Current Events > $1,000,000 now or get $10,000 every month for the next 10 years?

(+) Yeah! (+)

$10,000 every month for the next 10 years
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These are uncertain times. I'd usually take the mil, but right now I'd prefer the steady flow.

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I could use that million to make more than the equivalent 1.2 mill over the next 10 years.

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$1M now and invest it because of what post #3 said

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Are we talking the current value of the $10k? Or the value of the $10k at the month you get each one?

Back in my day, $10k was only worth $5k! Get off my lawn!

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tote_all posted...

1m worth of bitcoin now is gonna be worth more in 10 years.

could possibly be worth less

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Think I'm gonna go with the 1 mil now.

Have had my eye on an apartment complex, with 1st floor shop front. My town has no nice rentals, and I'd love to see it become a nicer neighborhood.

Doing some renovations to the apartments and adding a lease/starting small business in shop would nudge town in right direction imo

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The million today is worth much more than the $10,000 per month.

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Money now. I'm 100% going to be dead within 10 years.

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Based on my rudimentary Excel calculations, if you can get 4% or more off of the million, you'd be better off taking it. Assuming this is magic tax free money.

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More money now.

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I'm not picky. I'll take either one.

This is tough. Taking the Million now would be the smart thing to do on paper for sure. However, its not that easy IMO. Invest it all and hope you dont have any issues financially where you have to dip into it. Also, being gifted a Million dollars at once might be difficult for some people to handle.

I could take the 10k per month and take far more risks with it in terms of investing, starting businesses, real-estate, etc. because I know more is coming. It might be better for my peace of mind. I think I might have too much anxiety with investing 1 million dollars at once, the vast majority of my wealth, and hope for the best.

Like I said though, the best thing to do on paper is to take the Million but I think I would go the 10k route

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A 20% return on a 10 year investment, hmmmmmm...Yeah I'll just go ahead and take the million, lol

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DepreceV2 posted...

This is tough. Taking the Million now would be the smart thing to do on paper for sure. However, its not that easy IMO. Invest it all and hope you dont have any issues financially where you have to dip into it. Also, being gifted a Million dollars at once might be difficult for some people to handle.

I could take the 10k per month and take far more risks with it in terms of investing, starting businesses, real-estate, etc. because I know more is coming. It might be better for my peace of mind. I think I might have too much anxiety with investing 1 million dollars at once, the vast majority of my wealth, and hope for the best.

Like I said though, the best thing to do on paper is to take the Million but I think I would go the 10k route

No one says you have to invest it all right away...

You could invest less than half of it within the first year and get moderate returns for 10 years and still be much better off.

And if you're scared to blow a million, there's not reason to think you aren't gonna blow your 10k every month

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$10,000 a month is way more than I'll need anytime soon. I'd be happy with that.

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ITT people don't know how inflation works
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Sir Cyrus posted...

ITT people don't know how inflation works

Or compounding income

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Bump
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Solid Snake07 posted...

No one says you have to invest it all right away...

You could invest less than half of it within the first year and get moderate returns for 10 years and still be much better off.

And if you're scared to blow a million, there's not reason to think you aren't gonna blow your 10k every month

I guess Im too cautious and my luck isnt great. I have quite a bit of money saved and I dont blow it. I messed with Stocks for a while but I was bad at it. I guess that fear of me screwing up in the market is getting to me. Im doing much better with an ETF. Now that I think about it... I dont HAVE to invest into individual stocks. I could just stick it all into ETFs but my luck is really REALLY bad so anything that fights my bad luck would be beneficial


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Take the 1 million now and invest it. I'll most likely make more cash.

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Million easy.
The steady payments only make sense if it's a tremendous amount of money where managing it would be a burden and if it's over a long period of time to give you some sense of safety.

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3PiesAndAFork posted...

I could use that million to make more than the equivalent 1.2 mill over the next 10 years.

I know mathematically and if managed right the lump sum is better long term, but with the annuity I can only only go broke once a month.

Give me the $10k a month
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DepreceV2 posted...

I guess Im too cautious and my luck isnt great. I have quite a bit of money saved and I dont blow it. I messed with Stocks for a while but I was bad at it. I guess that fear of me screwing up in the market is getting to me. Im doing much better with an ETF. Now that I think about it... I dont HAVE to invest into individual stocks. I could just stick it all into ETFs but my luck is really REALLY bad so anything that fights my bad luck would be beneficial

Luck isn't really relevant. Playing single stocks is just risky unless you know what you're doing. I mean it's risky even if you do, but you're at a significant advantage and higher risk means higher reward.

If you've got a million dollars of capital to work with you can easily double it in some of the most conservative risk adverse strategies out there within 10 years

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TomNook20 posted...

Million easy.
The steady payments only make sense if it's a tremendous amount of money where managing it would be a burden and if it's over a long period of time to give you some sense of safety.

It never makes sense. Unless you just have zero faith in your ability to manage money.

And if you're really just that abysmal with money you're honestly screwed either way.

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Solid Snake07 posted...

It never makes sense. Unless you just have zero faith in your ability to manage money.

And if you're really just that abysmal with money you're honestly screwed either way.

It makes sense in the conditions I stated. At a certain point maximizing $$$ is no longer is your only concern and you may feel more comfortable with payments.

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TomNook20 posted...

It makes sense in the conditions I stated. At a certain point maximizing $$$ is no longer is your only concern and you may feel more comfortable with payments.

If you really have that little control over your finances there's really no reason to think you aren't just gonna rack up debt, except now on a larger scale since you have 10k of leverage coming in every month.

Till you don't and you're bankrupt. Happens all the time.

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Nothing you're saying is applicable to what I posted

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TomNook20 posted...

Nothing you're saying is applicable to what I posted

What you said doesn't really make any sense. If a monthly payment that leaves you with far less money and security in the long run gives you a sense of "comfort" then your senses are skewed and misinformed.

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I'll take the million now. It'll be worth more than the 1.2 mil in 10 years if I just put it in the S&P 500.

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That is only $1,200,000 so the $1,000,000 easily

If it was like $5 million or $10 million total then I would have to think about it.

Edit: After actually doing the math it's more like $2 million or $2.5 million where you would realistically have to start thinking about it.

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You clearly didn't read what I said or are just trolling about nothing. I'm saying if you win 400million in this weeks mega millions, you're good no matter what you choose. If you feel more comfortable taking an annuity so you're not burdened with a shitton of money at once or the idea of getting a huge check each year for the next 30 years gives you more peace of mind, it makes sense to take it. That's not saying it's a better option so I don't know what you're even arguing about.

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TomNook20 posted...

You clearly didn't read what I said or are just trolling about nothing. I'm saying if you win 400million in this weeks mega millions, you're good no matter what you choose. If you feel more comfortable taking an annuity so you're not burdened with a shitton of money at once or the idea of getting a huge check each year for the next 30 years gives you more peace of mind, it makes sense to take it. That's not saying it's a better option so I don't know what you're even arguing about.

Lol, just because you're "good either way" doesn't mean it makes sense to choose and option that's factually worse.

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Yeah you clearly have reading issues.
TomNook20 posted...

That's not saying it's a better option so I don't know what you're even arguing about.

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I could invest that 1 million and make a lot more than $10k/month

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TomNook20 posted...

Yeah you clearly have reading issues.

I read just fine, making inferior financial choices(or anything else impactful on your life) never "makes sense". Which is what you said

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Irony posted...

Money now. I'm 100% going to be dead within 10 years.

wait, why

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There really does not exist any circumstances where the 1mil upfront is not the better option. If it's simply a matter of "I can't control my spending and I'll blow it all in a year", and you're using the annuity payments as a sort of trust account, well, hire a fucking financial advisor.

PS you lose about 120k in present-value money (or, 10% of your windfall) to inflation alone.

Solid Snake07 posted...

I read just fine

You sure as hell don't.
TomNook20 posted...

It makes sense in the conditions I stated. At a certain point maximizing $$$ is no longer is your only concern and you may feel more comfortable with payments.

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TomNook20 posted...

You sure as hell don't.

Nah mate, you're just wrong.

But if nonsensicaly insulting my reading comprehension is the only way for you to save your self esteem knock yourself out

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Steady flow, easily.

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Solid Snake07 posted...

Nah mate, you're just wrong.

Oh shit, guess that settles it!

No idea why you insist on shitposting when you refuse to even try to read or understand my original post. Stop talking to me dude.

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TomNook20 posted...

Oh shit, guess that settles it!

No idea why you insist on shitposting when you refuse to even try to read or understand my original post. Stop talking to me dude.

I understand your original post just fine. There is no situation where it makes sense to take payments over the course of a decade for 20% more money. The amount of money is irrelevant

I fully understand what you're saying, I'm just telling you you're wrong

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