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Posted on 8/25/15 at 6:27 pm to The Mick
5 Million now.
I'd buy about 1 metric ton of coke and sell it off gram by gram over 5 years. viola.
I don't know what hypothetical world you're living in but in mine, it's that simple.
I'd buy about 1 metric ton of coke and sell it off gram by gram over 5 years. viola.
I don't know what hypothetical world you're living in but in mine, it's that simple.
Posted on 8/25/15 at 6:33 pm to The Mick
7.5 mill... Id prolly spend $500k the first year on all my debt and a fat arse house
Posted on 8/25/15 at 6:36 pm to The Mick
5 now. With the inflation rate today 7.5 will be worth 5 in 5 years.
Posted on 8/25/15 at 6:51 pm to Placebeaux
quote:Has there been some massive inflation that I'm unaware of?
5 now. With the inflation rate today 7.5 will be worth 5 in 5 years.
This post was edited on 8/25/15 at 6:52 pm
Posted on 8/25/15 at 6:56 pm to buckeye_vol
Jesus there are a lot of stupid people on this board 
Posted on 8/25/15 at 7:00 pm to The Mick
Money board
Posted on 8/25/15 at 7:11 pm to The Mick
The former, the future is never guaranteed.
Posted on 8/25/15 at 7:40 pm to QuietTiger
yup.. i wanted to consider doing the "smarter" thing and take the more money even if paid out longer.. however..
take the 5 million.. asap.. if it's guaranteed now..
and why even need to worry about trying to get to the 7 million.. it's still 5 million. just be wise with it.
the future is not promised. unforeseen can happen. 5 million NOW is absolutely tremendous.
take the 5 million.. asap.. if it's guaranteed now..
and why even need to worry about trying to get to the 7 million.. it's still 5 million. just be wise with it.
the future is not promised. unforeseen can happen. 5 million NOW is absolutely tremendous.
This post was edited on 8/25/15 at 7:42 pm
Posted on 8/25/15 at 7:43 pm to DevinTheDude
This is why lotto winners usually die broke
Posted on 8/25/15 at 8:15 pm to yellowfin
quote:
by yellowfin
This is why lotto winners usually die broke
I'm convinced i would die within a year and all the winnings spent. I would party until my heart gives out.
This post was edited on 8/25/15 at 8:16 pm
Posted on 8/25/15 at 8:17 pm to The Mick
Today as in 8/25/15? Gimme the 5 today and let me buy the 20% dip
Posted on 8/25/15 at 8:26 pm to Boudreaux35
quote:
You'd have to make some real risky and CORRECT investments to get a 50% return over 5 years. Make it 10 or more years and I'd have to think it over a little more.
You would beat that just putting it in the S&P 500.....
Especially how the markets were crushed in the past week
Posted on 8/25/15 at 8:27 pm to Thib-a-doe Tiger
No shite
Posted on 8/25/15 at 8:29 pm to Volvagia
Right? When you receive the $5 mil makes a huge difference. If you got in on March 9, 2009, no way in hell you don't smoke the guy who got paid out over 5 years. You would have ended up with 12-15 mil
This post was edited on 8/25/15 at 8:31 pm
Posted on 8/25/15 at 8:32 pm to LSUfan4444
5 today. I don't like being owed money.
Posted on 8/25/15 at 8:33 pm to Thib-a-doe Tiger
This is nothing like 2009... and no way would you invest the whole 5 mill and leave it in for 5 years, right? 99.999% of people should take the 7.5 over 5. You're getting more. No capital gains tax on the 5 invested.
This post was edited on 8/25/15 at 8:39 pm
Posted on 8/25/15 at 8:36 pm to lsu480
quote:
Taxes on capital gains over a certain amount are almost certainly going to skyrocket after the next election if a lib gets elected so that is the main reason I would take it now.
LOL @ the stupidity of this board.
Where to begin with this nugget of wisdom? Are you trying to avoid making money so that you won't have to pay as much taxes on it? If so, that's obviously brilliant. Are you unaware that gains you make in the future will be at future rates and not based on the rate that existed when you made the investment?
I mean, surely you're not implying that you'd pay capital gains taxes on money that was just given to you out of the blue? That'd be regular income, son.
Posted on 8/25/15 at 8:39 pm to ell_13
Like I said, depends on when it's offered whether you can beat it on not. In 3 days the market dropped around 20%, so now I only need to average 7% a year instead of almost 11 to get back to 7.5 mil, with the chance to do even better than that, a la 2009. There is no situation where I turn down a guaranteed sum today where the annuity payout isn't at least double
This post was edited on 8/25/15 at 8:50 pm
Posted on 8/25/15 at 8:45 pm to Phil A Sheo
quote:
5 now... Would be able to double or triple that in 5 years
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