How to Protect and Grow Your Wealth: Internationalize your assets to increase value, minimize taxes, and avoid capital controls, and confiscation. - Paperback

by David Redick (Author)

In addition to the traditional investment diversification of asset classes, the concept of 'Protect and Grow Your Assets' considers; 1) The ongoing decrease in purchasing power (PP) of the USD (as revealed in pricing of goods and services, and foreign exchange rate), and 2) The threat of increased taxes, capital controls, and confiscation by the U.S. government. This book offers solutions based on; 1) 'Internationalization' of assets into nations with strong economies, low capital controls and taxes, and a stable legal and monetary system, 2) Creation of a 'Multi-Generation Succession Program', managed by an 'International Business Corporation', and 3) Use of 'Charitable Trusts' for tax minimization. This approach requires a Wealth Management Plan which considers the economic trends and monetary and fiscal policies of many nations, and which ones to deal with based on whether the PP of their currency, and value of real estate and securities is likely to rise or fall.

Author Biography

Biography of Dave Redick Personal: Dave was born in 1935 and grew up with his two brothers in a middle class family near Detroit, MI. When he was 14, the family moved to an 80-acre general farm near Ann Arbor, Michigan. He has an honorable discharge from the U.S. Army Reserve. After 46 years in California, he moved to Madison, WI in 2004 to be near his family. Education and Business: Dave won a four-year tuition scholarship to the University of Michigan, based on grades, activities (Sr. Class President, sports), and need, and started in the fall of 1953. He completed his BS-Engineering in 1958, and passed the academic exams for the Michigan Society of Professional Engineers (EIT). He first worked as an aerospace engineer for 5 years (rocket engines and satellites) in California, and then started his career in telecom sales and management. In 1965 he earned an MBA with an Economics major from Santa Clara University in Santa Clara, CA. After management positions in several other firms, in 1995 he became VP Sales, then President, of a wireless telecom consulting engineering firm www.hntelecom.com. He left in 2000 to be VP and cofounder of a Silicon Valley telecom startup 'Fiberstreet' (closed, see Google), and helped raise $6 million of venture capital. Since 2009 he has worked as a Speaker, and Author of books, on the interaction of governments, business, people, and economics. Since 2010 he has focused on monetary systems and Wealth Management. His views are shown in his books, and at www.SaferInvesting.org.