It looks like Cabrera Dominican Republic will be a good, stable place to be in 2017. While a lot of my more conservative American friends seem to be enjoying a little bit of euphoria over the election of Trump, I have to caution you not to get too complacent. After all, the US still faces a staggering debt load with promises of more to come.
Unfortunately, much of the world of finance parallels the laws of physics. What goes up must eventually fall down. Wish it didn’t, but it does. While the many promised public works projects and the apparent relocation of offshore manufacturing back into the US to avoid import duties will create some jobs which is a good thing, I am concerned that the apparent tariffs and duties will hit the US exports hard in retaliation. Who knows which force will win this financial tug of war. It should be quite a roller-coaster ride.
One strategy that many Americans should consider while there is still as sense of euphoria and markets and the dollar are fairly strong is to diversify investments and maybe move some of the assets offshore. The likely worst case of that scenario …..
is that you look back and say that you missed a few opportunities, but you will still be sitting safely on your assets. On the other-hand, if you have everything tied up in the US equity markets or the US dollar and another 2008 crash sneaks up on you, you may have missed the boat for another 12 to 15 years.
We hope 2017 will be a good year for you and we will try to do our part to keep you entertained. December finally gave us a break to get all the vehicles in tip-top shape and to get all of our annual medical checkups behind us. We are ready to hit the road and start making more youtube videos and discover new off-the-beaten-path escapes. We hope you will join us on all our road trips.
And yes, we are continuing our free North Coast Discovery Tours into 2017. There is no easier way to explore the North Coast and to meet other expats to learn what the expat life is really like. One of the more popular by-products of the Discovery Tours is the opportunity to explore some of the real estate bargains on the North Coast.