Where should one keep their wealth to avoid future potential sanctions?

[polonieth]

The peasants are too busy︈ sitting at home waving their blue and yellow flags, while battling their third bout of︉ covid (they are still thankful for the vaccines). All while their cost of living goes︊ through the roof and they won't be able to heat their homes this winter

Maybe one day, they'll look around and wonder what happened.

 

[diatessaron]

doh948""doh948""doh948""

 

[johndunham]

Don't you think it's funny?
I find it amazing how‌ 80% of the people in the world have no clue how to come across professionally.‍ And how the other 20% just looks at them in amazement like: "Who the f**k⁠ do you think you're fooling, Ahmed?"

 

[Wellington]

Keep seeing UAE mentioned.

• they now provide financial information to the DOJ etc.
  
• UAE on‌ request (without extradition process) removes individuals directly into the FBI, DEA, etc hands at the‍ airport.
  

All the cryptofraudbros got that coming

 

[diatessaron]

I have no words but the following image pretty⁤ much describes the core of my thoughts. Ignore the BTC icon at the end.

 

[troubled soul]

Just find one hassle free , some sort of private island type of investment in‌ maldives

https://soneva.com/soneva-villa-ownership/
YOu can live and rent out vill as well....

 

[polonieth]

Look at what as just happened to Graham Phillips. UK Citizen, been reporting in Donbass‌ since 2014, just been sanctioned by the UK and all his assets seized!

 

[lory]

It's a little funny thread isn't it. Can we get back to topic please?

 

[Martin Everson]

Put that in a new thread. It's an interesting story actually. and⁠ lets keep to topic here.

Just an update since selling all my eurozone treasury bonds⁤ I mentioned early. I actually bought several apartment blocks (just over 50 apartments in total)⁣ and a small office building in Caribbean via my trust. So I am totally out⁢ of cash. I actually got a good distressed sale due to higher loan rates crushing︀ the previous owner and sending his yield negative. When they say cash is king I︁ totally get it. So in end it was income yielding property. It's yielding around 6.5%︂ which is ok for me. Plans are to put all income back into renovation and︃ expansion.

P.S For privacy reasons I have been deliberately vague on exact location 😉.

 

[JohnnyDoe]

Martin Everson said:
Put that in a new thread. It's an interesting story actually. and lets keep to topic here.

Just an update since selling all my eurozone treasury bonds I mentioned early. I actually bought several apartment blocks (just over 50 apartments in total) and a small office building in Caribbean via my trust. So I am totally out of cash. I actually got a good distressed sale due to higher loan rates crushing the previous owner and sending his yield negative. When they say cash is king I totally get it. So in end it was income yielding property. It's yielding around 6.5% which is ok for me. Plans are to put all income back into renovation and expansion.
Click to expand...

Do you know about that prime office building in Nassau next to FTX? It yields 8%+ and it's (almost like) NNN.
I like NNN commercial leases.

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[void]

unless you got a‍ massive discount on the purchase price itself, such a yield seems ridiculously low to me,⁠ why are you ok with this?

 

[troubled soul]

Ok,,but where you buy apartment block ?? In carribbean or Europe????‍ Just hint not exact location..

And what is your review about that Maldives resort villa...⁠ sovena Jani villa..
.is it good investment?????

 

[JohnnyDoe]

void said:
unless you got a massive discount on the purchase price itself, such a yield seems ridiculously low to me, why are you ok with this?
Click to expand...

If it's net, it's a good rate. Plus he can always make a profit by reselling. And use the asset to borrow more money

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[Martin Everson]

I don't live near Nassau.

I am seeking total return on investment not yield⁣ alone. i.e capital gains + yield. All yield is planned to be pumped back into⁢ the development and expansion of housing properties. Plus rent has not been raised in over︀ a decade so yield can increase in line with market but is of no interest︁ to me right now.

 

[JohnnyDoe]

Martin Everson said:
I don't live near Nassau.
Click to expand...

No need to live near the properties you buy unless you like dyi renovation smi(&%
It's a good opportunity and the seller is motivated, unfortunately I can't buy it.

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[Martin Everson]

Exactly. I am getting a loan at some point against it to install solar panels for‍ communal areas lighting etc. Plus solar boiler etc etc. Just bring things up to date⁠ in that respect.

Send me some info. If I can get a⁢ bank loan and my other properties income covers the loan why not 😛.

 

[JohnnyDoe]

Martin Everson said:
Send me some info. If I can get a bank loan and my other properties income covers the loan why not 😛.
Click to expand...

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[kkein]

I'm interested in one apartment lol
Btw what's property taxes in the caribbeans like?

 

[Martin Everson]

Lol..depends where you buy. It ranges from zero to quite high‍ for expensive properties. Some islands even cap the tax however.