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Caution or Paranoia?

Topic closed. 37 replies. Last post 5 years ago by GamBlur-TTF.

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Ga
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December 20, 2011
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Posted: December 18, 2012, 12:49 pm - IP Logged

If you actually won would you invest it,  put it in bank, or keep as much as you could cash? I was talking with some people at work and some family members about this, some said it's too risky to invest with the economy like it is and the huge deficit we have. A few of them said the government can just take it, so if you put a lot of it in t bills, municipal bonds etc. you could lose it all. Do they have a point or are they overreacting?

    helpmewin's avatar - dandy
    u$a
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    February 22, 2011
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    Posted: December 18, 2012, 1:17 pm - IP Logged

    If you actually won would you invest it,  put it in bank, or keep as much as you could cash? I was talking with some people at work and some family members about this, some said it's too risky to invest with the economy like it is and the huge deficit we have. A few of them said the government can just take it, so if you put a lot of it in t bills, municipal bonds etc. you could lose it all. Do they have a point or are they overreacting?

    Depends on what you are investing in, Cash all the way is best for me.Hurray!

    Patriot


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      Member #116268
      September 7, 2011
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      Posted: December 18, 2012, 1:20 pm - IP Logged

      Depends on what you are investing in, Cash all the way is best for me.Hurray!

      Cash is the worst possible investment choice. (Outside of gambling , of course)


        United States
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        Posted: December 18, 2012, 1:23 pm - IP Logged

        If you actually won would you invest it,  put it in bank, or keep as much as you could cash? I was talking with some people at work and some family members about this, some said it's too risky to invest with the economy like it is and the huge deficit we have. A few of them said the government can just take it, so if you put a lot of it in t bills, municipal bonds etc. you could lose it all. Do they have a point or are they overreacting?

        I know people who convert cash to gold and put it in safe deposit in Jamaica. (among other places) The government cant touch it there, it grows in value, and its accessible even if you have to swim there to get it.

          helpmewin's avatar - dandy
          u$a
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          Posted: December 18, 2012, 1:32 pm - IP Logged

          Cash is the worst possible investment choice. (Outside of gambling , of course)

                                                                   

          Patriot


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            July 25, 2012
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            Posted: December 18, 2012, 1:35 pm - IP Logged

            If you actually won would you invest it,  put it in bank, or keep as much as you could cash? I was talking with some people at work and some family members about this, some said it's too risky to invest with the economy like it is and the huge deficit we have. A few of them said the government can just take it, so if you put a lot of it in t bills, municipal bonds etc. you could lose it all. Do they have a point or are they overreacting?

            Might be stuck all the way round....I'd find out who takes care of Oprah, Bill Gates and Warren Buffetts money and ask them LOL.....


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              Posted: December 18, 2012, 1:42 pm - IP Logged

              Might be stuck all the way round....I'd find out who takes care of Oprah, Bill Gates and Warren Buffetts money and ask them LOL.....

              You mean you haven't already.................What?

                helpmewin's avatar - dandy
                u$a
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                February 22, 2011
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                Posted: December 18, 2012, 1:44 pm - IP Logged

                I know people who convert cash to gold and put it in safe deposit in Jamaica. (among other places) The government cant touch it there, it grows in value, and its accessible even if you have to swim there to get it.

                Patriot


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                  Posted: December 18, 2012, 1:51 pm - IP Logged

                  You mean you haven't already.................What?

                  No reason to.....yet.......


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                    Posted: December 18, 2012, 1:52 pm - IP Logged

                    Now that's a pretty picture...I'm guessing its about 500 of them


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                      Posted: December 18, 2012, 1:55 pm - IP Logged

                      No reason to.....yet.......

                      Best get ready..... Your the billionaire 2 bee..........


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                        Posted: December 18, 2012, 1:59 pm - IP Logged

                        Best get ready..... Your the billionaire 2 bee..........

                        LOL I got my fingers ready to do some walkin....


                          United States
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                          Posted: December 18, 2012, 2:03 pm - IP Logged

                          LOL I got my fingers ready to do some walkin....

                          Gather those numbers and put em on speed dial my friend............Yes Nod


                            United States
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                            July 25, 2012
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                            Posted: December 18, 2012, 2:07 pm - IP Logged

                            Gather those numbers and put em on speed dial my friend............Yes Nod

                            Hopefully we'll both need them one day sir


                              United States
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                              November 23, 2012
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                              Posted: December 18, 2012, 2:18 pm - IP Logged

                              Hire a finançial planner an a attorney.   LP members giving advice is like asking a crackhead to pass your drug test