What do the banks offer you if you win a jackpot from the Lotería del Niño?

It is important to note that according to a study carried out in 2018 by the Open University of Catalonia (UOC), approximately 70% of lottery winners end up bankrupt in less than five years. This data highlights the need to act prudently and not rush into making financial decisions. In this sense, ABC recommends searching advice before rushing to enter the prize.

When asked what to do with such a fortune, banks offer different options. Once in contact with the lucky ones, the financial institutions will propose a series of products that you have to know how to value and that depend greatly on the type of investment you wish to make and the type of risk willing to assume. It is also worth taking into account the importance of compare offers between different banks and insurance companies.

What do the banks offer you if you win a jackpot from the El Niño Lottery?

Among the most common options that banks suggest are investment funds. These allow experts in the field to manage money to maximize benefits, although not without certain risks. Here, the crucial decision lies in defining the level of risk that the investor is willing to assume, since this factor will directly influence the potential return and the degree of security of the investment.

Another possibility that banks usually present are pension or retirement plans. While the pension plans Offering less liquidity due to withdrawal restrictions, retirement plans promise greater stability with moderate risk. Furthermore, the tax differences between both plans are notable, with contributions to pension plans being deductible in the tax return.

On the other hand, if someone prefers manage by yourself their own investments, banks offer a wide variety of options such as the purchase of bonds, stocks, cryptocurrencies, public debt, term deposits, index funds and ETFs with automatic rebalancing.