Home page

Where do Rich People Store Their Money to Keep it Safe (Not What You Think)

Frames Where do Rich People Store Their Money to Keep it Safe (Not What You Think)

Description Where do Rich People Store Their Money to Keep it Safe (Not What You Think)

Comments Where do Rich People Store Their Money to Keep it Safe (Not What You Think)

I disagree that money in India is NOT safe If the money is legally earned and saved in bank accounts in India it has very stringent law to safeguard money One bank can not go bankrupt that easily in India India is open democracy Tax evader from India move the money to offshore You are so prejudiced and annoying Please correct, India is not China where Govt can confiscate your money Comment from : Biswa Singh

The Canadian government also froze citizens' bank accounts for people who donated to the truckers' convoy! They really crossed the line with that Comment from : Freedom Playa

The a right after 2008 they passed a law that when the banks fail we bail them out It’s called a bail in They can take your money out of your bank if you have more than 250,000 Sorry because f the situation we are in right now Don’t listen to this guy Maybe in normal times Except the real estate option he said and as long as it isn’t in the US Comment from : True Crime

Ledger Comment from : me

Wise up The Financial services industry and consortium groups of NWO, Federal Reserve Bank's CONTROL EVERYTHING purchased or used by YOU, ME, THEM Janet Yellen US treasury report, US's Debt Crisis is Imment and FED determining the Sanctions of other Nation's, Whoops WHO??? FED Federal Reserve Bank's paper DEBT NOTES, IOUS , Exchanged for TAXES on everything purchased or used A powerful weapon Comment from : The Cat

Don't forget gold and silver! Comment from : IFC Investor

What about the mattress? :) Comment from : Nomadic Dmitry

thanks Comment from : Lambert Lorette

Canada PM has frozen truckers accounts UK and EU has blocked , stole Russian government or private citizens accounts, so west has become like CHINA Comment from : Steve Darrow

The excellent video explains how to protect yourself against bank failures Now it turns out to be very timely! Comment from : Jax Reuben

Chinese government does NOT take away people's money Pls stop smearing China! Comment from : Martin Loo

Great video That's exactly how things are THANK YOU! Comment from : Yuri V

Do hedge funds use demat account? Comment from : BigFinGann

Perfect explanation Really wanted to know this based on SVB collapse Comment from : SW B

So many assumptions that everything is and will remain hunky dory as long as status quo remains, whilst forgetting that the whole system is broken Comment from : Byron Watts

when you say bonds, does that include GICs? Comment from : give peace a chance

Bitcoin Comment from : ThomasConover

Ooh great video Thanks Comment from : Biron Clark

You don't store money - you let it work Comment from : de_anubis

Beyond the segregation of assets, brokerages also have higher deposit insurance than banks do Eg, IBKR LLC claims they have $500k of SIPC coverage plus an additional $30M of coverage per account through Lloyds Much more than the $250k FDIC coverage in US bank accounts Comment from : Arnold Vosloo

I don't think there is any one truly risk less wealth preservation method Just different forms of protection I do agree offshore US bonds are least likely to rug but you could be sanctioned(or your nation) you are still exposed to above 5 inflation And with with blockchains, you could be hacked or lose your keys Land can also go to zero (think ukraine, Hiroshima japan, post war Germany) And gold can be stolen or confiscated The one "assest" intresically tied to you that can't be stolen, regulated, hacked, or inflated away is your own knowledge Too bad you only have one Comment from : BlackLabelExpat

Just make sure you don’t bank with Peter Schiff Comment from : PC H

Trying to spread on numerous accounts in the UK for eg 2 or 3 different banks can actually be under the umbrella of a 1 further bank , if this turns out to be the case your £75-100k safety net guarantee will only be paid out once not 2 or 3 times Comment from : Fiddy Sat

Not sure about brokerage accounts Look at what happened at MF GLOBAL Comment from : Luke Mason

would swissquote be a safe brokerage, Michael? Comment from : Staker

Would love to see a video on best places to setup brokerage account (for active traders, possibly LLC?) Is it possible to do this while living in a higher tax country?brbrlove your videos Comment from : adam sediki

US treasuries are one of the safest cash equivalent asset that a lot of wealthy people around the world store their wealth in I mean it's like the FDIC account with a better interest rate and a better tax scheme for Americans excluding municipal bonds with less risk than munisbrbrYou are correct though if the US Treasury ever defaulted storing you money in just about any other asset will be pretty worthless too Comment from : Jeremy Barlow

Thanks for this video That’s really interesting subject, about risks in different ways of storing money brbrReally interesting to hear your experience and experience of your clients about it Comment from : Alex Zolotov

Interesting to hear this I figured out this thing for myself years ago But my motivation was different I wasn't as concerned about insolvency of bank as I concerned that banks are more regulated, and thus can be more aggressive in their derisking policies than brokers Since I'm russian citizen, I thought broker is less likely to close my account (because there is less regulatory pressure on them) Comment from : Libertarian Spirit

I thought you were going to say life insurance or becoming their own bank Comment from : Jake Hart

So, would it also be safer to store cash in a brokerage account rather than a bank? Comment from : Michael Thomas

Interesting and helpful information - thank you Comment from : Chris Seeley

Thanks Michael Yes people think they should open many FDIC insured cash accounts But the simplest way to hold a large cash position is through short term treasuriesbrbrWith regards to where and how, the US is climbing up the ladder, given their non reciprocation in CRS Decent wealth amount in Wyoming trusts now Coupled with IBKR accountsbrbrEnough name dropping Comment from : Patience is Alpha

FTX? Jk Comment from : chocmilkisgood

Related Where do Rich People Store Their Money to Keep it Safe (Not What You Think) videos

Easy and safe way to send money to Mexico using crypto currency? Is Dolar app safe? Not Safe!!! РѕС‚ : Retired Life in Mexico NO BULL Download Full Episodes | The Most Watched videos of all time

15 Things POOR People Think RICH People DO (That they actually don’t) РѕС‚ : Alux.com Download Full Episodes | The Most Watched videos of all time

I TRIED To Beg Free Money From Rich People On Websites Where Rich People Giving Away Money For Free РѕС‚ : Hans David Download Full Episodes | The Most Watched videos of all time

8 Things Rich People Don’t Spend Their Money On РѕС‚ : BRIGHT SIDE Download Full Episodes | The Most Watched videos of all time

What Is Print - Rich Environment ? Benefits Of Print- Rich Environment | Creating Print - Rich Env. РѕС‚ : Dpse Learners Download Full Episodes | The Most Watched videos of all time

Personal finance: How to save, spend, and think rationally about money | Big Think РѕС‚ : Big Think Download Full Episodes | The Most Watched videos of all time

How to keep your money safe | FSCS’s Emma Barrow | Making Money Ep 10 РѕС‚ : Making Money Podcast Download Full Episodes | The Most Watched videos of all time

How to keep your money safe - Educational song to teach children about money РѕС‚ : Loud and Clear Accounting Download Full Episodes | The Most Watched videos of all time

Villagers React To Scale Of Universe ! Tribal People React To Universe Is Way Bigger Than You Think РѕС‚ : Common Man Show Download Full Episodes | The Most Watched videos of all time

How to Keep Your Money Safe at Home | Rachael Ray Show РѕС‚ : Rachael Ray Show Download Full Episodes | The Most Watched videos of all time