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$475 MILLION: Powerball jackpot nears a half-billion dollars

Topic closed. 131 replies. Last post 3 years ago by jamella724.

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Arrowhead's avatar - underground
Ohio
United States
Member #120754
December 27, 2011
294 Posts
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Posted: May 16, 2013, 7:19 pm - IP Logged

Muni bonds are not as safe as they once were and the yield has gone way done. That said, there are small pockets of quality munis that will net you 3-4% annually.

Partial to Vanguard stuff myself. Like those low-expense ratios...Embarassed

Anyhoo, with these numbers I'd be all about protecting principal with small, safe, tax-free growth. At a quarter-billion, several family generations are covered. No real estate, restuarants, bars, or anything else I don't really know much about for me.

My wife and I both have 30-plus year pensions as well, both relatively safe.

So, boring=better.

But, to each their own.

    Avatar
    Toronto
    Canada
    Member #138397
    January 26, 2013
    179 Posts
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    Posted: May 16, 2013, 7:26 pm - IP Logged

    tax-free shouldn't be important. It neither implies safe growth or fast growth. You shouldn't look exclusively at tax-free investment vehicles.

    Furthermore, while it may cover "several family generations" at the present value of a quarter-billion, you need to take inflation into consideration. 

     

    It's probably best to invest in a wide variety of blue chip dividend stocks as well as gold, silver and government bonds. That way you're not putting all your

    eggs in one basket, and will be able to match inflation.

      Arrowhead's avatar - underground
      Ohio
      United States
      Member #120754
      December 27, 2011
      294 Posts
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      Posted: May 16, 2013, 7:32 pm - IP Logged

      tax-free shouldn't be important. It neither implies safe growth or fast growth. You shouldn't look exclusively at tax-free investment vehicles.

      Furthermore, while it may cover "several family generations" at the present value of a quarter-billion, you need to take inflation into consideration. 

       

      It's probably best to invest in a wide variety of blue chip dividend stocks as well as gold, silver and government bonds. That way you're not putting all your

      eggs in one basket, and will be able to match inflation.

      Dammit, I'm going to have to spring for investment advice after all. Here I thought I'd just keep all this for myself...


        United States
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        September 7, 2011
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        Posted: May 16, 2013, 7:41 pm - IP Logged

        Partial to Vanguard stuff myself. Like those low-expense ratios...Embarassed

        Anyhoo, with these numbers I'd be all about protecting principal with small, safe, tax-free growth. At a quarter-billion, several family generations are covered. No real estate, restuarants, bars, or anything else I don't really know much about for me.

        My wife and I both have 30-plus year pensions as well, both relatively safe.

        So, boring=better.

        But, to each their own.

        You don't need much "know much about" to see which direction a metropolis is growing and buy some dirt. 

        In AZ I have seen dirt grow 1000 times in value in places like Fountain Hills in the past 30 years.

          Jill34786's avatar - Lottery-006.jpg
          Windermere, FL/Franklin, TN
          United States
          Member #50210
          March 1, 2007
          843 Posts
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          Posted: May 16, 2013, 7:46 pm - IP Logged

          Dammit, I'm going to have to spring for investment advice after all. Here I thought I'd just keep all this for myself...

          When it comes to investing it highly depends on what kind of risk you're willing to take and what your time horizon looks like. Some folks want to preserve the wealth they have while others want income and growth.

          Your present age and employment are important factors to take into account when setting up a portfolio. You can PM me if you have specific questions.

            Teddi's avatar - Lottery-008.jpg

            United States
            Member #142499
            May 13, 2013
            1186 Posts
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            Posted: May 16, 2013, 7:47 pm - IP Logged

            Partial to Vanguard stuff myself. Like those low-expense ratios...Embarassed

            Anyhoo, with these numbers I'd be all about protecting principal with small, safe, tax-free growth. At a quarter-billion, several family generations are covered. No real estate, restuarants, bars, or anything else I don't really know much about for me.

            My wife and I both have 30-plus year pensions as well, both relatively safe.

            So, boring=better.

            But, to each their own.

            That fellow Brad Duke who took home $85M is attempting to parlay it into $1 Billion in 15 years. He only used $5M of it. Everything else was invested. $45M in safe investments, $35M in risky but potentially high yielding investments. No real estate, no businesses, no restaurants/bars. Straight investing. 

            I wouldn't be setting aside 95%, that's a little too disciplined for me. I'd prefer to have some fun and make donations over being a billionaire. Half of $200M would still be plenty enough to invest and get me there Wink

              Jill34786's avatar - Lottery-006.jpg
              Windermere, FL/Franklin, TN
              United States
              Member #50210
              March 1, 2007
              843 Posts
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              Posted: May 16, 2013, 7:55 pm - IP Logged

              That fellow Brad Duke who took home $85M is attempting to parlay it into $1 Billion in 15 years. He only used $5M of it. Everything else was invested. $45M in safe investments, $35M in risky but potentially high yielding investments. No real estate, no businesses, no restaurants/bars. Straight investing. 

              I wouldn't be setting aside 95%, that's a little too disciplined for me. I'd prefer to have some fun and make donations over being a billionaire. Half of $200M would still be plenty enough to invest and get me there Wink

              I had read somewhere that his investments weren't doing too well. I believe he got hit pretty hard during the financial crisis and not really sure if he has recovered.

                Arrowhead's avatar - underground
                Ohio
                United States
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                December 27, 2011
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                Posted: May 16, 2013, 7:57 pm - IP Logged

                When it comes to investing it highly depends on what kind of risk you're willing to take and what your time horizon looks like. Some folks want to preserve the wealth they have while others want income and growth.

                Your present age and employment are important factors to take into account when setting up a portfolio. You can PM me if you have specific questions.

                Check your PM box about 11 p.m. EST Saturday...(thanks for the offer).


                  United States
                  Member #116268
                  September 7, 2011
                  20244 Posts
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                  Posted: May 16, 2013, 7:58 pm - IP Logged

                  When it comes to investing it highly depends on what kind of risk you're willing to take and what your time horizon looks like. Some folks want to preserve the wealth they have while others want income and growth.

                  Your present age and employment are important factors to take into account when setting up a portfolio. You can PM me if you have specific questions.

                  I don't think anyone here will be PM'ing you for investment advise.Spam

                  But it was nice of you to offer your services.

                    Arrowhead's avatar - underground
                    Ohio
                    United States
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                    December 27, 2011
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                    Posted: May 16, 2013, 8:02 pm - IP Logged

                    I don't think anyone here will be PM'ing you for investment advise.Spam

                    But it was nice of you to offer your services.

                    I don't get the sense Jill's a spammer. Trolling a lottery-news site for biz? Don't think so...


                      United States
                      Member #116268
                      September 7, 2011
                      20244 Posts
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                      Posted: May 16, 2013, 8:05 pm - IP Logged

                      I don't get the sense Jill's a spammer. Trolling a lottery-news site for biz? Don't think so...

                      How would you know? Anyone asking for PM's to give financial advice sounds suspicious to me.

                      Doesn't mean I'm right. Just sayin.

                        helpmewin's avatar - dandy
                        u$a
                        United States
                        Member #106665
                        February 22, 2011
                        19881 Posts
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                        Posted: May 16, 2013, 8:08 pm - IP Logged

                        How would you know? Anyone asking for PM's to give financial advice sounds suspicious to me.

                        Doesn't mean I'm right. Just sayin.

                        ronnie wasn't you from the Ohio Valley Crazy

                        Let it Snow Snowman

                          Avatar
                          NY
                          United States
                          Member #23835
                          October 16, 2005
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                          Posted: May 16, 2013, 8:09 pm - IP Logged

                          Are you saying that your very accustomed to being wrong KY? Green laugh

                          Look at that. You read something in clear and simple English, but can't understand it. Quelle surprise.


                            United States
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                            September 7, 2011
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                            Posted: May 16, 2013, 8:11 pm - IP Logged

                            ronnie wasn't you from the Ohio Valley Crazy

                            Is Toledo in the Valley? Unhappy

                              Arrowhead's avatar - underground
                              Ohio
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                              December 27, 2011
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                              Posted: May 16, 2013, 8:12 pm - IP Logged

                              She's been on here quite awhile. Never saw a pattern of that. If you have, spell it out. An off-hand comment to PM her about advice doesn't strike me as soliciting.

                              On the other hand, a PM to me (or anyone) out of public view from her on that subject would be a possible red-flag for me. Never happened.