Where would you store (not invest) $10,000,000?

Are you serious? The description of the forum is "Where We Talk About Making Money" not just Internet marketing. Besides, once you make the money, wouldn't you want advice from the people that helped you make it about where to put it?

Brandon

Although the question does not seem to relate to this forum´s theme I will try and give you some constructive input.

What it comes down to is why you want to store it. If you are trying to hide assets against a lawsuit, be awarethat when you get found out ( notice I didn´t say IF) that will give you more trouble than benefit.

If your aim is to evade taxes, it´s even worse than the previous scenario. Nobody is better at finding money than the taxman. Nobody.

If what you want is to optimise yuor tax return, there are perfectly legal ways to do that. Simply get in contact with tax attorneys who will draw up a plan for you to set up your asets in such a way that you don´t pay moe than you should, yet you comlpy with your obligations.

If the money is totally clean but you just want it set aside to cover any future possible problems ( some businesses fear that the next product they are developing may cause lawsuits, as it happens with Big pharma) again you need expert attorneys to set you up with proper insurance and legal schemes to make those assets not vulnerable to such issues (incorporation, location of business, offshore accounts and so on).

The point is, when you are talking about such a big amount of money you need professionals to asist you in protecting yourself and your assets. They are there for a reason and their fees will always be less than the cost of not hiring them.

If you are looking at it form the perspective of something illegal, this is definitely not the place to ask.

George, definitely have plans for giving according to my preferences, which is actually the main reason I want the money liquid and could care less about it growing.

Brandon

Regular U.S. savings accounts rates are low, I would say around 0.5% on average. Some banks have special savings accounts where you can earn up to 5%.

Brandon

And if you like a bit of risk, Mr Bolton is back at Fidelity (He was their star fund manager for 28 years with the Fidelity Special Situations Fund). He will be starting a China focused fund about March 2010. the guy is genius.

I would convert it to other currencies, for example in euros and pounds, because dollar will lose all of it's value and stop exist as currency in 5 years. I would make a secret wall in my garage where i would make huge safe which is impossible to break

ROTFLMBO!

Think he can get to it then?

No it's not hypothetical. Plan on selling a company soon and plan to have more than 10M after taxes. And by dirt I meant burying it in the ground, but I was joking ;-). And I agree about asking the experts, but I like to here other's opinions as well.

Brandon

NO!!!! DON'T DO THAT!

Invest that money in property and you will be in for a NASTY SHOCK over the next 2-3 years, especially in the UK.

Reasons:

• Biggest global property boom in the history of the world
• UK is the epicenter of the boom, outdoing practically all other countries in the world for ridiculousness of house prices.
• Price to earning ratios still at staggering levels
• Highest government fiscal deficit since the war
• "LABOUR!!!" government plans to raise taxes and reduce spending, god knows what the Tories will do when they get into power.
• Quantitative easing will need to stop and be put into reverse to save GBP.
• Interest Rates will need to raise at some point.
• Rents are falling
• Unemployment is increasing
• We are in a recession
• Rental yields do not cover costs even with interest rates at 0.5%

I am very bullish on internet marketing, but property has had it's day. It's dead!

Remember Japan's lost decade. A mini-example if what we have to come.