User Panel
Posted: 1/22/2021 5:37:48 PM EDT
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? |
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I can't answer your specific questions OP but I can tell you this much... I already have my tickets and if I win, I fully intend to become the George Soros of conservatives. I'm gonna buy the finest politicians money can buy!
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Quoted: I can't answer your specific questions OP but I can tell you this much... I already have my tickets and if I win, I fully intend to become the George Soros of conservatives. I'm gonna buy the finest politicians money can buy! View Quote Due to inflation, half a billion doesn't go very far these days. You'll have to sit on it until you can become a multi billionaire like all the other elites. |
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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? View Quote Attached File |
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you can play with this
FV = Future value of money PV = Present value of money i = interest rate n = number of compounding periods per year t = number of years Based on these variables, the formula for TVM is: FV = PV x [ 1 + (i / n) ] (n x t) |
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Quoted: I can't answer your specific questions OP but I can tell you this much... I already have my tickets and if I win, I fully intend to become the George Soros of conservatives. I'm gonna buy the finest politicians money can buy! View Quote You’re not buying politicians with half a billion |
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Fastest way is to go buy $500 million in ammo and import it. Double your money after a couple of gunshows
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Quoted: you can play with this FV = Future value of money PV = Present value of money i = interest rate n = number of compounding periods per year t = number of years Based on these variables, the formula for TVM is: FV = PV x [ 1 + (i / n) ] (n x t) View Quote Sure, but what specific investment strategy? The formulas are easy. But what's the investment strategy to get there? |
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Quoted: you can play with this FV = Future value of money PV = Present value of money i = interest rate n = number of compounding periods per year t = number of years Based on these variables, the formula for TVM is: FV = PV x [ 1 + (i / n) ] (n x t) View Quote No!!! Put that away don't let the non finance people see that!! We'll lose our phoney baloney jobs!! |
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If I won 500 million, I wouldnt give 2 fucks about investing shit... thats more money than I would spend in 10 lifetimes
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I’d mail $1000 to everyone on earth. Think of all the good you could do
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We spent a lot of time at work bs'ing about the Powerball, so one of the engineering types built a computer simulation program. We picked five numbers and a powerball, and started it spinning. At the end of the day it had done 42 years worth of draws...and we hadn't hit.
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Quoted: I can't answer your specific questions OP but I can tell you this much... I already have my tickets and if I win, I fully intend to become the George Soros of conservatives. I'm gonna buy the finest politicians money can buy! View Quote Buy Epstein's Sex Fiend Island. Invite "friendly liberal" politicians for "fun weekends". then use the footage to Black Mail the ever living shit of them ... |
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I dont understand how they can take that much for a lump sum?
What is the reason for them not giving 1 billion lump sum? |
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I bought 2 tickets so yall can give up I have a lock on that cash
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Quoted: Sure, but what specific investment strategy? The formulas are easy. But what's the investment strategy to get there? View Quote View All Quotes View All Quotes Quoted: Quoted: you can play with this FV = Future value of money PV = Present value of money i = interest rate n = number of compounding periods per year t = number of years Based on these variables, the formula for TVM is: FV = PV x [ 1 + (i / n) ] (n x t) Sure, but what specific investment strategy? The formulas are easy. But what's the investment strategy to get there? ^ How risk-averse are you? T-Bills risk?, penny stock risk? C'mon man......save some for the big guy |
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The rule of 72 is your friend.
Edit. Yep. A little slow on the draw. ?? |
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If I win, I'll throw some your way, so let's make this happen!
Someone send me a ticket. |
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A lot of people don’t know that if you take the annuity, if you die, your heirs don’t get whatever is left of the annuity. Take the lump sum and live it up like MC Hammer
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Quoted: I can't answer your specific questions OP but I can tell you this much... I already have my tickets and if I win, I fully intend to become the George Soros of conservatives. I'm gonna buy the finest politicians money can buy! View Quote |
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If I had even $100M I wouldn't give a shit about turning it into $101M.
I'd take care of family, close friends, some close to home charitable things, and become a ghost with the $50M or so left. |
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That’d buy me a big chunk of farmland in Missouri or somewhere out West. I’d be done with VA and the East Coast.
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Quoted: Quoted: Only $739 million cash? Almost not even worth playing... It is absolutely not "worth" playing. |
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I'll probably buy $10 worth of tickets even though I'll feel stupid doing it.
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I think the Billion lottery is CA only now.
Also, if I won, I’d send $10mil to Pakistan for gender studies. |
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Invest in Fidelity and Vanguard mutual funds. Probably buy some Treasury Notes. Buy collectable firearms, cars, motorcycles and U.S. Gold Coins.
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Quoted: Sure, but what specific investment strategy? The formulas are easy. But what's the investment strategy to get there? View Quote View All Quotes View All Quotes Quoted: Quoted: you can play with this FV = Future value of money PV = Present value of money i = interest rate n = number of compounding periods per year t = number of years Based on these variables, the formula for TVM is: FV = PV x [ 1 + (i / n) ] (n x t) Sure, but what specific investment strategy? The formulas are easy. But what's the investment strategy to get there? |
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i wouldnt be able to quit my day job, that's for sure. I bought 5
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