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PaulB

Investment Funds

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1 hour ago, Old55 said:

China 🇨🇳 

I am not sure about the China reference, but the increasing debt at lower interest from the global financial institutions is forcing the Philippines to borrow from China at much higher interest.   Traditional lender are starting to get cold feet at the size of the Philippine debt.  Inability to repay China both the principle and interest means more political and economic concessions.  Of course, Duterte and his cronies don't care because the finder's fees for borrowing the money is between 2% to 7%.  Again, enjoy the Philippines, spend your money, but keep most of it in overseas investments.

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Primary my thought  is China has bought the president and his cronies. They have plans for Philippines to support their own interests not the Philippines.

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I have always gone for 1 of 2 options - Bonds and Property - both UK.  

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Timber tracks in the states do well enough for us. 

Tree farming is easy and gives a reasonable tax write off also.

 

 

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