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Started By
Message
re: Powerball is back up to $1 billion annuity ($433.1 million cash) drawing tonight
Posted on 8/12/26 at 3:47 pm to SparkyWilson
Posted on 8/12/26 at 3:47 pm to SparkyWilson
quote:
Yes, I am aware of the odds and what buying a ticket entails as I'm sure most on this board are.
You already know that you’re an idiot. Yet, you continue to voluntarily contribute to government. You do know that you can just send money directly to the IRS.
Posted on 8/12/26 at 4:20 pm to TDsngumbo
quote:I know your culture emphasizes seeking momentary and fleeting happiness rather than investing in your future, but try not to give into the moment.quote:Oh for fricks sake man...
If you had invested $3 per week into QQQ over the past 20 years, your portfolio would be worth approximately $17,175 today.
Rise above your culture.
Think ahead. Plan for tomorrow.
Posted on 8/12/26 at 4:33 pm to The Pirate King
HOA? If I won that, nobody would be living within 4 miles of me except family.
Posted on 8/12/26 at 4:36 pm to Bamafig
quote:
You already know that you’re an idiot. Yet, you continue to voluntarily contribute to government. You do know that you can just send money directly to the IRS.
I'm cutting you out of any share my winnings because you've hurt my feelings.
Posted on 8/12/26 at 4:56 pm to Bamafig
quote:
You already know that you’re an idiot. Yet, you continue to voluntarily contribute to government. You do know that you can just send money directly to the IRS.
Sorry you can't afford to drop $10-$20 a couple of times a year. I'm sure there are plenty of us on the OT who could help you out if you're struggling
Posted on 8/12/26 at 6:01 pm to lsu777
quote:
they won "millions" but took the cash and paid taxes. almost all the cases of people going broke is when they took home under 5 million and tried to live like they were worth 100 mi
That’s true. I don’t know for fact but you’re probably right that the giant Powerball winners don’t often blow their fortune. I’d like to try though.
Posted on 8/12/26 at 6:04 pm to The Pirate King
pisses me off that their publicity goes by a total that is the sum of the payments with no discounting for the time value of money nor reduction for taxes due.
That is a government sponsored lie. Nobody is winning a billion dollars
That is a government sponsored lie. Nobody is winning a billion dollars
Posted on 8/12/26 at 6:29 pm to Salviati
quote:
If you had invested $3 per week into QQQ over the past 20 years, your portfolio would be worth approximately $17,175 today.
Or I could have 1 billion in 20 years after I win tonight and dutifully invest my winnings
Posted on 8/12/26 at 6:36 pm to The Pirate King
Might buy a ticket
If I win, I will doxx myself.
If I win, I will doxx myself.
This post was edited on 8/12/26 at 6:37 pm
Posted on 8/12/26 at 6:42 pm to CWilken21
quote:
People aren't gonna mob you at the airport.
It’s not about being mobbed, more so dealing with the general public.
If I won that money I would enjoy the fact that I don’t need to be around the general public unless necessary.
Posted on 8/12/26 at 6:46 pm to TDsngumbo
quote:
I’m trading her in.
It would be cheaper to keep her, buy a “vacation” property in another city across the country, a private jet and have a mistress there, than to divorce her then.
This post was edited on 8/12/26 at 6:47 pm
Posted on 8/12/26 at 7:02 pm to The Pirate King
The$433.1 million is the after taxes. So Put $300 million in income generating/balanced allocated securities/accounts. At 4% withdrawal that is a million a month. With the other $133.1 use some with the goals to find a business to buy that you can set up a solo/401k and cash balance plan to deduct high amounts of generated income/revenue. Probably easiest would be multi-unit investment properties like luxury apartments or something like that. Can use the cash flow to move money in to qualified tax deferred accounts plus using depreciation schedule. Then the rest in to growth investments and let those ride/grow long term.
I honestly would probably only do like $100 million in fixed and withdraw from growth equities during growth markets and the fixed during down markets giving 10 years of income, giving the equities time to rebound. But the $300 million is for the undisciplined person really.
I honestly would probably only do like $100 million in fixed and withdraw from growth equities during growth markets and the fixed during down markets giving 10 years of income, giving the equities time to rebound. But the $300 million is for the undisciplined person really.
This post was edited on 8/12/26 at 7:04 pm
Posted on 8/12/26 at 7:05 pm to fightin tigers
quote:
Managing a billion dollars or 500MM even is a full time job for several people.
No. It really isn’t.
Posted on 8/12/26 at 7:37 pm to fightin tigers
quote:
I think Mark Cuban made the point that most people should be doing this when the number gets that huge.
I don’t trust the government or even the annuity provider for that long of a time.
Who knows what’s happening in this country in 20 years.
Posted on 8/12/26 at 7:39 pm to The Pirate King
I'd probably be the only person to take the 30 year payout. Even though I won't live probably half that long, it would be designated to my kids after I die.
Posted on 8/12/26 at 7:43 pm to The Pirate King
If I win I'm buying this place from Chicken and changing is babe to BulldogDroppings
This post was edited on 8/12/26 at 7:44 pm
Posted on 8/12/26 at 9:24 pm to lsu777
quote:
its like you have little concept of how interest works.
you could go blow $50 million right off the bat. buy couple houses, yacht etc and take the 200 million, invest it and get 5%, get over 800k per month without ever touching the principle.
hell at 4%(which you can get guaranteed with 200 million, you could get 667k PER MONTH while never touching the principle.
that is enough to travel when, wherever, however and buy pretty much whatever you want while doing so.
the only way to spend that type of money is to give away 10s of millions.
you are out your mind
This is what I would do. Say I got $260 million in cash after taxes. Take $60 million and do what I want with it. Buy the multi-million dollar house. Build a wonderful cabin in the woods. Buy a sports car. Buy a private jet.
After that initial buying spree, set up some trusts for my family. Probably give my mom $10 million. Give my sister and brother-in-law $2.5 million each. Put $1 million aside in a trust for both of my nieces.
The remaining $200 million, I park it in a safe boring investment that gets me 4-5% return a year and literally live off that without touching the principal. When would get older, maybe take $100 million of that out to start spending and then still having the 4-5% return on the remaining $100 million. That $100 million, I would just pass along to family when I pass away and help them create generational wealth.
This post was edited on 8/12/26 at 9:25 pm
Posted on 8/12/26 at 9:28 pm to prplhze2000
“I’d go for the annuity”
I wonder how safe that is.I suppose the lottery buys an annuity from an insurance company with the winner as the beneficiary.I’s be afraid the insurance company would go broke or get bought out and new owner would stiff me.
I think I’d take the lump sum.
Doesn’t matter,I haven’t bought a lottery ticket in years.
I wonder how safe that is.I suppose the lottery buys an annuity from an insurance company with the winner as the beneficiary.I’s be afraid the insurance company would go broke or get bought out and new owner would stiff me.
I think I’d take the lump sum.
Doesn’t matter,I haven’t bought a lottery ticket in years.
Posted on 8/13/26 at 12:37 am to Salviati
I invest $1,700 monthly, baw.
Posted on 8/13/26 at 12:44 am to TDsngumbo
I didn’t win. Guess I gotta go to work tomorrow..
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