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  1. Golden Fleece

    Never cash out before moving

    It depends on the tax laws in Spain or Italy, so you must consult a professional tax advisor familiar with the tax laws of those countries. It may also depend on the tax laws of the Balkan country. I can tell you that, by analogy, that would not work by moving to Puerto Rico (which is a tax...
  2. Golden Fleece

    UAE considering movement restrictions on unvaccinated residents - any insights?

    Well, if it actually does implement this policy then it proves the exact opposite, i.e., that it does not know what it is doing -- and, as a result, you should not want to live there. The scientific literature proves that you can keep everyone from dying of COVID-19 with proper vitamin D...
  3. Golden Fleece

    Question Where do you suggest to keep as a safe places (Banks, EMI and more) your legit earned money?

    My original point was 100% correct regarding the fund not being representative of Latin American economies, because the top ten investments in the MSCI Index of Latin America consist solely of Brazilian and Mexican stocks...
  4. Golden Fleece

    Question Is there anything good that can be done in Italy or is best avoided?

    Someone else who did not bother to click on the link. Yes, the young locals do not want them because they moved to the big cities for work. But the homes are great for AirBNB for tourists or vacation homes for foreigners. Yes, the one ones selling for one Euro need a huge amount of work. So...
  5. Golden Fleece

    Question Where do you suggest to keep as a safe places (Banks, EMI and more) your legit earned money?

    I always watch what the very wealthy say and do, because they have access to the best information and often have access to inside information. I watched how the super-wealthy elite in Venezuela fled almost immediately after the election of Hugo Chavez, then the rich (often buying condos in...
  6. Golden Fleece

    Question Where do you suggest to keep as a safe places (Banks, EMI and more) your legit earned money?

    You are looking at all of Latin America, which includes places such as Venezuela, Cuba, and Haiti. I am looking at one specific country that is the cream of the crop (there are actually several). There are a dozen countries that use the USD as their currency and another dozen where it is used...
  7. Golden Fleece

    Question Where do you suggest to keep as a safe places (Banks, EMI and more) your legit earned money?

    Uh . . . because Latin America and much of SEA actually operates on a capitalist system, just like the U.S. did before 2008. On a related note, in regard to correlation there are countries in SEA that did not experience either the 2000 or the 2008 financial crises, because their economies are...
  8. Golden Fleece

    Question Is there anything good that can be done in Italy or is best avoided?

    Why post a thread if you do not bother checking the information? There is an entire podcast about exactly how to buy these properties, including how to build an AirBNB income stream from them.
  9. Golden Fleece

    Question Is there anything good that can be done in Italy or is best avoided?

    In Italy, you can buy a home for one Euro (sort of). https://www.offshorecorptalk.com/threads/id2020-org-goverment-total-control-plan.29818/page-4#post-172361
  10. Golden Fleece

    Ecommerce business cash cow structure and asset protection - US Citizen owner

    While the structures that you discuss are somewhat complex, the liability issue is very simple. In fact, if you have three lawyers it sounds as if you have two lawyers too many. I am not being flippant. Provided that you have not yet been sued and that you do not expect to get sued soon for...
  11. Golden Fleece

    Question Where do you suggest to keep as a safe places (Banks, EMI and more) your legit earned money?

    It's still a speculation. According to the National Endowment for Financial Education, about 70 percent of people who win a lottery or receive a large windfall go bankrupt within a few years. People who gain windfalls do not know how to be good stewards of their money, because they have not...
  12. Golden Fleece

    Question Where do you suggest to keep as a safe places (Banks, EMI and more) your legit earned money?

    Sure, there are all types of scams. At a minimum, you need boots-on-the ground, proper due diligence, title of the property in your name, aligned interests, local lawyers, a country with a rule of law, multi-generational farm experience, multiple sources of water, proper natural pest control, a...
  13. Golden Fleece

    Question Where do you suggest to keep as a safe places (Banks, EMI and more) your legit earned money?

    If I told you, you would not believe me. Bear in mind that the yields, cited in the graph below, are for U.S. farmland. If you own a farm in Latin America, where the price of farmland and the cost of labor is half as much or a third as much, and you can then transport your harvest to countries...
  14. Golden Fleece

    Question Where do you suggest to keep as a safe places (Banks, EMI and more) your legit earned money?

    It depends on your belief system. If you believe, as maxmmm does, that the financial system is fundamentally sound, then the Permanent Portfolio makes sense, with an equal weight of stocks, bonds, gold, and cash. The gold (or silver) component should still help to balance out your portfolio if...
  15. Golden Fleece

    Question Where do you suggest to keep as a safe places (Banks, EMI and more) your legit earned money?

    That chart is very telling. It shows that these family offices place only 25% of their wealth in developed market stocks. This is a far cry from what most retail investors do, where they often place 80% to 100% of their wealth in equities. Like I said previously, if that is what you are doing...
  16. Golden Fleece

    Question Where do you suggest to keep as a safe places (Banks, EMI and more) your legit earned money?

    I am not exactly sure what you mean by that. IMO, either you must invest in things that everyone has needed throughout human history (e.g., food and shelter) or you need to be very nimble and have an exit plan in place if you invest in equities. Personally, I prefer agricultural investments...
  17. Golden Fleece

    Question Where do you suggest to keep as a safe places (Banks, EMI and more) your legit earned money?

    I assume that you mean 80% of your speculative funds. For example, if you devote 10% of your net worth to speculative ideas and you want to devote 80% of those speculative funds (or 8% of your net worth) to cryptocurrencies, that is okay. If you mean 80% of your net worth, that is insane...
  18. Golden Fleece

    Question Where do you suggest to keep as a safe places (Banks, EMI and more) your legit earned money?

    Your point is well-taken. I would only add that zero interest rates (ZIRP), negative interest rates (NIRP), and the level of government intervention in asset buying that we have seen in the markets over the past thirteen years are quite unprecedented in all of human history, much less during...
  19. Golden Fleece

    Panama Resident + Panama Company = how to set up transferwise + shopify payments?

    Both countries have very easy residency programs. Paraguay is quite popular among Germans. If you ever stay in Asuncion, be sure to stay at a German-run hotel. They are operated much more efficiently than the Spanish hotels. I like the Hotel Palmas del Sol. It also has a sister hotel in the...
  20. Golden Fleece

    Non official business money

    The administrators already deleted his first thread, which actually had the word "laundering" in the title. I am not sure why the administrators have not yet banned him. Why allow such people to draw attention to the forum from the tax authorities?
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