Investment Opportunities in Panama
- FrankN
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Pinky wrote: I would be petrified to invest my money in Panama, Colombia, or any of those other countries in South America. My luck is that I would get involved with some individuals that had ties to the Cartels but were using legitimate businesses to cover their dealings. That is the kind of luck I have. No investing out of the US for me.
That would be a bad situation PINKY!
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- CentsibleSaver
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Amen! It would be foolish to invest otherwise. You'd also need to seek an attorney to determine what the laws are in Panama. Otherwise, your investment could be for naught.Moneyes wrote: What was true 7 years ago, still holds true today: Go on a working vacation first, before you make any business decisions there. Not much has changed in Panama in regards to how businesses and business people operate which, to put it mildly, is not the same as in America.
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- Goldbug
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That doesn't sound conservative, it sounds sensibly cautious to me. What was the old saying, "A fool and his money are soon parted" and something about things being too good too be true?Lexie wrote: I like the idea of a working vacation before investing in anything outside the US. "Scams, translators, good deals." All spells "fishy" to me. I guess I'm just too conservative. I have to be sure before jumping in that water.
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- FrankN
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Replied by FrankN on topic Re: Investment Opportunities in Panama
Goldbug wrote:
For us investors there aren't many ETFs which invest in Panama, so you'd probably have to invest directly. They have their own stock exchange, which is one of the more stable ones in South America. With the current property boom in the region I'm surprised there aren't more US companies or property trusts with property interests down there. Do you know any?FrankN wrote: Are there any stocks that have concentration in Panama?
I do not know of any but I would be interested just to take a look and see a prospectus if there were any.
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Replied by Goldbug on topic Re: Investment Opportunities in Panama
For us investors there aren't many ETFs which invest in Panama, so you'd probably have to invest directly. They have their own stock exchange, which is one of the more stable ones in South America. With the current property boom in the region I'm surprised there aren't more US companies or property trusts with property interests down there. Do you know any?FrankN wrote: Are there any stocks that have concentration in Panama?
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Replied by FrankN on topic Re: Investment Opportunities in Panama
FrugalFran wrote: It's risky for all the reasons Goldbug pointed out, but it's not impossible. I think it requires a very good understanding of the country, the laws, and the locals where you plan to buy. If you can afford to run back and forth taking working vacations, as suggested by Moneyes, you can build up some trust with local contacts and educate yourself on the location.
Are there any stocks that have concentration in Panama?
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- Goldbug
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- FrankN
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- Moneyes
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- sophie
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