My family has tossed around the idea of moving to latin america for years. Initially we were looking at Boquete, Panama. I closed this pathway due to the government requiring a large deposit of 200k in their banks or real estate. That was too much for us.
A few months ago we discovered Ecuador. We found out they only required a little less than $50k investment and upon further exploration we found out that our bachelor’s degree satisfy a requirement for a temporary visa.
After much thought and hundreds of monte carlo simulations we have decided to move to Cuenca, Ecuador.
With the influx of cash from selling cars and household goods we have decided to pay off lingering student loans that will no longer be forgiven.
Part of my worry about this decision is that we will remain largely invested in the US centric S&P 500. We do not feel good about the future of America or its stock market. However, I try not to base my investment decisions on political changes no matter how extreme so I will remain fully invested mostly in the US.
Despite these academic beliefs, I am worried. I believe we are the closest to severe recession or depression since the great recession. Tariffs cause inflation and effect the lower and middle classes most. I also worry that once foreign countries move their trade to other countries then they will be reluctant to move it back; especially during this presidency.
Millionaire Librarian 