Posts by GrantI

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Wealthy Chinese are paying BIG money for this piece of paper

Demand was so high for one immigrant investor program in Canada, in fact, that it was shut down to deal with the backlog.

It recently reopened. But now it’s capped at just 60 applications, and the offshore investment qualification nearly quintupled.

Meanwhile, Chinese investors fork over $5 million in order to qualify for Australian residency and citizenship.

How to Store Your Gold Offshore

Most people are now aware that foreign financial accounts are reportable to the IRS under FATCA. Both you and the foreign financial institution are obligated to report the details of any offshore banking accounts if their aggregate value exceeds certain thresholds.

Why Your Brokerage Account Isn’t as Safe as You Think It Is

The MF Global fiasco is one of the most important financial stories of the past decade. It showed that the financial system isn’t as safe as you think it is. Even big, brand-name banks and brokerages with years of success can instantly go broke.

The next financial crisis will bring many more shams like MF Global’s to light.
You need to think about asset protection. You can protect yourself by keeping plenty of cash and gold in a safe place… but not in a safety deposit box.

Government “accidentally” poisons major water source

It’s time to stop investing in this process and start investing in yourself. Because these people aren’t going to fix anything. Asset protection is the name of the game and you better start playing to win.

When your government has to spend more money on mandatory entitlement programs and interest on the debt than it collects in tax revenue, you might as well elect a banana to be the President of the United States.

Ruin by Regulation

If the administration is so concerned about the cost of financial services to consumers, why has it persisted for more than two years in forcing a global regulation (the Foreign Account Tax Compliance Act, or FATCA) on banks and other financial institutions, which has had the effect of making it almost impossible for millions of Americans living abroad to obtain offshore banking accounts without prohibitive cost? As in the proposed Department of Labor regulation, the administration has failed to do a cost-benefit analysis of the FATCA regulation, even though it will likely cost millions of jobs and hundreds of billions of dollars in needed foreign investment. This is a real failure in fiduciary — and moral — responsibility.

Three Ways to Liberate Your IRA

Here’s how it works. By law, all IRAs must have a U.S.-based “custodian” who’s responsible for safekeeping your IRA, keeping records, processing transactions, filing IRS forms, and other administrative duties. Most of the big custodians simplify things for themselves by offering a standard menu of U.S. securities and bonds. But there’s nothing to stop an IRA custodian from offering offshore investments, real estate, private mortgages, precious metals … and much more. In essence, some custodians allow you to manage your own IRA.

A self-directed IRA is just like a conventional IRA: tax-deductible contributions; no tax on earnings; distributions are taxed as ordinary income. The difference is that a specialist IRA custodian permits you to actively choose its investments.

Escaping Serfdom

There is a further benefit to living in a low-tax jurisdiction that tends to become apparent over time. Any government that depends on major offshore investments must, of necessity, be non-intrusive and non-invasive. Such a government stays out of people’s business, eschews electronic monitoring and most certainly is not given to SWAT teams crashing down doors for imagined wrongdoing.

Benjamin Franklin famously said, “Nothing can be said to be certain, except death and taxes.”