Hello, I am blacktea from Canada.
I am 44 and wish to retire and travel now.
My plan is either live in a motor home and travel Cheaper European country !
Or
Jump in my car and head to Central america !
I think i am very close to able to manage, i am used to living very very frugal.
I have not seen a movie in the cinema for more than five years and eat at restaurant no more than twice a year ! Hehe, i am cheap.
I have no friends so that makes it easy .
Anyhow, i have a real serious question to ask you expert investor here.
Which will determine if my dream to retire early is possible.
I have come across some very high interest paying GIC in a number of countries in Europe.
Russia, Bulgaria, Armenia , Azerbaijan.
Theses banks are paying anywhere from 8 to 10 % P.A. on Euro account.
Considering a 4% withdraw, my saving will actually be growing every year.
So, my question. How safe my money will be in the above countries ?
Thank you
Bleaktea
I am 44 and wish to retire and travel now.
My plan is either live in a motor home and travel Cheaper European country !
Or
Jump in my car and head to Central america !
I think i am very close to able to manage, i am used to living very very frugal.
I have not seen a movie in the cinema for more than five years and eat at restaurant no more than twice a year ! Hehe, i am cheap.
I have no friends so that makes it easy .
Anyhow, i have a real serious question to ask you expert investor here.
Which will determine if my dream to retire early is possible.
I have come across some very high interest paying GIC in a number of countries in Europe.
Russia, Bulgaria, Armenia , Azerbaijan.
Theses banks are paying anywhere from 8 to 10 % P.A. on Euro account.
Considering a 4% withdraw, my saving will actually be growing every year.
So, my question. How safe my money will be in the above countries ?
Thank you
Bleaktea