JOHNNY DOETHE LIFE WHISPERER

Money parking - Company or personal bank account

abc123

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abc123New MemberAuthor
Joined
Nov 2019
Messages
45

#1

What is your suggestion if I plan to park money for some time ahead.
Should i park them on a bank account held by a company or on me personally?

Any risks/good/bad between the both methods?

Martin EversonOffshoreCorpTalk moderator
Joined
Jan 2018
Messages
11,922

#2

1. What do you consider "some time" i.e 5, 10, 20, 30 years?
2. How much money are we talking about here?

abc123New MemberAuthor
Joined
Nov 2019
Messages
45

#3

For 5 years, and 800k euro

(random letters to fill out post to 50 chars)

Martin EversonOffshoreCorpTalk moderator
Joined
Jan 2018
Messages
11,922

#4

My first choice would be cash but risk obviously is theft if you live somewhere where that is a possibility. Just keep document withdrawal with bank paperwork if you go that route.

If you intend to keep the funds on a bank account then split the funds among 8 different EU banks to stay within deposit protection. Companies like raisin.com can also do this for you. Risk is potential negative interest rates reaching your retail deposit.

SpinatFake user - Alias of JohnLocke
Joined
Jan 2009
Messages
2,452

#5

OP you are very short in your messages and evn have to write "filler text" to answer questions here! This indicates that you are either not serious or have huge problems to explain what it is you want to achieve! If you think you can present your business case to anyone serious this way and get something good out of it then you may have learned your first lesson here already.

Bes more specific and detailed so you get serious and good answers.

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