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

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.

FDIC only covers $100,000 per account per bank. I read the info from Chase while I was in there a while back. If it is a joint account, they up the limit to $100,000 for the husband, and $100,000 for the wife for a total of $200,000 per bank. Lot of hassle...you can use insurance contracts to accomplish a lot of what you would like to do, plus be able to pass the proceeds, or at least the major part of it to the next generation income tax free. Talk to a financial advisor in your area.

Originally Posted by boomcreek

FDIC only covers $100,000 per account per bank. I read the info from Chase while I was in there a while back. If it is a joint account, they up the limit to $100,000 for the husband, and $100,000 for the wife for a total of $200,000 per bank. Lot of hassle...you can use insurance contracts to accomplish a lot of what you would like to do, plus be able to pass the proceeds, or at least the major part of it to the next generation income tax free. Talk to a financial advisor in your area.

So is the best way to keep your money protected is to keep it in a trust??? Doesn't it still need to be in a bank somewhere though even if held in a trust?? How about a blind trust like the Rockefeller's do?? Has anybody heard about those?? No one can get to your money including the IRS. I heard that's how the rich stay rich and pay as little as 1% taxes. Forget exactly how they work, but I've heard they work and are legal.
I'll have to go dig up my estate/trust planning CD's and listen to them again. Loads of information in them from some of the best tax attorney's in the country. I know I'll initially have to pay Uncle Sam, but how you hold and what you do with the remainder can make a huge difference in your tax bracket.

If you like diversification...try The Sovereign Society; lots of great investment information.

V/R

AL

I would also recommend taking a trip to Dubai, UAE. If you've never heard of it...you soon will.


V/R

AL

Originally Posted by Offshore-Wealth.com

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

Well crap fire! OSW, I have been very upset ever since reading the article about the Ameros. All of my well thought out plans just went down the tubes! As I read these suggestions and opinions, I realize that us in the US can not grasp ( or rather we haven't grasped ) the seriousness of this happening. It is very scary and it PISSES me off! Anyhow, please keep reminding us (in the US) about this VERY REAL event taking place! I am not being sarcastic, I am being very serious! So please remind us from time to time . I have to redo my way of thinking, totally! Thank You

Originally Posted by Offshore-Wealth.com

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

Well crap fire! OSW, I have been very upset ever since reading the article about the Ameros. All of my well thought out plans just went down the tubes! As I read these suggestions and opinions, I realize that us in the US can not grasp ( or rather we haven't grasped ) the seriousness of this happening. It is very scary and it PISSES me off! Anyhow, please keep reminding us (in the US) about this VERY REAL event taking place! I am not being sarcastic, I am being very serious! So please remind us from time to time . I have to redo my way of thinking, totally! Thank You By the way Neno, thank you very much for this GREAT idea!!!

Could someone explain the difference, if there is one, between a financial advisor and a wealth advisor.

Originally Posted by Lakeway

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.

Your bank or financial institution have investment people on staff. And best of all it's free...so to speak. If you have private life insurace your agent should be able to give you some advice also.

Originally Posted by PAn8tv

Could someone explain the difference, if there is one, between a financial advisor and a wealth advisor.

But it to me is like a Financial Planner is for folks trying to earn from planned Investments. A Wealth Advisor is to me someone that is teaching you to hang on to what you have.(Big Money). Just Kidding.

Originally Posted by adm

I would also recommend taking a trip to Dubai, UAE. If you've never heard of it...you soon will.


V/R

AL

please explain...