Negative interest rates and your lotto money.

Reply #10

hhh1200 — Wed, 17 Feb 2016 04:46:39 GMT

Swiss, UK and Canadian Banks.

Reply #9

Tialuvslotto — Tue, 16 Feb 2016 12:49:45 GMT

Gold, baby

Reply #8

MaximumMillions — Tue, 16 Feb 2016 05:13:00 GMT

Not all countries are going to enforce negative interest, so you can just move your money to politically stable ones that don't.

Hong Kong, Switzerland, Singapore, South Africa would be my bet.

Reply #7

savagegoose — Tue, 16 Feb 2016 01:50:09 GMT

I think $1m packs into a 20kg back pack. tho $200 mill might be a bit harder to carry

Reply #6

pickone4me — Tue, 16 Feb 2016 00:47:19 GMT

I would think buying up gold bullion would make sense, however the amount you would need buy turns it in to nonsense as you would need a place to store it and protect it.

Reply #5

music* — Tue, 16 Feb 2016 00:31:17 GMT

I just read on a discount stock brokerage website that the world's central banks are concerned about negative interest rate plans (nirp) This worries the world's stock markets. This is bad news.

Deflation like inflation hurts. In many ways.

Can we expect more stock market volatility

Reply #4

veganlife125 — Tue, 16 Feb 2016 00:20:45 GMT

Great topic LiveInGreenBay but i would apply it to more pressing concerns like the economy if you don't mind.

This 25 year era of free money without interest encouraged debt and spending with no worry for saving. Since america has the world reserve currency and kept rates to low for to long we are responsible for the worlds financial plight. Now American's are broke and mad ready to vote Trump or Sanders to save their hide. Yea right. Only if either of them does three things in my estimation... [ More ]

Reply #3

savagegoose — Mon, 15 Feb 2016 23:51:45 GMT

Im wondering what the annuity would look like. less than the cash amount lol

Reply #2

TheMeatman2005 — Mon, 15 Feb 2016 22:44:15 GMT

That would really stink.

You have $400 mil in the bank and it cost $1 mil- $2 mil to keep it there! I don't think so!

If I'm gonna lose money on it in the bank, then it's not going to be in a bank.

Reply #1

music* — Mon, 15 Feb 2016 20:51:03 GMT

I would invest it in the Stock Market, a house, car, etc..

Negative interest rates and your lotto money.

LiveInGreenBay — Mon, 15 Feb 2016 20:00:12 GMT

Recently the federal reserve is considering instituting a negative interest rate which means the banks will charge you money for keeping (your) money in their bank. OK so you get an attorney and financial adviser but that money is still kept in a bank or financial institution somewhere. So what would you do after hitting the jackpot? The moment you cash that check they'd be milking it.