Re: Bye-bye to buy and hold

Uncle_vito wrote:
I choose Costa Rica but I will keep your suggestions in mind. I saw many expat Canadians there to escape the high taxes.

Yea. Panama, and even Central Mexico are becoming closer in, good places to retire to.

Problem is that if the government in any of these central american places starts to look at the expats as a taxation growth business, because there are so many of them, you're right back to the punitive taxation and cost of living you're trying to avoid.

JG



Vito


"John Galt" <kady101@xxxxxxxxx> wrote in message news:_cwDl.116223$Yx2.114351@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Steven L. wrote:
Uncle_vito wrote:
They will lose money trying to trade the market. If anything sell covered calls and vary from 70-25 percent invested in equities. Never zero and never 100%.

If you cannot do that then get out of the market and don't look back.
The problem is, a lot of parents were using the market to help finance their children's college education.

But the returns have been dreadful. The market is no higher now than it was in 1997. That means that parents who started investing for the children's college education when the kids were six years old have a zero return and no way to pay for tuition now.

It's trite to say "invest for 20-30 years and you'll be satisfied." Some of us don't have 30 years, given our needs--college tuition, impending retirement, serious health problems, etc.
Yep. There;s going to be a lot of people offshoring, possibly. If I was retiring today, I'd be in India or Malaysia or someplace in that neighborhood in a heartbeat, just for the sake of cost of living and medical expenses.

JG


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