ya, i think that's what was called a "haircut" when Cyprus hit the wall...that term haircut seems so innocent, "it'll grow back" they say...another thing that shocked me was in '08, i was conservatively invested, lost $66K; thought ok, no big deal, will deduct from income taxes next yr...NOT SO! govt only allows $3k/yr writeoff, so am STILL writing off that '08 loss, and can only hope to live long enough to get that!!
Do you follow many alternative financial news and information sources online? I've been researching different ways to set up my finances that has a global approach as a lot of western countries are just high tax dead ends.
It will be a "Bail in".... they'll just take your money.
ya, i think that's what was called a "haircut" when Cyprus hit the wall...that term haircut seems so innocent, "it'll grow back" they say...another thing that shocked me was in '08, i was conservatively invested, lost $66K; thought ok, no big deal, will deduct from income taxes next yr...NOT SO! govt only allows $3k/yr writeoff, so am STILL writing off that '08 loss, and can only hope to live long enough to get that!!
Do you follow many alternative financial news and information sources online? I've been researching different ways to set up my finances that has a global approach as a lot of western countries are just high tax dead ends.