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To: gubamyster

Investing might be tough, because banks report cash deposits of $10,000 or more to the government. At some point, someone, somewhere , will start asking questions about where that cash came from.


16 posted on 11/24/2018 9:56:33 AM PST by Dilbert San Diego
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To: Dilbert San Diego
Investing might be tough, because banks report cash deposits of $10,000 or more to the government. At some point, someone, somewhere , will start asking questions about where that cash came from.

A single deposit *might* pass as not being noteworthy. Multiple deposits would set off alarms.

I always wondered what I would do if I found and kept a large amount of money. Just make small to modest cash purchases for the rest of my life?

21 posted on 11/24/2018 10:00:57 AM PST by CatOwner
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To: Dilbert San Diego

Lots of real estate is bought with cash. That could use up a lot of it. But do it gradually.

You could also, over time spread it out in various stock & bond funds. Again, over time, smaller deposits.

Pay off all your debts first.


26 posted on 11/24/2018 10:18:47 AM PST by gubamyster
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To: Dilbert San Diego

One thing you don’t do is display it on your bathtub, start taking selfies & yacking to ANYBODY about it.


29 posted on 11/24/2018 10:20:10 AM PST by gubamyster
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To: Dilbert San Diego

If you have 7.5 million you do not have to worry about investing it anywhere.


43 posted on 11/24/2018 12:01:13 PM PST by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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