I have to admit I am an optimist. I’ve heard people cry about how the economy is going, and behind that are the better days of the United States. I don’t want to believe it, but after reading Vanek Stein’s “Swiss Perspective,” I realized that it’s really better to be safe than sorry.
Stein very realistically assesses the current state of the US economy and the world economy. He does not utter prophecies of doom and gloom, but after telling the truth about the appalling and almost unbelievable levels of current U.S. debt and about what happened in other countries like Argentina that found themselves in this situation, only a fool will not understand that the situation is difficult.
Instead of panicking, Stein offers investors a solution on an individual level to protect their hard-earned savings from a falling economy. We’ve all heard of Swiss bank accounts, but most of us probably don’t understand their benefits. Stein not only teaches us why we should protect our money in Switzerland, but he discusses how one can get around the technical points and stay in line with the U.S. tax system when deciding to protect your money abroad.
Although some people may feel unpatriotic about investing in Switzerland, but Stein wisely warns, “Never fall in love with something that may not love you. It includes a home, a briefcase … and even a country.” Unfortunately, I’m afraid he absolutely right.
I will not go into more detail about the process advocated by Stein, but I will say that it is much simpler than you might think, and Stein has carefully studied the situation and takes into account the best interests of the investor. Stein is a longtime financial adviser who joined his father’s insurance business in Idaho at a young age, served in the U.S. Army, and then spent years in Europe selling hedge funds and contacting investment professionals. Today he is the founder and CEO. Delphi Planning, Inc., is a financial planning organization in Boise, Idaho that serves business and individual clients throughout the United States and Europe.
Let’s hope the situation Stein warns us about never happens, but it’s always better to play it safe. I encourage people to read the “Swiss Perspective” and make a decision on their own. After all, what do you have to lose other than your hard earned money?