Georgetown Trust Blog

David J Drummond

Dave currently works with individuals who are “going international.” He helps client’s identify, prioritize and execute their international strategies. From banking and asset protection, to residency and alternative investments, Dave utilizes his experience to help others streamline their initiatives. A resident of Belize since 2008, Dave is currently working towards citizenship in Belize. This real world experience and a thorough knowledge of offshore structures, retirement vehicles, financial services and alternative investment products, give Dave the practical knowledge and experience to help like-minded individuals navigate unfamiliar waters and set anchor in their personal safe harbor. A technologist, with 20 years in the high-tech space and founded on a background of relational database design and application development, Dave has extensive experience in enterprise sales and customer support. Through both the boom and bust of the high-tech market Dave was focused on driving client satisfaction, product delivery and revenue generation. Whether with fledgling startups, or established software companies, Dave’s teams consistently hit high marks with customer service, revenues and profitability. In 2003, Dave visited Belize for the first time and became a believer in the country and the people. These beliefs lead him to extend his real estate development projects to Belize, where he served as the point man and operations officer for the ground team. As the guy in the jungle, he did much more than set up the corporate structures, manager projects, monitor numbers, and act as a catalyst. Dave was instrumental in a higher education reimbursement program for the children of local workers; ensuring that, if they did well in school, their tuition and fees would be paid back to their parents. He believes strongly in giving back to both the people, and the country, of Belize.

Recent Posts

Wild Stock Market Rides Getting Old?

Posted by David J Drummond on Feb 8, 2018 4:54:16 PM

StockMarketRide.jpg

For the average investor the picture above can be a common occurrence in one's investment track record. In fact, in the investment world this is taught as a rule; the common investor will buy high and sell low. Why? Because they don't spend enough time researching their investment purchases. Instead they tend to follow the market news jumping in when it goes up, however, when the market falters, they are the first to panic and sell.

Read More

Topics: Asset Protection, Alternative Investment

The Best Way To Invest in Crypto Currencies

Posted by David J Drummond on Jan 19, 2018 12:23:51 PM

 

The best way to invest in crypto currencies is to do it in a qualified retirement plan (IRA, ROTH IRA,401K, etc.) to defer taxes, minimize accounting, and maximize control using a Self-Directed IRA with an international Limited Liability Company (LLC).

Read More

Topics: offshore IRAs, Self-directed IRA, Asset Protection

Asset Protection Structures - A Quick Overview

Posted by David J Drummond on Aug 12, 2017 1:55:59 PM

I spend a majority of my day conversing with individuals from around the world looking to protect themselves, their families and their assets. And, as you can imagine, each and every invidividual's personal situation is different. There is not one simple "pill" that can be utilized by everyone.

Read More

Topics: Asset Protection, Foundations, International Business Companies, International Trusts

"Checkbook IRA" May Be a Bit Misleading

Posted by David J Drummond on Feb 9, 2017 9:00:00 AM

The Self-Directed IRA (SDIRA) market has utilized the term "Checkbook IRA" to describe a strategy that utilizes a Limited Liability Company (LLC) as an investment vehicle so often that it has become synonamous with the actual structure itself. However, this can be misleading when one is describing the strategy that utilizes international structures for purchasing assets outside of the United States.

Read More

Topics: Self-directed IRA

5 Things to Know Before Starting International Business Companies

Posted by David J Drummond on Sep 8, 2016 11:48:27 AM

If you are hoping to start a company in Belize, you'll have several classification options. However, one of the most popular is the IBC, or International Business Company. Starting an IBC offers a number of benefits, but there are also some limitations. These are the five things you should know before you start your own IBC in Belize.

Read More

Topics: International Business Companies

How to Benefit From a Self-Directed IRA

Posted by David J Drummond on Aug 25, 2016 1:43:15 PM

Since the creation of the IRA in 1974, countless Americans have taken advantage of this investment vehicle. Although a traditional IRA certainly has some advantages, including a significant tax break while saving for retirement, there are also some drawbacks.

Read More

Topics: Self-directed IRA

Grow Profits Through Precious Timber

Posted by David J Drummond on Aug 3, 2016 4:37:48 PM

For many individuals, trees are a natural resource that do not appear to be in short supply. For those in development, engineering or construction, however, it can immediately become apparent just how vital timber is for our global society.

Read More

Topics: Precious Timber

Putting Your Gold to Work In The Smartest Way

Posted by David J Drummond on Jul 26, 2016 9:00:00 AM

There is no shortage of reasons to invest in gold today. The element has an intrinsic value, has been an asset for thousands of years, is desired around the globe and isn't linked to any one specific country or banking system, as other currencies are.

Read More

Topics: Gold Loan Program

History and Advantages of a Corporate Structure

Posted by David J Drummond on Jun 22, 2016 3:28:46 PM

To protect your hard-earned wealth and preserve your assets for the future, a corporate structure is often the best course of action. These corporate structures limit your individual liability, creating a level of protection between you and the real estate, cash or investments you have worked so hard to earn. 

Read More

Topics: International Business Companies

Company Ownership for an LLC and an IBC

Posted by David J Drummond on May 12, 2016 10:39:29 AM

Globes

Both the Limited Liability Company, or LLC, and the International Business Company, or IBC, are corporate structures that can be a smart choice for the savvy investor. 

Read More

Topics: International Business Companies