5 ms·

If you put some money in an interest-bearing account you could at least buy a new home when you got back.

• repiret 7y ago
  You know where I can find one of these interest-bearing accounts that can outpace housing cost inflation?
  • fujiters 7y ago
    While not an interest bearing account, investing in an index fund of global stocks should outpace housing. Investing in a REIT should roughly keep pace with housing costs.
• RandomBacon 7y ago
  Better do it in different countries and in different currencies and hope none of them get confiscated or have hyperinflation.
• pcrh 7y ago
  Or maybe a meal at a nice restaurant?
• dragonwriter 7y ago
  > If you put some money in an interest-bearing account you could at least buy a new home when you got back. If you do it in a country that doesn't allow you to be declared legally dead when you are out of contact for a couple centuries, and if the institutions involved don't collapse, and if the interest on the account outpaces inflation, sure. What percentage of the banks that were around 222 years ago have not failed?
  • saganus 7y ago
    From [0] we can see that there are 10 banks founded before 1700 and 24 from 1700 to 1800. So it might not be that far fetched, assuming that the banks keep your accounts open after more than 100 years without use. [0] https://en.wikipedia.org/wiki/List_of_oldest_banks_in_continuous_operation https://en.wikipedia.org/wiki/List_of_oldest_banks_in_contin...
    • perl4ever 7y ago
      10 banks out of how many founded in 300 years?
      • saganus 7y ago
        I don't argue that it's probably a tiny fraction. I was just pointing out that it might be somewhat possible for banks to exist for a span of time big enough for this.
  • swarnie_ 7y ago
    Probably tiny? Lloyds bank founded 1765 Barclays founded 1736 I doubt any banks in the new world are as old.
    • po1nter 7y ago
      Berenberg Bank founded 1590 (429 years ago)
      • nonsapreiche 7y ago
        Monte dei Paschi di Siena 1472 (547 years ago)
        • swarnie_ 7y ago
          So.... All western European then?
  • mhluongo 7y ago
    Bitcoin! :)
    • Can_Not 7y ago
      What if they release Bitcoin 2.0 the year you leave?
  • wahern 7y ago
    That's not the right question, though, because the expected rate of failure isn't constant throughout the lifetime of a bank. See, e.g., https://en.wikipedia.org/wiki/Lindy_effect https://en.wikipedia.org/wiki/Lindy_effect Seems like your best bet would be to park your money with several very old banks: https://en.wikipedia.org/wiki/List_of_oldest_banks_in_continuous_operation https://en.wikipedia.org/wiki/List_of_oldest_banks_in_contin... Also might want to think about purchasing bonds: https://en.wikipedia.org/wiki/List_of_oldest_banks_in_continuous_operation https://en.wikipedia.org/wiki/List_of_oldest_banks_in_contin...
    • wahern 7y ago
      2nd link was supposed to be https://en.wikipedia.org/wiki/Perpetual_bond https://en.wikipedia.org/wiki/Perpetual_bond with information about a bond from 1648 with the issuer still paying annual interest.
  • jtms 7y ago
    As pointed out by other commenters: a non zero number have survived. A small investment made with many different institutions would substantially increase your chances of a massive return upon... return.
• chriswwweb 7y ago
  Not if you have negative interest rates. I heard on the radio that some European banks want to introduce this.