I want to assure everyone that this pandemic is not adversely affecting your US dollar investments in Panama with the big three companies that we have been recommending throughout the years, RV, GSM and LMG, who are all well run Finance Companies in Panama. You will note that regardless of the coronavirus event, your monthly or quarterly interest payments have been maintained without fail over the years, delivered on time and there is no indication of any changes for the long term. Let me know if there is the slightest deviation in your payment schedule.
You can think of this investment club as a small-scale like-minded group of non-professional investors. Although I know that there are many high net worth individuals in the club who provide us with tips and also invest their dollars with us in our recommended low risk finance options, in order to provide themselves and us with highly remunerative, rewarding and lucrative results. We have fun at the same time. Self-Directed IRA’s and checkbook IRA's are a great way to get your money working in Panama. There are many companies who provide those services. There are two that we are currently working with.
Every month you will receive Newsletters now that we have lots of financial news to discuss thanks to the coronavirus and the stock market. It will cover mostly local Panama investments and financial news, but it will also include some worldly news as it relates. Send the club whatever articles that you think are relative and need publishing. Panama is experiencing the strongest impact on the economy ever seen before, due to the crisis caused by the covid-19 pandemic that is mainly affecting the country's micro, small and family oriented companies. The club only recommends investing in the medium to large, low risk companies who are not as adversely affected. Some of you have been investing alongside the group for more than 20 years while other folks have joined us at various times along the way, and some have very recently joined in and are sitting in for the first time.
A federation or grouping of various Finance Companies in Panama, have all agreed to work with our investment club, in order that we may invest in their businesses and individually receive high interest rates on their term deposits. I will send out Newsletters around the end of each month. I add new email addresses all the time so if you are not interested in hearing about investing in Panama, just email me back and you will be removed from this list. Many of us in this group are in the retirement zone, so we are not interested in high risk or long term investments. 30 year Panama bonds at 4.5% are attractive but many of us prefer 1 year terms that are automatically renewable with a 90 day request for partial or full settlements of accounts.
"We still live in Germany but our plans are to get to Panama to retire. We opened a term deposit account a few years ago with RV and we are very happy with the interest rates and service from our Agent. We are looking forward to our retirement." Wolfgang - Bavaria, Germany
"Panama is not for everyone, and I am glad because I wouldn't want it to get too crowded. I work with my club account agent for the best service in English and the interest rates on my term deposits with these Finance Companies are astounding. I can almost live off of my interest now........still working on liquidating all my assets in the States." Mary, Chicago, IL, USA