich.
Here is some land recently purchased by a reader just outside Cotacachi… beans and blackberries are grown here.
Many readers write and ask about getting work in Ecuador. Jobs are scarce, do not pay well. This is why our foundation is devoted to creating employment… but for Ecuadorians not expats moving down.
We do help our readers learn how to earn income abroad with their own business because this helps have work in Ecuador and often enhances employment in Ecuador for Ecuadorians as well.
I was delighted to read this note about earning income from Ecuador farming. The reader shared this:
Hi Gary, I just wanted to drop you a note making you aware of another idea we came across to produce some income in Ecuador.
My wife and I have retired in the Cotacachi area ( we live in Ibarra now) and have been looking at some income producing ideas as we are only 52 years old and not ready to sit in out rocking chairs just yet. Believe it or not, we have settled on becoming chicken farmers!
My wife and I have agreed on a partnership with a couple that own a farm. We are putting up the money to fix up a building on their land and turn it into a chicken coop.
We then purchase the chicks at 55 cents each, waterers, feeders, heaters, and feed . Our partners make sure the chickens have water, food, heat, and a good clean environment. We then sell the chickens after raising them for 48 days back to the company we bought them from. They are currently offering 90 cents a pound.
Overall, we are making about $1.00 a chicken every 7 weeks or so. Our chicken coop holds 2400 right now and we plan to build a couple more structures that will hold 14,000.
We never imagined that when we moved here, it was possible we could become chicken farmers. Our friends and family back in the States are in disbelief. Interesting to say the least!
Merri and I love our chickens. We…
let them roam free. There is something wonderful about collecting the eggs and they are so much better than those available in the store… thick shells…. deep orange yolks.
We helped another reader buy….
this chicken farm just outside Cotacachi…
at a very low price.
The greatest asset we can have is the ability to earn anywhere in the world doing what we enjoy. This is why we offer our course Tangled Web… How to Have an Internet Business.
This is why I am willing to pay you $300 to attend either our Ecuador Super Thinking plus Spanish seminar in September or our North Carolina International Business & Investing seminar in October. Sign up for either seminar and I will email you our Tangled Web… How to Have an Internet Business Course (offered at $299) free plus I’ll knock an extra dollar off your seminar fee…. to round up the $300 savings.
Sept. 17-21 Ecuador Super Thinking + Spanish Course
Sept. 23-24 Imbabura Real Estate Tour
Sept. 25-28 Ecuador Coastal Real Estate Tour
Learn more about global investing, how to have an international business and diversification in Ecuador at the seminar.
International Investment Allocations
Jyske Global Asset Management just finished altering their managed portfolios after their late August Investment Committee.
They made the following changes to their managed portfolios:
Their asset allocation exposure remained the same. They are:
* Neutral on Fixed Income (i.e. bonds and currency positions other than dollar)
* Underweight on Equities
*Overweight on Alternatives and Cash
The gearing on leveraged portfolios has been increased a little to adjust for the deleveraging effect of positive development on the value of portfolios.
Here is what that means. If an investor desires a one times leverage and their portfolio started with $100,000, they added $100,000 so a total $200,000 was invested. If the portfolio has risen over 15% in the last six months, its value is now about $230,000. The leverage is now less than one time… so about $20,000 more is borrowed and invested. This will put the portfolio at $250,000 with a $120,000 loan.
JGAM has also reduced the dollar exposure in their portfolio. They belive as I do that the US dollar is likely to fall versus other currencies.
They have added more Brazilian, Mexican and New Zealand bonds to some portfolios.
They were so underweighted with equities in some portfolios that they added some shares… though they remain underweight.
The new shares added were: Group4 Securicor, Gazprom, iShares S&P Global Clean Energy and iShares FTSE BRIC 50.
You can see a review of the portfolios and the shardes above as a Multi Currency Course subscriber.
Be sure to see about a new 100 mile per gallon electric car at Jyske’s Financial Friday WebTV here
Send questions about Jyske JGAM and their portfolios to Thomas Fischer (US investors) at firstname.lastname@example.org or Rene Mathys (non US investors) at email@example.com
October & November Ecuador Tours
Here is a recent comment about staying about a seminar at our hotel: We both thoroughly enjoyed the workshop and really appreciated Mauricio and Alberto’s help, as well as the help from all of the hotel staff. Cotaccachi truly is a magical place and we feel blessed to have had the opportunity to stay Meson. We really hope we’re both lucky enough to return in February.
October 16-18 Ecuador Southern coastal tour (early sign up before Sept. 1, $499 per person).
Oct. 21-24 Ecuador Import Export Tour
Oct. 25-26 Imbabura Real Estate Tour
Nov. 6-8 IBEZ Ecuador Seminar
Nov. 9-10 Imbabura Real Estate Tour
Nov. 11-14 Ecuador Coastal Real Estate Tour
Attend any two Ecuador seminar or tours in a calendar month…$949 for one. $1,349 for two.
Attend any three Ecuador courses or tours in a calendar month…$1,199 for one. $1,799