Martin Lustgarten has a lot of experience as an investment banker. He was born in Venezuela before moving to the United States where he operated several investment banks. Now, he has settled down in Florida operating his own firm.
Martin not only has the experience that investors can rely on but also has a network of contacts that he can call on for help around the world. One bit of advice that Lustgarten gives almost all investors is to diversify their portfolios by investing in the world’s fastest growing economies.
The world’s fastest growing economy is Papua New Guinea that is growing at a rate of about 15 percent annually. Each foreign investor must complete a form asking for permission to invest in the country with New Guinea’s Investment Promotion Authority. According to an article published via Business Advantage PNG, most company executives are optimistic that their company growth will continue through 2016. The biggest businesses in the country are in agriculture with the country having some of the world’s major tuna stocks. The country’s government is taking active steps to promote tourism so it might be the perfect opportunity to get in on the start of a new successful trend.
The world’s second fastest growing economy is Macau which is an autonomous territory on the southern coast of the China laying on the western side of the Pearl River District. The territory’s economy is largely based on tourism with gambling being a major factor. Las Vegas Sands, Wynn Resorts and Melco Crown have all made major investments in Macau.
The third fastest growing economy in the world is the Turks and Caicos Islands in the Bahamas island chain. Tourism is important here with the government building a large cruise ship port and several luxury resorts being constructed.
Investment bankers, like Martin, say that tourism is a great opportunity for many investors. While many investors may choose to invest in a particular country, there are other ways to get involved. One way, says Martin, is to buy stocks in an online travel provider. A second way is to invest in a cruise line or a hotel chain. Yet, another way is to diversify your options by investing in casinos and other entertainment opportunities. Check out his Tumblr page to see more of what Lustgarten is into lately.