Lottery winning question

[Joan.of.the.Arch]

Well, pick a few and start learning about them. But money and avoidance of taxes is not everything in life, is it?

These are the countries that the Organisation for Economic Co-operation and Development (OECD) has defined as developing:

• Afghanistan
• Albania
• Algeria
• Angola
• Antigua and Barbuda
• Argentina
• Armenia
• Azerbaijan
• Bangladesh
• Belarus
• Belize
• Benin
• Bhutan
• Bolivia (Plurinational State of)
• Bosnia and Herzegovina
• Botswana
• Brazil
• Burkina Faso
• Burundi
• Cambodia
• Cameroon
• Cape Verde
• Central African Republic
• Chad
• China
• Colombia
• Comoros
• Congo (Republic of, Brazzaville)
• Congo, (The Democratic Republic of the)
• Costa Rica
• Côte d’ivoire (Ivory Coast)
• Cuba
• Djibouti
• Dominica
• Dominican Republic
• Ecuador
• Egypt
• El Salvador
• Eritrea
• Eswatini (Swaziland)
• Ethiopia
• Fiji
• Gabon
• Gambia
• Georgia
• Ghana
• Grenada
• Guatemala
• Guinea
• Guinea-Bissau
• Guyana
• Haiti
• Honduras
• India
• Indonesia
• Iran
• Iraq
• Jamaica
• Jordan
• Kazakhstan
• Kenya
• Kiribati
• Korea (Democratic People’s Republic of)
• Kosovo
• Kyrgyzstan
• Lao People’s Democratic Republic (Laos)
• Lebanon
• Lesotho
• Liberia
• Libya
• Madagascar
• Malawi
• Malaysia
• Maldives
• Mali
• Marshall Islands
• Mauritania
• Mauritius
• Mexico
• Micronesia
• Moldova (Republic of)
• Mongolia
• Montenegro
• Montserrat
• Morocco
• Mozambique
• Myanmar
• Namibia
• Nauru
• Nepal
• Nicaragua
• Niger
• Nigeria
• Niue
• North Macedonia
• Pakistan
• Palau
• Palestine
• Panama
• Papua New Guinea
• Paraguay
• Peru
• Philippines
• Rwanda
• Saint Helena, Ascension and Tristan da Cunha
• Saint Lucia
• Saint Vincent and The Grenadines
• Samoa
• Sao Tome and Principe
• Senegal
• Serbia
• Sierra Leone
• Solomon Islands
• Somalia
• South Africa
• South Sudan
• Sri Lanka
• Sudan
• Suriname
• Swaziland
• Syrian Arab Republic (Syria)
• Tajikistan
• Tanzania (United Republic of)
• Thailand
• Timor-Leste (East Timor)
• Togo
• Tokelau
• Tonga
• Tunisia
• Turkey
• Turkmenistan
• Tuvalu
• Uganda
• Ukraine
• Uzbekistan
• Vanuatu
• Venezuela (Bolivarian Republic of)
• Vietnam
• Wallis and Futuna Islands
• West Bank & Gaza
• Yemen
• Zambia
• Zimbabwe

[disneysteve]

An annual return of 5%, but on what kind of investment product? Would a high income earner be given the same advice as a lottery winner with the same amount of money?

There are CDs and bonds that pay 5% guaranteed.

Why do you keep asking about high income earners vs. lottery winners? What difference does that make?

I'd say the advice would not be the same because the high income earner has an ongoing source of income. The lottery winner has a one-time windfall to manage with no future earnings to deal with.

[disneysteve]

What if they wanted to take some of the money out of fidelity? Would their money continue to grow?

Yes, that's how investments work. Whatever money is left invested keeps earning but whatever you pull out and spend obviously doesn't.

Let's say you put $1,000 in your bank account and it pays 3% interest. If a month later you take out $100, you'll now be earning interest on $900 instead of $1,000.

[myrdale]

This whole thing reeks of spam (prove otherwise!).

The chances that the back story is legit, are about as good as winning the lottery in the first place, but heck who knows.

Our only options (as users) are flag, ignore, or reply. Personally I try to take them at face value, but I will reply with quotes. If nothing else it gives you a chance to see if they change the post.

One positive to replying to their post is it might answer someone else's question in the future.

[disneysteve]

The chances that the back story is legit, are about as good as winning the lottery in the first place, but heck who knows.

Our only options (as users) are flag, ignore, or reply. Personally I try to take them at face value, but I will reply with quotes. If nothing else it gives you a chance to see if they change the post.

One positive to replying to their post is it might answer someone else's question in the future.

I have a pretty good "spam detector" sense, but as a moderator, I always give the poster the benefit of the doubt until the spam actually appears. One thing that we see here often is a new person posting something and then going back days or weeks later and editing their post to add the spam link, but in those cases, they typically only make 1 or 2 posts and then disappear. They don't engage in ongoing conversation as is happening here, so who knows. Maybe it's legit.