47 min listen
094: How to wait out the financial mania in safety
094: How to wait out the financial mania in safety
ratings:
Length:
44 minutes
Released:
May 25, 2018
Format:
Podcast episode
Description
In today’s podcast, I share more thoughts on Puerto Rico including my experiences opening a business there.
While the island has its problems, I’m still bullish on the long-term future given Puerto Rico’s incredible tax incentives (especially after meeting with their government leader and seeing how open they are to productive people moving in).
I also harp on the latest drama in Argentina…
Less than a year after issuing 100-year bonds, the country (which has a long history of default) is in economic turmoil. And the largest investors who bought these bonds – including JPMorgan and Fidelity – are sitting on huge losses.
These huge investors are so starved for yield, that they willingly lent money to a default-prone government for 100 year. But, as individuals, we have much better options to earn a decent return… with DRASTICALLY less risk.
I share a few of those options near the end of today’s discussion.
You can listen here…
While the island has its problems, I’m still bullish on the long-term future given Puerto Rico’s incredible tax incentives (especially after meeting with their government leader and seeing how open they are to productive people moving in).
I also harp on the latest drama in Argentina…
Less than a year after issuing 100-year bonds, the country (which has a long history of default) is in economic turmoil. And the largest investors who bought these bonds – including JPMorgan and Fidelity – are sitting on huge losses.
These huge investors are so starved for yield, that they willingly lent money to a default-prone government for 100 year. But, as individuals, we have much better options to earn a decent return… with DRASTICALLY less risk.
I share a few of those options near the end of today’s discussion.
You can listen here…
Released:
May 25, 2018
Format:
Podcast episode
Titles in the series (95)
067: You don’t expect a disaster like this until it happens.: No one likes to pay for insurance. - If you don’t smoke, if you go to the gym regularly, and if you generally eat well, it just might not seem worth it. - Especially when the average cost of insuring against just catastrophic health incidents can tak... by Schiff Sovereign Podcast