Post From TNT By Daz Part 2 of 2
Post RV Plan
Within my agreements it will be stated that i am not to be contacted by anyone other than the guy/gal (Wealth Manager) that I decide to do business with, no salesmen, nobody (unless you want 200 people calling you). That my contact info is strictly private and his/her "EYES ONLY".
Also, that all my new personal or business account information is wiped from all front teller screens and assistant manager screens etc...and only accessible by the ONE GUY IN THE BACK. …my Guy.
And, the agreements include that NONE of my info will be distributed to anyone without signature and personal waiver lifting those restrictions on a case-by-case basis. I want to set it up the way it best suits and my lifestyle.
If that all goes well... and you're happy there...they are cooperating and friendly...and you feel good about it and, you're settled in. And you've decided to go with the person at that bank or maybe their team...its time to get down to business.
~~~
Post RV Plan
Within my agreements it will be stated that i am not to be contacted by anyone other than the guy/gal (Wealth Manager) that I decide to do business with, no salesmen, nobody (unless you want 200 people calling you). That my contact info is strictly private and his/her "EYES ONLY".
Also, that all my new personal or business account information is wiped from all front teller screens and assistant manager screens etc...and only accessible by the ONE GUY IN THE BACK. …my Guy.
And, the agreements include that NONE of my info will be distributed to anyone without signature and personal waiver lifting those restrictions on a case-by-case basis. I want to set it up the way it best suits and my lifestyle.
If that all goes well... and you're happy there...they are cooperating and friendly...and you feel good about it and, you're settled in. And you've decided to go with the person at that bank or maybe their team...its time to get down to business.
~~~
It could look like this..............
You have researched, been referred to or chosen a solid, good rated bank(s), Banker(s), financial strategists, advisors, attorneys, planners, etc.,
you have verified that there is a currency exchange desk at all the banks you are meeting with to exchange physical currency (this wont matter with reserves unless said banker will assist somehow to settle those reserves),
that they have ABSOLUTE REAL-TIME, ON-SITE VERIFICATION of the currency you are bringing in,
that all currency exchanges are instantly credited to your accounts without additional review or unnecessary delay,
that they have a wealth management division capable of serving your banking and investment needs,
you have hired an attorney to hold your hand and help make sense of the contracts and terms as needed,
you've interviewed several bank personnel at several banks, you have found the right person at the bank you’ve chosen,
you have sent your questionnaire, PA and NDA in advance, they've filled it out and returned it to you,
you have reviewed it and are satisfied enough that you can have a sit down meeting,
you have called back to set or confirm your scheduled meeting, your appointment is made,
you've contacted your attorney and he's ready to go with you on that date and he has reviewed any materials so far provided as needed,
you have all your dinar/dong counted and separated, you've decided how much Dinar you will be exchanging at this one bank or institution,
and have all your purchase receipts and passport ID in a neat little bundle, paper sack or folder..
On bank day…. .you head to the bank in your rental car with a trunk full of Dinar; you’re wearing everyday clothes that blends in with people in your local area....
this is not paparazzi moment on the Hollywood red carpet.... just slip in....do your business calmly...leave.... go somewhere else (not home), eventually the hotel as earlier described.
Depending on the news reports and social awareness at the time, your level of competence, how much physical Dinar you have...how fast you can run...etc etc.
You might consider a uniformed off-duty officer to escort you from your home to the bank and back...you can afford it.
Or...you might contract with that same uniformed officer in advance to simply be at the bank...standing in uniform beside his police car in the parking lot near the entrance 30 minutes before your appointment.
He is to remain until you call him to release him from assignment. (You release him from duty after you safely leave the bank and arrive at your nest destination ...you never have to meet the guy if you don’t want to.).
He doesn’t have to know you...you wouldn’t even have to introduce yourself or acknowledge him in any way. Just his presence in the parking lot would be a great deterrent for any potential unwanted activity.
If things get weird...he is still in your employ...you can call him or address him personally and ask for any assistance you need.
If you have tons of Dinar...please make arrangements for a courier or brinks truck to transport.
So...you go to the bank to setup new accounts to accept either an on-site CURRENCY EXCHANGE or setup accounts to accept wires from reserve dealers.... or both.
Personally I’m using all NIB accounts and, as suggested, opening up one or more of those for each currency held …keeping the IQN separate from all other currencies, including the USD, at all times.
And, also setting up a mirror account system for each currency held over one year seperating the deposits derived from that purchased currency from currency or reserves under one year from purchase.
If at anytime it doesn’t feel right...don’t do it. If you’re confused...STOP and get answers...if you need to take a private break with your attorney to discuss something...do it.... if you need to sleep on it overnight...do it.... if it gets too weird...leave.
Diversify by spreading deposits equally over a couple, several or many different banks, credit unions and investment vehicles to manage risk. I have sent these study materials already.
Negotiate third-party deposit insurance on all balances at every deposit location and account...maybe the bank will pay the premium? They should…its an insurance policy premium based of the banks credibility and stability…not yours or your money…they should pay the premium.
A Non-Interest Bearing (NIB) account(s) is what I believe at this time to be the best option.... many will disagree. Yes, you will lose some interest during the development phases of your financial plan but it is short term and temporary.
Since there is no Interest earned on a NIB, that one aspect eliminates the reporting requirement possibly providing additional time to develop better tax strategies.
It is also the recommended or suggested method to provide a slightly higher level of privacy and security and.... maybe even private banking side provided insurance coverage for those deposits or enable third party insurance product availability.
You have researched, been referred to or chosen a solid, good rated bank(s), Banker(s), financial strategists, advisors, attorneys, planners, etc.,
you have verified that there is a currency exchange desk at all the banks you are meeting with to exchange physical currency (this wont matter with reserves unless said banker will assist somehow to settle those reserves),
that they have ABSOLUTE REAL-TIME, ON-SITE VERIFICATION of the currency you are bringing in,
that all currency exchanges are instantly credited to your accounts without additional review or unnecessary delay,
that they have a wealth management division capable of serving your banking and investment needs,
you have hired an attorney to hold your hand and help make sense of the contracts and terms as needed,
you've interviewed several bank personnel at several banks, you have found the right person at the bank you’ve chosen,
you have sent your questionnaire, PA and NDA in advance, they've filled it out and returned it to you,
you have reviewed it and are satisfied enough that you can have a sit down meeting,
you have called back to set or confirm your scheduled meeting, your appointment is made,
you've contacted your attorney and he's ready to go with you on that date and he has reviewed any materials so far provided as needed,
you have all your dinar/dong counted and separated, you've decided how much Dinar you will be exchanging at this one bank or institution,
and have all your purchase receipts and passport ID in a neat little bundle, paper sack or folder..
On bank day…. .you head to the bank in your rental car with a trunk full of Dinar; you’re wearing everyday clothes that blends in with people in your local area....
this is not paparazzi moment on the Hollywood red carpet.... just slip in....do your business calmly...leave.... go somewhere else (not home), eventually the hotel as earlier described.
Depending on the news reports and social awareness at the time, your level of competence, how much physical Dinar you have...how fast you can run...etc etc.
You might consider a uniformed off-duty officer to escort you from your home to the bank and back...you can afford it.
Or...you might contract with that same uniformed officer in advance to simply be at the bank...standing in uniform beside his police car in the parking lot near the entrance 30 minutes before your appointment.
He is to remain until you call him to release him from assignment. (You release him from duty after you safely leave the bank and arrive at your nest destination ...you never have to meet the guy if you don’t want to.).
He doesn’t have to know you...you wouldn’t even have to introduce yourself or acknowledge him in any way. Just his presence in the parking lot would be a great deterrent for any potential unwanted activity.
If things get weird...he is still in your employ...you can call him or address him personally and ask for any assistance you need.
If you have tons of Dinar...please make arrangements for a courier or brinks truck to transport.
So...you go to the bank to setup new accounts to accept either an on-site CURRENCY EXCHANGE or setup accounts to accept wires from reserve dealers.... or both.
Personally I’m using all NIB accounts and, as suggested, opening up one or more of those for each currency held …keeping the IQN separate from all other currencies, including the USD, at all times.
And, also setting up a mirror account system for each currency held over one year seperating the deposits derived from that purchased currency from currency or reserves under one year from purchase.
If at anytime it doesn’t feel right...don’t do it. If you’re confused...STOP and get answers...if you need to take a private break with your attorney to discuss something...do it.... if you need to sleep on it overnight...do it.... if it gets too weird...leave.
Diversify by spreading deposits equally over a couple, several or many different banks, credit unions and investment vehicles to manage risk. I have sent these study materials already.
Negotiate third-party deposit insurance on all balances at every deposit location and account...maybe the bank will pay the premium? They should…its an insurance policy premium based of the banks credibility and stability…not yours or your money…they should pay the premium.
A Non-Interest Bearing (NIB) account(s) is what I believe at this time to be the best option.... many will disagree. Yes, you will lose some interest during the development phases of your financial plan but it is short term and temporary.
Since there is no Interest earned on a NIB, that one aspect eliminates the reporting requirement possibly providing additional time to develop better tax strategies.
It is also the recommended or suggested method to provide a slightly higher level of privacy and security and.... maybe even private banking side provided insurance coverage for those deposits or enable third party insurance product availability.
Setup two new bank accounts at each bank for deposits (4 if you hold currency over 1 year old), these may or may not be into a trust or other financial vehicle (these are deposit accounts only)....
1st account is a wire account that will receive the wire deposit from the broker/dealer or even used to wire funds from bank to bank if needed..
As soon as the wire is received.... the funds are "Swept" from that account to the second "Holding" account...then the first account is closed immediately to prevent charge backs, hacking or other frauds...this adds an additional layer of privacy and security.
Initially these accounts may need to be in your name if you haven’t already setup up other privacy through entity structures. Eventually all holding accounts will likely be in the trust's or LLC’s name (not yours) with you or an appointee as the trustee/manager. The address of the trust will be your mailbox; the phone contact is your business disposable phone.
a new discovery as of yesterday (9-28) ....AGENCY TRUST ACCOUNTS...it looks important to me. It is probably a temporary measure and more suitable to some than others.
It takes 15 minutes to set it up and its free. Its not under the depositors SS# but the banks FEIN#, under custodial fiduciary care, we retain full control, funds are private and safe from bank comingling and there are reports it may defer tax assesment..check with a pro...this is new information
An introduction study of exchange strategy using temporary Agency Trust Accounts
http://ift.tt/1IVPwse
or .
http://ift.tt/1IVPwse
Its a vehicle found on the private side of wealth management in the trust department. Its a "shelf trust" available to customers to accept incoming capital assets, its like a trust account. its in the bank, funds are and can be distributed...even to your other accounts. You own and control the money...you direct your manager custodian as to what to do with those funds...as i currently understand it
“Mask the Balance” of Accounts
If there is a large amount of money sitting in an account, tell your private banker to “Mask the Balance” of that account. This limits a teller who might have to pull up your balance from seeing the whole amount in your account and only reveals the amount you specify.
Add a P.O.D. (pay on death) clause to each account and signature card. You will need to name/designate a person that can access that money if you’re dead without the state probate interference.
Always write the words "All Rights Reserved" ABOVE your signature on everything you sign, no matter what it is.... for the rest of your life.
Set up a secret verbal password that only you and your private banker know. You will use this password to do remote banking by phone when needed...like lifting a spending limit on debit cards or secure transfers of funds for purchases or investments.
Setup accounts with limits for your protection. Example: $5000 debit card, $25000 credit, etc. this too is a safety measure and can be modified at will.
I don’t think its a good idea to leave the bank after exchange with your maximum $10,000 cash withdrawal.... or any cash for that matter.... you’ve already exchanged tens of thousands of dollars within the last week and its already at your disposal.... leave the cash at the bank for now.
The goal right now is to get it in the bank safely and wisely...and get you back home safe.... we’ll get it out later.
1st account is a wire account that will receive the wire deposit from the broker/dealer or even used to wire funds from bank to bank if needed..
As soon as the wire is received.... the funds are "Swept" from that account to the second "Holding" account...then the first account is closed immediately to prevent charge backs, hacking or other frauds...this adds an additional layer of privacy and security.
Initially these accounts may need to be in your name if you haven’t already setup up other privacy through entity structures. Eventually all holding accounts will likely be in the trust's or LLC’s name (not yours) with you or an appointee as the trustee/manager. The address of the trust will be your mailbox; the phone contact is your business disposable phone.
a new discovery as of yesterday (9-28) ....AGENCY TRUST ACCOUNTS...it looks important to me. It is probably a temporary measure and more suitable to some than others.
It takes 15 minutes to set it up and its free. Its not under the depositors SS# but the banks FEIN#, under custodial fiduciary care, we retain full control, funds are private and safe from bank comingling and there are reports it may defer tax assesment..check with a pro...this is new information
An introduction study of exchange strategy using temporary Agency Trust Accounts
http://ift.tt/1IVPwse
or .
http://ift.tt/1IVPwse
Its a vehicle found on the private side of wealth management in the trust department. Its a "shelf trust" available to customers to accept incoming capital assets, its like a trust account. its in the bank, funds are and can be distributed...even to your other accounts. You own and control the money...you direct your manager custodian as to what to do with those funds...as i currently understand it
“Mask the Balance” of Accounts
If there is a large amount of money sitting in an account, tell your private banker to “Mask the Balance” of that account. This limits a teller who might have to pull up your balance from seeing the whole amount in your account and only reveals the amount you specify.
Add a P.O.D. (pay on death) clause to each account and signature card. You will need to name/designate a person that can access that money if you’re dead without the state probate interference.
Always write the words "All Rights Reserved" ABOVE your signature on everything you sign, no matter what it is.... for the rest of your life.
Set up a secret verbal password that only you and your private banker know. You will use this password to do remote banking by phone when needed...like lifting a spending limit on debit cards or secure transfers of funds for purchases or investments.
Setup accounts with limits for your protection. Example: $5000 debit card, $25000 credit, etc. this too is a safety measure and can be modified at will.
I don’t think its a good idea to leave the bank after exchange with your maximum $10,000 cash withdrawal.... or any cash for that matter.... you’ve already exchanged tens of thousands of dollars within the last week and its already at your disposal.... leave the cash at the bank for now.
The goal right now is to get it in the bank safely and wisely...and get you back home safe.... we’ll get it out later.
via Dinar Recaps - Our Blog http://ift.tt/1LwGstu
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