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Is it a good idea to diversify this way ?

Discussion in 'BlackHat Lounge' started by 18feb2013, Mar 3, 2013.

  1. 18feb2013

    18feb2013 Newbie

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    Let's say I have some big amount of cold money, is it a good idea to open fixed deposit account at 4 banks each in around 25 countries.

    Is it a good idea ? And would I need to pay tax in the interest earned, supposing I let it compound in it's account.

    Thanks
     
  2. burnett4congress

    burnett4congress Jr. VIP Jr. VIP Premium Member

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    No and it depends on the country.

    In most (all?) countries, you will be losing ground to inflation with bank deposits.

    What is your goal with this money?
     
  3. artizhay

    artizhay BANNED BANNED

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    Just put that in bonds or something similar.