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re: If you hit the $900 million jackpot, would you put the lump sum in VTSAX?

Posted on 10/17/18 at 3:29 pm to
Posted by eScott
Member since Oct 2008
11376 posts
Posted on 10/17/18 at 3:29 pm to
NIO
Posted by Peazey
Metry
Member since Apr 2012
25427 posts
Posted on 10/17/18 at 3:30 pm to
frick that. Advisors are just trying to leach that cash. I'd put a large enough share in the lowest risk instrument there is, so like treasuries, to be able to generate $1m a year in interest. You don't have to be sophisticated with the investment when you have that much money. You just have to not lose it all and be as risk averse as possible.

Then I'd spend the rest on hookers and blow.

This post was edited on 10/17/18 at 3:32 pm
Posted by Thib-a-doe Tiger
Member since Nov 2012
36765 posts
Posted on 10/17/18 at 3:33 pm to
quote:

100 million in AAPL
100 million in AMZN
25 million in F
25 million in T




Yeah, and watch them crash right after everyone realizes some dumbass drove the price up by himself and it’s time to take their gainz
Posted by Thib-a-doe Tiger
Member since Nov 2012
36765 posts
Posted on 10/17/18 at 3:34 pm to
quote:

frick that. Advisors are just trying to leach that cash. I'd put a large enough share in the lowest risk instrument there is, so like treasuries, to be able to generate $1m a year in interest. You don't have to be sophisticated with the investment when you have that much money. You just have to not lose it all and be as risk averse as possible.



This shite here is why 9/10 lottery winners are broke
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 10/17/18 at 3:36 pm to
What's the ticker symbol for Hookers and Blow, Inc.?
Posted by InCaliForNow
Member since Mar 2014
554 posts
Posted on 10/17/18 at 3:36 pm to
70:30 equity: fixed

In the equity, 50:50 US:x-US

U.S. - 70% Large Cap passive, 30% Mid and Small (active)
International - 80% Developed (passive) 20% emerging (active)

Put the fixed income in munis.

Withdraw .25% quarterly
Rebalance quarterly
Posted by TigersSEC2010
Warren, Michigan
Member since Jan 2010
38449 posts
Posted on 10/17/18 at 3:37 pm to
If you took the interest from the ~$515 million lump sum received after taxes and earned 0.5% per year, you'd be living on over $2 million per year with just interest.
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
14588 posts
Posted on 10/17/18 at 3:37 pm to
quote:

I'd put a large enough share in the lowest risk instrument there is, so like treasuries, to be able to generate $1m a year in interest. You don't have to be sophisticated with the investment when you have that much money. You just have to not lose it all and be as risk averse as possible.


I would be pretty pissed about my, let’s say $450M after tax, generating just $1M a year. I’d want to create an empire. Be a billionaire.

It would be impossible to run out of money. That would not be a concern.
Posted by Peazey
Metry
Member since Apr 2012
25427 posts
Posted on 10/17/18 at 3:46 pm to
You didn't read that right. I said a portion. Then the rest to hookers and blow.

quote:

It would be impossible to run out of money. 


And this isn't true. You've been proven wrong many times over.

Especially handing reigns over to advisors that you probably can't really trust.
This post was edited on 10/17/18 at 3:48 pm
Posted by Areddishfish
The Wild West
Member since Oct 2015
6538 posts
Posted on 10/17/18 at 3:48 pm to
I'd put it all in the butt
Posted by Peazey
Metry
Member since Apr 2012
25427 posts
Posted on 10/17/18 at 3:49 pm to
If you lose your arse investing in the federal government then there are bigger issues than money.
Posted by Steadyhands
Slightly above I-10
Member since May 2016
7155 posts
Posted on 10/17/18 at 3:53 pm to
quote:

id put it all in tesla


Thought you were only buying one car, for your momma, then spending the rest on pcp.


Mega millions now at 900 million
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
14588 posts
Posted on 10/17/18 at 3:54 pm to
quote:

And this isn't true. You've been proven wrong many times over. Especially handing reigns over to advisors that you probably can't really trust.

The people losing all of their lotto winnings are the ones who win $5M, which turns into $2.5M after taxes. Then they just put it in a bank, don’t invest, and spend it all.

People winning $900M aren’t the ones going broke man..
Posted by ell_13
Member since Apr 2013
88017 posts
Posted on 10/17/18 at 3:58 pm to
quote:

If you took the interest from the ~$515 million lump sum received after taxes and earned 0.5% per year, you'd be living on over $2 million per year with just interest.
Lump sum after ALL taxes is about 298 depending on what you decide to give to charity.

But yeah, 1% yearly return would be 3 million.

Again, I'd rely on advisers. But I would go muni bonds and t bills for tax reasons. Private equity investments for the best growth. A small percentage would be stock market. That's all a guess though based on my conservative style.
Posted by Ricardo
Member since Sep 2016
6488 posts
Posted on 10/17/18 at 4:00 pm to
(no message)
This post was edited on 6/14/20 at 9:37 pm
Posted by JGTiger
Member since Aug 2007
3022 posts
Posted on 10/17/18 at 4:11 pm to
All cash, $10-15m a year. I think I could spend it all before I go.
Posted by Thib-a-doe Tiger
Member since Nov 2012
36765 posts
Posted on 10/17/18 at 4:17 pm to
quote:

If you lose your arse investing in the federal government then there are bigger issues than money.





Put all your money in 30 year t-bills and America goes to shite, good luck selling those


But please, put all of your eggs in the government basket.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 10/17/18 at 4:17 pm to
I'd put it in the always solid investment of hookers and blow
Posted by CelticDog
Member since Apr 2015
42867 posts
Posted on 10/17/18 at 4:20 pm to
quote:

900 million jackpot


they reduce by nearly 1/3rd if you take the cash.
Its only 900 million if you take payments nearly 30 years.

You will see about 400 million after tax, tithe and the reduction for interest.

So in my case. 1/3rd of 400.
Say 135 million, cash.
Splitting with 2 others. I'm in pool.
Posted by Big_Slim
Mogadishu
Member since Apr 2016
3979 posts
Posted on 10/17/18 at 4:20 pm to
quote:

Put all your money in 30 year t-bills and America goes to shite, good luck selling those


But please, put all of your eggs in the government basket.


His point is if that day ever comes, there won’t be a safe investment on the planet. Which by the way is the primary reason one of my first purchases will be a self sufficient apocalypse proof compound.
This post was edited on 10/17/18 at 4:21 pm
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