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Negative interest rates and your lotto money.

Topic closed. 10 replies. Last post 10 months ago by hhh1200.

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LiveInGreenBay's avatar - driver
Green Bay
United States
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October 15, 2015
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Posted: February 15, 2016, 3:00 pm - IP Logged

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.

Never give up.  Banana

    music*'s avatar - nw bookeep.jpg
    Happy California
    United States
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    Posted: February 15, 2016, 3:51 pm - IP Logged

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

    Goof

     I've been rich and I've been poor. Believe me, rich is better. 

     Attributed to Joe E. Lewis and others

      TheMeatman2005's avatar - lightening
      Brooklyn, NY
      United States
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      October 29, 2015
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      Posted: February 15, 2016, 5:44 pm - IP Logged

      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.

      The Meatman

      “The quickest way to double your money is to fold it in half and put it in your back pocket.” Will Rogers

      Winning happens in a flash, Like A Bolt Of Lightning!  Patriot

        savagegoose's avatar - ProfilePho
        adelaide sa
        Australia
        Member #37136
        April 11, 2006
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        Posted: February 15, 2016, 6:51 pm - IP Logged

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

        2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

        keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

          veganlife125's avatar - Lottery-061.jpg

          United States
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          May 18, 2013
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          Posted: February 15, 2016, 7:20 pm - IP Logged

          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.

          1.  Veto 99% of all bills that come across his desk for the next 4 years.
          2.  Appoint a new federal reserve chairman that will jack up interest rates to 15% on a 1 year cd for the next 4 years.
          3.  Sign an executive order to eliminate all the federal registry laws/regulations passed illegally by the bureaucrats since world war 2.  This will give businesses a free market to compete fairly in again.

          This would hurt worse than a whiskey drunk going cold turkey on bourbon street but it would fix alot of problems.

          Good luck seeing any of it.  Thoughts?

          Don't forget to visit the Lottery Post Gift Shop!

            music*'s avatar - nw bookeep.jpg
            Happy California
            United States
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            Posted: February 15, 2016, 7:31 pm - IP Logged

             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?

             

            Rudolph

             I've been rich and I've been poor. Believe me, rich is better. 

             Attributed to Joe E. Lewis and others

              pickone4me's avatar - 021414tvlies zpsa453b327.jpg
              Wisconsin
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              January 23, 2011
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              Posted: February 15, 2016, 7:47 pm - IP Logged

              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.

              Trump 2016!

                savagegoose's avatar - ProfilePho
                adelaide sa
                Australia
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                April 11, 2006
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                Posted: February 15, 2016, 8:50 pm - IP Logged

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

                2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

                keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

                  MaximumMillions's avatar - Lottery-013.jpg

                  Germany
                  Member #164603
                  March 8, 2015
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                  Posted: February 16, 2016, 12:13 am - IP Logged

                  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.

                    Tialuvslotto's avatar - Jailin
                    Texas
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                    December 31, 2013
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                    Posted: February 16, 2016, 7:49 am - IP Logged

                    Gold, baby!

                    "There is no such thing as luck; only adequate or inadequate preparation to cope with a statistical universe."

                    ~Robert A. Heinlein

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                      February 12, 2016
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                      Posted: February 16, 2016, 11:46 pm - IP Logged

                      Swiss, UK and Canadian Banks.