Lottery Win

If you were to win the lottery, what would you do with the money?

buy lots of whey protein so one day I can be hench.

Specify an amount.

50 million.

King Carlos wrote:50 million.

Tax Bill =

I would buy myself a position on the moderating council on this website.

I would take 1 million, put the rest in the bank and then just go crazy and buy loads of stuff.

Probably invest in Newport IOW FC, pay off my parents' mortgage, buy myself a better car and buy myself a house.

Then put the rest in a high interest savings account and live off the interest.

Jordi wrote:Then put the rest in a high interest savings account and live off the interest.

^

Walcott wrote:

Jordi wrote:Then put the rest in a high interest savings account and live off the interest.

^

Savings accounts? Inflation would dwarf that.

I'd move to a tropical island and live there.

Buy Shola many hats in the hope he notices me.

Buy Torres to sit in my house and look pretty

two chicks at the same time

Put aside a couple of million to organise a Playmaker Gathering

Then I'd put most in the bank and use the rest to travel with Julia and buy a nice house in New Zealand, a nice one in England, a nice one in Germany

ahlycotc wrote:

Walcott wrote:
^

Savings accounts? Inflation would dwarf that.

So what? If we're talking about a lottery win the hundreds of millions, the interest would still be plenty to live off of.

You could just get an investment firm to invest in very low risk stuff for you.....if you trust that kind of thing.

Lux wrote:You could just get an investment firm to invest in very low risk stuff for you.....if you trust that kind of thing.

U.S. Treasury bonds are currently yielding about 3%. So if you cleared, say, $100 million after taxes, and put $90 million in the bank after spending $10 million on booz, smack, prostitutes, a private jet, a yacht and a mansion, you could earn $2.7 million per year on interest.

menalawyerguy wrote:

Lux wrote:You could just get an investment firm to invest in very low risk stuff for you.....if you trust that kind of thing.

U.S. Treasury bonds are currently yielding about 3%. So if you cleared, say, $100 million after taxes, and put $90 million in the bank after spending $10 million on booz, smack, prostitutes, a private jet, a yacht and a mansion, you could earn $2.7 million per year on interest.

Inflation is above 3% though

Obviously in the short term, it wouldn't really matter to people like us, if we just wanted to stick with what we had and spend it over our life.

Though maybe in the future if inflation spirals then it might.

Probably frivolously spend some on un-needed things, then buy property for myself and family members, cars etc. Clear bills, all the clichéd stuff. I'd think about buying my club, though if I did I'd let them do all the work and I'll just put up some money. I wouldn't want to be an Abramovich

Glen Damon wrote:I would buy myself a position on the moderating council on this website.

It costs more than that.

Would you guys stay at work?

Not at first. I would want to travel the world, do lots of stuff like that. Then maybe when I was older I would think more about investing my money...which I guess would be a job in itself. Would never go back to 9-5 though.

menalawyerguy wrote:

ahlycotc wrote:

Savings accounts? Inflation would dwarf that.

So what? If we're talking about a lottery win the hundreds of millions, the interest would still be plenty to live off of.

Here, savings accounts earn you like around 1%. Inflation is about 4%. By the time you are like 50/60 years old, your money would have lost a lot of value. If you want something that's low risk and that can keep up with inflation, I would recommend municipal bonds and corporate bonds.

Sean wrote:Would you guys stay at work?

I would create my own business.

ayvee1 wrote:

Glen Damon wrote:I would buy myself a position on the moderating council on this website.

It costs more than that.

Sean wrote:Would you guys stay at work?

Yes. I'm actually looking forward to getting a job someday.

Sean wrote:Would you guys stay at work?

I would leave my current job for 3 months, see what it's like not to work.

I remember when I left school and was without a job, I didn't mind it. However my life is so much better now I have one.

I wouldn't tell anyone and start doing good deeds under the shadow.