I finally got a bank account setup for the LLC today, and put out the first application for an institutional crypto account with Gemini. More paperwork to fill out. I also rolled my covered calls on $MARA, up from $40 to $55, and out from June to September. This was the only way I could do it without paying the premium back at a loss. We’ll see how long I can kick this can down the road. More on that another day.
Having a checkbook control IRA means I can buy real estate, and the tweet above got me thinking about Costa Rica again. I’ve been telling myself that if everything goes well this year, with bitcoin and with vaccines, I want to get our passports updated and take a trip to Costa Rica. So I spent some time looking into it today.
They have several ways to gain residency. The most relevant to me is what they call inversionista, which requires a $50,000 investment in tourism, or $100,000 investment in reforestation. After two years of this I can apply for permanent residency, assuming I spend half the year in CR. There’s also a way to do if if one deposits $60,000 cash in a qualifying CR bank. Seems easy enough.
I even started looking at land for sale, since I can technically purchase it through my IRA, so long as it isn’t used for personal use. And who wouldn’t want to live here?
I showed this vid to the whole fam earlier and they go really excited. I’m really looking forward to getting my COVID vaccine and taking a trip this year. With the last three years of bear market, plus the last year of pandemic, I think we’re about overdue!