April 15, 2011
I’ll be in Paraguay again for the next week. This is a country that has quite a bit to offer… it’s incredibly cheap and they sell property for nothing. I’ve seen land in the Chaco region for as little as $25/acre.
Investment deals are also fairly interesting; companies here generally trade at book value and pay double-digit dividend yields in local currency, and with just a small deposit in a local bank, you can obtain residency and an eventual second passport.
Paraguay isn’t the place that you would go if you’re a professional looking for a well-paying job (try the Cayman Islands, Qatar, Bermuda, Singapore, Russia, etc.), but for a bright mind, there are several ways to create value and make money.
Fundamentally, long-term financial security is about the ability to create value, or at least investing in others who create value.