June 1, 2014, Panama City, Panama: Make money in retirement by setting up an import/export business abroad.
Dear Live and Invest Overseas Reader,
Years ago, when I had a satellite office in Quito, Ecuador, I flew into town for a visit one day to find the place full of stuff. Couldn't make my way through the room without moving boxes and baskets out of the way.
Embroidered table linens...colorful pashminas...carved wooden santos...musical instruments...handmade rocking chairs...silver bracelets...alpaca sweaters and shawls...tagua Christmas ornaments...leather duffle bags...
We'd been discussing the idea of launching a small import/export business, and the office was overflowing with the initial stock.
Our office manager at the time sold out that inventory (in some cases for four, five, or six times our cost), but then we moved on from the idea—not because we didn't think it viable but because other projects distracted us.