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Woman prepares for 9 months before claiming $8.8M lottery jackpot
CA United States Member #57701 December 23, 2007 316 Posts Offline |
| Posted: August 24, 2008, 10:01 am - IP Logged |
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what does LMFAO mean"? Laughing my f***ing a** off.
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Oak Creek WI United States Member #5498 July 3, 2004 21 Posts Offline |
| Posted: August 24, 2008, 10:13 am - IP Logged |
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Laughing my fat A$$ Off. If I'm wrong computer whiz's correct me.
LottoLin
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I dont know where United States Member #1736 June 18, 2003 103 Posts Offline |
| Posted: August 24, 2008, 1:48 pm - IP Logged |
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maybe 3 to 4 days at the most... I know the money will be sitting in a account and making $$$$ until I decide what to to do next aleast for 6 months or a year ..... Wow NINE months WOW.....  Like a Rock
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Raleigh United States Member #49513 January 17, 2007 151 Posts Offline |
| Posted: August 27, 2008, 1:29 pm - IP Logged |
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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.
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Idaho United States Member #56982 November 21, 2007 3187 Posts Offline |
| Posted: August 28, 2008, 12:42 am - IP Logged |
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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. "No one remembers the person who almost climbed the mountain, only the person who eventually gets to the top."
ThatScaryChick
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Summerfield NC United States Member #62221 June 2, 2008 3361 Posts Offline |
| Posted: August 28, 2008, 6:12 pm - IP Logged |
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Nine months??? Prudent is one thing, but this is absurd. Think of all the things that could've happened to that ticket or even her in that time. And like somebody said, how much in dividends has she lost already by not investing it? It sounds to me like they don't really need the money. It's just added security.
I've been dreaming about winning for so long I have the whole thing mapped out, down to what I'm naming the Trust and where I'll invest. And believe me, it won't take me 9 months to get that gravy train rolling. Puh-lease! What an idiot, just think of all of the intrest she lost by waiting that long!!!! Her advisors need to be FIRED!! Be ready when opportunity comes...Luck is the time when preparation and opportunity meet.
All of us have bad luck and good luck. The man who persists through the bad luck - who keeps right on going - is the man who is there when the good luck comes - and is ready to receive it.
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United States Member #4194 March 23, 2004 720 Posts Offline |
| Posted: August 28, 2008, 6:54 pm - IP Logged |
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Very smart woman. I would wait too but not 9 months. Maybe 3-6 months.
1) Give away my stuff.
2) Time to plan without rush.
3) Tell friends and family that I am moving back to my country.
4) Look for place to stay because once you claim a jackpot, It is impossibe to go back to same house.
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Kentucky United States Member #33045 February 14, 2006 1444 Posts Offline |
| Posted: August 29, 2008, 10:47 pm - IP Logged |
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I am not a math wizard...but I would like to know what amount of money was lost in interest over the 9 months...I mean the interest on 4 million over 9 months would have been a couple hundred thousand right? If you are truly prudent,you do not let that kind of money run through your hands..Not to mention that if you are truly prudent ,generally you do not spend money on lottery to begin with...My fears would have also been with the disappearance of the ticket,rather intentional,accidental or whatever....fires,floods they happen. Had she formed a limited partnership or an exotic trust fund and waited that long to cash her ticket it would make more sense. I can't see what she gained by waiting 9 months because she got exactly the same amount after tax deductions ($3,801,297) she would have got had she cashed the ticket last January or November.
"We're very careful people," Hagerbrant, a retired nurse, said. "We wanted to take more time, as a family, to figure it all out."
It's obvious they lost thousands of dollars in interest by being very careful and very inconsistent when "Hagerbrant said she and her family plan to invest the money wisely" and "We're being prudent". She won in November and her lawyer probably said to wait until 2008 to cash the ticket to get more time. Maybe she thought she would get interest on the winnings while she waited or the tax withholding would be less, but finally cashed the ticket when somebody explained to her how much money she lost by trying to "figure it all out" instead of simply calling the lottery headquarters.
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