cib: BWM re: many of these points, what amount is necessary to get most of these benefits?? $100k , $1mill 5 mill? Any idea what amounts will make WF jump hoops?? tyvm for all your pateince and time
BWM: cib it will depend on the bank honestly... some regional banks have said 250k others have said I million USD...
Dpa820:BWM Thanks alot!!! Is there really a such thing as a "Guaranteed Investment"? And how are they Secured?
BWM: dpa820 investment itself always has a certain amount of risk involved... so there are never really guarantees.. again, this is why I would suggest diversifying
lynncool: BWM How is your 'worth' kept private from your home town teller; (WF) smaller branch in little nosey town after currency exchange?
BWM: lynncool that is one reason I won't have a large sum in my local bank... I will transfer money as needed for my monthly budget...
RidgeRatCmdr: Do we need to go in with a list of perks to ask for or will a wealth manager that they can provide offer these perks?
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BWM: RidgeRatCmdr that is up to you... if you trust what they will offer then by all means go with their list... I'd make notes personally just to make sure I get all that I can without forgetting
12wait: With all this post rv talk, does that mean we are really close?????????
BWM: I WOULD LIKE TO THANK EVERYONE FOR STOPPING IN FOR THE CLASSROOM TONIGHT...
xyz: BWM any idea when this baby is coming?
BWM: xyz I have my suspicions... but I've been suspicious before
Robert: BWM BWM It will be here before the beginning of the year right??
BWM: Robert unless you use the Fed Reserve Calendar
MRP: BWM Fed Reserve Calendar?
dietcokeandice: BWM if stock markets are malipulated as i have been told---what do you put the monies in
BWM: dietcokeandice I will be in privately held companies, real estate and such
xyz: BWM when does Fed Reserve Calender start?
BWM: xyz it only has one day on it... and it's everyday basically
RidgeRatCmdr: BWM Evening buddy, I asked Okie this the other day and I think he laughed at me; but my Q: Is there a conflict of interest for the employees of WF, IMF, and WTO to purchase dinars...he said that they would purchase under a different name. If so, then how could they(WF) produce a paper trail?
BWM: RidgeRatCmdr i have talked to several employees who purchased at other banks or were planning on cashing at another bank... we'll just have to see where/how it comes out
dietcokeandice: BWM would you expand on the privately held companies
BWM: dietcokeandice there are companies that are not publically traded... these are privately held companies. They may eventually go public (example: Facebook recently)
dietcokeandice: BWM so when i talk to my wealth advisor i can tell him not stock market but private companies and he will have their names---locally?
BWM: dietcokeandice they have information on emerging companies, ipo's (initial public offerings 'first time company stocks') so they should know what is going on with that.. again, explain your strategy to them (example: I don't want to be in high risk publically traded companies)
BWM i understand that but i tried the stock market bs don't want to be there---never heard of currency till recently---am interested in learning where to go beside saving account 0% interest
dietcokeandice even your saving interest will take a jump when you have money...
steady1: BWM but when might I ask will we have money?
BWM: steady1 when you get to the bank...
dietcokeandice: BWM really did not know that humm i had an advisor before see where he got me not a good one lol
BWM: dietcokeandice there's advisement when you have a little money... and advisement when you have a lot of money...
steady1: BWM what are you saying?
BWM: steady1 prolly not what you are asking.. lol
RidgeRatCmdr: BWM if we take and put money a side for possible taxes, should we keep it in a seperate acct. with intrest or NIB?
BWM: RidgeRatCmdr you could use an escrow account... ask your tax atty the best way to prepare for that... it will depend greatly on their perception of the amount of tax you will have to pay
wenmar: BWM Do you think we will exchange in a bank with tellers or in a currency exchange dept of a bank, or with the private banker, or what?
wenmar hard to say at this time... some may depend on the amount of dinar you hold. but my guess is at a wealth management location unless it comes open completely first.. just won't know til we see codes or rate
dejoie: I suggest we get lots of money so we get really great advisement!
dietcokeandice: BWM i am beginning to see that thank you for all your help you have certainly opened my eyes and would appreciate additional "out of the box " suggestions thank you
BWM: dietcokeandice my plan is simple... based on a monthly budget and money that will probably never be touched (except for a bi-annual check in) my life will remain simple... my plan is for the future... my kids can try to mess that up when I'm gone
wenmar: BWM Thanks...the closest WF is 3 hours, but I don't know if they have a wealth management dept.
BWM: wenmar i feel your pain... you will know where to go when this happens... don't panic
dinarrocks: BWM Is there ANY tie-in now to Iraq's rate and our rate... some are saying b/c of global impact, that the rate outside of Iraq will be different to that inside country???
BWM: dinarrocks probable... based on war reparations and such...
dietcokeandice: BWM BWM i am signing up for that plan I want to be debt free go out to eat go to a couple yard sales simple
dietcokeandice I'll go to yard sales... in Italy and Australia maybe
dietcokeandice: BWM what---NOT simple
ScotchTerrier: BWM ... lol... now your talking. I'm with you.
dejoie: BWM, That's sounds like a nice plan.
BWM: dietcokeandice I said I'd be simple HERE... when I leave town I get REAL complicated
OneChance: BWM In your opinion, Will Wells Fargo be exchanging both Dinar and Viet Nam VND
BWM: OneChance yes.. it seems that is the plan at the moment
rightontime: BWM BWM - some are predicting double-digit rates.. that seems really unlikely unless they Lxx it. Your thoughts on both the double-digit and the Lxx?? TY
BWM: rightontime negative on the LXX... I won't write off any rate at this point until it happens... I plan for multiple rates knowing what I can do if it reaches each level...
Asells: OneChance hi hon ! hugs blowkiss They have a currency dept... so yes the should :)
BWM where in your opinion will the rate show first-- so we will know if the tv stations will not be reporting this
dietcokeandice you'll probably see things on the sites first IMO...
dietcokeandice: BWM wow that says a lot for social networks
BWM: dietcokeandice the new frontier
dietcokeandice: BWM wow that says a lot for social networks
Asells: rightontime hahah hugs ;) I'm being kind... wanna give BWM the floor ;) AFTER though... watch out !!! ROFLMAO
BWM Do you agree that the longer this drags out, the higher the rate?
BWM: dinarrocks THAT is nonsense to me... not that the rate could be high...but the idea that there are "penalties" being applied to other countries because it is taking this long... I think the rate will be what it needs to be to answer the global economic crisis... The rate we get will be a bonus to us I believe... just need to see a number
RidgeRatCmdr: BWM I've read that you don't have to have an existing acct. w/ WF at exchange...would it help. My investment is currently in a WF safety deposit box...does that count?
BWM: RidgeRatCmdr banks improve their ratings by the number of new accounts and the amount of deposits... so it will benefit them to open you a new account regardless when you exchange... chances are by doing that you will fund your old account with some money AND have a large amount in a new account...
dinarrocks: BWM Do you believe the PTB are waiting for a crash, crisis of x-magnitude before pulling the trigger, OR, has the timer been set and it will ding once the timer hits -0-.
dinarrocks I can't imagine what the final "trigger" will be... there have been a number of factors over the last 12 months in particular that many have speculated about so at this point, most believe it's anyone's game just pull the switch
WM: ok guys.. gotta run pick up my daughter from band camp.. will be back in a little while
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