Where to put 241 million after taxes??

Reply #28

Colt45ML — Tue, 20 Mar 2012 21:10:42 GMT

Yes, farmland and agriculture in general is where the money is going to be in the future. Farmland is being converted into living space the world over, so the supply is going down. Also, a lot more people worldwide, espcially China, India, and other countries in Asia, are wealthy enough to want more than a handful of rice a day to subsist on. They are demanding more and better food. So, there you have it; the supply is down and the demand is up. Seems like a money making proposition to me.

Reply #27

time*treat — Tue, 20 Mar 2012 20:01:33 GMT

They can take your tv or laptop or canned veggies. Do you worry about who holds those

Reply #26

Colt45ML — Tue, 20 Mar 2012 19:30:36 GMT

Everything you say here is right on. Plus, with this jackpot, you could go abroad and look into buying a safe haven property that you could escape to IF stuff starts hitting the fan here. The so called rich, or those precieved to be so, will be the first ones strung up on the nearest lamp post by the mob AND the goverment. It wouldn't be a bad idea to go ahead and apply for residency (green card) in some country that you are easily ammenable to living in for the rest of your life if you had to.... [ More ]

Reply #25

Colt45ML — Tue, 20 Mar 2012 19:05:20 GMT

There are several businesses in Switzerland, as well as Singapore and Hong Kong, that will store your gold in about the most secure circumstances of any in the entire world. If your gold is looted from these places you will know that life itself on the entire earth is untenable to the point that your gold is the very least of your worries.

If you do some research into the so called Great Depression, you will note that FDR declared it illegal for American citizens to own gold, and further more... [ More ]

Reply #24

Colt45ML — Tue, 20 Mar 2012 18:35:27 GMT

Did you know that our government is the only goverment in the world that taxes their citizens' worldwide income, no matter if they live in the US or not?

Another little tid bit: It has been intimated widely that most US consulates worldwide have at least a 6 month backlog of applications by American citizens to expatriate (i.e., give up their American citizenship). I suspect that a high percentage of these folks are part of the so called 1% that are highly creative, highly productive, plus m... [ More ]

Reply #23

Colt45ML — Tue, 20 Mar 2012 18:18:44 GMT

You might as well just hire a couple of helicopters and fly over your community and throw all your money over the side because that is the equivalent of what you are proposing, and quicker too.

Reply #22

MADDOG10 — Tue, 20 Mar 2012 17:14:13 GMT

Payouts as follows:

Wisconsin:7.75% State Tax - $718,365

- $13,252,500

Your net per year: $6,233,558 Your net payout: $114,997,500

After 26 payments: $162,072,508

Reply #21

NightStalker — Tue, 20 Mar 2012 12:27:54 GMT

Seriously seek financial advice. Find a trusted local accountant and/or financial advisor. Don't rush into it. Any bank you decide to put your $100+ million dollars in probably isn't going belly up in the next few months.

Reply #20

kapla — Tue, 20 Mar 2012 11:34:53 GMT

good point with dividends, APPLE just started paying a dividend. But then you are investing in a company that uses slave labor overseas to produce its products -

Invest in your LOCAL community - create jobs locally, help your family, friends and neighbors first.

find a local company that is paying dividends.

Reply #19

maximumfun — Tue, 20 Mar 2012 03:22:33 GMT

Saddly you may be right there that there are precious few 'low risk' investments left. That said, if I really believed that then neither the annuity (it might go bankrupt), nor the cash option (all my experts might have an EPIC FAIL and I go belly-up - cashwise) would be the better choice as both would be lost and I would lose everything.

That said, if everything went bellyup... things would be significantly worse than just losing my measly 87-ish million. The economy would probably have cras... [ More ]

Reply #18

markp1950 — Tue, 20 Mar 2012 03:14:16 GMT

I like gold but who holds it?

If somebody else holds it when The **** hits the fan they can take your gold.

If you hold it somebody in a Prius and a gun can take your gold. $50,000,000 is what 2,000#???? Well... more than a Prius but you get the idea.

I like coins so when it flies you can trade one coin at a time.

Reply #17

markp1950 — Tue, 20 Mar 2012 03:05:34 GMT

After 2008 I don't believe that there is ANY low risk investmants.

Fed going bankrupt

States going bankrupt

Banks going bankrupt.

Best during that period Iowa farmland.

We saved them once, it WON'T happen again.....

OH btw I get 102,818,000 after taxes.

Reply #16

markp1950 — Tue, 20 Mar 2012 02:59:26 GMT

According to a tax estimator I get $102,818,000 after taxes.

I better move to SD where I would get $111,000,000

Reply #15

joshuacloak — Mon, 19 Mar 2012 18:34:09 GMT

take a lesson form usa rich

aka our billionaires , we have the must billionaires then any nation.

how do they make their money?

billionaires often use stock divindends as their #1 way.

must of them own the company's stock that then pays billionaires their money back via divindends.

so i highly suggest, u buy some great divind paying stocks research it

,many billionaires them self's have wrote books on this. and read them

don't listen to mr dumbass average americ... [ More ]

Reply #14

ohfive — Mon, 19 Mar 2012 14:34:03 GMT

I would personally seek financial advisors ect......

- wish you all the best for tomorrows drawing

Reply #13

sully16 — Mon, 19 Mar 2012 13:06:11 GMT

Good advice.

Reply #12

LottoGuyBC — Mon, 19 Mar 2012 12:36:18 GMT

that's gonna be a hell of alot of coffee cans

just get a real big mattress

+ a Xtra Large fridge

Reply #11

dallascowboyfan — Mon, 19 Mar 2012 12:25:49 GMT

Get a coffee can and dig a hole in the back yard.....

Seriously though seek financial advise.......

Reply #10

LottoGuyBC — Mon, 19 Mar 2012 12:17:08 GMT

1000+ Checking Savings acct

Reply #9

markp1950 — Mon, 19 Mar 2012 02:47:27 GMT

It's 241 million in payments. I would be 91 when I got my last check.

170 million cash, before our governor takes the cash. Leaves me with about $100 million...

Would move to SD/WY where the state doesn't take cash.

Reply #8

haymaker — Mon, 19 Mar 2012 02:20:07 GMT

Ok you CDanaT are friends, i tell people i know about LP also,

a'm i right,orlando ain't that big a town,been there a couple times.

Reply #7

Jack-C — Mon, 19 Mar 2012 02:14:22 GMT

They put it in Municiple Bonds. The interest they earn is TAX FREE.

Reply #6

TheRightPrice — Mon, 19 Mar 2012 02:07:58 GMT

CDanaT, if you ever do win, your life will be full of Drama. Everybody will attack you, hunt you down, look for some way to sue you and even your family and friends will turn on ya. Be careful what u wish for.

Not being negative, just too many horror lottery stories out there

Reply #5

CDanaT — Mon, 19 Mar 2012 02:04:22 GMT

Have to buy some Gold,Silver, land, keep a few million in cash for a slush fund....invest in companies that give out dividends,...put 40 million away to live off the interest, give the rest away to charity,family,close friends. last but not least..HAVE FUN, travel and never live with drama again

Reply #4

zinniagirl — Mon, 19 Mar 2012 01:59:11 GMT

First things first, protect your money. Be sure to deposit some into your IRAs for Retirement Then depending on your age, invest portionally to your risk. If you are 50, then half of it should be in low risk investments. If you are 30 then 30% should be in low risk investments. Just be sure you understand what your advisers are selling you

Reply #3

haymaker — Mon, 19 Mar 2012 00:32:49 GMT

i don't know how old you are, but real estate will come back,

it always does, its cyclical .

Reply #2

time*treat — Mon, 19 Mar 2012 00:09:50 GMT

These aren't recommendations, just some possibilities* ...

Treasury paper (notes bonds), corporate bonds, muni bonds, CDARS (a bit like 100 accounts, but less paperwork), precious metals.

*Gotta put disclaimers on everything, these days.

Reply #1

PoeticJustice32 — Sun, 18 Mar 2012 23:58:09 GMT

I've wondered about this myself. Would love to read what people come up with.

Where to put 241 million after taxes??

vagirl — Sun, 18 Mar 2012 22:49:26 GMT

Hi everyone!!!!

I was just wondering if someone happens to win the 241 million jackpot (I pray in the NAME OF JESUS that its me) where would someone put all that money? Where do the millionares of the world put all of their wealth if they don't invest it in real estate, stocks, or the like? The Federal Reserve only covers accounts that contain $250,000 or less. Do you end up opening like 100 checking or savings accounts???

Thanks everyone and have a blessed evening