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Posted on 8/25/15 at 1:10 pm to Jakesonaplane
quote:evidently not.
It changes everything about this thread as we know it
The fear of death would probably scare me into taking the 5 mil now.
Posted on 8/25/15 at 1:10 pm to OMLandshark
Let me put it this way - assuming you were receiving the money in 6 installments of $1.25M per payment, and you could get the same return on both the lump sum and the installments as they were receieved, you would need to make MORE than 19.85% annually for the lump sum to be a better option. Anything less than that and the installment would be your best bet.
Posted on 8/25/15 at 1:11 pm to meauxjeaux2
Scared of death?
Why? What's to be afraid of? Did you die last?
Why? What's to be afraid of? Did you die last?
Posted on 8/25/15 at 1:12 pm to The Mick
quote:
7.5 MILL paid over 5 years
Posted on 8/25/15 at 1:13 pm to BRgetthenet
quote:i know it's irrational but i just wouldn't want to sit there at my shitty job,working for 5 years knowing how different my life could have been and not even guaranteed to live on this planet another 5 years.
Scared of death?
Why? What's to be afraid of? Did you die last?
Posted on 8/25/15 at 1:13 pm to meauxjeaux2
quote:
5 mil now or 7.5 mil 5 years later?
Not paid over 5 years,you get nothing till the 5 years is up.
5 for sure in that case, I can do better than 8% with that much
Posted on 8/25/15 at 1:13 pm to The Mick
5mm now. Why in the hell would I want to take a pay cut?
Posted on 8/25/15 at 1:14 pm to slackster
Yeah but what if you invest it in bitcoins man?
Posted on 8/25/15 at 1:14 pm to meauxjeaux2
quote:
5 mil now or 7.5 mil 5 years later?
Are you going to take the $5M and make annualized returns of 8.45% or more over the next 5 years? If not, then the deferred payment would still be your better option.
Posted on 8/25/15 at 1:15 pm to lsu480
quote:
5 for sure in that case, I can do better than 8% with that much
Oh really? Where? How?
Posted on 8/25/15 at 1:16 pm to meauxjeaux2
quote:
i know it's irrational but i just wouldn't want to sit there at my shitty job,working for 5 years knowing how different my life could have been and not even guaranteed to live on this planet another 5 years.
If you had $7.5M guaranteed to you in 5 years, you could start living pretty lavioushly immediately with a few banks.
Posted on 8/25/15 at 1:17 pm to meauxjeaux2
In the 7.5/5 scenario, do the payments continue to go to my family if I die? If not, that's the only sensible reason to take the lump sum.
Posted on 8/25/15 at 1:19 pm to shinerfan
quote:no payments. Lump sum bro
n the 7.5/5 scenario, do the payments continue to go to my family if I die? If not, that's the only sensible reason to take the lump sum.
Posted on 8/25/15 at 1:20 pm to slackster
quote:let's not even start discussing the borrowing of money from lending institutions on the premise of getting a large sum of money in 5 years.
If you had $7.5M guaranteed to you in 5 years, you could start living pretty lavioushly immediately with a few banks.
We're not really trying to go there in this thread are we?
This post was edited on 8/25/15 at 1:21 pm
Posted on 8/25/15 at 1:23 pm to shinerfan
quote:
In the 7.5/5 scenario, do the payments continue to go to my family if I die? If not, that's the only sensible reason to take the lump sum.
This is the best point finally made.
Also, who is paying me this annuity and what is their credit rating? Do I need to worry about default and is their ability to pay their debts good enough for me to borrow on my 6.25MM receivable after year 1?
Posted on 8/25/15 at 1:25 pm to meauxjeaux2
quote:Well I would get my master's and get a better job. Earning $60K-70K a year and receiving an additional $128k per month going straight to retirement is pretty sweet. Sign me up.
i know it's irrational but i just wouldn't want to sit there at my shitty job,working for 5 years knowing how different my life could have been and not even guaranteed to live on this planet another 5 years.
Posted on 8/25/15 at 1:26 pm to jrodLSUke
quote:
I love that in his hypothetical, the pretend $5M is guaranteed, but the pretend $7.5M is too risky.
Not sure how you are viewing my statement.
If someone gives me $5 million dollars right now, I have $5 million dollars.
If someone gives me $1.5 million dollars today, and tells me i'll get $1.5 million each year over the next 4 years, then i'm at the mercy of whoever is promising me this money to continue to give me the rest. shite happens. I don't trust people.
This question isn't about financing, it's about trust, if you ask me.
Posted on 8/25/15 at 1:28 pm to The Mick
quote:
$7.5 MILL paid over 5 years
Without a doubt, give me the larger amount.
Posted on 8/25/15 at 1:31 pm to meauxjeaux2
quote:
We're not really trying to go there in this thread are we?
We don't have to go there, but I was addressing your concerns with a solution.
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