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Cuba - Teach Me How to Profit

Posted on 12/19/14 at 7:33 am
Posted by nelatf
NELA
Member since Jan 2011
2296 posts
Posted on 12/19/14 at 7:33 am
Looks like a 3rd world shithole on CNBC this morning - there has to be a world of opportunity to make money - educate me on how to make some in this play.

Posted by kingbob
Sorrento, LA
Member since Nov 2010
67228 posts
Posted on 12/19/14 at 7:56 am to
it all depends on how the government of Cuba decides to treat this. If they open up the purchase of property to foreigners (i.e. gringos), then try to scoop up beachfront property and sugarcane fields there. Tourism will probably be a huge boon to the Cuban economy because of this due to it's fantastic beaches and close proximity to the states.

If I had the coin, I would be doing what I could to buy and sell classic cars from the island and bringing them here to America.
This post was edited on 12/19/14 at 7:57 am
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37196 posts
Posted on 12/19/14 at 8:48 am to
Cuba is poor, but it does have some decent natural resources - mainly beaches.

Assuming the embargo is lifted, I would think tourism plays would be huge. Now, would it be enough to significantly move the stock of a Hilton or a Carnival? I don't know.

People generally only have X dollars for tourism. Opening up Cuba isn't going to create more tourism dollars. My guess will be as tourism ramps up in Cuba, it will hurt other Caribbean locales.

The big unknown is going to be this... will you be able to directly purchase land, stock, etc in Cuba?

Further, if this new found money trickles down into the country as a whole, I could see a big jump in consumer spending. But... I could also see all the money staying with the political class and the poor really being no better off.

Those cars down there would not meet any reasonable standard of a classic car. The chassis might be original, but little else is. I could maybe see buying some cars down there, bringing them back here, stripping them down to the chassis and completely rebuilding them.
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 12/19/14 at 9:08 am to
Posted by cuyahoga tiger
NE Ohio via Tangipahoa
Member since Nov 2011
5854 posts
Posted on 12/19/14 at 9:15 am to
Michael Corleone had the key. Some will say Cuba is the new Vegas for the East Coasters is 10 years.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
67228 posts
Posted on 12/19/14 at 9:23 am to
With it's location and size, and climate, with full modern mechanization, it could become an agricultural juggernaut in the region.
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