Putting most of jackpot prize in investment?

Reply #15

pumpi76 — Wed, 11 Jul 2007 20:27:35 GMT

I'll also buy myself my brother a house (or apartment) in Norfolk, Virginia....

I'll also buy me an apartment in West Virginia...

Reply #14

pumpi76 — Wed, 11 Jul 2007 20:02:26 GMT

That's what i'd have done too; put it on investment...And i probably have different houses in different Latin American countries including Brazil...They will be 150-200K houses and of course they will be in subdivisions...

Reply #13

KY Floyd — Tue, 10 Jul 2007 06:33:44 GMT

You're planning on keeping 88% for yourself? That's the definition of selfish.

Reply #12

guesser — Sun, 08 Jul 2007 09:33:42 GMT

You do NOT want to buy a Ferrari from anywhere in Los Angeles, especially the dealer there. PM me and I will tell you where, but absolutely not in LA/Hollywood. Most anywhere else, but not in LA - or Phoenix/Scottsdale.

Me ?

I'd buy a Ford Fusion or something like that, or maybe a Honda, and then I'd be looking for a Ferrari F50.

A Prious is worse on the environment than a Hummer, if you do some research you will see why.

As far as being selfish with 'money', I would not profess to... [ More ]

Reply #11

manzplan — Sun, 08 Jul 2007 06:40:51 GMT

I am going for the new Lexus Hybred.... looks smart and plus I want to support the only luxury car hybred out there.

Other than that it's a prius and a hybred truck

However I do have to use a heavy duty truck for the horse trailers... but then again that isn't every day driving.

I use to want an Aston Martin Logonda and a Lamborgini Contach .... but not anymore.

Reply #10

PrisonerSix — Sat, 07 Jul 2007 12:46:58 GMT

Sounds like a good plan to me. If I were in your shoes, I'd probably move to a lower cost more tax advantageous area than California, but if you like the area, why not stay? In a lower cost area though, the money will go alot further.

The first thing I'd do is get out of debt. Both of our cars are fairly new and in good shape, so we'd stick with them for a while. If I were to get a new car, it would be something like a Hyundai Sonata, a nice car, but not as obvious as a Mercedes or a Ferr... [ More ]

Reply #9

manzplan — Sat, 07 Jul 2007 12:09:16 GMT

It's too generous lol .... but watch out a couple on here will say you are greedy no matter what you say.

pssssst just tell those ones you'll buy a lot of 300k cars with the money to p*ss them off lol

Reply #8

justxploring — Sat, 07 Jul 2007 08:35:49 GMT

It would be a personal choice. If you didn't need to test drive it, you could buy it over the net. Once I worked for a loan company (so obviously these buyers weren't millionaires) and it's not uncommon these days for people to buy without seeing the car if they know the dealer is reputable. One client bought a BMW. I don't know if I'd do it however, but it's getting more and more common. I know CA has its own emission controls laws, but I haven't sold cars in over 10 years, so I don't keep... [ More ]

Reply #7

mylollipop — Sat, 07 Jul 2007 07:46:49 GMT

Very, very, practical.

Reply #6

JackpotWanna — Sat, 07 Jul 2007 02:36:37 GMT

Sounds like a good plan.

Reply #5

MIlottoplayer — Sat, 07 Jul 2007 00:29:49 GMT

I've always loved the look of Lamborginis/Ferraris but where I live there are no dealerships around. The only real sports car dealearship is Porche. I've always wondered how I'd go about checking out fancy/real sports cars from where I'm at? I mean would I have to fly out to a dealership in Los Angeles and just buy one there and have them truck it to my state? It's just one of those things I've always wondered about just in case I won and had the money to do something crazy like that.... [ More ]

Reply #4

justxploring — Fri, 06 Jul 2007 22:29:30 GMT

Nice - there's a dealership down the road a bit that sells them. I was in their showroom last year and I believe that's the model they had for about $178,000 but I could be mistaken.

Reply #3

ambelamba — Fri, 06 Jul 2007 22:20:12 GMT

Well, if I win...my one big indulgence might be a silver Aston Martin DB9. Perhaps I can fetch a used one for a low price...

Reply #2

justxploring — Fri, 06 Jul 2007 15:29:38 GMT

Nobody can judge what is selfish for someone else. I agree with DD that your plan sounds very practical. If you invest your money wisely, you can always decide to help others in need when you feel it's appropriate. I wouldn't just give away all my money either. I probably wouldn't spend that much for a house, but if you want to live in certain areas of CA, that's not an astronomical amount of money. In many coastal communities of FL, you can spend $2 million easily. I'm one of these the sm... [ More ]

Reply #1

DoubleDown — Fri, 06 Jul 2007 15:18:52 GMT

Does not sound selfish to me. Sounds prudent.

BTW, Thank you for your service. God Bless our Vets.....

Putting most of jackpot prize in investment?

ambelamba — Fri, 06 Jul 2007 07:30:28 GMT

Say I won 20millions as a lumpsum prize after tax and everything. I put 80% of it (16 millions) in various investments, incluing annuity and income properties that give me steady flow of income. (well, I don't think I can buy a lot of income properties because buildings are mighty expensive in Los Angeles County.) 20% of money goes into my housing (2.5 millions because that's the average price of 4 bedroom house in Santa Monica) and 1.5 million into money market, an emergency cash reserve.

I... [ More ]