I have to admit I am an optimist. I’ve heard people bemoan how the economy is going to pot and the United States’ best days are behind it. I don’t want to believe that, but when I read Wanek Stein’s “The Swiss Perspective,” I realized it really is better to be safe than sorry.
Stein is very realistic about the current state of the U.S. and world economies. He does not utter doom and gloom prophecies, but after he lays out the truth of the horrendous and nearly unbelievable levels of the current U.S. debt and what has happened in other countries like Argentina that have been in this situation, only a fool would not realize that the situation is dire.
Rather than panic, Stein offers a solution to investors on an individual level to protect their hard-earned savings from a failing economy. We’ve all heard of Swiss bank accounts, but most of us probably don’t realize the advantages of them. Stein not only educates us about why we should protect our money in Switzerland, but he discusses how you can get around the technicalities and remain in line with the U.S. tax system when you make the decision to protect your money overseas.
While some people might feel it unpatriotic to invest or move their money to Switzerland, Stein wisely warns, “Never fall in love with something that can’t love you back. That includes a house, a portfolio… and even a country.” Sadly, I fear that he is absolutely right.
I won’t go into more detail about the process Stein advocates, but I will say it is a lot simpler than one might think, and Stein clearly has thoroughly researched the situation and has the investor’s best interests in mind. Stein is a long-time financial advisor, who joined his father’s insurance business in Idaho at a young age, served in the U.S. military, and then spent years in Europe selling hedge funds and connecting with investment professionals. Today, he is the founder and CEO. of Delphi Planning, Inc., a Boise, Idaho-based financial planning organization that serves business and individual clients throughout the United States and Europe.
Hopefully, the situation Stein warns us about will never happen, but it is always best to play it safe. I encourage people to read “The Swiss Perspective” and decide for themselves. After all, what do you have to lose-except your hard-earned money?