Real Estate & Off Shore Banking

[chloe]

Is offshore banking & investing in real estate in other countries only used by the Ultra rich or can anybody do that even if it's a modest amount of money? If you buy property in other countries for retirement, and the politics there goes bad isn't it risky you may lose that investment?

http://www.nicabeachfront.com/Bocal1.htm

http://img29.imageshack.us/img29/47/bocal2001med.jpg


http://caribpro.com/Offshore_Companies_House/

[chesswarsnow]

Sorry bout that,


1. There is risk in everything.
2. The only for sure things are as stated.
3. Death.
4. Taxes.
5. Half of your net worth will go to some insurance company, wether now, a thousand bucks a month, give or take, or later when you become ill, and can't or don't have coverage.


Regards,
SirJamesofTexas

[chloe]

Sorry bout that,


1. There is risk in everything.
2. The only for sure things are as stated.
3. Death.
4. Taxes.
5. Half of your net worth will go to some insurance company, wether now, a thousand bucks a month, give or take, or later when you become ill, and can't or don't have coverage.


Regards,
SirJamesofTexas

True, but if I didn't have children I was supporting by myself, I wouldn't carry insurance. I have to carry it as Head of Household in order to cover my children. Once they are grown if I get sick and have no insurance I'll take the "die" option. It's a get out of jail free card~wink