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Protecting Your Wealth: TFN Market Insights

Posted May 30, 2008

TFN Smart Investing

2008 has presented many challenges — from investing to tax havens to privacy protection. Erika Nolan, executive publisher of The Sovereign Society, explains how to build wealth and protect assets even in a tough market.

Baltimore — (TFN): The following is taken from the transcript for “Protecting Your Wealth” with the Sovereign Society’s Erika Nolan on TFN Market Insights.

Krista Das: Personal wealth building has become trickier than ever before. U.S. investors have received a lot of bad news recently from the credit crunch and a poor housing market to the declining dollar and rising oil prices. All of this has created instability and confusion in an economy led by a poorly mismanaged government seeking some answers on how to build wealth when it seems every odd is against you. I have come to the Sovereign Society’s Wealth Symposium in Panama, where some of the world’s top financial experts are speaking. Joining us to provide some solutions to the matter is founding publisher and managing director of the Sovereign Society, Erica Nolan.

Watch the TFN Market Insights video “Protecting Your Wealth”.

So Erika, I understand that you’ve traveled to over 28 countries within the past ten years, and along way you’ve built up a network of experts on global investing and wealth protection. Can you tell us a little bit about who is speaking here in Panama and what this conference is all about?

Erika Nolan: The goal is really to provide the best investment ideas with great asset protection solutions so investors who are at risk, whether it’s through credit crunch, a divorce, or a lawsuit, have some protection to their wealth. We look to marry the protection with the unique investment idea.

Krista Das: What are some of the trends in global investing that we should look for this year?

Erika Nolan: This year, Eric Roseman, Mike Burnick, and Jack Crooks – who are all on our editorial team and investment advisors – are looking towards currency diversification. They are looking to – I hate to say this – but more bad news over the summer. I think it’s going to be a very long, hot, painful summer for all of us in the states. We’re going to probably see $4.00 or $5.00 gas. We’ll see hurricanes that’ll interrupt production, which is one of the reasons we’ll see a spike in gas prices. We think that we’ll start to see a major market shift from traditional fuels to more radical alternative energy, which will be a big shock for the United States, since we’ve been so slow to kind of catch up on the alternative energy front.

Also, we’re looking towards the coming elections in November for multiple disruptions. We also think we’ll start to see more credit problems with Americans defaulting on credit cards as food and gas get more expensive and we start to see the economy contract in the form of job layoffs. So we’re looking for, sadly, a much more rough end to 2008. And that’s why we’re here looking for safe havens, not only for the asset protection but alternatives for Americans to get money outside of the U.S and. into other markets that may not be as affected.

Krista Das: You mentioned tax havens – where should we look when it comes to privacy issues and tax havens?

Erika Nolan: Well, we always say that personal privacy in the U.S. is dead. A simple Google search these days can not only tell people where you live, but where your children go to school and how much money you have in the bank, and that’s all because of the transparency we have in the U.S. So as people start to appear more and more affluent, obviously, it puts them in a higher wealth radar because they’re a more lucrative target for someone. Usually, lawyers want to go after somebody who has deep pockets. They want a payment.

We think this is a trend that’s going to continue to evolve so we’re saying if you put wealth in another jurisdiction – Switzerland, Austria, Denmark, Singapore – those countries still have some banking secrecy. That doesn’t mean you can hide it from Uncle Sam, but what it does mean that if someone does a search on you, or if someone actually tries to check what kind of holdings you have, these accounts will be off the radar. They’re also usually out of U.S. court jurisdiction. If you have a structure – let’s say a Singapore company or a Nevus LLC, they give you, as an American, added protection against a lawsuit. As we always say, these havens are not for people that want to hide from the government, or are trying to defraud others, but it really just stops what we call the “lazy man lawsuit” – the hangers-on who want to grab part of your wealth in a very unjustified manner.

Krista Das: For the people that were unfortunately unable to come to this symposium, is there a way that they can learn more about the strategies of your experts?

Erika Nolan: There is. We have almost 280 people at this conference – and that’s sold out for us – which is amazing. I think this shows that the market is really having an effect – people are starting to take action. People that might have been reading the newsletter or our e-letters are actually coming here to actually put these tools to work for them. We are audio taping and video taping the entire conference,because we realize there’s a lot more than 280 people that need this advice and need it soon. Before the end of the year, before things get worse, or before there’s a change in the U.S. government that could impact the tax rates. The time to act is now. Learn more about the recordings of the 2008 Sovereign Society Total Wealth Symposium here…
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From the comfort of your own home, learn the top investment strategies for protecting and growing your wealth during financial crisis, including…

  • The top 2 methods for guarding against post-election tax hikes
  • New opportunities for enhancing your security in the world’s best asset havens
  • The 5 best ways to pick up huge bargains in the wake of crashing global markets
  • 3 critical steps to protecting your savings against a plummeting dollar
  • The simplest, easiest and most effective ways to build a ‘Permanent Total Wealth Portfolio’ hedged against risk and poised for major profits
  • Plus much more…

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