Inside this issue... A Lifestyle for Everyone in the Heart of Colombia; Beauty and Convenience in Panama's Crater Valley; Rent in Bangkok's Best Districts from $1,020 a Month; Five Spots Where You'll Find Premium Views for Less than $150,000; How a Humble Stamp Can Make a Million ...and much more.
All over the planet you’ll find little pockets of prosperity…corners where you can live comfortably on a modest budget…destinations rich with opportunity for adventure and profit. Rarely—if ever—are these places you hear about on the nightly news. But that’s not surprising. Our correspondents aren’t looking under bushes for a brouhaha.
In northwest Africa the village of Kartong, Gambia, hosts the Kartong Festival February 7 to 9. Traditional dance, music, and street performances, as well as local arts and crafts, are part of the event, which includes cook-offs and feasts. From February 7 to March 1, the Perth International Arts Festival in Western Australia will sate your appetite for the art.
Colombians have been visiting the colonial town of Salento in the heart of the country’s Coffee Triangle for decades. Its colorful bahareque architecture and the proximity of the vast and magnificent Cocora National Park are just two attractions. Trout is a specialty dish. And costs of living are low. For example, expats who have settled in the region report renting for just $200 a month.
You have probably heard of Cuenca. It’s Ecuador’s most popular retirement haven, home to thousands of contented expats, colonial architecture, verdant parks, galleries, museums, and plenty of bars and restaurants. But that’s just the city itself. Since arriving, my work with a local tour company has helped me uncover some of the best day trips.
For any careful investor it’s important to understand not just the current trend but rather where we’re headed. As such, keep an eye toward the future for the growth leaders of tomorrow. Since 2007, emerging markets have been outspending American consumers. Take a look at the charts here to see how the international growth/redistribution of current consumption trends will change the landscape of international business.
There are people who plan carefully for the future—folks who weigh all the advantages and disadvantages of major decisions, then make life changes in careful, graduated steps… My wife Ann and I are not those people. When we announced to family and friends that we were selling our home and moving to the beach town of Salinas, Ecuador, they were—to put it mildly—shocked.
Panama City is one of the world’s top cities for retirees. There are plenty of reasons. For one thing, Panama’s Pensionado program provides the most attractive range of retiree benefits you’re likely to find anywhere. The temperature rarely drops below 68 F. And the city is jam-packed with modern amenities, thousands of restaurants, glittering shopping malls, cinemas where you can catch English-language movies…
Most mornings Chuck and Kathy Baumgarten can be found leisurely sipping coffee and enjoying the sunrise from their porch. It’s easy to see why if you visit their home. They have one of the most scenic vistas in all of Ecuador. Mount Imbabura seems to rise from their backyard. A 180-degree turn showcases Mount Cotacachi’s golden-hour glow.
Interest in Brazil is at an all-time high. This month the world’s most famous carnival hits the streets of Rio, and this year’s soccer World Cup and the 2016 Olympic games are being held here. These are great reasons to plan a visit, but there are reasons to stay longer, too…white-sand beaches, pleasant weather, incredible natural beauty, a vibrant culture, diverse and healthy food, and warm and receptive people.