World's most unhappy lottery winner

[WaTaGuMp]

Originally posted by: Marlin1975

Originally posted by: JS80

Originally posted by: Marlin1975

Originally posted by: JS80

Originally posted by: WaTaGuMp

Originally posted by: sygyzy
I wouldn't tell anyone I won, even my family.

Its kinda hard to hide it if its a really big win and the media get involved.

Anonymous trust FTW.

I think the rules say your name is listed as a trust/company/etc... can't claim it.

But if I was holding the check I would say if you have not spoke to me in 30days then don;t start now.

Anybody I would give money to I talk to at least once a month. Mom/Dad, some in-laws, booboo(grandmother), etc... Everybody else keep walking.

Anonymous trust FTL.

Yea I think it was NC said you can talk to the press when you claim your prize or they will get your name since it is a Gov. open info type thing and then have them hound you.

Sorry WaTaGuMp, I play the lottery maybe 5 times a year and even then not on the really big one. Odds are just way to bad. I am up about $80 this year though.

You play more then I do, I agree 100% the odds are just too horrible.

 

[zerocool84]

Originally posted by: silverpig

Originally posted by: halik
That's what happens when you give idiots money. They should just make a rule that if you can't pass a basic personal finance test, you have to take the payment plan.

If someone gave me $16M net of tax, I don't think I'd have to work for the rest of my life.
Shit I'm up 23% '08 and ~16% YTD with just contrarian equity plays... MVE optimized portfolio with some ~25% actively managed allocation (5% by meself) should yield good 10% annually... I'd be set for life.

A lot of people do take the payment plan, then sell it to a company for a lump sum payment.

It'd be better to take a lump sum cus you can either invest it or just put it in many different high yield savings than just get the payments and not getting any interest on any of it.

 

[frostedflakes]

Wow, lol. That guy sucks pretty hard at life.

 

[Vette73]

Here ya go JS80...

http://www.nc-educationlottery.org/faqs.aspx#36

Q: If I should win a large top prize, do I have the option of remaining anonymous with regard to the media and the public?
A: The NCEL will consider a winner?s name, city/county, and the prize amount a matter of public record, unless the winner produces a valid protective order or Address Confidentiality Program authorization card.

 

[Tweak155]

My gpa-in-law won the lottery some time ago (maybe close to a decade now?). I don't think he has had any problems... just travels a lot now. Fun guy.

 

[halik]

Originally posted by: silverpig

Originally posted by: halik
That's what happens when you give idiots money. They should just make a rule that if you can't pass a basic personal finance test, you have to take the payment plan.

If someone gave me $16M net of tax, I don't think I'd have to work for the rest of my life.
Shit I'm up 23% '08 and ~16% YTD with just contrarian equity plays... MVE optimized portfolio with some ~25% actively managed allocation (5% by meself) should yield good 10% annually... I'd be set for life.

A lot of people do take the payment plan, then sell it to a company for a lump sum payment.

Yeah,
but you might as well tattoo stupid on your forehead. The discount rate the lotto uses will be lower than third party securitization.

 

[mundane]

I imagine that the type of people more likely to win (compulsive gamblers, or at least susceptibility to compulsive behaviors) aren't well suited for managing money in the first place.

 

[Eli]

Originally posted by: zerocool84

Originally posted by: silverpig

Originally posted by: halik
That's what happens when you give idiots money. They should just make a rule that if you can't pass a basic personal finance test, you have to take the payment plan.

If someone gave me $16M net of tax, I don't think I'd have to work for the rest of my life.
Shit I'm up 23% '08 and ~16% YTD with just contrarian equity plays... MVE optimized portfolio with some ~25% actively managed allocation (5% by meself) should yield good 10% annually... I'd be set for life.

A lot of people do take the payment plan, then sell it to a company for a lump sum payment.

It'd be better to take a lump sum cus you can either invest it or just put it in many different high yield savings than just get the payments and not getting any interest on any of it.

It'd be interesting to do the math. Taking the lump sum really cuts into your winnings.

With a 16mil jackpot, you would get a 5.5mil lump sum after taxes. Or you could take ~$367,000 a year for 30 years, which is over 11 million.

 

[lxskllr]

I'd take the payments and never work again in my my life. If you can't live well off of $150,000+/- per year(after taxes), you're just too greedy.

 

[slayer202]

Originally posted by: Marlin1975
Here ya go JS80...

http://www.nc-educationlottery.org/faqs.aspx#36

Q: If I should win a large top prize, do I have the option of remaining anonymous with regard to the media and the public?
A: The NCEL will consider a winner?s name, city/county, and the prize amount a matter of public record, unless the winner produces a valid protective order or Address Confidentiality Program authorization card.

last month when there was a big powerball jackpot I was looking on their website and a good amount of the big prizes were claimed by various law? firms. They were all LLC companies with names like JFH, FJS, all 3 letter initials lol. weird

 

[frostedflakes]

Originally posted by: lxskllr
I'd take the payments and never work again in my my life. If you can't live well off of $150,000+/- per year(after taxes), you're just too greedy.

No kidding, you could live *very* comfortably off the annual payments. Then again I'm a pretty simple guy, I don't need yachts, planes, mansions, or anything like that.

 

[Vette73]

Originally posted by: Eli

Originally posted by: zerocool84

Originally posted by: silverpig

Originally posted by: halik
That's what happens when you give idiots money. They should just make a rule that if you can't pass a basic personal finance test, you have to take the payment plan.

If someone gave me $16M net of tax, I don't think I'd have to work for the rest of my life.
Shit I'm up 23% '08 and ~16% YTD with just contrarian equity plays... MVE optimized portfolio with some ~25% actively managed allocation (5% by meself) should yield good 10% annually... I'd be set for life.

A lot of people do take the payment plan, then sell it to a company for a lump sum payment.

It'd be better to take a lump sum cus you can either invest it or just put it in many different high yield savings than just get the payments and not getting any interest on any of it.

It'd be interesting to do the math. Taking the lump sum really cuts into your winnings.

With a 16mil jackpot, you would get a 5.5mil lump sum after taxes. Or you could take ~$367,000 a year for 30 years, which is over 11 million.

5million at 5% over 30years is over 21million.

Always better to take the lump sum unless you really can;t trust yourself and even then you can sell the annuity.

 

[hiromizu]

I have a crazy ex who'd claim that her baby is mine and will do anything to get a piece. Nightmares..shivers.

 

[jpeyton]

The simple fact is that a large majority of the population simply doesn't know how to manage money.

A look at the huge amount of consumer debt our country carries would tell you that.

We spend like there's no tomorrow, even when we don't have money. When we come across a windfall, we spend even faster.

 

[Zee]

Originally posted by: amdhunter

Originally posted by: JulesMaximus
Yup, being rich sucks.

Tell me about it. Sometimes I wish I didn't have so much money.

yeah i hear ya. sometimes it's just easier to have only 100's in my wallet and tell people to just keep the change when I buy things.

 

[chuckywang]

Originally posted by: Marlin1975

Originally posted by: Eli

Originally posted by: zerocool84

Originally posted by: silverpig

Originally posted by: halik
That's what happens when you give idiots money. They should just make a rule that if you can't pass a basic personal finance test, you have to take the payment plan.

If someone gave me $16M net of tax, I don't think I'd have to work for the rest of my life.
Shit I'm up 23% '08 and ~16% YTD with just contrarian equity plays... MVE optimized portfolio with some ~25% actively managed allocation (5% by meself) should yield good 10% annually... I'd be set for life.

A lot of people do take the payment plan, then sell it to a company for a lump sum payment.

It'd be better to take a lump sum cus you can either invest it or just put it in many different high yield savings than just get the payments and not getting any interest on any of it.

It'd be interesting to do the math. Taking the lump sum really cuts into your winnings.

With a 16mil jackpot, you would get a 5.5mil lump sum after taxes. Or you could take ~$367,000 a year for 30 years, which is over 11 million.

5million at 5% over 30years is over 21million.

Always better to take the lump sum unless you really can;t trust yourself and even then you can sell the annuity.

Do you have a surefire way to make 5% annually?

 

[MotF Bane]

I'd tell my parents the truth, not sure how I'd explain to my friends why I'm dropping out of college with a nice car and a house on a lake somewhere.

 

[OCGuy]

Originally posted by: jpeyton

We spend like there's no tomorrow, even when we don't have money. When we come across a windfall, we spend even faster.

Seriously man, keep the Obama stuff in P&N.

 

[sandorski]

Damn. Up here Lotto winnings are Tax Free, so it would be $16million. That said, even $5million(amount mentioned by someone else) after Lump Sum/Taxes will keep anyone Housed/Autod/Clothed/Fed and much more for a very long time. Even without Investing.

I think people don't really comprehend the amount of their Winnings. It is so far beyond what they are used to that they mistake it for $Infinite. Of course it doesn't help if you have a Spouse bail on you with a large portion of it, but even then(assume 50% or $2.5million left over) that should provide the Basics plus extras for a lifetime.

 

[WaTaGuMp]

My first call if I won the lottery would be to a friend I know who is a financial planner. Ok maybe not the VERY first.

 

[Kev]

He is the biggest deadbeat loser I've ever heard of in my life.

 

[WaTaGuMp]

Originally posted by: Kev
He is the biggest deadbeat loser I've ever heard of in my life.

Bigger then zanejohnson?

 

[I Saw OJ]

The guy is a fuckin idiot.

 

[MotF Bane]

Originally posted by: WaTaGuMp

Originally posted by: Kev
He is the biggest deadbeat loser I've ever heard of in my life.

Bigger then zanejohnson?

Not possible.

 

[coldmeat]

Reminds me of Jack Whittaker.