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

What is a Self-Directed IRA (SDIRA)?

Posted by David J Drummond on Apr 10, 2019 3:11:38 PM

An IRA, or an individual retirement account, is a common investment vehicle in the United States and around the world. It works by allowing individuals to save up for retirement while enjoying tax-free growth or tax deferment.

However, a traditional IRA doesn't allow you to explore the full range of investment opportunities. With a Self-Directed IRA, you'll have far greater choices available to you.

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Topics: Self-directed IRA, offshore IRAs

Choosing the Right International Corporate Structure For You

Posted by David J Drummond on Feb 28, 2019 4:05:28 PM

As we discussed in our previous article on setting up international corporate structures, there are a number of benefits that you can receive by establishing a corporate structure on an international level.  

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Topics: International Corporate Structures

Setting Up International Corporate Structures - The Inside Scoop

Posted by David J Drummond on Feb 15, 2019 5:32:54 PM

Setting up an international corporate structure offers a number of advantages, but it can also be overwhelming to some individuals. The good news is that establishing a corporate structure on an international level doesn't have to be as complicated as you might expect. 

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Topics: International Corporate Structures

Crypto - Fiat Banking.....getting better or worse?

Posted by David J Drummond on Jan 23, 2019 10:57:00 AM

Well the "Crypto Craze" has rescinded for the moment, but one would expect to see it rise again as ideas turn into products, concepts turn into services, ICO valuations represent realistic demand and the cryptos settle and sort themselves out.

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Topics: crypto currency, bitcoin cash, cryto banking, crypto, bitcoin, ethereum, ripple, crytpo bank

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.

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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).

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

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.

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

"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.

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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.

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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.

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Topics: Self-directed IRA