What's the best strategy for asset protection and wealth preservation in Nicaragua?

There are a lot of different financial instruments you can use to protect your assets and preserve your wealth in Nicaragua. You have CD’s, you have the Nicaraguan stock market, and you have banks where you could deposit money into a bank account. Nicaragua has savings accounts where you get more interest here than you would get even on a CD back in the US.  For example, you easily get 3% on a Nicaraguan CD. Relative to banks, you can definitely get a pretty set percentage of...

There are a lot of different financial instruments you can use to protect your assets and preserve your wealth in Nicaragua. You have CD’s, you have the Nicaraguan stock market, and you have banks where you could deposit money into a bank account. Nicaragua has savings accounts where you get more interest here than you would get even on a CD back in the US.  For example, you easily get 3% on a Nicaraguan CD. Relative to banks, you can definitely get a pretty set percentage of return instead of a variable one over the course of 4 or 5 years.
 
You could also buy real estate. If you have a lot of wealth then real estate is a very interesting option. Prices of land here or property can change greatly within a relatively small amount of time. So I would say for your preservation of wealth, diversify you assets.
 
An investment in property is what you see that most. But then again, it’s not something that you should go into or invest in without having taken a good amount time. I’ve known people who bought property and never used it because their idea was to sell it 10 or 15 years later, which worked out well for them.  But the thing is, just like you could realize a gain from property, property can also lose its value, and sometimes, that’s what happens.  It happens here just as it happens everywhere else. So if you want preservation of wealth, they give you the best options.
 
The stock market is very good option; very reputable. The Nicaraguan stock market is very stable. Property can be a good investment, and lots of people are getting into it, but I would say that it’s the highest risk.

 

(Pictured: Bolsa de Valores de Nicaragua (Nicaraguan stock market) logo)