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Investing in Asturias

 
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Bob
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Joined: 24 Feb 2003
Posts: 1725
Location: Connecticut and Massachusetts

PostPosted: Mon Mar 27, 2006 4:34 pm    Post subject: Investing in Asturias Reply with quote

One way to improve the economy of any region is to invest money in it. While my funds are quite modest, I would enjoy having an investment in the future of Asturias. Can anyone suggest appropriate investment vehicles (stocks, bonds, mutual funds) in Asturias for those of us in the EEUU?

I know that I can get a significant higher rate of return on money market accounts in Spain (6%) that I can in the EEUU (a maximum of 4.25% or so) from ING, but there is no guarantee that the money would be invested in Asturias. Jobs follow invested money.
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manzanuca



Joined: 06 Dec 2005
Posts: 20
Location: Asturies

PostPosted: Mon Mar 27, 2006 5:28 pm    Post subject: Reply with quote

Hola:
Me parece de una generosidad extrema la propuesta que plantea. El querer invertir en Asturias los pocos o muchos ahorros que uno tiene, da cuenta del cariño que tiene a esta tierra.
Aquí en España principalmente los ahorros familiares se van hacia estos lugares:
1- Planes de pensiones: principalmente personas de edad superior a 40 años que pretenden complementar su jubilación con un dinero extra. Tienen grandes beneficios fiscales por el dinero que se ingresa anualmente al plan, aunque el gobierno ha anunciado una próxima reforma de la legislación y su futuro es incierto.
2-Seguros de vida.
3-Fondos de inversión. Los hay garantizados, en los que se asegura la recuperación del capital invertido y los hay con riesgo. Su rentabilidad no es muy notable pero aportan liquidez.
4-La Bolsa. Cada vez con más adeptos.
5-Inversión en vivienda. Hasta este momento era una de las opciones que ofrecía mayor rentabilidad, hablando de revalorizaciones de un 30% dependiendo de la zona en la que se encontrara la vivienda. La subida de tipos de interés que se ha producido estos últimos meses y que se prevé continúe durante todo el año ha frenado la compra de viviendas como inversión.
6-Fincas rústicas. He leido hace poco un informe en el que diferentes analistas auguraban rentabilidades de entorno a un 12-14% para las fincas rústicas edificables del Occidente de Asturias.

Finalmente decir que el depósito de ING en el que se ofrece una rentabilidad de un 6% es solo de un mes, creo que la rentabilidad el resto del tiempo ronda un 2%.
Saludos
Carmen
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Terechu
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Joined: 24 Jun 2003
Posts: 1557
Location: GIJON - ASTURIAS

PostPosted: Mon Mar 27, 2006 6:10 pm    Post subject: Reply with quote

Bob, there's nothing more profitable right now than buying a piece of land. Real estate prices almost double every 3 years. If you want to invest in something more productive, buy a piece of forestry land , wood fetches very high prices - be it good quality wood for house building or eucalyptus wood for the paper mills. Wink
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Bob
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Joined: 24 Feb 2003
Posts: 1725
Location: Connecticut and Massachusetts

PostPosted: Tue Mar 28, 2006 1:18 pm    Post subject: Reply with quote

Carmen y Terechu,

Thanks very much for your replies,

I just took as quick look at the ING money market funds for Spain, and didn't relize that the interest rate of 6% was only for the first month. I probably didn't read carefully enough. In the EEUU, we can currently get 4.25% TO 4.75% (temporary rate until the end of April), and I do indeed have a liittle money in such accounts.

Still my personal prediction is that the euro will be more stable than the dollar in the immediate future.

I would apreciate more details on the other investment opportunities. Here in the EEUU, bank accounts up to $100,000 are guaranteed (principal only) by the government, but that "protection" seems less valuable each year as our economy deteriorates. I'm a fairly conservative investor, and am considering retirement in 5 years or so.

The idea of investng in real estate intrigues me, but I simply don't know enough about it. My uncle was once offered (by relatives) free cliff-top land overlooking Salinas on the condition that he build on it. He turned down the offer and has regretted it ever since.

I do know that a special government permit seems necessary for non-citizens to invest in Spanish real estate, but I don't know much about how to go about obtaining such a permit. In any event, all such levels of control and their accompanying legal requirements simply add to the cost and reduce potential profit. I also know nothing about annual taxes in Spain, which can be quite costly here in the EEUU.

Essentially it all boils down to the simple fact that I have a big emotional investment in Asturias, and it would please me to have some reasonable financial investment as well.

Bob
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manzanuca



Joined: 06 Dec 2005
Posts: 20
Location: Asturies

PostPosted: Tue Apr 04, 2006 3:08 pm    Post subject: Reply with quote

Hola:
Estos días he estado en Galicia y no he visto los mensajes hasta hoy.
Realmente el interés de las cuentas bancarias en EEUU es elevado respecto del que los Bancos ofrecen aquí. Aquí no llega ni a un 2% con lo cual un 4% o 4 y pico está muy bien. Generalmente tener los ahorros en una cuenta corriente de un Banco en España supone gastos más que ganancias.Con lo que te ingresan por el interés generado no cubres los gastos de las comisiones de mantenimiento de la cuenta, tarjeta de crédito y demás.
Desconocía que en EEUU sólo se asegurasen 100.000 dólares, ¿qué ocurre con el resto de dinero si se posee?¿acaso no tienes la seguridad de que si un día necesites liquidez te lo devuelvan? Me sorprende esto.
En cuanto a las jubilaciones en EEUU, creo que se obtienen a través del ahorro privado, supongo que no todo el mundo puede acceder a ellas. No sé si estoy equivocada.
Respecto a las fincas rústicas edificables no cabe duda que es una buena inversión y Salinas, por supuesto, es un buen sitio para invertir. Todo lo que esté cerca del aeropuerto especialmente zonas como Cudillero, Las Dueñas, Muros de Nalón, El Pito etc hay estudios que dicen que se van a revalorizar mucho. El transporte en avión es el medio del futuro, especialmente con la implantación de las compañías de bajo coste, y mucha gente querrá tener su casita de veraneo a 5 minutos del aeropuerto. La nueva autovía del Cantábrico va a favorecer que las fincas que se encuentran en el Occidente de Asturias obtengan altas rentabilidades, ya que es la zona más "incomunicada" hasta ahora, porque la autovía está practicamente concluida en el trazado Oriental, sin embargo aun quedan unos cuatro años para que se termine la parte occidental.
Saludos
Carmen
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Pororoca



Joined: 25 Nov 2006
Posts: 15
Location: Salinas

PostPosted: Sat Nov 25, 2006 10:04 am    Post subject: cómo? Reply with quote

O sea que "invertir en Asturias" es comprarse un terrenito y esperar a que suba de precio para que un asturiano se endeude comprandoos el terrenito?. Yo a eso lo llamaría especulación y no inversión. Y de nada vale invertir en una empresa asturiana, yo tengo acciones de una empresa asturiana y se llevan el curro a otros paises.
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Bob
Moderator


Joined: 24 Feb 2003
Posts: 1725
Location: Connecticut and Massachusetts

PostPosted: Sat Nov 25, 2006 10:39 am    Post subject: Reply with quote

Manzanuca,

Although the interest rates may seem higher here in the EEUU than is Asturias, most banks pay much lower rates, and we have to shop around quite a bit for the better rates (moving our money from bank to bank as the rates change). We can get slightly better rates if we are willing to accept the early withdrawal penalties for certificates of deposit.

As for the insurance, the $100,000 in federally guarantess insurance is per account name and per bank. A married couple, for instance, could each have an individual account and could share a joint account in the same bank, for a total federally insured value of $300,000. This can be repeated at as many banks as one has money for. Not many do.

Most Americans, but the way, have far less than $100,000 in ready cash and a great deal of debt. The more fortunate ones are eligible for Social Security upon retirement, have a private retirement account, and have private investments in addition to that, and owe little or nothing. One of my cousins, for example, just retired and has an income of about $700 a month from Social Security, not enough for a decent standard of living here. Fortunately, her husband has his own pension.

Of course, it is always difficult to compare incomes across national boundaries because of difference in tax laws, the availalbility and cost of medical care, the cost of basic goods (such as food and housing)., etc.
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