By Gary Scott

Part #1: The New Zealand dollar has crashed. See why this offers opportunity.

Part #2: There are profits in Ecuador if you get real. See why Merri and I were able to make a 30 second buying decision and come out ahead.

Part #3: This health tip shows how to chew up fat!

Easter is a time for refreshment and renewal, a time of turmoil and change. Currencies are in a state of change so let’s review one of the currencies most affected now.

Jyske Bank reported March 26, 2006 that things could not get much worse for the New Zealand dollar. From mid-December 2005 to date, it has weakened by 15% against the US dollar and 20% against the euro.

Numerous fundamentals have been bad, an uncertain central bank, an aggressive finance minister and a general change in the international liquidity flow as a result of the Japanese yen.

This may create an opportunity.

Jyske’s technical March 26 analysis showed the market to be overreacting and stated “Normally such a scenario would tend to generate pleasant surprises”.

Jyske warned that the list of adversities for the NZ dollar is long: prospects of the central bank changing its monetary policy, political pressure against NZD (as an easy solution to the present wretched economic situation), waning buying interest on the part of the Japanese for Japanese bonds denominated in NZD and historically-high imbalances of the New Zealand economy.

However Jyske recommend investors to buy NZD and NZD-denominated bonds in expectation of a necessary correction.

I personally invested in a NZ$ 6.50% NRW.BANK 26-08-2008

Jyske recommends that investors watch 60 cents as an important marker in the NZD/USD rate. If daily rates close below this level, Jyske expects a change to the worse in market psychology.

The chart below shows that Jyske was correct almost to the day and the NZ$ began to recover March 30, 206. Watch the rates this week carefully to see which way it goes.

This graph comes from www.x-rate.com where you can follow the NZ$ forex rate.

Learn more about how to develop investing philosophies and investments in currencies. Join Merri, Thomas Fischer of Jyske Bank and me at our next International Business and Investing Made EZ course in North Carolina. DETAILS

During this time of turmoil, we have continued to track five multi currency portfolios. The Asian MultiCurrency Portfolio is now up 90.20% from October 21, 2005, as of April 6, 2006. This is a reflection of strong emerging Asian economies. The downfall of emerging currencies has had little impact in Asia.

The Emerging Market Portfolio is up 47.61% from Oct. 21, 2005. This shows that the emerging equities continue to gain during this currency turmoil.

The three Dollar MultiCurrency Portfolios which have held New Zealand dollars as part of the portfolio are slightly down:

The Dollar Long Portfolio is down - 0.875%
The Dollar Hedge Portfolio is down - 1.39%
The Dollar Short Portfolio is down - 4.24%

This shows that well diversified portfolios suffer less during currency turmoil.

You can learn more about how to double your profit potential with the MultiCurrency Sandwich. DETAILS

Part #2: There is also profit potential from changes here in Ecuador….however you have to work to find them. Recently a reader wrote asking about exports. They wanted a perfect, proven to sell product at really low prices delivered to their home. And they wanted to pay for the goods later after they were sold.

Then another reader called and wanted to visit a real estate broker, pick out a mansion from a multiple listing, buy it overnight, take quick possession, have title insurance and do it all with a low down payment and cheap mortgage.

These readers were not being realistic in this pioneer country of Ecuador.

The way to spot contrasts and distortions is to search. You can find special bargains anywhere if you look hard enough, but there is no bargain store where business has been made easy with huge profits guaranteed and everything totally prepared.

When every step in any process is wrapped up, tidy and easy you can be sure that the big profits are gone.

Three keys are needed to spot contrast, distortions and bargains. You need to know the market, the sellers’ motivation and what you want and can afford. Ecuador just happens to have more than its share of opportunity and is really enjoyable place to spend time searching and working.

Here is one reason why real estate in Ecuador offers great potential but also requires plenty of effort.

As you travel around Ecuador you continually see what appears to be half built houses, perhaps even abandoned. This is not so. These unfinished buildings represent a form of money in the bank.

Until five plus years ago when Ecuador dollarized, the currency, the sucre continually devalued. No one held sucres for long. Instead they learned to put whatever cash they had into building supplies, immediately. They built as they could afford to.

When the first floor is finished the owner moves in, but keeps on building higher. Here is such a building. People live downstairs and slowly build up, as high as they can go.

Old habits die hard and this “build as you go” attitude has not disappeared.

This means that people only sell property for one of three reasons. First, they are moving etc. This is the most rare.

Second, they put a crazy price on a property, post a “Su Vende” and wait. This is common and you see signs like this all the time.

Here is such a sign indicating that a lot behind our local cathedral is for sale.

The third and best buying opportunity comes when a property owner needs cash. This is what to look for. When Merri and I bought the hotel down here it took us 30 seconds to decide to buy.  This was because we have spent years looking and know what prices are.  We knew what we wanted. The owner really wanted to sell and price the building accordingly so we had a deal.

Once you have figured out these three facts making the decision is easy.

Tomorrow we look at why Import Export in Ecuador also offers great potential.

Here is one more important fact. This process is healthy and fun! Look at the beauty we see (This was Mount Cotacachi this morning just a couple of miles away) on our real estate inspection walks. We hiked up to its base, walked over a 180 acre parcel for sale just above the hotel. We had a little picnic and enjoyed glorious long range views and watching Ma bang her tail on the corn stalks. We decided this parcel was nor for us, but this did not diminish the healthy hike, the beauty, the fresh air or the peace and quiet we enjoyed a bit!

Learn more on how to earn abroad and have everlasting wealth. Join Merri and me and our Ecuador Import-Export Expedition. DETAILS

Part #3:Here’s a powerful health tip. There are seven simple exercises that can dramatically improve your heath. One is to simply chew in a different way! See our free “Power in Key Muscles” report about this at.

Come anytime to Ecuador for a week's R & R. Be coddled. Learn EZ exercises that help you gain energy and lose weight as you shed stress. East at the Qujioa Cafe for more energy, health and less stress. TO FIND OUT MORE

Until next message, may there be power in all you do and are!

Gary

P.S. Being able to earn anywhere provides the ultimate freedom. This is why Merri and I offer a complete course on how to write and self-publish.

Another great way to get started is with another course on how to be a travel writer as a side-line career…a way to write off your vacations on your taxes…a way to reduce your travel expenses and explore the world as a VIP.

Travel writing is undeniably romantic. But let's face it -- you're not likely to rake in $100,000 a year just writing about hotels and far-flung excursions. You'll see the world in a way most people never will. You'll have a great time. Your neighbors and friends will be green with envy. But you won't get super rich.

Most people don't ever escape the drudgery of the 9-5 world. If lucky, they'll manage to get away for a week a year.

Travel writing is a practical realistic way to change all that because it gives you an opportunity to start small and grow as you see the world. You really can be get started fast… exploring the world like a VIP… traveling on somebody else's dime… and enjoying the freedom and flexibility that global earning skills can bring.  Find out more