Cartooniverse:
What is an etf ?
ETF = Exchange-Traded Fund. I don’t know much more about them than that.
You could help in out this awsome thread .
Cartooniverse:
The New York State Megamillions was $ 25 million last week. Got me thinkin’.
I win. After taxes, lump sum, etc., I’ve got at least $ 10 million. Bank? Too risky these days. Offshore? Whiff of illegal or sneaky. Geneva? They’re in as bad shape as we are.
Gold ! That’s the ticket. I want to put it all into gold.
Can I? Are there limitations on how much gold bullion an individual person may own? Am I allowed to bury it in the back yard of my childhood friend’s parent’s house in Pennsylvania, or do I have to store it in Fort Knox?
Cartooniverse
Just a quick nitpick. If you take the lump sum you will get about 1/2, or say $12.5 million payout. Then the Federal, state and local taxes will strip away about half of that so you are well below the expected $10 million.
Understood. It was just an example, since I thought of this O.P. when I saw what the jackpot was.
“You mean the stuff you put in water to make soup?”
