POLL: How do you Protect Your Assets
- Thread starter rcanfiel
- Start date
It's about time we got a massive amount of polls from rcan again!
I was getting worried about you rcan!
I was getting worried about you rcan!
I have a friend who looks pretty poor on paper, and also another one who keeps most of his assets in offshore corperations and in non dollar, non yen, non euro based hard currency assets.
If none of those where available my friends would probably keep under $100,000 in any number of banks, however with the fed stealing your money by default (low rates, inflation, declining dollar) that's not the best option available, athough IMHO the dollar is about done declining Vs the Euro. Farm land owned by said offshore corps is probably not a terrible investment if I was to give advise to a friend. If you have friends worried about asset protection (and anyone with money should worry about it) I'd suggest them seeing a good attorney, and then using a lot of their own common sense, which assume hopes and assumes they have some. Of all your above mentioned options owning stuff with your spouse is probably the dumbest, although the dollar has fallen nearly 50% in the last year or so, so in that regard Uncle's Al and Ben have already done to you what the courts would if your sig other leaves you.
If none of those where available my friends would probably keep under $100,000 in any number of banks, however with the fed stealing your money by default (low rates, inflation, declining dollar) that's not the best option available, athough IMHO the dollar is about done declining Vs the Euro. Farm land owned by said offshore corps is probably not a terrible investment if I was to give advise to a friend. If you have friends worried about asset protection (and anyone with money should worry about it) I'd suggest them seeing a good attorney, and then using a lot of their own common sense, which assume hopes and assumes they have some. Of all your above mentioned options owning stuff with your spouse is probably the dumbest, although the dollar has fallen nearly 50% in the last year or so, so in that regard Uncle's Al and Ben have already done to you what the courts would if your sig other leaves you.
I have a friend who bought some high ground -- commanding view of land approaches. He poured concrete -- nice bunker. Also installed an anti-aircraft gun, then SAMs to forestall an aerial assault. Stockpiled much ammo, food and water.
All the guns and missiles are remotely controlled from the bunker. He is worried that he doesn't have any ICBMs.
All the guns and missiles are remotely controlled from the bunker. He is worried that he doesn't have any ICBMs.
what's it with farm land?