You last visited January 9, 2009, 2:45 am
|
Woman prepares for 9 months before claiming $8.8M lottery jackpot
Nova Scotia Canada Member #10116 December 27, 2004 382 Posts Offline |
| Posted: August 23, 2008, 11:26 am - IP Logged |
|
The woman is foolish, I wouldn't wait 9 months to claim a winning ticket! I don't like the neighborhood I live in so I'd want to go the lottery corporation as fast as I could, and then happily move away!
 
|
|
|
Australia Member #37542 April 11, 2006 276 Posts Offline |
| Posted: August 23, 2008, 11:56 pm - IP Logged |
|
i looked at ing direct pays 3.7% interest that sounds about right
so 3.8 mill x .037 = 0.1406 or 140k a year
div by 12 x 9 for how much in 9 months
or about 105k
still it sounds like they'll be getting 105k every 9 months for the rest of forever, i dont think missing out on the 1st payment is going to matter all that much in the grand scheme of things. i look at all lotteries as a 50-50 chance,
either i win or i don't
|
|
|
New Member Miami United States Member #63284 July 9, 2008 28 Posts Offline |
| Posted: August 24, 2008, 3:51 am - IP Logged |
|
The woman is foolish, I wouldn't wait 9 months to claim a winning ticket! I don't like the neighborhood I live in so I'd want to go the lottery corporation as fast as I could, and then happily move away!
LMFAO!!!!!! "Leave the gun. Take the cannoli."
|
|
|
Nova Scotia Canada Member #10116 December 27, 2004 382 Posts Offline |
| Posted: August 24, 2008, 7:04 am - IP Logged |
|
what does LMFAO mean"?
|
|
|
CA United States Member #57701 December 23, 2007 276 Posts Offline |
| Posted: August 24, 2008, 9:58 am - IP Logged |
|
This is an incredible story. I agree with the posters here saying nine months is a looonnnngggg time to sit on a winner like that.
Remember a few years ago when a woman had bought a ticket some months prior to Christmas, and waited til Christmas to give it to her husband gift-wrapped in a box, and she said, "This was the best I could do this year". Priceless!
I think that was a beautiful thing to do. Talk about a merry xmas. A few merry xmases and birthdays and anniversaries! Still OMHO, that is a heckuva looooong time to wait. I think it would take me only a few weeks. I will start looking for and interviewing representation the very next day and will go to claim my prize the day after all paperwork with those firms are finalized. Of course I talk that talk now, but I pray that I would have the patience to do it WHEN then time comes.
|
|
|
CA United States Member #57701 December 23, 2007 276 Posts Offline |
| Posted: August 24, 2008, 10:01 am - IP Logged |
|
what does LMFAO mean"? Laughing my f***ing a** off.
|
|
|
New Member Oak Creek WI United States Member #5498 July 3, 2004 15 Posts Offline |
| Posted: August 24, 2008, 10:13 am - IP Logged |
|
Laughing my fat A$$ Off. If I'm wrong computer whiz's correct me.
LottoLin
|
|
|
I dont know where United States Member #1736 June 18, 2003 103 Posts Offline |
| Posted: August 24, 2008, 1:48 pm - IP Logged |
|
maybe 3 to 4 days at the most... I know the money will be sitting in a account and making $$$$ until I decide what to to do next aleast for 6 months or a year ..... Wow NINE months WOW.....  Like a Rock
|
|
|
Raleigh United States Member #49513 January 17, 2007 133 Posts Offline |
| Posted: August 27, 2008, 1:29 pm - IP Logged |
|
Waiting nine months for only $3.8M is not a sound decision.
It might taken some time to put together good investment plans to diversify something like $100,000,000, but $3.8M is not that much money from an investment standpoint, and any advisor worth their fee would have had her cashing in in no more than 3 months so she could at least start collecting some return on her money.
If she was afraid that she might foolishly spend the money, she could have taken the money and locked most of it down in a short term CD. They are not the best investment tool, but even a CD would have made her about $100,000 in that time frame.
|
|
|
Idaho United States Member #56982 November 21, 2007 1869 Posts Offline |
| Posted: August 28, 2008, 12:42 am - IP Logged |
|
The woman is foolish, I wouldn't wait 9 months to claim a winning ticket! I don't like the neighborhood I live in so I'd want to go the lottery corporation as fast as I could, and then happily move away!
I don't see how she is foolish. She waited until she was ready to collect the money. Each person is different.
|
|
|
|
