Greetings from Peru!
When most investors think about South America, they think about Brazil: the single largest South American economy.
Indeed, even the famous acronym for the most important emerging markets “BRIC” features Brazil (the “B”) as the South American representative.
But Peru is a real gem you should know about.
Peru’s economy has grown at an average pace of 7% for the last 10 years. During that time the Peruvian middle class has literally DOUBLED in size.
I can attest to seeing this in action. When I first came here in 2009, the famous Jockey Plaza mall featured mainly Peruvian brands and stores with middle priced goods.
Today, the mall has completely been designed with luxury goods (I saw Versace, Hugo Boss and the like) and beautiful architecture:
Source: Consultora Metropolis
Everywhere you turn Peruvians are hustling, building new condominiums, selling hand crafted goods, and of course, eating the famed Peruvian cuisine (I’ve already packed on 5lbs in the last two weeks alone!).
And the work ethic is tremendous.
Peruvians don’t believe in sitting around waiting for handouts or hoping the Government will pay their bills. There’s a saying in Peru “you don’t work… you don’t eat.” And they live by it.
A friend of mine recently ordered a modern glass dining room table for his 7th floor apartment. The store thought the table would fit in the elevator and so sent only two delivery men for the 100+lb table top to be delivered.
The table didn’t fit in the elevator.
Rather than rescheduling the delivery, the two guys (both of them shorter than 5’5”) hauled the table up the seven flights of stairs. The entire time they had to do so somewhat bent over to fit the table in the stairwell.
THAT’S SOME SERIOUS WORK.
I’ve come down here to scout around for investment opportunities for my Private Wealth Advisory newsletter. I’ll be detailing them in the coming weeks.
If you’re looking for actionable investment strategies on playing the markets, take a look at my monthly investment newsletter, Private Wealth Advisory.
Published on the third Wednesday of every month after the market closes, Private Wealth Advisory, shows individual investors how to beat the market with well-timed unique investments.
To whit Private Wealth Advisory is the only newsletter to have shown investors 72 straight winning trades and no losers during a 12-month period.
Indeed, in the last four months alone we’ve locked in gains of 8%, 12%, 21% and even 28%... with an average holding period of 3-4 weeks.
To find out more about Private Wealth Advisory and how it can help you beat the market with your investments…
Click Here Now!