Powerball jackpot at $400 million - Oops! $1.5 billion - $40 mil

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JEDI

Lifer
Sep 25, 2001
30,160
3,302
126
Give some to people, help others etc etc.

um no... then every freeloader will knock on your door once word gets around.

donate to charity?
they'll sell your name to a mailing list and every shady charity will come looking.
 

rudder

Lifer
Nov 9, 2000
19,441
86
91
Yup. You gave the government money to squander, and you have fuck all to show for it. A beer would have been a better investment.

I play the lottery every once and a while when the jackpot is huge... we all like to dream about hookers and blow.

Although, with the lottery scholarships for my kids in TN I will get back around $48,000.
 

WaTaGuMp

Lifer
May 10, 2001
21,207
2,506
126
um no... then every freeloader will knock on your door once word gets around.

donate to charity?
they'll sell your name to a mailing list and every shady charity will come looking.

You dont think there are already rich people doing these type of things?
 

flexy

Diamond Member
Sep 28, 2001
8,464
155
106
There are some things which amuse me when it comes to lotteries:

A) How it is more enticing for people when there is a "big jackpot", like it matters whether you could potentially win $300M, $400M or $800M. Those who line up because there is a giant jackpot like $800M, those same people do NOT play when there is "only" $300M or $400M to win? HUMAN PSYCHOLOGY..... facepalm ...

B) A Jackpot is actually proof for the poor odds (which, I think are 1:297,000,000), Jackpot by definition means no-one won shit the last draws...so "logically" speaking, the higher the jackpot, the less people should want to play since it shows them how poor the odds and how difficult winning is...

C) The worries about how to invest, say, $800M.

When I'd win $800M, the LAST thing is worrying about how can I invest it. Seeing that the goal of investing is obviously making profit, some return, or in a worst-case scenario keeping the money without it losing value over time.

However, since I already won $800M, why bother pursuing this? The ultimate goal, "to get LOTS of money" is obviously already achieved Maybe that's the crux of the super-ultra-rich, even when someone is getting $800M they need to "worry" how best to invest it...ironic...
 

highland145

Lifer
Oct 12, 2009
43,563
5,966
136
There are some things which amuse me when it comes to lotteries:

A) How it is more enticing for people when there is a "big jackpot", like it matters whether you could potentially win $300M, $400M or $800M. Those who line up because there is a giant jackpot like $800M, those same people do NOT play when there is "only" $300M or $400M to win? HUMAN PSYCHOLOGY..... facepalm ...
But we just can't live on $10M.
B) A Jackpot is actually proof for the poor odds (which, I think are 1:297,000,000), Jackpot by definition means no-one won shit the last draws...so "logically" speaking, the higher the jackpot, the less people should want to play since it shows them how poor the odds and how difficult winning is...
Heh, greeeed.
C) The worries about how to invest, say, $800M.
At $65K/day for 30 years or so,take the annuity and party like it's 1999.
When I'd win $800M, the LAST thing is worrying about how can I invest it. Seeing that the goal of investing is obviously making profit, some return, or in a worst-case scenario keeping the money without it losing value over time.

However, since I already won $800M, why bother pursuing this? The ultimate goal, "to get LOTS of money" is obviously already achieved Maybe that's the crux of the super-ultra-rich, even when someone is getting $800M they need to "worry" how best to invest it...ironic...
Above.
 

dainthomas

Lifer
Dec 7, 2004
14,616
3,471
136
C) The worries about how to invest, say, $800M.

When I'd win $800M, the LAST thing is worrying about how can I invest it. Seeing that the goal of investing is obviously making profit, some return, or in a worst-case scenario keeping the money without it losing value over time.

However, since I already won $800M, why bother pursuing this? The ultimate goal, "to get LOTS of money" is obviously already achieved Maybe that's the crux of the super-ultra-rich, even when someone is getting $800M they need to "worry" how best to invest it...ironic...

This. Who cares at that point? I'd set up a generous trust for my kid, but after that why worry? With that kind of money you could spend something like 50k a day for 40 years before running out. Assuming you stuffed it all in a mattress and were earning no interest at all. Maybe I'll be frugal and limit myself to 30k a day.
 

SSSnail

Lifer
Nov 29, 2006
17,461
82
86
This. Who cares at that point? I'd set up a generous trust for my kid, but after that why worry? With that kind of money you could spend something like 50k a day for 40 years before running out. Assuming you stuffed it all in a mattress and were earning no interest at all. Maybe I'll be frugal and limit myself to 30k a day.

Of course people need to invest their money. After taxes and long lost relatives leeching off you, you're lucky if you have $3.50 to your name. That's why most lottery winners ended up broke after a few years...
 

AznAnarchy99

Lifer
Dec 6, 2004
14,705
117
106
Of course people need to invest their money. After taxes and long lost relatives leeching off you, you're lucky if you have $3.50 to your name. That's why most lottery winners ended up broke after a few years...

I'd probably change my phone number and lock my social media if I won.

I'd buy my extended family a house from the shadows and tell them to figure it out while I go travel the world.
 

dainthomas

Lifer
Dec 7, 2004
14,616
3,471
136
Of course people need to invest their money. After taxes and long lost relatives leeching off you, you're lucky if you have $3.50 to your name. That's why most lottery winners ended up broke after a few years...

I just bought the winner, so I'll let you know how it goes.
 

Imp

Lifer
Feb 8, 2000
18,829
184
106
However, since I already won $800M, why bother pursuing this? The ultimate goal, "to get LOTS of money" is obviously already achieved Maybe that's the crux of the super-ultra-rich, even when someone is getting $800M they need to "worry" how best to invest it...ironic...

But what if they invent eternal life when you're down to your last million... riddle me that!

Seriously, I'd invest it just for the security of knowing that my principal would, ideally, never be touched. And it'd give me an idea of how much I can totally blow on hookers and blow and still be "safe." Why save principal? In case of eternal life, have some left to start a charity, and maybe to pass to family so they can blow it all in one or two generations by being irresponsible pricks.
 

SSSnail

Lifer
Nov 29, 2006
17,461
82
86
If I win, I'd buy me an island and have me a hookers farm in a blow plantation, complete with the blow-trees. Then, I'll create a theme park and call it "The Happiest Place On Earth", and sue Disney for a poor imitation of the phrase. ATOTers get 20% discount when visiting my theme park. Now that's what you call win-win-win.
 

JEDI

Lifer
Sep 25, 2001
30,160
3,302
126
If I win, I'd buy me an island and have me a hookers farm in a blow plantation, complete with the blow-trees. Then, I'll create a theme park and call it "The Happiest Place On Earth", and sue Disney for a poor imitation of the phrase. ATOTers get 20% discount when visiting my theme park. Now that's what you call win-win-win.

doesn't cut it.

this is better:
 

disappoint

Lifer
Dec 7, 2009
10,137
382
126
If all these hookers and blow fanatics are serious it just goes to show you money doesn't buy class.

Read up on the life of one of the biggest Powerball winners so far:
http://www.foxnews.com/us/2016/01/0...ked-fortune-bailing-out-ex-con-boyfriend.html

Yes, I know it's Fox News. Don't jump to conclusions about me for it. That was the first link on Google and I was feeling lucky.

A North Carolina single mom who won a $188 million Powerball jackpot last year pledged to spend it on her kids and church, but so far the biggest beneficiary seems to be "Hot Sauce," her alleged drug dealer boyfriend...
 
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MongGrel

Lifer
Dec 3, 2013
38,751
3,068
121
I could easily live on $10 million myself the rest of my life.

Very happily.

Whoever posted that nonsense earlier.
 

disappoint

Lifer
Dec 7, 2009
10,137
382
126
However, since I already won $800M, why bother pursuing this? The ultimate goal, "to get LOTS of money" is obviously already achieved Maybe that's the crux of the super-ultra-rich, even when someone is getting $800M they need to "worry" how best to invest it...ironic...

That is not the ultimate goal. There is no one ultimate goal. That may be your ultimate goal but it's a well know cognitive bias that everyone thinks like you do. (yes I've read "The 25 Cognitive Biases: Uncovering The Myth of Rational Thinking" It's free on Amazon if you have Kindle Unlimited.)

I wouldn't worry about investing it. I'd play it like a game. Once you have 800M, 1 Billion is within reach. Why not go for it? You'd be one of the few lottery winners that didn't blow it all like an idiot.

Although that 800M will be down to half after taxes. But if you invest it right and make more instead of squandering it think of how many people you could help. A lot of people need help and with that much cash you could make quite a difference in a lot of peoples lives if you know how. With that much cash you could also learn how.
 

dainthomas

Lifer
Dec 7, 2004
14,616
3,471
136

Regs

Lifer
Aug 9, 2002
16,665
21
81
I wonder what the legal implications would be if 100 forum members won and the person holding the actual ticket claimed it wasn't purchased using lottery pool funds?

Intentions leading up to purchase of ticket, course of actions leading up to deal, and so forth. You know this, but we also know it would be a PITA to drag it into court.

We have a pool going in at work. If we did win, whoever possesses the ticket, should be prepared that I will be sleeping with them in the same bed until the cash is divided.
 

Regs

Lifer
Aug 9, 2002
16,665
21
81
The last thing I would even worry about if I won was investing. Stick it in the bank, dont go nuts and live a VERY nice life. Give some to people, help others etc etc.

Treasury bonds yielding 1% could make you over 300k a year. The only way you would lose your investment is if the country went bankrupt in which the US dollar would be hyper inflated anyway where all those millions would be worth pennies.
 

Imp

Lifer
Feb 8, 2000
18,829
184
106
We have a pool going in at work. If we did win, whoever possesses the ticket, should be prepared that I will be sleeping with them in the same bed until the cash is divided.

Pool of 100 people, I'm sure there's a serial killer or two in there, and probably more capable of it.

Treasury bonds yielding 1% could make you over 300k a year. The only way you would lose your investment is if the country went bankrupt in which the US dollar would be hyper inflated anyway where all those millions would be worth pennies.

Current 30 year Treasury Bond is something like 2.95%... and we're at record low interest rates. That's about $3M/$100M. But oh noes, in 24 years, your $3M will only be worth $1.5M!
 
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Bubbleawsome

Diamond Member
Apr 14, 2013
4,833
1,204
146
Those of you that say you don't need to invest $800m, that's a lie. If my $800m can make me $800k a year then I can live off that more than well, but what happens when I want a $20m house, or a $2.7m car, or that $80m private jet? If I had $800m I'd invest it so I could live like the best of the best.
 

Imp

Lifer
Feb 8, 2000
18,829
184
106
Also, don't forget. The real dick measuring contest in the world is net worth.

"Real" rich people talk about their annual income like they talk about the money they made off a Craigslist sale -- or they talk about that one time they made 90% of their net worth...
 
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