Lottery winner lost money after investing funds
March 30, 2005
|Posted: January 27, 2010, 10:46 am - IP Logged|
Smart kid, Bad idea off investing large sum of money in the market, its too risky now days.
He's young enough to regain his losses.
A few lucky souls have even won a second jackpot.
In neo-conned Amerika, bank robs you.
Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency.
August 31, 2007
|Posted: January 29, 2010, 12:12 pm - IP Logged|
The best part is this seems just like a repeat of the story about him over a year ago, which is conveniently linked over on the right side with the related stories.
There are just as many things to take into consideration with taking the annuity as there are with taking a lump sum.
You can't predict random.
December 13, 2009
|Posted: January 31, 2010, 11:09 am - IP Logged|
I'm sorry he's lost so much of his winning and I hope he gets it all back.
He seems like a smart kid. He'll be alright.
Hmmm, smart enough to invest but not smart enough to do dollar cost averaging and benefit from the down turn. If you invest it all at one time then you limit what you can do. Still $330,000 should give him a decent head start and the recession won't last forever, he'll get it back.
July 15, 2002
|Posted: February 2, 2010, 10:55 am - IP Logged|
He should park it for the long term and aim for just 10% (safety) compounded interest. If he can get this, he will have his 1 million back by the time he is 34 or 35. The rule of 7.
If you know your number is going to hit, have patience and then KILL IT!
You never know when you will get another hit.