October 9, 2014 at 3:05 pm #26457
I have a friend who has a fairly high amount of assets, most of which are in investments. She knows about prepping but is unclear about what to do with her dollar denominated accounts. She has some gold and silver though there are limits on what she can store, plus there are questions about how much to diversify her holdings. She has land for a BOL and housing so that is covered. Her question, which I cannot properly answer as I have no assets, is what should she do with her investments to protect them? Do we have someone here or does anyone know of a prepper who really understands financial matters so as to make an informed recommendation for my friend and others like her who have a reasonable amount of wealth?
For God, Family, Country, & Liberty!October 9, 2014 at 3:18 pm #26461
Have her check out Dan Celia. He is a Christian financial advisor. He is very knowledgeable about moving money around and minimizing penalties and such.October 9, 2014 at 3:45 pm #26462
I don’t know the right answer for her, but a warehouse of guns, bullets, food and medical supplies sounds like a safe bet.October 9, 2014 at 3:50 pm #26463
Thanks for the replies. Matt, I will send Dan’s info to her. 74, I agree with you those items are good but her portfolio is large enough where she needs to diversify beyond basic items. Thanks again.
For God, Family, Country, & Liberty!October 9, 2014 at 8:16 pm #26470
Well Ghost Prime, it all depends on how she views the future and what her goals are. From what you seem to indicate she might be of a prepper mindset and concerned about holding assets in USD should the value tank quickly or worse.
I would consider suggesting she check out PeakProsperity.com - Chris Martenson’s site and she migth want to take the time to review his well put together Crash Course. If she finds she agrees with much of what he and his team are saying – they do have investment advisors they will put you in touch with that they have investigated that do not believe all is not copacetic with the world. So, if she is ‘prepper’ mindset she wouldn’t have to be concerned about couching her goals for her assets in anything but a direct way, i.e. to someone that thinks preppers are crackpots.
Hope that helps.October 9, 2014 at 11:03 pm #26475
If I had that amount of money I would invest in other properties in other countries and have gold and silver assets in those countries too. This would give you many options if the SHTF real bad in the U. S.October 10, 2014 at 12:24 am #26478
tweva, thanks for reminding me about Peak Prosperity. I have heard of them but not having any assets, I did not pursue it. Since my friend does have assets to protect, I will tell her about them. Thanks again.
For God, Family, Country, & Liberty!October 10, 2014 at 12:27 am #26479
freedom, if she were younger I would agree with you, but she is not inclined to travel internationally. I have heard an investment advisor give that same advice to a wealthy man I know so it is sound. Thanks.
For God, Family, Country, & Liberty!October 10, 2014 at 2:21 am #26484
If it were me personally in your friends place I’d keep as little money/401k’s etc in a bank as possible – think Cyprus. Instead of traditional ‘investments’ I’d buy small, manageable farm land tracts with good soils and water, water, water, or just any acreage with a controllable or rather owned original source for water, water, water and more water. And, I’d by lots of hard assets(particularly hand tools and new, old-school amish farming equipment of all kinds while you can still get it, outdoor wood furnace before they are illegal and a bunch of some sorts of woodstoves (more like small, portable tent kind not house ) and a place or places to keep them secure. Things to trade,things people would need. I would not personally buy property overseas. I’d also buy the equipment needed to construct a mini alt energy ‘power’ station for a small settlement and as many different kinds and sizes of batteries and proper storage as I could.October 10, 2014 at 3:35 am #26486
tweva, thanks for the comments. I know that with their land, they have wanted to get a secure storage place but the difficulty is how to protect it when you don’t live there. Seems like today there are criminals everywhere, even way out in the boonies. I do agree with you in principle but I don’t know how to assure the security of any cache of goods in a remote location when you don’t live there. A real dilemma as the more gear one has, the harder it will be to transport it so pre-positioning makes a lot of sense, though the security of the assets is still the question.
If you can solve that one, you could help a lot of people.
For God, Family, Country, & Liberty!October 10, 2014 at 3:50 am #26487
GP – check out the below link. There’s many people out there willing to “watch” a property for the owners by living there.
Arms discourage and keep the invader and plunderer in awe, and preserve order in the world as well as property... mischief would ensue were the law-abiding deprived of the use of them.
- Thomas PaineOctober 10, 2014 at 4:10 am #26488
Interesting idea Novus. I will definitely pass that along. Thanks.
For God, Family, Country, & Liberty!October 10, 2014 at 7:40 am #26491
Novus, you beat me to it.
There’s any number of ways to purchase various land or property holdings. Some better than others.
Around 30 miles south of me, there’s a private camp for sale.
Multiple buildings, dining hall, etc. One could both keep it stocked for private use, while making a few bucks and fixing it up while writing it all off.
One friend owns half a dozen small farms.
He rents the farmhouses out to various screened people for a pittance, just to keep them secure and maintained, while renting out the ground to neighboring farmers.
He keeps diversifying, one farm is now raising christmas trees and pumpkins every year. The local FFA does much of the work and gets something like 80% of the take.October 10, 2014 at 8:36 am #26495
Good suggestions Tweva. Personally I would look for land with running water that could be used for viable hydroelectric generation.October 10, 2014 at 1:26 pm #26499
Ghost – I would stay away from any of the website recommendations here. When you go to a financial advisor, he’s going to earn his income by what he sells you (basically a sales person under the guise of advisor). Unless it’s someone you highly, highly trust – stay away. If she’s high net-worth, there’s nothing they can help her with (high net-worthers don’t go to websites to find financial advisors).
That said, Jim Rickards is a good resource for her.
He recommends that you denominate in the following:
1. hard assets – like railways, water, etc. Since she can’t buy a railway, she can invest in certain companies that own them
2. gold – gold and silver. Keep them within reach (ie: not in banks or storage facilities) (10-20%)
3. real estate – revenue producing properties like farms or property in prime locations (though not necessarily in cities)
Lastly, cash is something for her to consider holding in quantity, though, of course, subject to inflation. This gives her liquidity and the ability to be nimble.
Skills are also worth investing in (ie: small engine repair, sewing, first aid/trauma, etc).
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