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What Do You Do With Large Amounts Of Money? (lemm.ee)

submitted 1 year ago by Rocky60@lemm.ee to c/asklemmy@lemmy.ml

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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?

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[-] AProfessional@lemmy.world 6 points 1 year ago* (last edited 1 year ago)

For 100 million you are good but for more realistic amounts of money the value of it just goes down with time so it is a good idea to do something with it.

I think the behavior of hoarding is pretty human and there is a broader failure of inequality.

this post was submitted on 19 Aug 2023

179 points (95.9% liked)

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