I received an email from someone in the group, and felt that the answers I gave her would benefit everyone. Of course, I am not an accountant, lawyer, etc., just someone who’s been in this process for a while, with reasonable contacts of my own.
Dear XXX,
I think the situation is exactly what we have been told all along — that rates will peak in the first five days, and then go down to ‘normal’ international rates for the public exchanges. If their sources [from the Wingit call] are hearing that rate reduction is expected in early May, that implies that we (the internet) group will have an opportunity to exchange at the special higher rates before then. I had a direct conversation with one of the Wingit ‘experts’ about this yesterday.
You are more likely to get the super-high rates if you:
- Have a clear vision of what you want to do with the money, especially humanitarian/philanthropic projects. I am writing a vision statement for my foundation as we speak. If you have a foundation, you are already ahead of the curve, because 501c3 foundations can ONLY use their money to support humanitarian, charitable or philanthropic projects.
- Have a spreadsheet, or several spreadsheets, to indicate you have given serious thought to how you will deal with the funds, depending on your total funding (which in turn depends on the rates). I have been updating my spreadsheets as I go along, to condition my mind to greater and greater sums. I assume you have a spreadsheet? If not, I can customize one for you.
- Have the demeanor and/or experience of someone used to handling very large sums of money. You want the bank to take you seriously, so look like a professional.
- Be willing to leave a large chunk in the bank. WF would ideally like you to partner with them in looking after 75% of your principal… and they will pay interest, possibly up to 8%, which is as good or better than you will get in an investment fund. They want to see that you are planning not just for your lifetime but in perpetuity. Make sure to mention your professional team. [Hint: use this wait time to interview people. Just tell them you are about to inherit $25,000,000, and you’re looking for the right people to help you protect and invest the funds. Believe me, they will want to help you — that’s their business. Someone on TNT just now said this: “I know one thing for sure, I do know some millionaires — first they would never go online to get a trust, second they would never go online to get a encrypted secure email service. They have a security team and a financial team to handle all legal matters.” That’s how you need to think and what you can be researching right now.]
- Be prepared to negotiate — “I am willing to leave 50% at WF if you can guarantee me 8% per annum, paid quarterly, with no fees of any kind!” Let them make the first offer. Be willing to ask for the highest rate possible.
In short, the banks will want to feel reassured that you have clear plans that you have the will, the ability, and the professional assistance to carry out. The rates will be very high, especially in the first five days. Our latest intel suggests that over $500,000,000, there may well be structured payouts, but that actually benefits us as we learn to handle these large sums of money.
By the way, I’ve been advised that it’s okay to use a skeleton trust at the bank, so long as you are named the Chief Compliance Officer and the Chief Trustee. The bank is more concerned about how they invest your money, not what you spend the income on. The banks want to partner with you, and you are still the customer, so you are in the driver’s seat.
Does this make sense?
Blessings,
Kyre
PS: I know of two sites that will give out the 800 numbers when they are available. I will definitely email them to everyone in this group — I’ve already written the email, ready to send it out as soon as possible. Believe me, the banks want you to contact them as soon as exchanges are feasible.
PS: Here is a link for the Wingit call this afternoon, which reiterates and clarifies some of yesterday’s information: https://t.co/46zIu8FPit/s/HZZm
