Moving Money By William Cate [http://home.earthlink.net/~beowulfinvestments/] [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]Every Government wants foreign investment. No Government wants their citizens to be
foreign investors in another country. Most Governments have stringent currency and other restrictions to ensure
wealth of their nation remains within
country's borders.
History teaches
middle-class that putting all your wealth in any one country is always a mistake. My middle-class grandparents had to flee Ireland without a dime. My wife's upper middle-class grandparents had to flee Mexico, without a dime. In
1920s, Lenin executed five million lower middle-class farmers (Kulaks). In
1940s, Hitler murdered six million middle-class Jews. Stalin murdered several million communists in
1930s as well as
middle class from
Ukraine to Poland. Today,
middle-class Chinese community is at risk in many Asian countries.
Look into your family history, you will find one or more examples of ancestors who faced execution or relocation in
past two hundred years. Read a modern history book about your country. You'll find scores of examples of groups who emigrated beyond your borders or who were executed. I can guarantee you that History will repeat itself in
next one hundred years. Some of your heirs won't be living in whatever country you may reside in today. If you fail to plan for this recurrent historical event, you will force your heirs to relive past History.
If you move twenty percent of your net assets offshore in
next two years, by
year 2040, you will have one-third more wealth offshore than in your native country. And this assumes that you will earn
same return on investment with both sets of assets. The reason is that your offshore assets won't be subject to income taxes. And, it is nearly impossible to use
Courts in any country to recover assets beyond that country's borders.
If you live in a country that allows you to move your wealth offshore via
local banking system, do it. Move twenty percent of your net worth offshore this year. Pay your taxes on
money you are moving and your Government should not have a problem with your family globalization policy.