Does anyone know who Peter Taradash (Grandpa /Pugi) is and what happened to him?

[diro]

I’ve never looked at it that way that the person you love could be one of the biggest threats to your wealth, nor have I considered it with friends or business associates. It’s time for me to learn this.

 

[Nicholas Van Orton]

@peter taradash Very interested to know about a couple examples of those "financial services organizations" that delivered the full 'banking and lifestyle' experience. Even if it's not the actual one you might have used, a hint on similar providers would be appreciated.

@Martin Everson Dear Martin, maybe you could be of assitance, also?

Thanks,
NVO

 

[diatessaron]

Quit yapping and show me the money old man!

 

[peter taradash]

Very interested to know about a couple examples of those "financial services organizations"
Can't give you names but look for the established ones in- Singapore, Cayman, Bermuda, Bahamas, Serbia, Lithuania, etc.
The ones in Switzerland & Liechtenstein used to be good, but once they caved in to Big Bro, not anymore -if you want privacy & discretion.

 

[dany]

Can't give you names but look for the established ones in- Singapore, Cayman, Bermuda, Bahamas, Serbia, Lithuania, etc.

too broad to work for anyone looking for a good bank.

 

[peter taradash]

too broad to work for anyone looking for a good bank.

Ok. Specific? Go to the biggest financial institution in the country that accepts foreigners. For me personally, I would also want a respectable institution to have been in existence for at least 25 years.

 

[uranium]

Ok. Specific? Go to the biggest financial institution in the country that accepts foreigners. For me personally, I would also want a respectable institution to have been in existence for at least 25 years.

25 years of existence I agree on this part although we seen what happened to credit suisse
Biggest: not really, the big have hundreds of thousands of customers so you won't really get that top notch customer service. From what I have seen especially in Switzerland, the family owned banks are usually the best but starting from 5mil.

 

[peter taradash]

Sure, big banks go bust once in a while, but the *2 big 2 fail" ones are usually taken over by other banks & the customers dont lose anything. <When the new itsy bitzy banks get robbed by their fly by night founder/owners, the customers get nothing. So sure, all banks are risky and I prefer to do biz with none of them. But if you need a bank, a big reliable one with a good rep is still better than a new one possibly run by crooks. IMO anyway. Most of us on this forum dont have 20 million on deposit so we wont get first CLASS RED CARPET SERVICE ANYWAY.

 

[uranium]

Sure, big banks go bust once in a while, but the *2 big 2 fail" ones are usually taken over by other banks & the customers dont lose anything. <When the new itsy bitzy banks get robbed by their fly by night founder/owners, the customers get nothing. So sure, all banks are risky and I prefer to do biz with none of them. But if you need a bank, a big reliable one with a good rep is still better than a new one possibly run by crooks. IMO anyway. Most of us on this forum dont have 20 million on deposit so we wont get first CLASS RED CARPET SERVICE ANYWAY.

I personally hold only stocks with banks, I don't have big amount of cash with any bank. So in case they go bust, I simply transfer stocks to another bank.

 

[Martin Everson]

When looking for a safe bank no matter the jurisdiction do the following:

1. Pay attention to its financial especially the balance sheet
2. Ensure the bank has been labelled a systematically important bank in its jurisdiction.
3. Ensure there is no Russian or China involvement unless bank is located in those countries.

In short you want a bank that avoids economic and geopolitical risks. So for example the UK lists the banks that are systematically important to it below.

https://www.bankofengland.co.uk/pru...ber/2022-list-of-uk-firms-designated-as-osiis
Or at a global level any bank on list below:

https://www.fsb.org/2023/11/2023-list-of-global-systemically-important-banks-g-sibs/

 

[lory]

When I look at your YouTube channel, I can’t help but chuckle. We’ve gone from tax havens, offshore companies, and tax optimization to now making potato pancakes.

That’s quite a career shift you’re making in your later years.

But as long as you’re healthy and enjoying what you do, I wish you all the viewers you can get. I hope your channel brings in a bit of money so you can enjoy whatever it is people do at 86 years old.

That's a cool video

 

[clemens]

1. Pay attention to its financial especially the balance sheet
2. Ensure the bank has been labelled a systematically important bank in its jurisdiction.
3. Ensure there is no Russian or China involvement unless bank is located in those countries.

These are really good steps to check if the bank you've chosen is financially strong and not the next one to collapse. It does require a bit of research to begin with, which many people probably don’t do. I will be using this tactic from now on.

 

[cuno]

Dr. Peter Taradash (pen name or pseudo name)

Do you have a PhD in real life, and if so, in what?

 

[Houdini]

I personally hold only stocks with banks, I don't have big amount of cash with any bank. So in case they go bust, I simply transfer stocks to another bank.

very good advice, I read it in a few threads and it makes very good sense if you don't wanna risk your money.

 

[cuno]

How secure can one be when only holding shares in a bank, that they cannot be confiscated, and that one can simply move them if the bank goes bankrupt?