Suppose you win 100 million. What do you actually do with it? Banks only guarantee 250,000. Do you have to invest it? Is there anywhere you can just let it sit and draw interest?
Suppose you win 100 million. What do you actually do with it? Banks only guarantee 250,000. Do you have to invest it? Is there anywhere you can just let it sit and draw interest?
investment opportunities are endless really. I’d buy real estate & develop it for resale - relatively easy profits there. US FDIC only insures up to 250k per account, but there are other country’s banks out there - the Swiss banking system was a popular choice in the past but I’ve heard that the Cayman Island banking system is good as well. invest in tech - small businesses, as a few tens of millions isnt going to go that far, but 100 mil is good seed capital.
or, shit, just retire on it & pass the remains to your descendants.
deleted by creator
You can also gift something like 12 million in your lifetime tax free, so pass on as much as you can, to your family that way, before you die.
If you don’t keep all your money in 1 bank accounts the FDIC insurance will cover it. Iirc it’s either 250k per account, or maybe it was per person, per institution.