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Posted: 1/22/2021 8:18:10 PM EDT
[#1]
Quote HistoryQuoted: Any reason why people go crazy for billions and not 10s of millions. Was at the 711 today girl bought 20 mega millions and 5 or some other thing. I don't get why people get excited for the super jackpots when the regular one would be adequate. Moar is always better. This is a fact. |
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Posted: 1/22/2021 8:19:02 PM EDT
[#2]
I got my tickets! I just called my boss and told him what an asshole he is and that I quit!
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Posted: 1/22/2021 8:19:14 PM EDT
[#3]
Quote HistoryQuoted: Hostile takeover of Tesla if I win.  Lol. Elon would fuck your shit up so bad.
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Posted: 1/22/2021 8:21:33 PM EDT
[#4]
Quote HistoryQuoted: I'd buy $200 million in BTC. Open a long then buy $200 million more.  Attached File |
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Posted: 1/22/2021 8:23:05 PM EDT
[#5]
Come home to mother.
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Posted: 1/22/2021 8:25:34 PM EDT
[#6]
Quote HistoryQuoted: I'd buy $200 million in BTC. Open a long then buy $200 million more. I like you, no homo. |
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Posted: 1/22/2021 8:25:56 PM EDT
[#7]
Quote HistoryQuoted: Less confusing than following a comment thread is to you. I was responding to 338winmag. |
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Posted: 1/22/2021 8:27:38 PM EDT
[#8]
I bought three tickets today.
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Posted: 1/22/2021 8:37:28 PM EDT
[#9]
The line was long at the store. I got beer and a ticket, I'm feeling pretty good about my chances.
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Posted: 1/22/2021 8:40:18 PM EDT
[#10]
$200 Mil to set aside. The rest to buy politicians and form a private army.
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Posted: 1/22/2021 8:53:45 PM EDT
[#11]
Quote HistoryQuoted: I believe that you are incorrect. Think of it this way. 1 in 100 chance of winning $10 on a one dollar bet is not "worth" playing, because of the house edge. However, 1 in 10 chance of winning $10 on a one dollar bet is "worth" playing, because the house has no edge. It's only when the multistate lottery jackpots get this high that are worth playing. Odds are 1 in 300M for $2.00 while the cash payout is $700M. No house edge. Yes, the caveat is the possibility of multiple winners. Quote HistoryQuoted: Quoted: Quoted: Only $739 million cash? Almost not even worth playing... It is absolutely not "worth" playing. Think of it this way. 1 in 100 chance of winning $10 on a one dollar bet is not "worth" playing, because of the house edge. However, 1 in 10 chance of winning $10 on a one dollar bet is "worth" playing, because the house has no edge. It's only when the multistate lottery jackpots get this high that are worth playing. Odds are 1 in 300M for $2.00 while the cash payout is $700M. No house edge. Yes, the caveat is the possibility of multiple winners. There was a group that studied this topic and found that the odds of multiple winners increased enough during big jackpots that the lottery NEVER gets to the point of a positive expected value. |
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Posted: 1/22/2021 8:55:40 PM EDT
[#12]
Quote HistoryQuoted: Any reason why people go crazy for billions and not 10s of millions. Was at the 711 today girl bought 20 mega millions and 5 or some other thing. I don't get why people get excited for the super jackpots when the regular one would be adequate. I'm not willing to light money on fire on a weekly basis so I only buy a ticket when the jackpot becomes newsworthy. |
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Posted: 1/22/2021 8:56:52 PM EDT
[#13]
Quote HistoryQuoted: Hostile takeover of Tesla if I win. LOL, you couldn't even afford a tenth of percent of the company on this win. |
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Posted: 1/22/2021 8:58:36 PM EDT
[#14]
If I win the jackpot I will do what that one post said to do about attorneys, financial planning, and setting up trusts and LLC's to manage the money, as well as to figure out beneficaries and charitable contributions. Then I am running for Senate!
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Posted: 1/22/2021 8:59:17 PM EDT
[#15]
Quote HistoryQuoted: I'm not willing to light money on fire on a weekly basis so I only buy a ticket when the jackpot becomes newsworthy. Quote HistoryQuoted: Quoted: Any reason why people go crazy for billions and not 10s of millions. Was at the 711 today girl bought 20 mega millions and 5 or some other thing. I don't get why people get excited for the super jackpots when the regular one would be adequate. I'm not willing to light money on fire on a weekly basis so I only buy a ticket when the jackpot becomes newsworthy. Pretty much my answer. I wouldn't not be happy to win $20M but simply don't even bother til its ridiculous as the odds don't change regardless I believe |
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Posted: 1/22/2021 9:00:23 PM EDT
[#16]
Quote HistoryQuoted: Well if you spent it all on Bitcoin that would drive the price up to probably double over night and then you sell the next day. So 24 hours. Quote HistoryQuoted: Quoted: Let's say that you actually won the Mega Millions jackpot. It's $1 BILLION dollars. Except that's for the annuity option. If you take the lump sum pay out it's only a measly $739.6 million dollars. I mean after taxes that's only a shade over a half billion dollars. In Oklahoma, at 4% withholding, and with the Federal withholding of 25%, that's like a paltry $525 million. If you invested every single penny, and didn't spend any of it on anything, how long would it take to increase that to a full billion? And what types of investment would bring the fastest increase to 1 billion? Well if you spent it all on Bitcoin that would drive the price up to probably double over night and then you sell the next day. So 24 hours. You are significantly underestimating the market cap of Bitcoin. A $500M influx would be a tiny blip. The total market for crypto is near a trillion dollars. That's a million millions. |
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Posted: 1/22/2021 9:01:05 PM EDT
[#17]
Quote HistoryQuoted: I'm not willing to light money on fire on a weekly basis so I only buy a ticket when the jackpot becomes newsworthy. I never |
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Posted: 1/22/2021 9:02:17 PM EDT
[#18]
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Posted: 1/22/2021 9:15:28 PM EDT
[#19]
I spent $20. My chances are just as good as the lucky bastard in shitty little Narcanistan, MD that won the $731 million Powerball this week.
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Posted: 1/22/2021 9:20:23 PM EDT
[#20]
Hmmm, what to do, what to do ...
https://www.landsofamerica.com/United-States/ranches/sort-price-high/ |
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Posted: 1/22/2021 9:23:30 PM EDT
[#21]
Might be able to buy a case of 5.56....Might have enough leftover for two chicks at the same time.
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Posted: 1/22/2021 9:31:22 PM EDT
[#22]
Would 500 mil be enough to buy the presidency ?
I think Beltedstrasse would make a fine POTUS. |
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Posted: 1/22/2021 9:37:22 PM EDT
[#23]
Quote HistoryQuoted: Gotta be in it to win it. When I win it, I’ll host arfcom Thank you for your service. |
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Posted: 1/22/2021 9:39:06 PM EDT
[#24]
Quote HistoryMaybe that bill could buy you some taste, all three of those things are hideous beyond words
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Posted: 1/22/2021 9:43:51 PM EDT
[#25]
Quote HistoryQuoted: Math, it's hard. Someone doesn't get sarcasm |
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Posted: 1/22/2021 9:59:47 PM EDT
[#26]
I would buy the NRA, fire Wayne and the cat lady and put some real people in who give a shit about our rights. Then I would pocket the rest.
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Posted: 1/22/2021 10:03:10 PM EDT
[#27]
Quote HistoryQuoted: on a soft ROI in an index fund https://www.ar15.com/media/mediaFiles/261730/123_PNG-1791871.JPG If I remember Austrian(?)'s lottery thread, he recommended: 20% in trust for family events 20% in long term US treasuries 50% in an S&P 500 index fund 10% in cash (hookers and blow money) Can someone really drop $220+ million into an index fund in one shot? |
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Posted: 1/22/2021 10:04:21 PM EDT
[#28]
Quote HistoryQuoted: I would buy the NRA, fire Wayne and the cat lady and put some real people in who give a shit about our rights. Then I would pocket the rest. While you're at it, give the Competitions Division to the CMP. |
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Posted: 1/23/2021 10:53:20 AM EDT
[#29]
Quote HistoryQuoted: You are significantly underestimating the market cap of Bitcoin. A $500M influx would be a tiny blip. The total market for crypto is near a trillion dollars. That's a million millions. Quote HistoryQuoted: Quoted: Quoted: Let's say that you actually won the Mega Millions jackpot. It's $1 BILLION dollars. Except that's for the annuity option. If you take the lump sum pay out it's only a measly $739.6 million dollars. I mean after taxes that's only a shade over a half billion dollars. In Oklahoma, at 4% withholding, and with the Federal withholding of 25%, that's like a paltry $525 million. If you invested every single penny, and didn't spend any of it on anything, how long would it take to increase that to a full billion? And what types of investment would bring the fastest increase to 1 billion? Well if you spent it all on Bitcoin that would drive the price up to probably double over night and then you sell the next day. So 24 hours. You are significantly underestimating the market cap of Bitcoin. A $500M influx would be a tiny blip. The total market for crypto is near a trillion dollars. That's a million millions. You are significantly underestimating the joke. 
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Posted: 1/23/2021 10:56:17 AM EDT
[#30]
Wait wait wait, you mean to tell me that there are ARFCOM'rs who aren't even billionaires??!
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Posted: 1/23/2021 1:09:52 PM EDT
[#31]
Quote HistoryQuoted: If I remember Austrian(?)'s lottery thread, he recommended: 20% in trust for family events 20% in long term US treasuries 50% in an S&P 500 index fund 10% in cash (hookers and blow money) Can someone really drop $220+ million into an index fund in one shot? Yes. Index funds are MASSIVE, but it would have to be a broad fund. Sp500 is no problem. SPDR DoubleLine Emerging Markets Fixed Income ETF? Probably not without overvaluing the underlying assets causing a sell off. |
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