Offshore Living Letter is a publication of Live and Invest Overseas. Our goal is to provide timely, actionable information on all things offshore, including: how to go offshore, diversifying your portfolio, wealth creation, protecting your assets, and much more.
Three of the four largest U.S. bank failures in history have taken place since March 9. Let that sink in…
Buckle up. Interesting times lie ahead. A few days ago, America had its third bank failure in just the past two months—First Republic failed and was acquired by J.P. Morgan… First Republic is the second largest U.S. bank ever to fail… a title that was held until Monday by Silicon Valley Bank, which—if you remember—collapsed […]
I’m on record as saying that banks suck. You’ll hear me say this at every Live And Invest Overseas conference. At any given time, some countries have better banking sectors than others—and some banks
My wife has suggested I write a book. The two of us are in residence at Los Islotes together for the next three months. Seems like an opportunity for that
My standing rules for banking overseas include having two bank accounts for each operating entity that has income. Most real estate holding companies that are used to hold property that doesn’t have income don’t need a bank account because there’s no money
Say you invest in a rental property in Panama. You earn a good return for years… then, the market timing is in your favor, and you decide to sell. You find a buyer who’ll pay you 50% more than you paid for the property yourself. You close the deal… and take receipt of the purchase […]
If you want to open a bank account in the United States, you walk into a branch of a bank and simply state that objective. “Hello,” you say as you take a seat across from the helpful banker, “I’d like an account with you.” Or, easier yet, you fill out some forms online and save […]