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Author: Lief Simon

11 Sep
Know Your Client Rules And Requirements Around The World

Know Your Client Rules And Requirements Around The World

The unintended consequences of FATCA and the overreach of the U.S. government and the IRS have started playing out around the world. In the last week, I’ve heard from a half-dozen people with “know your client” tales of woe. Indeed, I have my own. Let’s start with the know-your-client form that the homeowner’s insurance company […]

04 Sep
The Risks Of Using Credit And Debit Cards Overseas

The Risks Of Using Credit And Debit Cards Overseas

First, pay cash at Dairy Queen for that banana split. Handing over your credit card and, even more risky, your debit card to pay for small daily purchases opens you up to potential fraud. Use the card a dozen times in the course of a week at various businesses, and you’ve introduced a dozen potential […]

18 Aug
gossip

Rumor And Gossip Can Be The Bane Of Life In Overseas Expat Communities

High school, small towns, and expat communities all have something in common that you don’t hear much about—gossip. I’d pit some expats I’ve known against any 13-year-old girl in this regard, including, in some cases, the meanest girls on the playground. Sipping coffee in their favorite morning meeting spots, expats around the world are formulating […]

14 Aug
A metro station under maintenance

The Risks Involved With Using Workarounds Overseas

Throughout the years, I’ve had people tell me I’ve been wrong when I’ve suggested to them that certain things couldn’t be done. They’ve insisted I was wrong because, they’ve assured me, they had been able to do whatever it was I was saying couldn’t be done. They’d done it themselves, no problem. Recently, for example, […]

07 Aug
argentina

More Problems In Argentina Means Great Opportunities For Foreign Investors

Today, I’d like to share this letter that, earlier this week, Steve Rosberg—friend and founder of investment management company Ushay (with projects in Argentine forestry, vineyards, and construction)—circulated to his contact list on the current situation in Argentina. Once again, change is afoot in this trouble-ridden nation, spelling opportunity for the investor. Steve writes: “I’m […]

04 Aug
planting flags

Five Ways You Need To Diversify Internationally To Fully Protect Yourself

I’m reviewing and clarifying my ideas related to the Five Flags theory of diversification in preparation for my opening remarks at the Wealth Summit I’m hosting in Belize in October. If you’re new to the idea, the “Five Flags” are to do with residency, citizenship, banking, assets, and business. Not everyone needs all five flags […]

31 Jul
Water Shortages MEans Agricultural Investment Opportunities

Water Shortages Translate To Agricultural Investment Opportunities

Reading today about the drought in California hit home for me the long-term benefits of owning agricultural land somewhere in the world that had access to plenty of water. The drought is being blamed for increased prices of everything from milk and vegetables to In-N-Out burgers. Water levels in Lake Mead, which provides water to […]