Powerball lottery millionaire fields marriage, investment proposals

Comment #20

Chewie — Wed, 05 Oct 2005 01:33:00 GMT

Big difference between the initial press conference, required by most states, and going out of your way to make yourself known to millions of people. One is a requirement to get the money, the other is the first step in loosing the money. Once the publicity addiction hits, it is harder to drop than smoking.THINK JACK WHITIKER -- live longer and happier by not being a clone of him.

Comment #19

CASH Only — Tue, 04 Oct 2005 16:21:16 GMT

Maybe he should travel to Oklahoma when its new lottery starts. After that he should go to NC when theirs begins, and so on.

Comment #18

acronym007 — Tue, 13 Sep 2005 22:21:33 GMT

Money changes everyone. Don't lie to yourself people, that's the first step to failure. I know that much money would change me somehow, thankfully I have a great God so hopefully that impact would not destroy me but I'm telling I won't lie to myself it will change me. Maybe I become more appreciative, maybe I start joining clubs or things I never joined before, maybe I treat people different subconsciously. I don't know but I don't think anyone no matter their background would go unaffected with... [ More ]

Comment #17

danisiri — Tue, 13 Sep 2005 22:15:27 GMT

That remains to be seen. Give him a year or two to see if the money affects him adversely. Hopefully, he will not change (for the worse) and will not allow his possessions to possess him

Comment #16

JAG331 — Tue, 13 Sep 2005 16:16:51 GMT

Has someone already dubbed him the Anti-Jack

Comment #15

lchoro — Tue, 13 Sep 2005 15:50:20 GMT

Yes. On the other hand, that 5.214 % is probably too high to be extrapolated for 365 calendar days given the current interest rates available. If he's in REITs and real estate funds, he's collecting a good dividend but he may be ignoring the capital loss in his shares. The homebuilder sector is down 20% since June.

Comment #14

missnita — Tue, 13 Sep 2005 06:16:21 GMT

acronymn007.. i believe he wanted to remain anonymous, but the lottery commissioner told him that he could not. i guess his name had to be revealed. im thinkin from there he figured since his name was already out there, he may as well go on tv and talk about it. he was on the tv show The View. He donated $5000 to some babies that were on the show. but he seems really laid back.. kinda cool. wish i had that kind of loot

Comment #13

acronym007 — Tue, 13 Sep 2005 02:52:19 GMT

I think there's an important lesson here. At $84,000,000.00 you can miscalculate and it really doesn't matter. LOL. Cheers,

Comment #12

lchoro — Tue, 13 Sep 2005 02:41:19 GMT

You're right, my mistake. It appears that I was using 250 business days in my formula. 5.214% is correct, and would have to be taxable income. Muni bonds are below 4 percent as are almost all other bonds.http://bonds.yahoo.com/rates.htmlHe probably has it parked in higher-yielding stocks (REITs) or in stocks in general.

Comment #11

danisiri — Tue, 13 Sep 2005 00:10:12 GMT

Just curious, but how did you calculate the earnings percentage to be 3.5%? When I did a straight simple return rate calculation ($84,000,000/($12,000 x 365)*100), I got ~5.214%.

Comment #10

acronym007 — Mon, 12 Sep 2005 23:49:42 GMT

I think it's nearly impossible to stay anonymous and I think winning the lottery makes you an instant celeb. Sounds to me as if his desire to remain anonymous might be part of his gig to be a celeb. I think it sounds fishy to want privacy yet your talking about being on TV? Anyone with me

Comment #9

bellyache — Mon, 12 Sep 2005 18:24:35 GMT

It's always nice to hear about someone from my state winning big and doing well

Comment #8

Chewie — Mon, 12 Sep 2005 18:05:30 GMT

He's doing what makes himself happy. That is one of the benefits of hitting the lottery. Doing what you want, when you want.Some of us would do it differently, given the opportunity, but whould we put happiness at the top of the list?I hope I will. There will be a chance to find out tomorrow night

Comment #7

Bradly_60 — Mon, 12 Sep 2005 17:59:27 GMT

Amazing Race....haha. I love that show too. When I finally turn 21 next year I am applying to be on that show too. But yeah the guys does seem down to earth. But I agree, a 3.5% return?? It will take 20 years for the full 80 million just to double. He better start getting higher returns. haha Brad

Comment #6

whodeani — Mon, 12 Sep 2005 16:23:24 GMT

I find it interesting this guy had all these plans for a reality TV show, The Amazing Race, and a Metallica concert. I do remember when he won he wanted to remain anonymous. How do you go from wanting to remain anonymous to doing all this high profile stuff? Seems that he has come around to his senses. I think he could have been a train wreck waiting to happen if he would have stayed on the high profile route. Good to see he has toned it down a bit.

Comment #5

JAG331 — Mon, 12 Sep 2005 14:49:39 GMT

Take a good, hard look at the numbers, then get lucky on the drawing!I'd buy a few road bikes if I won.

Comment #4

BabyJC — Mon, 12 Sep 2005 14:26:18 GMT

I heard that he picked his numbers using a number matrix? I never done that -- How does it work

Comment #3

wizeguy — Mon, 12 Sep 2005 14:23:45 GMT

That will not come close to making him a billionaire in 15 yrs. It tells me he is prob doing some research b4 making riskier investments with higher payouts. If I win a jackpot of great magnitude I'd spend a half year to a year taking investment classes. I'd still let others do the main financial decisions but I'd like to know enough to recognize if they're making good decisions for me.Congrats on the win, Brad

Comment #2

lchoro — Mon, 12 Sep 2005 13:31:07 GMT

He's making $ 12,000 per day on $ 84 million. That equates to an investment return of 3 1/2 percent per annum. It doesn't say how much of the income is taxable so it could be anywhere from 2 percent to 3 1/2 percent after taxes.

Comment #1

Rip Snorter — Mon, 12 Sep 2005 13:23:00 GMT

Interesting man. He knew who he was before he won, which is a trait that's not going to be found a lot, lottery winners, or non-lottery winners.Jack

Powerball lottery millionaire fields marriage, investment proposals

Lottery Post — Mon, 12 Sep 2005 13:00:02 GMT

A 33-year-old Idaho man who won a state record $220.3 million Powerball lottery jackpot Memorial Day weekend has spent his summer appearing on TV shows, taking friends to Tahiti, fielding marriage proposals from strangers and starting to build a new stadium at his hometown high school.But now it's back to work for Brad Duke of Star, a Boise suburb. Earlier this week, he returned to his old job at Gold's Gym in Meridian, where he teaches a 6 a.m. class on spinning, a workout using stationary bicy... [ More ]