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Investment
Jan
9
2012
okay, you answered the question for a person who has $100,000 to play with. What would you suggest for me, who has a little over $1,000,000.00 to play with?
Answer #2
Given that Ecuador has imposed a 5% exit tax on money going out of the country, it’s important to be strategic before bringing funds in. At the end of the day it will come down to whether the ROI less the 5% makes sense. Certainly if you are making 9-10% per annum and do so for several years, the 5% may not be a big deal.
I would be more concerned about diversification. If your entire portfolio is the $1 million +, I wouldn’t suggest investing it here. In fact I wouldn’t suggest investing it in any one jurisdiction or currency given what’s going on in the financial markets these days.
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Answer #1
Leave it in the US invested. Both Schwab and Fidelity will provide an ATM card that will get you cash anywhere in the world