Best Caribbean or Central America location to retire? (Now with South America!) - Off-Topic | futures io social day trading
futures io futures trading


Best Caribbean or Central America location to retire? (Now with South America!)
Updated: Views / Replies:37,270 / 338
Created: by Big Mike Attachments:14

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 14  
 
Thread Tools Search this Thread
 

Best Caribbean or Central America location to retire? (Now with South America!)

  #291 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 555 since Jan 2013
Thanks: 31 given, 361 received

I have read on other forums about 2 places:

1. Capetown: cost of living is 1/4th of the US. Great timezone, English speaking people, good internet.

2. Paraguay: low taxes, 1 year residency is an address and 6K deposit in a bank...

Edit: More info on Paraguay, because it seems it is very easy to get a resident permit there and life sounds cheap too:

"Regarding citizenship, you don't need to become citizen in order to live in Paraguay. You can get resident permit: temporal for 1 year renewable up to 6 times or permanent. More info:
http://www.migraciones.gov.py/items-7-r … raria.html

on job: it is required some proof of income *contract as free lance/publisher? or local for resident permit. For permanent, it is required that or land ownership

regarding monthly expenses, you can live easily on 1,000 USD / month and with 2,000 USD very comfly. Banks can open accounts in Guarani, USD or EUR. For deposits (when you or anyone pays in) of more than 10,000 USD you need to sign a form every time for money laundry control.

You can possess (banks, property, etc) as much as you can. Currently, there is not personal income tax, but apparently will be enforced from 2013 onwards at 10% rate."


Last edited by Pedro40; June 26th, 2013 at 07:11 PM.
Reply With Quote
 
  #292 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

Capetown is great, I considered it, but not so easy to get there, must invest into a local company and hire 3 locals, tax is 40% there but if you have solely a capital gain, only 25% of it must be paid, effectively 10%. City is great but who goes to live to country everybody else fleeing? With AIDS infection rate 50%, practically highest crime rate on planet so you can't even stop on red light not to get killed during the robbery, must wear an automatic gun all the time, etc

Trade to live. Not live to trade.
Reply With Quote
 
  #293 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received



MrYou View Post
I've thought about it a lot. If I could afford it I would seriously consider it, but these are the main issues:
  • You'll want a ~40-~50 ft catamaran ($250k-$500k+) and its a depreciating asset.
  • You'll need to perform regular maintenance, have insurance, etc.
  • You'll have extended-stay slip rental fees which will range from $500-$1000/month for certain areas.
  • More than likely you'll plan your travel to avoid harsh winter/summer areas.
  • Internet access is either going to be spotty or EXTREMELY expensive ($1000/month).

You could do all of this far cheaper, but you're going to be less comfortable living aboard and U.S. citizens can never escape taxes unless they reside in Puerto Rico and qualify for special status. My currently favorite single-handed capable catamaran is the Chris White Atlantic 47 Mastfoil.

In a lot of cases it may make more sense to travel by plane and get weekly/monthly rate studio-sized apartment rentals. Or travel by RV or camper van and stay for free in/near national parks or cheap in RV parks.


Cat vs. Mono ? The Great Debate | Sailfeed
Cat vs. Mono ? The Verdict | Sailfeed
Bumfuzzle » Us

Would you like to keep discussion going? If so we can start a separate topic here. I would love that.

Trade to live. Not live to trade.
Reply With Quote
 
  #294 (permalink)
Trading Apprentice
Vancouver Canada
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: futures
 
Posts: 7 since Jul 2013
Thanks: 0 given, 0 received

any popular place in Europe?

Reply With Quote
 
  #295 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,235 received

I am taking another look at Buzios Brazil. Anyone from there?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #296 (permalink)
Elite Member
Rio de Janeiro, Brazil
 
Futures Experience: Beginner
Platform: SC, S5T
Favorite Futures: Es
 
Posts: 617 since Jan 2013
Thanks: 321 given, 589 received


Big Mike View Post
I am taking another look at Buzios Brazil. Anyone from there?

Mike

I live a few hours away and I have been there albeit 10 years ago. I encountered frequent power outages and many large cockroaches in my hotel. I dont know what you are looking for exactly and although my opinion of Brasil is pretty low overall from a living standpoint I would recommend it/Rio for a month long visit- it would be a nice getaway in a country with a very distinct culture. If you are looking to do a whole lot of nothing and sitting on the beach i really would recommend Rio as IMHO it is the best beach in the world. But opinions are like... Remember, this country is still third world with third world problems.

Reply With Quote
 
  #297 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,235 received


Profiler View Post
I live a few hours away and I have been there albeit 10 years ago. I encountered frequent power outages and many large cockroaches in my hotel. I dont know what you are looking for exactly and although my opinion of Brasil is pretty low overall from a living standpoint I would recommend it/Rio for a month long visit- it would be a nice getaway in a country with a very distinct culture. If you are looking to do a whole lot of nothing and sitting on the beach i really would recommend Rio as IMHO it is the best beach in the world. But opinions are like... Remember, this country is still third world with third world problems.

Can you go into a bit more detail as to why you rate it "low overall from a living standpoint" ?

Are you an expat?

Can I ask, are you a gringo? I am just trying to find gringo expats to talk to about it.

Here is the type of property I am looking for:
Buzios Vacation Rental - VRBO 345767 - 4 BR Brazil House, Spectacular Ocean View Luxury Villa in Búzios, Brazil

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #298 (permalink)
Elite Member
Rio de Janeiro, Brazil
 
Futures Experience: Beginner
Platform: SC, S5T
Favorite Futures: Es
 
Posts: 617 since Jan 2013
Thanks: 321 given, 589 received

man where to begin....

first, i am a gringo, lived in US all my life until last year when i came down here since my wife is brasilian. quality of life is just way below the US. you cant drink the water out of the tap. what kind of country doesnt have potable drinking water in this day and age? we have a filter added on to our tap so we can but otherwise you see lots of people carrying gallons of water home from the store. this also means when you go out to restaurants you get dinged for paying for water at $3-4 which is a pet peeve of mine. the economy here is closed- 100% import taxes on everything. a $100k porsche costs 200k down here so you dont see many. worse, a toyota corolla cost 40k!!! can you imagine paying 40k for a corolla? end result is you have everything costing twice as much to favor the local brasilian products which are honestly complete crap. and you dont have many options to choose from. in the states go to a grocery store and there will literally be maybe 100 or more options for salad dressing-here you get 4 choices of generic. infrastructure is horrible. you arent supposed to flush toilet paper down the toilet because most pipes cant handle it. talk about safety, christ, we live in the best neighborhood in Rio literally across the street from the beach and my wife is afraid to walk on the street alone after 8pm. she got the windows tinted on her car not to block out the sun but so that people could not see that it was a single woman inside and give them the idea to rob her. you've seen the news about the protests lately im sure. these protests are legit- for what people pay and what they get this country is a joke! but like i said, these are factors more from a living standpoint than a visiting standpoint. ive visited way worse countries than here (india, thailand) and enjoyed them

as for that place- it looks freaking awesome!

Reply With Quote
The following user says Thank You to Profiler for this post:
 
  #299 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,235 received


Profiler View Post
man where to begin....

first, i am a gringo, lived in US all my life until last year when i came down here since my wife is brasilian. quality of life is just way below the US. you cant drink the water out of the tap. what kind of country doesnt have potable drinking water in this day and age? we have a filter added on to our tap so we can but otherwise you see lots of people carrying gallons of water home from the store. this also means when you go out to restaurants you get dinged for paying for water at $3-4 which is a pet peeve of mine. the economy here is closed- 100% import taxes on everything. a $100k porsche costs 200k down here so you dont see many. worse, a toyota corolla cost 40k!!! can you imagine paying 40k for a corolla? end result is you have everything costing twice as much to favor the local brasilian products which are honestly complete crap. and you dont have many options to choose from. in the states go to a grocery store and there will literally be maybe 100 or more options for salad dressing-here you get 4 choices of generic. infrastructure is horrible. you arent supposed to flush toilet paper down the toilet because most pipes cant handle it. talk about safety, christ, we live in the best neighborhood in Rio literally across the street from the beach and my wife is afraid to walk on the street alone after 8pm. she got the windows tinted on her car not to block out the sun but so that people could not see that it was a single woman inside and give them the idea to rob her. you've seen the news about the protests lately im sure. these protests are legit- for what people pay and what they get this country is a joke! but like i said, these are factors more from a living standpoint than a visiting standpoint. ive visited way worse countries than here (india, thailand) and enjoyed them

as for that place- it looks freaking awesome!

Thank you for that. That is discouraging and is much worse than what I had read. One reason I had shied away from Boquete Panama was because of all the guns everywhere, armed military at shopping centers and such. It sounds like the opposite end of what you are seeing in Brazil.

Sao Paulo the same?

Have you traveled to Ecuador?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #300 (permalink)
Elite Member
Rio de Janeiro, Brazil
 
Futures Experience: Beginner
Platform: SC, S5T
Favorite Futures: Es
 
Posts: 617 since Jan 2013
Thanks: 321 given, 589 received


ive not been to ecuador nor sao paulo. SP is a concrete jungle though, i def would not classify that as a getaway. as its the business hub of brasil it actually has some nice things like buildings and restaurants though.

Reply With Quote
The following user says Thank You to Profiler for this post:

Reply



futures io > > > Best Caribbean or Central America location to retire? (Now with South America!)

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Bend Over, America Big Mike Off-Topic 2 October 17th, 2013 01:58 AM
Thank You America, We are Going to Sue You Quick Summary News and Current Events 0 January 8th, 2013 01:50 AM
China Does Capitalism Better Than America cw30000 Off-Topic 0 March 14th, 2012 11:56 AM
Will Dropouts Save America? kbit News and Current Events 0 October 24th, 2011 02:56 PM
America is NOT broke Big Mike Off-Topic 26 March 11th, 2011 02:54 AM


All times are GMT -4. The time now is 09:23 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-16 in 0.14 seconds with 20 queries on phoenix via your IP 54.83.122.227