Short Takes: Cyprus Cash Grab, Helping Lottery Winners, and more

My posts for this week were

Dice Gambling System
Trying to Beat a Casino

Here are my short takes and some weekend reading.

Potato has a take on what you can or can’t do to avoid a Cyprus-like seizure of your assets by a cash-strapped government. In nations with their own currency, there is a much easier way to take purchasing power away from the masses: just print more money to pay debts. The resulting inflation is the silent killer of wealth.

My Own Advisor thinks the Ontario Lottery and Gaming (OLG) Corporation should help lottery winners get good advice on making their money last. I can’t imagine OLG giving this more than a passing thought unless they think such a program would somehow help drive more lottery sales.

Big Cajun Man says that while money may not buy happiness, debt often brings unhappiness.

Retire Happy Blog has some suggestions for beginning do-it-yourself investors.

The Blunt Bean Counter is descending into another busy tax season but chose to share a few different ideas about taxes and other things before he gets swamped.

 Million Dollar Journey did a net worth update as an April Fools’ post, but I couldn’t find the joke.

Comments

  1. Big Cajun ManApril 5, 2013 at 7:02 AM

    Thanks for the inclusion, hopefully the spring will come and be the nicest day of the year (before Summer appears).

    ReplyDelete
  2. Mark WolfingerApril 5, 2013 at 9:08 AM

    Advising lottery winners is a good idea. The problem comes in choosing who gets to do that.

    This is similar to idea that brand new mothers should be offered some baby-caring education.

    ReplyDelete
  3. My Own AdvisorApril 7, 2013 at 10:42 AM

    Thanks for the mention Michael.

    I suspect if OLG can find a way to make more money, they will. Maybe the fees the advisors charge winners, can be shared with OLG? :)

    ReplyDelete

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