All times shown are Eastern Time (GMT-5:00) | $363 MILLION: Mega Millions lottery jackpot raised due to heavy salesElgin, IL United States Member #93570 July 2, 2010 289 Posts Offline | | Posted: March 27, 2012, 4:55 am - IP Logged | |
how much of the jackpot if you win will you out right spend on things like cars, homes, jewelry, electronics and other such toys. I cannot say, but I won't go too overboard. Oh, I will spend, but not too out of control. I don't want homes. I just want an apartment over looking the skyline. My parents just want two beautiful homes. They say one here and one in Texas. I just want two cars or maybe three. Those Maybachs are really nice. I love jewelry, but not all the jewelry I like cost an arm and a leg. I like electronics, but I don't need every last one. I would be lying if I say I don't love stuff. I have a lot of stuff now, but I'm going to try not to be buried in stuff. I like to collect snow globes, so I'm going to buy them from all over the world. I have few inventions I want to test out too. My stepdad wants to start a company selling his famous potato salad. | | |
United States Member #111467 May 25, 2011 6323 Posts Offline
| | Posted: March 27, 2012, 7:58 am - IP Logged | |
All this wonderful free advice! Thank you my LP peers, I now know exactly how I will invest every dime, and spend every moment of my time.  | | |
Ohio United States Member #120769 December 27, 2011 183 Posts Online | | Posted: March 27, 2012, 7:59 am - IP Logged | |
One thing for sure, for whoever wins tonight, however-many people win tonight. This isn't money anybody has earned, generated from working and sweating 12-15 hour days, using their skills and talents, to build a business, a financial portfolio, security for their loved ones. It's a windfall that dropped from the heavens above, crashed through their roof, and plopped down in their living room. It's the giant sack of cash that fell outta the Brinks truck taking the corner too fast by your house, rolled up your driveway, and landed on your front steps. It's your filthy-rich great-uncle Grover, the one who lived three time zones away and you've maybe met twice (you don't remember either time)---dying---and when they opened the Will your name was somehow at the top. It's literally a gift of miraculously good-fortune. Hopefully the winner or winners treat it as such, look around the community where they live now or where they grew up or both---at their families, friends, neighbors, churches, businesses, schools---and lend a helping hand where that help is needed most. | | |
United States Member #111467 May 25, 2011 6323 Posts Offline
| | Posted: March 27, 2012, 8:14 am - IP Logged | |
One thing for sure, for whoever wins tonight, however-many people win tonight. This isn't money anybody has earned, generated from working and sweating 12-15 hour days, using their skills and talents, to build a business, a financial portfolio, security for their loved ones. It's a windfall that dropped from the heavens above, crashed through their roof, and plopped down in their living room. It's the giant sack of cash that fell outta the Brinks truck taking the corner too fast by your house, rolled up your driveway, and landed on your front steps. It's your filthy-rich great-uncle Grover, the one who lived three time zones away and you've maybe met twice (you don't remember either time)---dying---and when they opened the Will your name was somehow at the top. It's literally a gift of miraculously good-fortune. Hopefully the winner or winners treat it as such, look around the community where they live now or where they grew up or both---at their families, friends, neighbors, churches, businesses, schools---and lend a helping hand where that help is needed most. Excellent point Arrowhead! Something else I heard from an episode of "Vegas", rings true as well. Money "won" is twice as sweet as money "earned"  | | |
Ohio United States Member #120769 December 27, 2011 183 Posts Online | | Posted: March 27, 2012, 8:28 am - IP Logged | |
Excellent point Arrowhead! Something else I heard from an episode of "Vegas", rings true as well. Money "won" is twice as sweet as money "earned"  I like Simba's stepdad starting a company selling his 'famous potato-salad'. That's great... Well, good luck to everyone! | | |
PA United States Member #23322 October 6, 2005 2010 Posts Offline | | Posted: March 27, 2012, 8:38 am - IP Logged | |
sure jill, obviously you have no concept of how much 363 million is. you and your husband couldn't handle it despite your investment knowledge. you would be spending 20 hours a day just trying to keep track of all these investments you would have to make. what your're proposing to do would work if only you won say 5 or 6 million. you would be fleeced and you know it by all these unscrupoulous people you deal with. I studied finance and worked in a bank for many years so I would be fine. But with this amount I would just take the annuity and have a lot of fun. Guaranteed check in the millions every year for 30 years. Not much to keep track of, and PLENTY enough for me. | | |
Indiana United States Member #120733 December 26, 2011 47 Posts Offline | | Posted: March 27, 2012, 8:46 am - IP Logged | |
If I won I would make Tina turner an offer on her house in the South of France.If she didn't want to sell I will find try to find me a place like it and build me one that is similar. There is a funny interview with Oprah about something she bought that belonged to a King Louis. She said something a long the lines of I liked it and I didn't see any reason why I shouldn't have it. The crowd laughed. With lottery money that is my mantra. I am going to put about 20 million away for safe keeping. Put together a charitable foundation. and blow the rest on a rocking good time. | | |
PA United States Member #66644 October 16, 2008 1280 Posts Offline | | Posted: March 27, 2012, 8:50 am - IP Logged | |
I get to my regular store to purchase an extra ticket last nite, and their lottery machines have been down since noon for updates! The day before the biggest cash jackpot ever! Ding Cuckoo!  I went to another store for the extra ticket! dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! - Eschew Poverty ........... Vote Conservative! | | |
PA United States Member #66644 October 16, 2008 1280 Posts Offline | | Posted: March 27, 2012, 8:52 am - IP Logged | |
I studied finance and worked in a bank for many years so I would be fine. But with this amount I would just take the annuity and have a lot of fun. Guaranteed check in the millions every year for 30 years. Not much to keep track of, and PLENTY enough for me. "Guaranteed" until the government decides otherwise! I don't trust the government! You should know how to invest for a better return than the lottery annuity! dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! - Eschew Poverty ........... Vote Conservative! | | |
United States Member #111467 May 25, 2011 6323 Posts Offline
| | Posted: March 27, 2012, 8:58 am - IP Logged | |
Don't be upset dpoly, things happen for a reason. Perhaps that last store is where the winning jackpot tic will come from!  | | |
lakewood United States Member #113676 July 13, 2011 50 Posts Offline | | Posted: March 27, 2012, 9:15 am - IP Logged | |
a person should not have to wait until they win the lottery before they give 2 others and their community. winning the lottery should enable them to do it on a grander scale. myself I already donate to charities and give to the community, so this lottery jackpot would enable me to do it on a grander scale. but not to the point were I go broke. | | |
KS United States Member #103035 December 29, 2010 108 Posts Offline | | Posted: March 27, 2012, 9:32 am - IP Logged | |
I don't see why not, what would be so bad about that? Unless you got secret scammers on the site ready to fill up the inbox with request, yuck!! If I win I will tell and post up the winning ticket. 
DREAMS DO COME TRUE!!!!!!!!! | | |
cornwall,ct United States Member #102665 December 23, 2010 232 Posts Offline | | Posted: March 27, 2012, 9:36 am - IP Logged | |
Not a word. Silent as the dead. mums the word. no one would know.not the media,this site or no one else I didn't want to know.you never know what people are thinking,because with that amount of money people don't think rational. I say wait about 7 months,get trust set up and then cash ticket.like they say"jealous ones envy"
Kyokushin karate a.k.a.
" The strongest Karate" | | |
Windermere, FL/Franklin, TN United States Member #50670 March 1, 2007 450 Posts Offline | | Posted: March 27, 2012, 9:45 am - IP Logged | |
I studied finance and worked in a bank for many years so I would be fine. But with this amount I would just take the annuity and have a lot of fun. Guaranteed check in the millions every year for 30 years. Not much to keep track of, and PLENTY enough for me. If you were fortunate enough to win, taking the annuity wouldn't be too wise considering the rate of return is roughly 1.5% paid out over 26 years. Not only that, but the top Federal tax rate may never be this low again(35%) especially with the spiraling national debt and the out of control government spending. You may very well be looking at a top tier tax rate in the 60-70% range by the time your entire annuity is disbursed. If you take the lump sum and invest wisely, you could grow your principal way beyond what the annuity value is today...it would only take an ROI with a minimum of 2% to be ahead. I am sure any competent investor/money manager could get you returns that are several percentntage points higher. Not only would you grow your principal but you would enrich the lives of future generations and those you care most as well as any charity of your choice. | | |
Windermere, FL/Franklin, TN United States Member #50670 March 1, 2007 450 Posts Offline | | Posted: March 27, 2012, 9:49 am - IP Logged | |
"Guaranteed" until the government decides otherwise! I don't trust the government! You should know how to invest for a better return than the lottery annuity! I would much rather dictate my own destiny instead of relying on the government.
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