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Investing in Mexico’s Surging Economy

30 September, 2013

As Mexico and its economy continue to gain attention on the world stage,wealthy Mexicans are betting heavily on the future and billionaire Carlos Slim told CNBC that Mexico is the best place in the world to invest right now.

“We have great potential because we have a healthy economy,healthy financial system,healthy public finance,a lot of infrastructure projects,” Slim said.

As a lifelong Mexican citizen and the second-richest man in the world,Slim knows a thing or two about Mexico real estate,the nation’s economy and its future outlook. According to Reuters,in recent years many U.S. and other international investors have allocated around 30 percent of their portfolios to investing in Mexico stocks and bonds. In addition,Mexico has reduced its benchmark interest rates to an all-time low of 4 percent and Standard & Poor raised its outlook for the nation’s credit rating to stable in early 2013.

“Mexico’s economy began picking up speed in May,with more robust growth coming in the second half of the year,” writes the Wall Street Journal. “Mexico’s government has committed to a balanced budget this year.”

Also of note,the total amount allocated to Mexico among the emerging market funds in U.S. portfolios has grown substantially over the last few years,and some experts are predicting that Mexico’s economy will expand by 3.5 to 4.5 percent this year. Perhaps its no surprise,then,that wealthy Mexican individuals and corporations have also been investing heavily in the U.S. over the last year and a half,with annual numbers rising by more than 11 percent in 2012 alone to hit $27.9 billion.

“Many of these investments come from companies controlled by Mexican billionaires,” writes Forbes. “They seek to take advantage of their proximity to the U.S. and its foreign investment-friendly laws.”

Finally,the U.S. Embassy reported that the U.S. federal government issued 4,000 investor visas to Mexican citizens in 2012,putting the number of investor (E-2) visa holders from South America’s second largest economy at number three,following only Japan and Germany. These special E-2 visas permit foreign individuals who invest substantial amounts of money in the U.S. to live and work anywhere in the country without going through a formal immigration process. As an added bonus,spouses of investors and children under 21 years of age are also typically granted E-2 visas.

The bottom line? Now is the best time to invest in Mexico,and that includes real estate! Take a hint from some of the world’s wealthiest people and most successful investors by investing today and taking part in Mexico’s flourishing economy. 

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