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Investing in Puerto Rico

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  • Avatar G 
    Participant
    Status: Physician, Small Business Owner
    Posts: 1749
    Joined: 01/08/2016

    Resurrection of a two year old thread!  I ended up buying BPOP and EVTC, and am up 55 and 102% (excl dividends) respectively.  Maybe it’ll be negative by the end of the season.

    #213865 Reply
    Avatar Tim 
    Participant
    Status: Accountant
    Posts: 2851
    Joined: 09/18/2018

    Reference those who did in New Orleans after Katrina — hit/miss on many

    Click to expand…

    Charitable giving, yes. Investment, no. You are mixing sentiment with profit motive. I certainly have given to PR and encourage others as well. Even $100.

    The only reliable people in NOLA were the national guardsmen. Two years of post Katrina was enough. Some had no choice, extreme adversity. Others just profiteering. Maybe it’s better, the mayor that went to prison certainly didn’t help. Went back one time for the 10th anniversary HOF ceremony. Last time I think.

    Please give as close to the people as possible. When I saw the Mayor of San Juan pleading that there was no water available and was asked about the skid of water behind her and it was her’s, I had flash backs. If you can find religious group making a trip or providing supplies that would be my suggestion.

    #213930 Reply
    Avatar sunshine 
    Participant
    Status: Physician
    Posts: 9
    Joined: 05/19/2018

    Old thread! I have family in Puerto Rico and I’d have to say property laws and inheritance there is such a cluster. I tried to buy a place there for a while and I ended up calling it because it sucked.

    #213937 Reply

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