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re: what major fishing or hunting purchase would you make if you won the powerball tonight?
Posted on 8/23/17 at 11:32 am to Ace Midnight
Posted on 8/23/17 at 11:32 am to Ace Midnight
quote:
In all seriousness, $440 is going to be the cash option on the jackpot (vice annuity), so your after tax income is probably going to be closer to $300 to $320.
But that's still 1/3 of a billion dollars. You take that money to a financial expert. You pay him half a million a year or so to manage it and draw an allowance of between $1 and $1.2 million per month and leave all of the principal to your kids.
That's great-grandchildren elevating money, right there.
No doubt, you would never have to touch the winnings to live an incredible life.
Hell, you could put it in a CD at regions back and bring home $5M interest per year.
This post was edited on 8/23/17 at 11:33 am
0
Posted on 8/23/17 at 11:38 am to redneck
I'd buy a shite ton of marsh and gate it all off.
Posted on 8/23/17 at 11:40 am to redneck
I'd buy a pair of those Banded Black Label Waders, one of those motorized jerk string deals, and a pack of gum. That should account for most of the 400M.
Posted on 8/23/17 at 11:40 am to redneck
Posted on 8/23/17 at 11:44 am to redneck
land
Posted on 8/23/17 at 11:51 am to LoneStarTiger
Land in Illinois, Iowa or Kansas
50+' cat and leave it in the Keys for my trips out to the Tortugas
50+' cat and leave it in the Keys for my trips out to the Tortugas
Posted on 8/23/17 at 11:52 am to redneck
I would tear down and rebuild my camp and deck. Probably make it a 4 bedroom with a large bunkroom.
Posted on 8/23/17 at 11:54 am to LoneStarTiger
You can buy a freshwater lake on the coast in Florida with the all the land around it.... Landwatch
Posted on 8/23/17 at 11:56 am to Geaux23
I want to add. I'd also rent out a phantom and have my driver drop me off in downtown thibodaux
Posted on 8/23/17 at 11:57 am to CHEDBALLZ
Fun fact, the listing agent on that brokered one of the largest land deals in FL between the State and the mormons
Posted on 8/23/17 at 12:00 pm to MorningWood
quote:
Why spend the money on fences? Just use a POSTED sign like the douches in south Louisiana do
Posted on 8/23/17 at 12:50 pm to redneck
I would diversify my holdings.
A place on the Devil's River nice little ranch - deer, audad, some quail and river float fishing
Floating cabin on Baffin
House on stilts in West Galveston Bay - permit has to be grandfathered
Some duck hunting land on Texas coast - Anahuac, Winney, etc
Remote Camp deep in the Atchafalaya Basin
Camp in Venice
Place in the Keys - access to Keys flats and the Glades
An island off Belize or something Caribbean for flats fishing and offshore private island
And of course all of the toys needed to thoroughly enjoy these places.
A place on the Devil's River nice little ranch - deer, audad, some quail and river float fishing
Floating cabin on Baffin
House on stilts in West Galveston Bay - permit has to be grandfathered
Some duck hunting land on Texas coast - Anahuac, Winney, etc
Remote Camp deep in the Atchafalaya Basin
Camp in Venice
Place in the Keys - access to Keys flats and the Glades
An island off Belize or something Caribbean for flats fishing and offshore private island
And of course all of the toys needed to thoroughly enjoy these places.
This post was edited on 8/23/17 at 12:53 pm
Posted on 8/23/17 at 1:45 pm to cheezag03
I'd buy every active OB member a nice bay boat. That's what an OB member will do as well if they win, right?
Posted on 8/23/17 at 2:14 pm to redneck
My first purchase would be hookers and blow.
Posted on 8/23/17 at 2:20 pm to JOJO Hammer
I would buy Lake Okeechobee.
Posted on 8/23/17 at 2:43 pm to redneck
Actually, in Louisiana the net payout would be $310,310,000.00.
Posted on 8/23/17 at 3:02 pm to TBoy
Bucket list fishing trips would be booked immediately including but not limited to Snook and Bonefish on a fly rod. Then I'd buy a bunch of the typical big item purchases
This post was edited on 8/23/17 at 3:04 pm
Posted on 8/23/17 at 3:08 pm to Saskwatch
quote:or just this
I'd purchase a bonefish/flats fishing lodge somewhere.
Posted on 8/23/17 at 3:20 pm to redneck
Posted on 8/23/17 at 3:31 pm to No Colors
quote:
Nope, the OP was correct.
Lump sum tonight is estimated at $700 million.
Not correct,the top of the tickets say
quote:
$700,000,000 Annuity
$443,300,000 Cash
Then you have to pay taxes on the payout, which would bring the take home in Louisiana to ~$254,020,000 If filing jointly.
Not that this matters when playing the "hypothetical game", I was just trying to point this out.
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