Tail Gunner I don't think it really works that way. If you want to buy for example an apartment for $100,000 you would have to fly to the country and spend months scouring the country's property markets (i.e. boots on the ground), pay a solicitor, tax lawyer/specialist accountant, conveyancer, translator, international banking fees, currency exchange fees, etc which are all substantial costs just to invest $100,000. Besides I call bullshit on 30% annual return (unless you are counting speculative capital growth or using heaps of leverage) by investing in offshore property or agriculture. Yes I am sure a few people make that sort of return but its probably about as likely as people making 30%+ per annum returns investing in the stock market. Yes somebody could invest in the next Apple and become stupendously rich but how likely is that. Getting good returns is not that hard, getting 30%+ returns consistently is damn hard! Stop overhyping everything.
If you can keep compounding your capital at 30% per annum let me know once you become a billionaire.
If you can keep compounding your capital at 30% per annum let me know once you become a billionaire.