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| Reviews For welovecostarica.com |
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To enjoy Costa Rica living, you must make sacrifices! You have to kiss goodbye to high property taxes, stress and telemarketing cold-calls during dinner!
Updated: 23/03/2005
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| | 1 Reviews Received |
It Rating:  Author: Jerry H. Goldman Posted:Thursday, August 25 2005, 16:42:02 | Having been a savvy investor in different Latin American countries, I always have my eye open for new investment opportunities. Recently, I became interested in Costa Rica due to the country's enduring stability and excellent opportunities.
As part of my research I purchased a book titled, "How to Invest in Costa Rica Real Estate Without Losing Your Camisa (shirt)." I found the book to be very informative and complete on the surface. However, I was really put off by the author's incessant references to his web pages on almost every page of the book. In additional, on the back cover the author states that his other book about offshore investing is a best seller. This led me research his claim. Nowhere could I find evidence that his other book had ever been a bestseller in any market. Immediately the red flags went up.
Furthermore, on pages 213-214 the author's virtues as an investment advisor are extolled. All of this incessant "horn blowing" aroused my suspicion. So, I began to do my research on the web by accessing various sites which provide information about spurious investments and scams. Low and behold my diligence paid off. I found a newsletter on the web called, the KYC News. Their motto is, "The Pen is mightier than the fraud." I checked with some local investment experts and they assured me that the information posted on the KYC site is a reliable and objective source of information. Their website is www.kycnews.com. Go to the Story Library in the menu and put in the author's name. Or you can locate the specific articles about the author whose books I referred to above in their story library at: http://hwww.kycnews.com/story_library.asp?qu=Scott%20Oliver.
The purpose of the letter is, first, to demonstrate to investors that they should always do their due diligence. Second, to point out that things aren't always what they seem to be, however rosy they are painted and how much hype is involved. Hopefully, I can save other investors a great deal of heartache and make them wiser.
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