Most of us have ideas about what to do with our tendies after the dust settles: crypto, real estate, precious metals, etc. All good ideas, but what about the immediate 'during the MOASS', when prices finally get to the point we decide to sell, but it's not yet clear if financial meltdown will ensue?
I will keep my money in a bank that offers a service called IntraFi Network deposits (formerly Insured Cash Sweep/CDARS). Basically it's a service that functions like a single bank account, but splits your money up between 3,000 member banks to offer FDIC coverage of $750 Million. https://www.intrafinetworkdeposits.com/
Since I plan to sell for approximately what gmefloor.com is at, should the price rise that high, and I believe it will, I will need more than $750 Million in coverage. For this reason I will ask an asset protection lawyer about using multiple revocable trusts in the names of my family members to gain additional FDIC coverage per bank. The FDIC website has a tool called EDIE which says this will yield the additional coverage, but I will consult a professional to cover my bases. https://edie.fdic.gov/calculator.html
Assuming everything checks out okay, this will be enough coverage for several billion dollars, and since bail-ins do not apply to the amounts the FDIC covers, I am safe from that, along with being diversified to 3,000 banks.
Once everything settles down, I will begin purchasing other assets, like precious metals, crypto, and real estate.
Foreigners are eligible for FDIC coverage for accounts with US banks, however this only applies if the bank is on US soil, so if the bank has a branch in your country my understanding is that would not work.
That being said, you could choose a bank from the IntraFi website bank finder tool, open an account online and manage your account remotely, wiring money to a local bank in another counrty if you felt like it.
Other steps I will be taking include:
Consulting with a civil lawyer, ie one who specializes in avoiding and defending against civil lawsuits and a tax attorney to find the best structure to pay fair, but not excessive taxes. A good resource for finding top-flight attorneys is https://www.martindale.com/. They have both client and peer (ie other attorney) ratings.
Also, there is a firm called nomad capitalist who specializes in offshore finance and business as well as second passports. I will consult them to have other options for myself and my money should things go really bad in the USA. https://nomadcapitalist.com/
Consulting with and getting to know a world class security firm: https://www.garda.com/security-services/physical-security/executive-protection. Being rich paints a target on your back, maybe I won't need it, but I'd rather be prepared. Kidnapping, ransom, robbery, murder, statistics shoot way up for the newly rich.
Possibly hiring a PR firm to help tell our story from a non-negative viewpoint: https://www.5wpr.com/services/reputationmanagementprfirm.cfm
Having a private jet agency on speed dial : https://www.privatefly.com/
Familiarizing myself with charities that I want to donate to: https://www.charitynavigator.org/
Getting to know who I align with in elections in my district: https://www.isidewith.com/ This site asks you a series of questions about political issues and matches you on a percentage basis with candidates.
Let me know if you have suggestions, I will add them!
None of this post is financial or legal advice.