rainnman's idea seems less stressfull.
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After taxes, we're talking roughly $200 million in take-home. I have a deal with a friend that we always split our Powerball winnings, so I'd end up with about $100 million.
I guaran-darn-tee that I would have the most diversified investment portfolio on the planet. The only way I would lose all of my money would involve a large meteor or the explosion of the sun. |
Yep, I paid my idiot tax.
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I'd probably do something like this:
$20 million in income-producing real estate of the most conservative kind possible, scattered around the country $10 million in money markets and other conservative, conservative U.S. bank accounts. $10 million in my house and other hard assets $10 million in T-Bills and stuff $10 million in cash in safety deposit boxes and buried holes in the ground $10 million in conservative U.S. mutual funds $5 million in bonds $5 million in money markets and other conservative, conservative non-U.S. bank accounts. $5 million in conservative foreign mutual funds $5 million in gold $5 million in high-value art and other collectibles $5 million in moderate to aggressive U.S. mutual funds |
If you win, you'll probably spend most of it hiding from your friends and relatives for the rest of your life.
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GM: PR_Capone President of administration: Dane Director of college Scouting: Mecca |
Wonder what happens to those who win the lottery?
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You always dream about what you'd do with the money. You always hear horror stories more so than success stories about the lottery winners. Luckily I don't have any drug addictions or gambling addictions that would get me into too much trouble, but I'm sure it would be absolutely maddening to see who you could trust.
I would personally pay off alot of my friends and family's debts. The worst thing about this day and age is rebounding from a distressing credit score, people need a fresh start and I'd love to give that to them. Outside of the normal big gifts to close family and friends, donations to charities I believe in, I would start with clearing others debt. |
We could fly banners every day for the next 30 years.......
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I paid my voluntary taxes today..
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http://25.media.tumblr.com/tumblr_mb...ufk9o1_500.jpg
I'd spend my winnings on large foam cowboy hats, paddle balls, beer and a lifetime subscription to Rhode Island Slut newspaper. |
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Its true, barely. |
I put 10 bucks in the pot
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Bought $10 worth of quick picks earlier in the week. It is scary to think that today you wake up poor and tomorrow you are suddenly worth $375 MILLION dollars. Mind boggling amount for sure.....
You just know that there is going to be a fight or legal battle over a group winning and someone who is excluded is going to sue....it's the American way! |
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