Coronado Panama Snowbird Trip Review | Weather, Cost of Living, Vibe, People + BIG ANNOUNCEMENT!

[@PassiveIncomeInvesting]

Hi Everyone, As mentioned at the end of the video, stay tuned for another video that will go over the technical aspects of the move: Including Taxes, Investing Strategy, Broker Changes, Visa Application etc. It should answer many of the questions you have. Thanks

[@PassiveIncomeInvesting]

Cost of living is a lot cheaper in panama dude . I’m not trying to convince you to do Anything, I’m just telling you my experience

[@Whatisthisstupidfinghandle]

Looking forward to it !

[@sidb9540]

Congrats Adrian on the move and THANK YOU for keeping the channel alive! A lotta people including myself follow your investing adventure and we are always keeping an eye out for your next videos!!

[@MY-wt8mf]

I wish you a lot of happiness in your new project ... thank you very much for all the videos ... the sun is the best gift in life and of course the dividends

[@AlpineDividends]

Awesome congrats man. I digital nomad'd for about 4 years, and can confirm that warm weather is where it's at! Really looking forward to your series about relocating, tax/residency considerations, etc, and how that impacts your investments. Enjoy!!! 🏝

[@seanmccann2790]

Wow!! I have just spent the past week looking at Boquete KZbin videos for earlier retirement options in Panama and then I see this. Further inspiration to move to Panama. Good for you!! Right behind you Adriano!

[@frenchessentials6137]

We live in Quebec City so we know about the long cold winters 🥶!! And this year it seems to be dragging on longer 😫. Congrats on the move to Panama. Excited for you! May follow you in a few years!!

[@beauchampfrancois151]

Good job to you both. I’ll do the same in Costa Rica soon. Panama is still on the list. I’m positively jealous and happy for you ;-) If we’re going the trade, why not do it both feet in the sand!!!

[@jamesharding3528]

That’s a huge announcement and I will be very interested to see how that works out for you. We are at a different stage of life but we are now looking at spending at least 3 to 4 months down south because I couldn’t agree more the weather has a huge impact on your life and your outlook.

[@MrChepburn]

Congratulations Adriano and Erica - you continue to be an inspiration to us all!

[@ericav4202]

Thanks Chris! we were talking about you the other day, missing you in the group! 😀

[@MrChepburn]

@@ericav4202 thanks - still here - been on vacation and busy working around the house

[@SHHHMotoTravels]

Congrats on the big announcement !!! Enjoy the new lifestyle ! Very happy for the both of you ... !

[@snoringord]

Honestly not a fan of Brandon, not gunna hate on him, but Adrian you got him beat, without a doubt 👍 Keep up the good work with your channel!

[@Rob-ob3sh]

Hello Adrian and Erica, congratulations on making the move to your new chapter in your life. I wish you all the best. I would like to thank you for giving me the road map to Passiv income and have been subscribed and watching your videos around Aug 2019. I first gain interest when I heard Adrian say he worked for Air Canada as I still work for Jazz LoL. I never miss a video. Adrian is the best as he always reply’s back to my questions and makes everything so simple to understand. Thanks again and God bless. Rob

[@PassiveIncomeInvesting]

Thanks bud !

[@mipa5661]

Congrats Adrian, thank you again for your transparency and honesty. High qualities, hard to find in our days. Really appreciate it. Good luck!

[@catherinedesilets8960]

CONGRATULATIONS!!!! 🎊

[@anne-marie5135]

I miss you guys so I'm looking forward to you coming back in June. I am moving to house down near your new place on Saturday. Also, one thing I've realised now that we're back in rainy season, is rainy season = mango season. I've been foraging so many mangoes from around the neighbourhood. I even found papayas yesterday. Free food is good!

[@PassiveIncomeInvesting]

We miss you too and think about you daily, as we repeat an expression you used often on a daily basis 😉 looking forward to coming back and eating free mangos 🥭 see you soon Ann Marie 🤗

[@ericav4202]

Congrats on the new place, see you soon!

[@soysaucecoupons7758]

Congratulations Adrian!!! Wishing you and your wife only happiness and blessings and peace in your new life!

[@Backtoreality1873]

Wow amazing congratulations!! Good luck with your move. Very exciting and inspiring 😁

[@dhicks5596]

Congratulations for the new move, we are searching a country to have a warmer weather to go in the winter and retire there in few years, can’t wait to learn more about Panama. And thank you for your channel on passive income investing, very helpful!

[@pavXX]

Thanks for the vid. Congrats on making the decision to move! Place looks beautiful.

[@pbrandt1415]

Hey hey welcome to Panama. We moved last October from Canada but we live in Panama City now. You will love it here!

[@PassiveIncomeInvesting]

I know we will ! We stayed all winter and it was great. Maybe we’ll move to Panama City after a few years …

[@pbrandt1415]

@@PassiveIncomeInvesting I am still working for my company and the city has high speed internet. 1000 mbs so that is partly why we are here. Haven't made it to Coronada. We will have to check it out.

[@Goforitmanager]

Awesome, definitely looking forward to the journey and what it takes to leave Canada and move to another country in terms of investments, taxes, health care, pensions, etc.

[@pilotgirl5953]

lol I guessed right away. Good for you!! Can't wait to here more about the move and costs, visas etc...... Thank you for posting!! love the different content at times......

[@KD-Passive]

Hey Adrian just new it! You will move to Panama the moment u returned to Canada. Yes Canada is expensive to live and cold too burr. Thanks for the updates and nice to know there is a alternative to Mexico! When I said u deserve more we'll this is it! Location is unique close to other countries! Well Done enjoy

[@PassiveIncomeInvesting]

Mexico is also a good option 😉 Costa Rica , Belize … ☀️

[@abha801]

Congrats Adrian, You deserve the best. :). So happy. Please keep us updating on new funds and passive investing.

[@bradrutledge7871]

Congrats on the move. Have been investing with the Passive Income Style for the last year. Currently up to about 7k/mo. My wife and i have the same plan as you and Erica with the move to Panama once we retire.

[@PassiveIncomeInvesting]

Nice work!

[@acirka]

Vous êtes rusés! Ahah Bon retour à MTL!

[@Lulu-ho5me]

Thanks for sharing-very interesting ! Looking forward for your next video.

[@brianwraight4966]

Eternal summer looks great!

[@joannapatterson4625]

Congrats Adrian!

[@solo_doppio]

Mes félicitations ! great move.

[@sopeter2756]

congratulations to you, Adriano😘😘👍

[@paulpanesar1538]

I can’t wait to hear more about this topic !!!

[@Gurkha9]

Congrats on the move, I'm roughly a generation older than you and making the move to SE Asia by next year for some of the same reasons. After decades of Montreal winters enough is enough!

[@PassiveIncomeInvesting]

Good for you ! You know what’s up 😉

[@Vadim_Variations]

Congratulations for the upcoming move! I am incredibly envious and have been looking at options for Thailand...but now you've got me thinking about Panama. Best of luck!

[@jasonstupak4535]

Watched and liked, thanks Adriano! Congrats on your journey, and all the best on the upcoming move.

[@j-yg1916]

I wish you the best Adrian your wife,for sure I shall keep following your excellent présentations,

[@jamiereusch6943]

Congrats Adrian! It would be great if you could provide a more detailed/specific cost of living estimate for panama, rather than just a comparison to Montreal only. Thx!

[@PassiveIncomeInvesting]

For sure , once we live there longer we will have more info to share

[@kuie5418]

Congrats.. looking fwd to hearing about your next chapter

[@theflightsimulationexperie6894]

Congrats Adrian to you and your wife. Well deserved and I will say, I’m a little jealous. But I’m on my journey also. I got about 2-3 years till I hit 1.5million USD and will be living on my passive income just like you guys. It’s nice to be able to pick up and move when you don’t like it somewhere. Go where your treated best. I gotta hunker down for a few more years up here in South Carolina and then goodbye. Costs here keep going up all the time. We are getting sick of it. We probably could do it now but I want to have at least 1.5 million to feel secure. Keep up the great work.

[@thedarkknight2329]

Lived in SC for about 7 years in the past. Really enjoyed living there. I've since migrated to Canada.

[@theflightsimulationexperie6894]

@@thedarkknight2329 there are nice things about it but cost is getting too high for what it is. I moved from LA and you couldn’t pay me enough money to ever live there again.

[@PassiveIncomeInvesting]

Nicer weather in South Carolina 😉

[@thedarkknight2329]

@@theflightsimulationexperie6894 roger that!

[@thedarkknight2329]

@@PassiveIncomeInvesting would have to definitely agree with you on the weather

[@randalxu4889]

Adrian, congratulations on the move! Nice weather, nice food, lower cost of living, I am so jealous. One question, any concerns about safety? I know that Coronado is a vacation town, so I assume that it is super safe? Also, could you also talk about the tax situation in your case if you move permanently there? Much appreciated!

[@PassiveIncomeInvesting]

Very safe ! It’s a private community. Details on your other questions in an upcoming video 😉

[@cloudedjourney]

Awesome man! Working toward doing the same! The costco prices are even worse because of the hardcore inflation that's hit. So glad to hear you will never abandon me :D

[@PassiveIncomeInvesting]

we wont :)

[@AdventureWaves]

Thanks for sharing, I just found your channel and this is exactly what we are working towards! Hows the political stability there these days?

[@marakaron3575]

Wow informative video! I have subscribed and will be following you for sure. Planning to move to Coronado too soon.

[@Got2Learn]

Nice move, can't wait to see the other videos! We tried looking into going to Florida permanantly but unfortunately, we can't just go there as stock market investors, we would need to invest a minimum of 1,000,000$ US and become real estate investors or have a normal job, Panama doesn't have this problem?

[@PassiveIncomeInvesting]

no but you do need 200K... next video will explain

[@robertparker1662]

Not to mention if you need any medical assistance, it will be very expensive.

[@PassiveIncomeInvesting]

Nope , it’s extremely affordable there .

[@SHHHMotoTravels]

I just watched this video once again, I originally thought arches when you released this last year. What are your thoughts about Coronado almost 1 year later ???

[@sminno]

Good Luck on the move!! I plan to get your product soon!

[@robertbazso5053]

Congrats… enjoy the weather and easy life…

[@kesho79]

congratulations ! good video . Just wondering if you can put a light on security ,Law and order situations for expact ? Thanks

[@willkeen5010]

Looking forward to your new journey. Thanks for allowing us to follow along.

[@garyboring7261]

Adrian, What's your opion of the split of clm Conerstone shares? It has dropped nearly 30% recently.

[@PassiveIncomeInvesting]

I made a short on it

[@LadyLuck-iv2zd]

Do you and your wife speak Spanish? Or did you find it to be largely English there? I’d be curious about the language barrier for non Spanish speakers. It’s on my to-do list to learn the language but wondered how one would make out without knowing it. Thanks, and congrats!

[@PassiveIncomeInvesting]

A little bit since it’s mostly ex pats people speak English in the community. We got by fine

[@notthesamecc1927]

monthly spend? exchange rate to canadian dollar? and congrats! Very happy for you! This is what it is all about (for canadians, at least).

[@tcmazz]

To be honest I'm surprised 😮 that you would leave Canada for eternal sunshine! I thought yes over the winter and fall months who doesn't want to be where it's hot. Leaving family and friends has got to be hard. I wish you and Erica all the best in Panama, don't take it the wrong way, I just would of done it more gradually but thats me! All the best,

[@PassiveIncomeInvesting]

Time is the most valuable commodity. Don’t forget that my friend 😉

[@dq7410]

Brother congrats! Wanted to take you out for a beer before you left permanently lol

[@AD-cy7wx]

Congrats!!!

[@patrickbramhill3434]

Congratulations Adrian ! That's my Dream !😉

[@tonyglen33]

Very cool. Just got my permanent residence via the FNV. Looking forward to seeing your investment moves if you become a Canadian "non resident". The withholding tax on US and Canadian dividends is an issue according to my research. I'm hoping you have a solution! Cheers.

[@PassiveIncomeInvesting]

nothing you can do about it ...

[@pandabear8142]

Congratulations

[@shootermacgavin1]

Congrats on the move I am jealous!

[@itz.mariavicz]

yeah Latin America in general is just a happier place despite all our problems we face back home (ie. poverty etc) but we're just happier people in general but I'm sure like certain areas are better than others, so do consider that before ever making a drastic big move to a brand new country just because of a trip! : )

[@PassiveIncomeInvesting]

Definitely happier 😉

[@wawaquan236]

Thanks you

[@FS2obscura]

Don’t do any deals with beavis. Too much drama! Just my opinion! This channel stands out by itself!

[@goldman1195]

great video and congrats on your leave to panama. me and my wife really tired of toronto after 22 years living here. why did you choose panama over places in US which is really cheap to live like florida or texas where there is no personal tax and weather or people are good? how do you communicate in panama as their language is mostly spanish?

[@timhennigar1468]

Not sure its talked about below - but will you leave your money and investments in Canadian banks and institutions - or will all that get (or need to be ) moved also?

[@PassiveIncomeInvesting]

Talked about in the next video

[@SmitHVAC.]

What do you think about CLM right now?

[@PassiveIncomeInvesting]

you will see soon enough :)

[@mrkcdrm]

congrats & happy for you and the fam adrian for the big move. dont keep us in the dark(keep the channel and the vibe) and keep leading the way out of the rat race for the rest of us!

[@user-ki6ge7zg8x]

Hola

[@moresugartradercc2744]

happy for you Panama has a lot going for it the only question I have is will you be still be providing Canadian content if your living in Panama do you need Canadian content in your investments

[@PassiveIncomeInvesting]

yes! :)

[@ricknash3055]

Congrats to the move! Find me a place to live down there. I'm on the Adrian Passiive Income Investment program and will be needing a change.. Panama sounds awesome!

[@ryanreyes1374]

hi Adrian. Maybe I missed it but I didn't hear about the price range of the rents that should be included in the cost of living. Can you give us an idea?

[@PassiveIncomeInvesting]

Depends on the location and square footage . Like everywhere else ! So it really depends …

[@paulr7731]

Hi Adriano. I’m just wondering how you came to discover Coronado as your destination - as opposed to other locations - in the first place?

[@PassiveIncomeInvesting]

We like the beach and it’s the most popular beach town in panama

[@Rob-ob3sh]

Wow this looks like a really bad day blood on the streets. It’s noon and showing my worst day in 2 years Can’t understand we’re are all the sellers coming from ? I still have a hard time looking at the price go down on my stocks even when I keep saying to myself (I’m a buy and hold investor) Adrian says who cares about price but my human nature says omg the price keeps going down. How do I get over this ?

[@sigor2011]

Don't sell a car, ship it. Friend just moved like you last year from Vancouver, he just shipped his tesla, was not bad.

[@PassiveIncomeInvesting]

it would cost like 5-6 k, not worth it . Plus taxis are $5

[@sigor2011]

@@PassiveIncomeInvesting small price to pay for fun

[@roberttaylor3594]

couldn't you drive or ship your car down there? I drove a van down to Belize and Guatemala; it can be pretty fun!

[@PassiveIncomeInvesting]

too $$

[@MilkyWay-gk8wl]

Hi Adrian! How much is the rent for a long term lease for a condo in Coronado? Thank you so much!

[@PassiveIncomeInvesting]

the range varies greatly like everywhere else. 1000-3000+ it really depends . 1200-1600 is the median i would say

[@MilkyWay-gk8wl]

@@PassiveIncomeInvesting thank you!

[@travelthis]

Do you have to liquidate registered accounts in Canada (to cut ties) or can you keep all of these still? Also, if you have a corporation in Ontario, does this need to be dissolved? I understand that income earned outside of Canada is not taxed so I wonder if one can move permanently to a new country and keep ties to Canada without tax consequences...

[@PassiveIncomeInvesting]

No you don’t … for a business , not sure you’ll have to look into it further

[@Bondo2k]

Is this going to change your focus away from Canada?

[@PassiveIncomeInvesting]

No , stay tuned for the next video on the panama move

[@jenniferg9100]

wow amazing! Love your channel and I am Panamanian. If you ever need anything please don't hesitate to reach out.

[@PassiveIncomeInvesting]

Where in panama 🇵🇦 are you located ?

[@jenniferg9100]

@@PassiveIncomeInvesting I live in the city and spend some time in the UK where my husband is from. If anything comes up and you need advise or help with anything just let me know and I can provide information from a locals perspective.

[@ThePolitanoFamily]

I feel like I’m the only one that doesn’t understand what happened to Clm. I’m down about $6000. Will it go back up? It kind of put me off of all of these funds

[@PassiveIncomeInvesting]

Same thing that happened last year at the same time . A rights offering. That lowers the price and brings it back closer to reality (nav)

[@master15951]

How much cost beach side houses in Panama

[@PassiveIncomeInvesting]

Not sure … but cheaper than here ! Oh wait , there’s no beach here lol

[@katalystc1268]

Brandon Beavis is overrated. Adrian your the man!

[@doctorshawn3461]

Anyone know if the tap water safe to drink?

[@PassiveIncomeInvesting]

Ex pats are skeptics so they all install this “purification system “ . That’s basically all I know

[@charlesrichardson1963]

I am in Panama and drink the tap water everywhere. I am in Coronado now and the water is good.

[@billdoerrfeld]

Maybe after living thru the rainy season you'll want to go somewhere else?

[@PassiveIncomeInvesting]

Ya , maybe I’ll go to mars

[@billdoerrfeld]

@@PassiveIncomeInvesting Ha ha. Where did you end up? I've heard Gorgona area is really noisy and crowded near beach. Looking for peaceful getaway...

[@PassiveIncomeInvesting]

Watch the video …

[@billdoerrfeld]

Maybe it's the Coronado Country Club? I can understand if for privacy/security reasons you don't want to reveal the exact location. Just curious on what you found to your liking.

[@ronrocheleau3035]

How was the language barrier? I don’t speak any Spanish

[@PassiveIncomeInvesting]

Not an issue , we speak a little Spanish . The bankers and lawyers speak English

[@ronrocheleau3035]

@@PassiveIncomeInvesting Anybody mention anything about bureaucratic pay-offs or shake-downs? It can be a real annoyance. I’ve was shaken-down twice during my last visit to Mexico. And my Thai friends tell me the Thai cops always have their hands-out.

[@PassiveIncomeInvesting]

I’d rather give cops 20$ instead of giving the Canadian government 40% of my income . Talk about shakedown … there’s no comparison

[@ronrocheleau3035]

@@PassiveIncomeInvesting / Arn’t you still going to pay taxes on your profits/trading accounts. Are you thinking of cashing-out everything and transferring everything to a Panamanian bank/brokerage account? Are you able to do that?

[@PassiveIncomeInvesting]

No , they don’t have that . I will have to pay 25% withholding tax on my dividends in my cash account . I talk about it in the video

[@ryanreid8608]

Can't be pissed at Costco for the high prices

[@PassiveIncomeInvesting]

Lol 😂

[@HamiltonRb]

You won’t like their eternal summer in July when it is 30 degrees plus and rainy every day

[@PassiveIncomeInvesting]

you are right, let me stay in Canada and freeze for 7 months out of the year....

[@HamiltonRb]

@@PassiveIncomeInvesting Well I live in Toronto and I don’t freeze 7 months of the year, unless you live outdoors. You will miss the patio scene in Montreal.

[@blanksy_-]

Rent it out then and go traveling

[@PassiveIncomeInvesting]

You seem to know me and what I like more than I know myself without even meeting me … I won’t try to do the same to you because just like investing , I don’t speculate 😉

[@HamiltonRb]

@@PassiveIncomeInvesting I like your investment style, and thats why I am here. I live in Toronto 6 months a year and Puerto Vallarta during the winter months , and not during summer months because of the heat, but love Toronto and visiting Montreal in the summer. You might like the heat of Panama in the summer, but I didn’t , and been to Panama twice. It might be for you, who knows, and hope you like it. Don’t take comments personally, just passing on my experience.

[@pradipbulsara7909]

investing $200,000 in real estate counts as investment for visa?

[@PassiveIncomeInvesting]

It’s a requirement for the visa