TransferWise introducing fees for EUR balances

[Martin Everson]

kkein said:
Hi Martin, how would you recommend to stash money these days, given that getting them out in cash is also becoming increasingly difficult, especially for large sums?
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Very good question but please ask on new thread and tag me in so we don't mess up this thread.

Btw I made the -3% interest rate call back in April 2019 (see below) so its not COVID that is influencing this call as it was made way before that. It's a longer term view of interest rates in US, debt etc.

https://www.offshorecorptalk.com/th...-a-car-with-20k-euro-in-cash.25550/post-94049

Last edited: Oct 30, 2020
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[VESTANON]

Martin Everson said:
Time to update my prediction I made in Sept 2019 which came true again.



I think USD rates are going to -3% if Trump wins election ja334¤¤#. How about that for negative interest rates smi(&%. Will make ECB negative rates that TW is passing on seem like nothing.
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@Martin Everson the long awaited update...Niiiiicccceeeeee thu&¤# cig-:,

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[polonieth]

Who would have ever though negative interest rates would be a thing if you'd asked them 10 years ago? Max Keiser was the first to talk about them that I saw with ZIRP and NIRP.

 

[Martin Everson]

polonieth said:
Max Keiser was the first to talk about them that I saw with ZIRP and NIRP.
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I followed Max for years on Keiser report. He and his wife Stacy have called it right time and time again.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[kkein]

polonieth said:
Who would have ever though negative interest rates would be a thing if you'd asked them 10 years ago? Max Keiser was the first to talk about them that I saw with ZIRP and NIRP.
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Martin Everson said:
I followed Max for years on Keiser report. He and his wife Stacy have called it right time and time again.
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Thanks guys for teaching about this awesome channel to us.. I didn't know about it and it's very illuminating, and essentially confirming, with facts and solid analyses, feelings that i have had for two decades and that OFC mainstream media consistently denied.

 

[polonieth]

Martin Everson said:
I followed Max for years on Keiser report. He and his wife Stacy have called it right time and time again.
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Yeah they have called it right many times. The only bad things on his track record are some of the garbage he's shilled like maxcoin and startcoin.

 

[rey skywalker]

trasferwise is a scam , they c keep on randomly close accounts and keep funds with compliance then they invest them in highyeld bonds and while you are suffering they make money , this is not a secret any more

 

[rowena]

rey skywalker said:
trasferwise is a scam , they c keep on randomly close accounts and keep funds with compliance then they invest them in highyeld bonds and while you are suffering they make money , this is not a secret any more
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They also use high-yield bond profits to construct a mega weapon to conquer the world.

 

[kkein]

rey skywalker said:
trasferwise is a scam , they c keep on randomly close accounts and keep funds with compliance then they invest them in highyeld bonds and while you are suffering they make money , this is not a secret any more
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This is possible though. If you have a business that is illegal or where you wouldn't stand a chance in court, then they probably try to do that. Otherwise i doubt they dare keeping your money as they risk a sentence that is the end for them.

 

[express]

For my big amounts currency change I think I'll go to transfermate, they apply a 15€ fee but not the 0.5% that TW use. This makes change luch cheaper over 20k€

 

[kkein]

express said:
For my big amounts currency change I think I'll go to transfermate, they apply a 15€ fee but not the 0.5% that TW use. This makes change luch cheaper over 20k€
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Looks like their open job positions are in Ireland and Bulgaria (50/50)