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What to do with 100k€ physical cash? No valid sources.

thelastone77

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Jan 15, 2021
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Hi there, it´s such an interesting forum!

hypothetically,

100k€ in physical cash.
can´t prove where its from.
it´s a one time thing, no more money coming.

would like to invest, to generate ongoing returns.
spending is not an option.
relocating from Germany is not an option.


something like a small Airbnb somewhere?

thanks and sorry if it is just a lunatic question!
 
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Hi there, it´s such an interesting forum!

hypothetically,

100k€ in physical cash.
can´t prove where its from.
it´s a one time thing, no more money coming.

would like to invest, to generate ongoing returns.
spending is not an option.
relocating from Germany is not an option.


something like a small Airbnb somewhere?

thanks and sorry if it is just a lunatic question!
1- sell your cash for crypto via p2p.
2- look for a crypto friendly EMI/Bank that supports swift/SEPA and it would be great if they offer trading as well (i.e. swissquote) but they will require SOF as part of their KYC/AML procedures so you need to satisfy these requirements or find someone who can help you with that.
3- OR if you are able to travel, go to Dubai by getting freelance visa, Get your EID, rent an airbnb, open a personal bank account, open an account with IBKR, sell your crypto in any of dubai's OTC desks, transfer the money periodically every couple of days to your personal bank account and transfer them from your personal bank account to IBKR then trade.
Not the most optimal solution, but it works.

Other option is to finds someone to help you, "hypothetically" speaking, there are some people who can help you with this, I believe @JohnnyDoe can help you.

I can help you too but with a completely different approach, PM me if you're interested.
 
Use the funds to supplement (not replace) your ordinary living costs. Pay for groceries, gas, eating out, and other such expenses partly with this money, slowly and over time. It might take a few years, but in the end you will have 100,000 EUR you didn't spend and can prove origin of. All without raising any questions, as long as you're smart about it. You can try depositing the money across multiple banks over a period of months/years.
 
Buy a property with credit. A property that needs refurbishing. Pay the contractors and hardware in cash. Your property value is now worth 150.000 or more in value after refurbishing (Carefully get estimate before and after before spending of course). Sell (if you want), congratulations on your newly generated value added.
 
Buy a used car for cash, sell it - deposit money in bank (based on the contract you have sold the car most banks will accept that).

Next time you're buying a car you use some half of the money from bank account and half in cash.
Sell it - deposit all in bank account.

You do this couple times and there you go.

Don't hurry and take your time.
I would say minimum two years.

----

Buy a property with credit. A property that needs refurbishing. Pay the contractors and hardware in cash. Your property value is now worth 150.000 or more in value after refurbishing (Carefully get estimate before and after before spending of course). Sell (if you want), congratulations on your newly generated value added.

This also works.
Buy a worn down property (using bank loan for eg.) and then use the cash to repair it and increase it's value.
You can buy many materials in cash and also pay many contractors in cash as well.
Sell it, pay off bank loan. There you go.


Both of these require time and energy and has some risks to it (buying a bad car or property).
It also depends on where you live and local laws are.
 
Hi there, it´s such an interesting forum!

hypothetically,

100k€ in physical cash.
can´t prove where its from.
it´s a one time thing, no more money coming.

would like to invest, to generate ongoing returns.
spending is not an option.
relocating from Germany is not an option.


something like a small Airbnb somewhere?

thanks and sorry if it is just a lunatic question!
Its easy.cash to crypto.
 
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Use the funds to supplement (not replace) your ordinary living costs. Pay for groceries, gas, eating out, and other such expenses partly with this money, slowly and over time. It might take a few years, but in the end you will have 100,000 EUR you didn't spend and can prove origin of. All without raising any questions, as long as you're smart about it. You can try depositing the money across multiple banks over a period of months/years.

This is the best method and the safest.

The buying a house and fixing it is an old but a good method too, but you have a lot of unknowns such as the real estate value could be falling as you are trying to sell the house at the end. Plus, you have entry and exit costs such as legal fees and possibly real estate agent commissions that you have to account for.
 
This is the best method and the safest.

It's a good method but it has two issues:
- It can take a very long time to do it (100k living expenses could be 2-4 years)
- Somebody could ask a logical question: if you haven't spent a cent of what you have earned in the past 2-4 years - what money did you use to pay your living expenses. If you have a spouse - you could say we used his/her salary to live and we saved this one (that could work) but if you live alone this can (potentially) be an issue.



The buying a house and fixing it is an old but a good method too, but you have a lot of unknowns such as the real estate value could be falling as you are trying to sell the house at the end. Plus, you have entry and exit costs such as legal fees and possibly real estate agent commissions that you have to account for.

Yes, it's a complex thing so many things need to be factored in.
Also in many countries you would need to pay the capital gains tax as well.
 
It's a good method but it has two issues:
- It can take a very long time to do it (100k living expenses could be 2-4 years)

It largely depends on your lifestyle.

Maybe make a trip to a large grocery store and buy all of the household consumables (that will keep for years) up front to offset the inflation.

Laundry soap, canned food, batteries, pool conditioner, shampoo, carpet cleaner, etc... stuff you normally use. You get the idea. I'm sure if you are creative you can sink 10K right out of the gate and be set up for 5 years.

- Somebody could ask a logical question: if you haven't spent a cent of what you have earned in the past 2-4 years - what money did you use to pay your living expenses. If you have a spouse - you could say we used his/her salary to live and we saved this one (that could work) but if you live alone this can (potentially) be an issue.

I was referring to the comment about only spending the cash half of the time. You are still spending part of your legal wage. To an auditor you just decided to become frugal and save for your future. There's nothing wrong with that. :)
 
Maybe make a trip to a large grocery store and buy all of the household consumables (that will keep for years) up front to offset the inflation.

Laundry soap, canned food, batteries, pool conditioner, shampoo, carpet cleaner, etc... stuff you normally use. You get the idea. I'm sure if you are creative you can sink 10K right out of the gate and be set up for 5 years.
That's actually a very good idea.
 
- Somebody could ask a logical question: if you haven't spent a cent of what you have earned in the past 2-4 years - what money did you use to pay your living expenses. If you have a spouse - you could say we used his/her salary to live and we saved this one (that could work) but if you live alone this can (potentially) be an issue.
In the example that was being referred to, I specifically mention to supplement and not replace normal income.
 
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