Who Needs Wall Street Anyway?

“Sophistry is a false idea that is propagated by charlatans, but is then held in common.” 

— Anonymous        


Addison WigginDear Reader,

This week we kicked off a series on alternative investments, most of which can either hold or build your wealth without paying stock brokers, money managers or any of the myriad fees they dream up. 


We started with Ronan McMahon and foreign real estate opportunities. Here’s a look at how those conversations went… 


Wealth Outside the Crack-Up Boom

Stocks never collapse in lockstep. Some industries are naturally more resilient to pullbacks… and opportunities for quick rebounds will reveal themselves once the dust settles. It’s impossible to know ahead of time which stocks will fall as investors go scrambling for the exits. Even mining stocks may not hold up during the panic selling we’re likely to see. When things go bad, money usually flows into U.S. government bonds and other dollar-denominated debt. The problem then is that it doesn’t matter how many dollars are in your bank account if they’re constantly losing purchasing power.


Capital Goes Where It’s Treated Best

If Janet Yellen had her way, the U.S. would bully the rest of the world into accepting a minimum global tax rate on corporations — a line in the sand that she thinks will stymy the appeal of offshoring profits. We wonder how the scheme will affect countries like Ireland. The country made a name for itself by offering corporations a low-tax alternative. The number of companies rushing in caused Ireland to grow so fast that it became known as the “Celtic Tiger” — rivaling the boom occurring on the other side of the world in the “Asian Tigers.”  

Flash Opportunity in Paradise

A house in the middle of nowhere? Hardly. The community is nestled between two of the country’s gorgeous national parks and within walking distance of Ojochal, the nation’s “culinary capital.” You’ll find restaurants, stores, bakeries, bars, even a pharmacy. Safety and stability? “Costa Rica is a beacon of dependability. It’s in many ways a model country, respecting personal freedoms, attracting multinationals like Amazon and Microsoft and strong on the environment.” Health care? The country boasts “a top-rated national healthcare system.” In addition, “the nearest hospital to our opportunity is a clean, modern facility in Cortes just 15 minutes’ drive away.” By the way, Costa Rica’s average life expectancy is 80.56 years — ”higher than the U.S.” Getting there? You can fly from Miami to Costa Rican capital San Jose in two hours and 40 minutes. It’s also only five hours from New York. And thanks to newly built roads and other infrastructure, your home will be a three-hour ride from the airport.


The Power of Group Pricing

Ronan’s latest deal is in Costa Rica, where your U.S. dollars go further… at least for now. At last check, you can trade a George Washington for 621 Costa Rican colones. If we’re right about the dollar’s fragile reserve status, the property can increase in value from the exchange rate alone. But a bigger factor in the low price is Ronan’s negotiating skills. His Real Estate Trend Alert readers — including you — are packing a lot of financial heat… which Ronan leverages to your advantage. And the pandemic has made lining up incredible deals more attractive, as he explains.


Cattywampus Property Porn

Yesterday, we regaled with the power of group pricing. Within hours of going on sale, all 10 units in the Costa Rica development sold out. Our hypothesis proved true. Even if you didn’t try to get in on the deal, we hope you enjoyed hearing about it… vicariously imagining a low-price escape to paradise during the pandemic. Ronan McMahon calls it “property porn”… and it’s helped him stay sane in these cattywampus times…


You can catch our full interview with Ronan McMahon, right here.


As we’ve mentioned, the 10 units he negotiated in Costa Rica sold out immediately. You can still put your name on the list in case anything goes awry with one of the reservations. Or just get your name on the list for future opportunities. 


You can make a free appointment with your Real Estate Trend Alert concierge, here.


And click on the picture above to hear the complete conversation with Ronan.




Addison Wiggin

Founder, Financial Reserve


P.S. We had a great discussion with Scott Lynn, founder and CEO of Masterworks, a firm that sources fine works of art, then sells shares at a reasonable price before they go to auction. It’s a very interesting idea, worth a listen just for his innovative enthusiasm. It’s part of our alternative asset series. 


A couple of his latest include a Monet and a Banksy. Miles apart, if you know anything about art. But it’s worth listening to while enjoying his view from a flat atop Manhattan’s skyline. 

Addison Wiggin

Addison Wiggin

Addison Wiggin is founder and executive publisher of Agora Financial LLC, an independent economic forecasting and financial research firm. He and Bill Bonner began writing the firm’s flagship Daily Reckoning in the midst of the tech boom and bust. It was one of the first widely distributed email newsletters on the Internet. The publication’s critical eye on finance and economics continues today. He’s also creator and editorial director of Agora Financial’s daily missive The 5 Min. Forecast.

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