Thread: "Currency Talk Only". Investing,Ideals,Suggestions,Advice

[QUOTE=Cyberkhan;146107]With 10 mil after taxes you would be able to make between 400k and 800k a year without entering the stockmarket./QUOTE]

So if I end up with 10 million or more after taxes I should be in pretty good shape? Does everyone agree with this assesment? If I can make 500K a year without touching the principal I think I will be ok....

Many thanks Neno for this thread and thanks for you guys and girls responses.

I have a lot of questions but I will wait another day or two....

I will definately be hiring a financial advisor.....

What a great thing to need right??

Originally Posted by neno

This is what I am kinda asking. But what about the way you say Off-Shore accounts. I am wondering if lets say China or Europe, which is Off-Offshore to the US. If I had accounts there in CD's are just Interest Bearing accounts with the Yen or Euro's. Is their Banking system similar to the US in CD's and Interest bearing accounts, and, or protected?

Interesting,

Yes, you could open an offshore account in several countries which offer similar protection of FDIC false security does, so I would look at Swiss account personally, something known for privacy and solid currency. Again, there may be a few banks in U.S. which are not U.S. based which can allow you to hold other than dollars, and earn interest, so I suppose this is something worth researching for many. The whole point I was making is not to hold dollars in any account until dust settles after the world switches out of dollar on oil. You will sleep better if you do. (g)

Good luck to all, Mike

Originally Posted by heavyjetpfe

INGbank CDs are paying 5% right now with a 1 million dollar investment. You would receive 50,000 dollars interest every year. Their pass book accounts are currently paying 4.5%. I imagine other private banks will be about the same. Hope this helps

Yes Chase Banks. Now I know OSW has said to be careful with the Banks on thinking that the FDIC will cover. So Keep that in Mind. But as heavyjetpfe has stated the 5% from INGbank, I was in Chase yesterday and they are putting New Boards up as I was there of offering 9 Month CD's at 5.75% Interest. Since I was visiting the BM I as what amounts was the offering. She said they were open. And of course I ask the question of the FDIC protection and Limits. Told me that one account per "Different" Franchise Bank of $100,000.00 which we all know.

I have been very Interested with the Ideal of owning Mortgages. I have heard of the story of being a LandLord with out the Property Story. The Interest of these are alittle better. I been told (Not Professionally) that you can earn on your money upto 14%. Any members here with knowledge of this? The way I been told, it is buying Mortgages.

Interesting,

When it comes to traditional savings or CD accounts, you can get the better rates from online banks. Etrade pays over 5% on savings, so it is always best to shop around if you choose to keep money in dollar savings accounts. To each there own.

Good luck to all, Mike

Originally Posted by neno

Yes Chase Banks. Now I know OSW has said to be careful with the Banks on thinking that the FDIC will cover. So Keep that in Mind. But as heavyjetpfe has stated the 5% from INGbank, I was in Chase yesterday and they are putting New Boards up as I was there of offering 9 Month CD's at 5.75% Interest. Since I was visiting the BM I as what amounts was the offering. She said they were open. And of course I ask the question of the FDIC protection and Limits. Told me that one account per "Different" Franchise Bank of $100,000.00 which we all know.

I have been very Interested with the Ideal of owning Mortgages. I have heard of the story of being a LandLord with out the Property Story. The Interest of these are alittle better. I been told (Not Professionally) that you can earn on your money upto 14%. Any members here with knowledge of this? The way I been told, it is buying Mortgages.

Interesting,

I would not recommend purchasing mortgage paper in a down turning real estate market, and with the situation with dollar, there will be a ripple effect on confidence level of American's, so anthing with real estate is subjest to loss in value, so default rates will rise, hence, mortgages will go into default at a much higher rate, so you don't want to be stuck with any in my opinion.

If you want to take advantage of real estate, that is great, purchase all the forclosures you can, or tax liens which is the most profitable investment in properties. You can purchase tax liens are safe investment and can provide huge ROI with little risk, but stat away from real estate for another year or so, and this includes mortgages.

Good luck to all, Mike

Originally Posted by Offshore-Wealth.com

Interesting,

I would not recommend purchasing mortgage paper in a down turning real estate market, and with the situation with dollar, there will be a ripple effect on confidence level of American's, so anthing with real estate is subjest to loss in value, so default rates will rise, hence, mortgages will go into default at a much higher rate, so you don't want to be stuck with any in my opinion.

If you want to take advantage of real estate, that is great, purchase all the forclosures you can, or tax liens which is the most profitable investment in properties. You can purchase tax liens are safe investment and can provide huge ROI with little risk, but stat away from real estate for another year or so, and this includes mortgages.

Good luck to all, Mike

This exactly what I thought. Now with you stating to watch the Market for a Year or more, and with the Capital Gains Tax Excemption for different Income Brackets until I think 2009 that Bush signed. I am thinking with the Dinar of most resent Purchases, to hang on for that Year from date. then this Mortgage Marget might be in a turnaround mode. Thanks Mike. Just helping with some Planning Ideals.

Would the PMI (Principle Mortgage Insurance) that some Mortgages come with, Have an effect, incase of a Forecloser? I mean if that was in place, would it protect the Investers Original Amount? Or does this just have to do with the Mortgage holder?

Originally Posted by robmccallum01

After reading all of these excellent posts (thanks for starting this thread Neno!) I can't help but wonder if all of your advice is only for those of you who will be making a lot of money from our dinar.

I, on the other hand won't be making all that much because I was only able to afford almost a million dinars and cannot afford to buy anymore before the R/V hits.

So, with this being said.......are there any investment opportunities that will allow me to take my million dinars and invest that so I can make even more money? A lot of you are talking about taking half or whatever amount and reinvesting the other half. Well, for most most of you, half is probably 5+ million dinars but I don't have that much.

Can some of you also give some advice for those of us that only have lets say 1 million dinars or LESS??? This would be greatly appreciated because I'm sure that I'm not the only one with so little dinars in hand. Thanks very much in advance for any advice.

Cheers,

Rob

I can not give any advice based on knowledge of economics or anything like that... I just know what I will do:
Pay off ALL my debt!!!
I know,I know... you get tax breaks for loans etc - but the interest you pay for loans are always much higher than the tax breaks! At least here in Sweden; say I pay 10 000/year in interests...then I can deduct 30% from my income so I pay taxes on my income less 3 000...And the TAX on those 3 000 that I earn is of course MUCH less than the 10 000 I paid in interests...

Plus the FREEDOM!!!
May be I am not very "smart" right now...but having been in the situation every month for a while now, that I don't know if I can pay my mortage, my study loan etc, and being afraid that if I can't pay it they will take my house...I never want to be in that situation again!

So if you only have a little dinars, I think the best thing is to pay off EVERY loan. Then the monthly cost of living will be much lower (at least in my case as I have many loans) and the standard of "every day life" will rise.
/K

Originally Posted by Lakeway

OK let's say i ended up with 10 million DOLLARS after this hit. My plan is to leave the principal alone and live off of interest earned. Is this possible first of all and how much could i expect to make this way. I am scared of losing my money in investments.....Can anyone cure my anxiety?

If you are afraid of the ups and downs of the stock market, you may want to considered fixed accounts. Depending on the account, the current rate may be as high as 5% first year, with a guarantee of 1.5% to 3%. There are also what are referred to as "index accounts" which provide the safety of a "fixed" account with the potential fo stock market returns. Anyway, you can go into the stock market, and earn a healthy return, but whoever is managing it needs to know what they are doing and make sure you are well diversified.

Originally Posted by boomcreek

If you are afraid of the ups and downs of the stock market, you may want to considered fixed accounts. Depending on the account, the current rate may be as high as 5% first year, with a guarantee of 1.5% to 3%. There are also what are referred to as "index accounts" which provide the safety of a "fixed" account with the potential fo stock market returns. Anyway, you can go into the stock market, and earn a healthy return, but whoever is managing it needs to know what they are doing and make sure you are well diversified.

I have heard that mutual funds average about 10% per year.

It seems to me that that would be a great thing to get into if you had a substantial amount of money. With 10 million invested that would be a million a year. I could make ends meet I think.

My question is, how do I give them the money?

I can't deposit 10 million into my checking account.

I am not against some small risks as I plan on placing more money into the principal if the return is as high as I am hoping for.

I realize a financila advisor and maybe a tax attorney, accountant can be a big help and I would advise us all to use the professionals before you do anything. You will not egt another chance at this. I remember way back 2 years ago there was a guy suggesting that you don't spend a penny for 30 days just to get your head on straight which I thought made sense.

I hope this thread really becomes the focal point here after a RV. We can discuss not only investments but who has the best exchange rate.....etc etc


Thank you all and happy holiday season to us all.