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 Panama 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 […]
The super-rich have a growing number of options for obtaining second passports through economic citizenship. These programs are most attractive to the wealthy from countries whose passports don’t allow for much visa-free travel—Russia, China, and the countries of the Middle East, for example. Spending anywhere from US$100,000 to more than US$2 million depending on the […]
People write in often to ask about the political stability of this or that country, wondering what it means when certain candidates or parties are running for or elected to office. I remember back in 2001 when the Sandinista Daniel Ortega announced he was going to run again for president of Nicaragua. Gringo retirees and […]
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