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Topic	Congratulations. You won the lottery. How do you take your winnings?
fire_bolt 07/30/22 12:07:21 AM #44:	Ivany2008 posted... I'm more or less speaking about the lower lotteries. The ones that are 10 million and below. Maybe even up to 20 million. Taking a lump sum for those to me is just stupid. I can understand if its the Billion dollar lottery, though even then I get the feeling that I would get people showing up at my doorstep begging for money. All you're doing at that point is moving the decimal places over. The logic is more or less the same. $10M jackpot is an annuity of $350K for 20 years vs around $6M up front that you can invest and collect $540K a year off of at that 9% ROI I mentioned, although that is assuming you invest all the winnings since it is a lower amount. If you spent $3M to get yourself set up with like a house/car/whatever the fuck you want and then invested $3M it'd still be a $270K annual return. Even assuming a shitty ROI of 5% still gets you $150K yearly after you spend the $3M. It'd be almost impossible to not get at least a 5% ROI --- If it was about babies we'd have universal maternal care. There would be no charge no matter how complex the delivery. But its not about babies, is it? <cite>fire_bolt posted [p:966935335] in Congratula... [t:80111551]...</cite> <quote>Ivany2008 posted...</cite> <quote> I'm more or less speaking about the lower lotteries. The ones that are 10 million and below. Maybe even up to 20 million. Taking a lump sum for those to me is just stupid. I can understand if its the Billion dollar lottery, though even then I get the feeling that I would get people showing up at my doorstep begging for money. </quote> All you're doing at that point is moving the decimal places over. The logic is more or less the same. $10M jackpot is an annuity of $350K for 20 years vs around $6M up front that you can invest and collect $540K a year off of at that 9% ROI I mentioned, although that is assuming you invest all the winnings since it is a lower amount. If you spent $3M to get yourself set up with like a house/car/whatever the fuck you want and then invested $3M it'd still be a $270K annual return. Even assuming a shitty ROI of 5% still gets you $150K yearly after you spend the $3M. It'd be almost impossible to not get at least a 5% ROI --- If it was about babies we'd have universal maternal care. There would be no charge no matter how complex the delivery. But its not about babies, is it?</quote> ... Copied to Clipboard!
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