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Gone Fishin'

I introduced you yesterday to friend Alex Green's "Gone Fishin' Portfolio." That note prompted Venezuelan correspondent Don Ellers to write:

"You wanna' go fishing? Come on down to Venezuela. I'm convinced this is the best fishing and boating haven in the world.

"I've been shopping here for my dream boat. Something that would have all the comforts of home and still be great for fishing. Gently used secondhand boats cost a fraction what they cost in the States. I'm talking about 50% to 75% of what I'd pay back home.

"I'm looking at boats with full galleys, sleeping room for six to eight people, and heads with showers and all the bells and whistles. Figure in the parallel market exchange, and you feel like you're stealing the thing.

"I've seen some beautiful crafts selling for US$15,000 to US$30,000 that would cost US$50,000 to US$75,000 or more back in New York.

"I want something with a pair or trio of inboards/outboards ranging from 225 to more than 300 horses apiece. That'd be enough power for me to travel all along this country's super-long stretch of gorgeous Caribbean coastline and even across to the islands of Margarita, Isla de Coche, Isla de Aves, Los Roques, Aruba, Bonaire, Curacao, Trinidad and Tobago…

"Plus, get this: Gasoline sells for around 11 cents a gallon in this country (before you factor in the parallel market exchange rate!). Nobody in this part of the world ever worries about going out for a long cruise. Can't say the same in North America or Europe these days, where all the captains I know think long and hard before taking their boats out for pleasure runs and spend most of their 'boating' time tied up at the dock.

"Add an extra fuel tank, and you could make your way from Venezuela all the way up to the Bahamas.

"Boat and gasoline costs aside, Venezuela is the world's best fishing haven that you've probably never heard about. The many canals run with brackish water and a great variety of fish, including some that are native only to this region.

"Out in the open Caribbean, the fishing options and opportunities are endless. Mackerel, grouper, bass, world-class marlin…all are common in Venezuela. Even with a very small budget, you could afford a boat that'd keep you busy and happy fishing the canals.  Bigger pocketbook? With a bigger boat, you use the canals for quick access to the open sea.

"Many developments along the coast, including Isla de Oro, where I have a condo, have their own marinas. Along the canals, you find small piers behind the homes where you can tie up…"

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing's International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

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Source: https://www.liveandinvestoverseas.com/retirement-living/gone-fishin/

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