In the last few years, laws such as the Patriot Act in the US have been approved that effectively take your rights to privacy and financial well being away.
These same laws that were meant to protect us are now instead being used as a loophole by high power lawyers and government agencies to access your banking records, garnish money and freeze your assets.
In fact, currently US banks automatically report to government agencies on the activities of their clients, including you. What's worse, your hard earned savings can now be legally garnished from your bank account by government agencies and creditors who may believe they have a claim against you. In the US alone you stand a 1 in 4 chance of being sued if your net worth exceeds $100,000. Not a lot of money!
Can you sleep at night?
Many offshore tax havens are no longer safe either. The Patriot act has enabled the US to attack the privacy laws in the Bahamas, and the UK has even forced the Jersey Islands to fully disclose beneficial ownership information.
Indeed there are very few places now with real asset protection. However, the tax haven of Panama is one such place that still enjoys complete company formation privacy and asset protection.
Panama constitution provides the highest levels of banking and corporate privacy laws in the world. With Britain's proposed regulation for removal of bank and corporate book secrecy in the UK offshore territories, it is clear that Panama will remain one of the only secure offshore financial centers in terms of privacy and confidentiality that is not only respected, but vigorously protected by constitutional law. Panama has no mutual legal assistance treaties for sharing of banking information with any other nation, and does not recognize court rulings from other countries. In fact, revealing banking information to third parties is a crime in Panama, punishable by imprisonment. There is no such thing as
REITs are real estate investment trusts. In many cases, investors purchase REITs then sit back and let the monthly dividend check come in. From time to time they are able to purchase more shares and then watch larger divided checks come in.
The reason many people like REITs is that for the most part they are long-term investment options that are strong and stable. Since they are based on real estate holdings, and property always has value, they are a wise investment choice.
In the short term, this is a nice way to see a little money grow in your account from month to month. In the long term, if you play things right, it could end up meaning a lot of money down the road to the point where you have enough to live off of.
Having enough to live off of doesn't happen over night. So, you need to start investing now to allow that little bundle of money time to grow into a major nest egg.
Begin by getting to know REITs. You should always have a good grounding on any type of investment that you are thinking of putting your money into. After all this is your hard earned cash you are putting into someone else's hands. Make sure you know what they are going to do with it and that you are confident they are going to take good care of it.
While you could search all over for the information you need, it's easier to do one stop shopping at REITBuyer.com. They are an investing real estate broker that also has a website that is meant to be the place to get all the information you need on the REIT market.
If you have never worked with REITs before, you can begin with the basic education on what REITs are and how they work. Then you can progress into the research section that will help you find REITs in your area of interest and find out how they have been doing as well as any analysis of those REITs and what they should be doing for the future.
When you're ready to make a purchase, you can also use the REITBuyer.com website to buy and sell your REITs and keep track of your portfolio.
Many people want financial freedom to happen overnight. It doesn't. It takes time, smart investments and smart decisions throughout the lifetime of those investments. But the important thing is to get started because the sooner you do the sooner those long term investments can get to work for you.
This article was written by Earl E. Bird, spokesperson for the REITbuyer.com, a site dedicated to educating Real Estate Investors on how to invest in Real Estate Mutual Funds to diversify their investing portfolio. Learn more at http://www.reitbuyer.com
Both Nathan Dawson & Robert Shumake are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.