Retired Rare
Retired Rare
Rare Coin Investing?
I saw a book on Amazon.com about investing in rare coins for an early retirement. I won't mention the title, because I think it's against this site's Community Guidelines for me to ask whether or not you would recommend a product by name.
But basically the book claims to teach you how, by investing about $210 a month in rare coins, you could make enough to retire in about a dozen years. It's not an easy task, because apparently it takes a lot of research to find a coin that will give you a good return on your investment.
The book was published in 1998. I used AIER.org's Cost-of-Living Calculator to figure out that $210 in 1998 is worth about $265 today.
Well, I don't know much about rare coin collecting and investing. Would you be able to tell me if rare coin investing could really enable you to retire in about a dozen years?
Many thanks,
C.L.
If you happened to get lucky and always by the right coin and happen to luck out into getting it certified at a high grade (rare coins only) - then you could make a large profit on each coin. However, this is rare - certainly not something you can count on for 12 years. The highest profit I have made on an uncertified coin is 5 times it's usmint issued value. However, this only happened once...I have lost money on selling coins that come back as "less than perfect" on many, many occasions. I'm picturing $43,000 worth of coins over twelve years...even if you tripled your money (unlikely) you would only have around $130,000...a nice chunk of cash...but hardly enough to retire on.
Hope this helps.
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A new phenomenon with people in Western countries shows they are now buying their second homes abroad with a view to retiring there and their gaining a massive increase in living standards
Why? Because they can retire close to home and take advantage of vastly reduced living costs and enjoying their Golden years in luxury.
What are the advantages of retiring abroad?
1. Geography
For Americans anyway, as places such Central America are close by (just a few hours from US), flights are cheap and frequent.
That means, you gain a higher standard of living than your home country, but you are still near by. It seems that for Americans, Costa Rica presents both a closeness to home and a real step up in living standards.
2. Can a Less Expensive Lifestyle Also be a Better Lifestyle?
The answer is YES! Right now, comparable homes are 70% cheaper in Costa Rica than in the US Southern states.
Retiring abroad in Costa Rica on say, a pension of $2,000 a month will bring you a relaxed and comfortable lifestyle.
In the States or Canada, such an amount would just let you barely get by.
3. The Retirement You Deserve
Having worked hard all your life, you deserve to pass your silver years in enjoyment.
Instead of crowed cities, crime, pollution and runaway inflation, living in Costa Rica can mean pristine beaches, unspoiled nature, rolling hills, rainforest and bountiful wild life.
As for the local population, they are in a country friendly and glad to have you living in their country and their are plety of foreigners just like you who have retired abroad, so you will feel at home.
This is a place where serious crime is rare; where people have time to talk and enjoy themselves. Compare this to the daily drama of any American city.
4. Can Costa Rica Provide the Same Amenities as the American Cities then?
Americans are especially surprised to find everything they had at home, and more,when they retire abroad to Costa Rica.
They have the most modern communications, unlimited entertainment, a real nightlife and shopping with the world's top brands. If you like golf, this is a golfer's paradise fancy some fishing its fantastic! The list is endless.
5. Retiring in Costa Rica 1.01
The main reason people are now retiring in Costa Rica (from the US, Canada and Europe) is that the economy is booming, the country is modern and safe, and the government makes it easy for foreigners to do so.
The new land investors from abroad are given the same rights to land and property as Costa Ricans themselves. Add to that the fact there is no tax on your social security and inflation is in check there.
Remember that Costa Rica is only a three hour flight from many US cities. This means you are never far from home.
With excellent communications, the latest internet technology available (at very good rates), and some of the world's best healthcare, one has to really question the choice of remaining at home or moving to Costa Rica.
Some Food for Thought
Inflation and security in the States are making life very difficult for those of retirement age and retiring abroad is an option more and more people are looking at.
Prices of places in Florida or California have price tags that restrict the average retiree.
As for lifestyle, crime, and crowding is making retirement a nightmare instead of a well deserved rest from your toils.
Thinking about Costa Rica, you can still find a bit of paradise at a cost you can afford, where nature is at its finest, where the food, the people, the infrastructure and laws all favor the retiree, rather than making them victims, as they are becoming now in the Western world.
If you are retiring abroad consider Costa Rica it has much to offer and you will have the time of your life.
About the Author:
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Article Source: ArticlesBase.com - Retiring Abroad - the Retirement Home of your Dreams Can Be Yours
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