How do you invest?

[fx59]

Hello,

I've been reading a lot here and still learning.
I'm now convinced that I can find a setup for my business and lower my taxes.

But I have one question about all the cash you save from the taxman, saely hidden in some bank account somewhere, what do you do with it?
Do you invest? real estate?
How do you plan to use it without doing some kind of money laundering?

 

[Martin Everson]

I live in a tax free country and have done for decades after selling my‌ company so nothing hidden from any taxman and every penny earned legally.

I invested in‍ a 30 year average duration bond portfolio 15 years ago. You can't do that now⁠ as average yields for euro denominated AAA bonds are under 1.2%...lol. Spent rest of money⁤ on Sunseeker Portofino 40 and and put rest in dozens of banks and EMI's more⁣ as a hobby than any real diversification.

I don't own property and still rent two⁢ small apartment in two different countries.

 

[ultrarekt]

I am also︀ looking to move to a tax free country. Would you mind sharing which country (either︁ here or by PM) - obviously no details or city or anything. And perhaps let︂ us know a little bit about how you like the lifestyle there? The cost of︃ living? Fun things to do as hobbies? Crime rate? Weather?

This is like my dream︄ right there!! haha

 

[Martin Everson]

Lets just say that⁣ where I live its far too expensive for me to buy compared to where I⁢ grew up so I rent a studio. Crime is near zero but weather is good.︀ Cost of living is affordable as long as you don't eat out. For hobby I︁ actually do art and 1-2 times a year I have a popup art gallery to︂ sell my art. I don't know about dream but I am very humble and understand︃ the value of money in order not to waste it.

 

[ultrarekt]

Extremely well said, especially the last line. Best of luck︀ to you!
PS: Carribean?

 

[Martin Everson]

Can't say.

 

[David97255]

@Martin Everson

A country with no crime.... Boring

 

[troubled soul]

One is Bahamas
and Other one ???

Which country ?‍
Very curious.
If It is possible to share ?

 

[Martin Everson]

That post was 3 years ago‌ in 2018. The apartment was in Europe but has long since gone since brexit 😉.