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Message
Cuba - Teach Me How to Profit
Posted on 12/19/14 at 7:33 am
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.
5
Posted on 12/19/14 at 7:56 am to nelatf
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.
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 on 12/19/14 at 8:33 am to kingbob
quote:
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.
I was reading that the vast majority of the cars in Cuba are complete Frankenstein creations that are barely held together enough to keep running. They don't have any spare parts so they have to make their own the best that they can. A lot of the cars have been painted over with house paint to keep from rusting. I don't anticipate the Cuban government allowing the purchase of land by outsiders.
Posted on 12/19/14 at 8:48 am to nelatf
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.
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 on 12/19/14 at 9:08 am to nelatf
Posted on 12/19/14 at 9:15 am to nelatf
Michael Corleone had the key. Some will say Cuba is the new Vegas for the East Coasters is 10 years.
Posted on 12/19/14 at 9:23 am to nelatf
With it's location and size, and climate, with full modern mechanization, it could become an agricultural juggernaut in the region.
Posted on 12/19/14 at 9:30 am to kingbob
quote:
it all depends on how the government of Cuba decides to treat this.
This. Keep in mind that the local government hasn't said we can just sweep on in and expect to do business just like they would in the USA. If US citizens are even allowed to set up shop at all, expect lots of petty harassment from local officials looking for a bribe at a bare minimum. It'll probably be worse than that.
That said, someone with experience and local connections could probably do well. If you grew up in Miami and your cousin is in local government in one of the other places not called Havana, for instance.
Posted on 12/19/14 at 10:57 am to foshizzle
1.) Buy several thousand beach umbrellas and form company to sell/rent them to hotels/resorts for their guests to rent during their stay.
2.) Open up Surf Style outlet.
3.) Buy small cropdusting plan and equipment to pull advertisements behind it.
4.) Buy two dozen jet-skis wholesale. Rent to tourists.
5.) Buy jeeps/Vespas at wholesale. Rent to tourists.
6.) Open up Lambert's Franchise just off beach for Throwed Rolls in Paradise.
2.) Open up Surf Style outlet.
3.) Buy small cropdusting plan and equipment to pull advertisements behind it.
4.) Buy two dozen jet-skis wholesale. Rent to tourists.
5.) Buy jeeps/Vespas at wholesale. Rent to tourists.
6.) Open up Lambert's Franchise just off beach for Throwed Rolls in Paradise.
This post was edited on 12/19/14 at 10:58 am
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