Here is the thing, With $25,000,000, and spending $15,000,000 on my realty company, that would leave me with $10,000,000. Throw in $5,000,000 for my investment account, and that leaves me with $5,000,000 left. I will not be able to spend all of this money anytime soon. Even with the number of significant purchases, I will still have more than a couple of million dollars remaining. FDIC insurance is limited to $250,000. So let’s say I have a bank account with $1,000,000 – and that bank goes belly up, and shuts down. Well, I will receive $250,000 and therefore lose $750,000 for that bank account. If I deposited more than $1,000,000 – then I would lose even more money.
This is where the Swiss bank account comes in. All of my money beyond $250,000 per account will be transferred to my Swiss account, and my entire money will be protected. The Swiss account is not intended to hide my money as some millionaires might do. All of my income will have a paper trail, and there will be no way I could hide my money unless I do everything out of the United States. This will not be done. The Swiss account is just to protect my assets, nothing more, nothing less.
If I should need to transfer money from a local bank to the Swiss account, it will be a simple wire transfer. Sending money to my domestic account will be another wire transfer. In either instance, I should see the results within a few business days. I am sure that no matter what I want, it could wait for a few days to fund my account. Most likely, this will likely be another property that I will be interested in. This will only increase my income from the realty company.