re: Would you take a guaranteed Louisiana lotto jackpot or 1:5 Powerball chance?

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What an absolutely retarded question.

Also this will seem fake, but I wouldn't even want to win 100 million, that's an overwhelming amount of money. You can set yourself up high on the hog 1000 times over, take care of every friend and family member you know, set up your great great great grandkids, buy any and every big toy you can dream up, and still hardly make a dent in it. I wouldn't want that over me

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The question is not nearly as retarded as your answer.

Let's start with the "great great great grandkids" part, assuming everyone has 2 kids on average. You will have 2 kids, 4 grandkids, 8 greats, 16 great greats, and 32 great great greats. That's 64 people counting you and your wife that you need to "set up", and while it can be done with 100 million you will need to handle it wisely. There are plenty of people alive today who are descendants of very wealthy people but don't have jack.

Now about the "every friend and family member you know", bet you have a lot more friends and family once they find out you have $100 million. And what do you call "taking care" of them? $10k? $100k? Anything less than $1 million isn't really "taking care" of someone for their lifetime. Maybe you could "help out" some of the ones who are worse off, instead? Maybe start a college fund for the younger ones or something like that, but $100 million isn't going to last very many extended families all that long.

And I can easily dream up some very expensive "big toys". You might buy a decent yacht for a couple million, and then you're on the hook for a couple hundred thousand in docking, maintenance, etc. per year. A private plane might be similar.



Basically you're thinking like someone who came into a bunch of money rather than someone who earned it. And I know that's the question, but that's why so many lottery winners go broke. Don't think about what you would do with the money, think about what the money can do for you. You could passively invest it all and live quite nicely on the dividends. Or you could invest more actively and make a lot more and be less bored. Just don't give it all away, because you will do a lot more than make a dent that way, you will lose it all.