And where not to put it…..

We noted several weeks ago that the financial position of Financial Pacific has come under investigation.  While not huge by banking standards, they do have around $120 million in asset base and their advertising suggests that they are growing.  At first they had a shortfall of around $7 million from the books to the bank accounts, then it went up to $11 million and at that point the Panama  Superintendency Suspends Financial Pacific’s license .  Well after much discussion between the parties it appears that that too may have been overturned, at least temporarily.   More here .

Anyway, I go back to real estate and continue to find opportunities in income producing  rental property in Panama City as well as agricultural investments here in Chiriqui.  While running cattle might not seem too glorious, it is a great long term investment in one area that will continue to become more important to everyone and that is Food. This is just one venue we are involved in and there are many more opportunities here to explore.  Chiriqui is about AG business and AG business is good right now.  Let us know if you have any interest.  email Tom Brymer  tbrymer@brymerpa.com