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

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?

With 10 mil after taxes you would be able to make between 400k and 800k a year without entering the stockmarket.

The absolute safest investment that you have at your fingertips is the US Treasury. They will also provide you with the lowest rate of return.
The next safest ave. that you have in the US is Tax Free Municipal Bonds and/or Pass Thru Securities. Now mind you that you would want BBB or higher as that is considered investment grade. The higher the rating the lower the rate and the greater the level of safety.

If you decide you want a bit of a higher rate you can always invest in Corporate Debt but make sure that you are investing with a company that has a PROVEN track record. GE and the like are the safest players in town.

There are also REITs (Real Estate Investment Trusts). Do be careful when looking into those however. Some are fantastic investments while others are shakey at best. There are REITS that are private (no market risk) and public which are on the stock market and do carry market risk (volatile).

You can always look into CD's but remember that 100K is the limit (per bank) for the insurance from the FDIC. You can always invest more but god forbid the bank goes south you are SOL for anything over the FDIC coverage.

Banks do typically invest your CD money into Collateralized Mortgage Obligations. This is where you can kick out the middle man and get the banks rate as opposed to the Investors rate. GNMA, FNMA, and FHLMC are three of the biggest companies. GNMA is the only direct oblgation of the US Govt. Meaning that if the investment goes belly up the Govt. will step in and take care of the repayment of principal. One again you need to be aware of the Credit Rating of the issuer. AAA is the way to go.

Now if you are looking for growth and income at the same time there are plenty of stocks and mutual funds out there that will potentially help you accomplish both. I have seen stocks that pay dividends as high as 20%. Keep in mind that when a stock is paying those kinds of dividends they are typically VERY volatile.

There are a wide variety of investment choices out there for you. What you should do is meet with a financial planner/advisor and review what it is you are looking to accomplish.

Never put all of you eggs into one basket however. You should always have a well diversified portfolio. Now I am not saying that you should invest in 40 different companies or instruments but you should have exposure to several different sectors of the market.

Make sure that you do your own due diligence on this. Noone knows better than you what it is you are looking to accomplish with your assets.

I hope that this helps in assisting you with your future decisions.

Originally Posted by heavyjetpfe

I went to see my tax lawyer the other day and asked him about investing in something safe and living off the intrest.

He mentioned a deal I was not aware of. He told me that if I were to start a trust(?) not sure if that was the word he used. by giving the money to a college or one of the armed services I would get a return on this donation large enough to live on my entire life, and my spouses (if I had one) life then pay my kids for their lifetime. He was talking in the neighboehood of $250.000 a year on a 2 million donation. The down side was after the last of my children die all the money goes to the college or armed foces.

My lawyer said he would look into this deeper. I'll post what he comes up with.

This is called a charitable remainder trust. Sorry to say this 250K a year on 2 million is a return that cannot be done in a SAFE manner. That is not to say that you can't do it but that is def. not a fixed rate of return that you can find anywhere in todays market. That is 12.5%. You can make that and more in the market but don't think that it is set in stone.

You are able to collect all gains and interest that your trust accumulates tax free for as long as you and your joint tenants are alive. The reason for that is due to the fact that when you do leave this earth the money is given to a charitable foundation of your choosing. A charitable trust is an excellent choice for a PORTION of your portfolio. Remember that your heirs need to eat to. So don't give every last penny to the charities. Remember that even Warren Buffet kept a couple billion for himself.

Hope that this helps.

Here is a page with lots of info about offshore accounts etc:

Anonymous banking, offshore banking, anonymous offshore bank accounts, offshore bank accounts, offshore company formation, anonymous offshore companies, tax avoidance, asset, privacy and wealth protection services.

Originally Posted by webinvestor

I can tell you that a certain bank (one of the largest in the world) in Singapore will let you have accounts using 8+ foreign currencies. So, i can have 1 in yen, 1 in euro, 1 in whatever - atleast 8 major currencies are offered. Maybe US banks only let you open us dollar accounts but in places like Singapore, Taiwan, Hong Kong, or Macau, you have various choices for simple saving accounts.

Yes, thank you and why not spill that tip? Having a {click it} DBS account is a fantastic way to discover the opportunities coming out of that vibrant little sardine source for diversity with all kinds of markets and good food too....

Singaporeans I dare say & vouch.... are "privileged" to be where they are now.... gosh...all my classmates are ALL OVER the globe and happily enjoying a Lifestyle with leisure to luxury...



YB. cheers and it must be that Guinness I started with....

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

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

Thank you Rob! I am also in the same boat, so will be interested in the answers you receive.

Originally Posted by choochie

Thank you Rob! I am also in the same boat, so will be interested in the answers you receive.

Me too!...and it's a GREAT boat to be in! Hoping some more of our family at rolclub will assist us littler brothers.

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

Neno, great thread!!

Fantastic info posted so far. Thanks all!!

Keep it coming!!

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

My husband and I currently have 400,000 dinars. I want to invest 1/4 of whatever we have at the R/V. I like heavyjetpfe's idea. CDs are good for a moderate risk investment. I am still in the middle of investigating some investment opportunities so any ideas are greatly appreciated.