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Started By
Message
If you win tomorrow's powerball jackpot, you'd need 433 CD's
Posted on 5/23/17 at 8:56 pm
Posted on 5/23/17 at 8:56 pm
In order to have it all insured by the FDIC, you'd need 433 CD's of $250,000 each with separate banks.
You'd earn $139,824 a MONTH on those CDs assuming a 1.55% rate found on bankrate.com.
This all assumes Louisiana taxes are taken off the top of a single jackpot winning ticket.
That's a lot of OTing one could do.
You'd earn $139,824 a MONTH on those CDs assuming a 1.55% rate found on bankrate.com.
This all assumes Louisiana taxes are taken off the top of a single jackpot winning ticket.
That's a lot of OTing one could do.
26
Posted on 5/23/17 at 8:57 pm to poops_at_parties
Or just put it all in Bitcoin and surpass gates.
Posted on 5/23/17 at 8:57 pm to poops_at_parties
I'll let you know how it works out soon enough.
Posted on 5/23/17 at 8:57 pm to poops_at_parties
Or just throw it all in the stock market and go for a wild ride!
Posted on 5/23/17 at 8:58 pm to poops_at_parties
That's assuming you put the money in a poor people's bank.
Posted on 5/23/17 at 8:58 pm to poops_at_parties
Posted on 5/23/17 at 8:58 pm to poops_at_parties
quote:
You'd earn $139,824 a MONTH
I wouldn't touch it and live off of about $6000-$8000 of that a month..
Posted on 5/23/17 at 8:59 pm to OweO
quote:
I wouldn't touch it and live off of about $6000-$8000 of that a month..
You say that now but you know damn well you'd piss that shite away on women and toys for at least 5 years before calming down a bit.
Posted on 5/23/17 at 9:00 pm to poops_at_parties
You a financial advisor, baw?
Posted on 5/23/17 at 9:01 pm to poops_at_parties
i'd buy a clydesdale from budweiser and ride it everywhere, with no fricks given
Posted on 5/23/17 at 9:01 pm to hombreman9
quote:
You a financial advisor, baw
No. And don't call me "baw".
Posted on 5/23/17 at 9:01 pm to hombreman9
Never used a bank before?
Posted on 5/23/17 at 9:01 pm to FearTheFish
quote:
Or just throw it all in the stock market and go for a wild ride!
Too secure.
Bet it all on red
Posted on 5/23/17 at 9:03 pm to poops_at_parties
quote:quote:
poops_at_parties
No and don't call me "baw."
FIFY, baw.
This post was edited on 5/23/17 at 9:04 pm
Posted on 5/23/17 at 9:03 pm to poops_at_parties
I'd be dead in 18 months
Posted on 5/23/17 at 9:03 pm to OweO
quote:
I wouldn't touch it and live off of about $6000-$8000 of that a month..
What's the point of winning the powerball then? You trying to save money so your future generations of freeloaders can waste their lives away on your winnings?
Posted on 5/23/17 at 9:07 pm to poops_at_parties
quote:
In order to have it all insured by the FDIC, you'd need 433 CD's of $250,000 each with separate banks.
You'd earn $139,824 a MONTH on those CDs assuming a 1.55% rate found on bankrate.com.
You would have to be the dumbest person alive to do this
Posted on 5/23/17 at 9:07 pm to TheIndulger
I was thinking the same thing. Me and my wife make a good bit more than that now. I'm not winning the lottery and taking a step back.
Posted on 5/23/17 at 9:09 pm to poops_at_parties
I'd only need 217 accounts. I trust my wife.
Of course I wouldn't worry about my bank failing and most would be in mutual funds and stocks anyway
Of course I wouldn't worry about my bank failing and most would be in mutual funds and stocks anyway
Posted on 5/23/17 at 9:10 pm to TheIndulger
quote:
What's the point of winning the powerball then? You trying to save money so your future generations of freeloaders can waste their lives away on your winnings?
We aren't here for a long time, just a good time. When it's all over, all you have are the memories. I'm gonna make some damn good ones.
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