JS 76: Asset Protection & Internationalization with Bobby Casey of Global Wealth Protection

On this episode of Jason Hartman’s Jet Setter Show, he invites Bobby Casey from Global Wealth Protection to talk about alternative investments, asset protection and internationalization. In the interview, Casey brings up both business and personal issues related to your presence in a particular jurisdiction, how trust companies can be used and secured, and how you can really manipulate and control your own assets to get the most out of them 

Find full transcripts and more at http://jetsettershow.com/category/podcast/  

 

Key Takeaways

 

02.33 – Years ago, investing a lot into the stock market seemed more reliable, now it’s more a case of putting all your eggs in one basket. There are some who are firmer believers in investing in real estate and hard assets as well.

04.30 – Back in the 1970s, Doug Casey made a name for himself in his promotion of internationalization, to the point of having multiple passports, bank accounts and investments in multiple jurisdictions.

06.30 – With the US becoming steadily more militarized, it’s becoming more important to be sure of your own investments and situation within different jurisdictions.

08.00 – Internationalization also works as a sort of personal backup – various real estate investments can be unsuccessful and having a back-up in another jurisdiction can be a sensible business strategy. Similarly, at the very least, a second passport gives you another valid travel document.

09.40 – Paraguay remains one of the most popular destinations for US citizens looking to obtain a second passport. That said, with this sort of transaction, there are always fraud risks, so listeners should take particular care.

11.40 – When considering your options for alternative investments and managing your assets, Bobby Casey personally recommends asset-class diversification as well as geo-political diversification.

11.55 – Be wary of likely “investments” where you don’t receive any income – this is not an investment; this is a speculation. If you are going to actively invest money into speculations, work on a figure closer to 5% than to 50%.

13.25 – Trust companies can be used for a number of different purposes, because it’s basically the act of setting up a structure to manage your wealth. The most common usage is to assist beneficiaries, usually the trust-holder’s children, but they can also help with litigation risks because often the money is no longer seen to be in your ownership.

15.40 – Again, risks can be associated with the management of trusts if a case does come to court, and there’s a chance of being accused of contempt of court. As a settler, never name yourself as protector of the trust.

17.35 – The number one most important aspect is only doing business with people you trust.

18.40 – One of the positives of having your assets in farmland or property is that these are not easy to liquidate, and discrepancies will be noticed.

20.00 – The amount you get back and the time you wait until you get the money back depends on the projects you work on and invest in – ie. timber farms are a great way to compound your wealth, but it can be a lengthy process. With many timber farms, you’re splitting the profit over time with the management team working on the site.

22.50 – Even if you have the usual management, political or business risks, with investments and assets like timber farms or real estate, you do still have your stake in the property.

24.00 – Mango farms or other fruit farms can also be a fairly reliable investment due to the longevity of the tree’s production itself, so your investment is long-term.

25.20 – More information can be found at www.globalwealthprotection.com or by emailing Bobby Casey directly at [email protected]