053: The Expat’s Guide to Wealth Diversification in Foreign Investments – Lief Simon
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!
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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!)
About The Host, Mikkel Thorup
Mikkel Thorup; the host of The Expat Money Show, has 20+ years in continual travel around the world, visiting more than 100 countries including Colombia, North Korea, Zimbabwe and Iran.
His goal now is to help Expats just like you to generate additional streams of income, eliminate your tax bill, and take advantage of offshore structures so you can travel the world freely and never have to worry about money again.
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