Lottery Winners who make their money grow

Reply #21

DELotteryPlyr — Wed, 29 Jul 2015 01:38:31 GMT

Yea, that show makes it REALLY hard to trust ANYONE. But its cool they show all these thieves and how they do it. I think its more about diversity, put SOME money in several places, so if ONE rips you off you still have most of your money.

Reply #20

Funtimz — Wed, 29 Jul 2015 01:19:26 GMT

I watch too much of American Greed to really believe in investing.

Reply #19

darthfury78 — Tue, 28 Jul 2015 23:41:18 GMT

20 years ago, short term interest rates was around 3% for Treasury Bills; around 5% for Treasury Notes, and around 6% to 7% for Treasury Bonds. I remember that a 5 year CD was giving a 6% yield. But thanks to the manipulation of the Federal Reserve, interests rates are now less than 1%. The only why a person is going to get more than that is in the stock market as the interest rates on Bonds are terrible. It might take a generation or more for interests rates to get to where they were in the ear... [ More ]

Reply #18

mikeintexas — Tue, 28 Jul 2015 17:22:10 GMT

Same here. Barring catastrophic circumstances, a couple million could easily last me 20 yrs. or longer.

Reply #17

rcbbuckeye — Tue, 28 Jul 2015 15:39:03 GMT

At my age, if I win a jackpot, I'm more interested in money protection, than money growth. Because interest rates are so low, it takes risky investments to grow money. You can't really grow money like you could 20 years ago.

But, if I won a few million, I wouldn't need to.

Reply #16

darthfury78 — Tue, 28 Jul 2015 15:24:33 GMT

There are ways to turn $100 Million into $1 Billion through investing in an investment portfolio of Blue-Chip Stocks like Nike and Disney and setting aside $40 Million into Preferred Stocks that pays a set dividend that could be used as investment income that could be put into short term corporate bonds.

It's not impossible to turn $100 Million into $1 Billion. The question is how much risk is a Lottery Winner willing to take to get there as having that kind of money is a business that most... [ More ]

Reply #15

KY Floyd — Mon, 27 Jul 2015 05:55:57 GMT

**So in 10 years or since 2005, Brad has given away $2 mil to charity- at this pace, its $4 mil in 20 years, $8 mil in 40 years and so on and so forth..

As near as I can tell, the other thing that happened in the intervening 10 years is that Duke hasn't come anywhere near his supposed goal of increasing his principal by over 1000 percent. That's actually a good thing, because it shows that he's not stupid enough to accept the risk that would be necessary to get that kind of return. Even if y... [ More ]

Reply #14

Coin Toss — Mon, 27 Jul 2015 03:38:56 GMT

Quite a difference between doing what Brad Duke did and Edwards taking an entourage to Las Vegas.

Reply #13

noise-gate — Mon, 27 Jul 2015 00:25:24 GMT

Brad Duke won $220,000,000 in 2005, since then he has been as you say disciplined and thoughtful . On his win, the following is written...

The total annuity prize from Powerball was $220 million, and he received $126 million of that in a check.

After $40 million in personal taxes were deducted, he received $86 million.

He started several ventures with a staff of about 20 - a personal assistant, accountants, a publicist, sales people and consultants. Brad left a large portion of his win... [ More ]

Reply #12

music* — Sun, 26 Jul 2015 22:49:10 GMT

Children do what feels good. Adults make plans and follow through with them.

Sure, Adults can change their minds and plans but then they follow through with the new plans.

David Lee Edwards said he wanted to do good with his money but he did not act upon his intentions.

Brad Duke is not a Charlie good time but he is an adult, disciplined, and thoughtful. I am thankful that he appears on How the Lottery Changed My Life.

Reply #11

Coin Toss — Sun, 26 Jul 2015 22:37:49 GMT

Just consider David Lee Edwards and Brad Duke.

Two opposites.

Reply #10

hearsetrax — Sun, 26 Jul 2015 21:12:28 GMT

Reply #9

music* — Sun, 26 Jul 2015 19:39:39 GMT

Will Rogers said, I am more concerned with the return of my money then with the return on it.

CDARS could be what I am looking for.

Reply #8

noise-gate — Sun, 26 Jul 2015 18:37:22 GMT

Reply #7

Coin Toss — Sun, 26 Jul 2015 18:34:10 GMT

The less you flash*

The better your chance of keeping the cash

*

Multiple high en cars

Mansions

Bling

etc....

Reply #6

noise-gate — Sun, 26 Jul 2015 18:13:57 GMT

l can understand investing your money if say you won a $200 mil jackpot, but attempting to let it grow to become a Billion Dollars?- for what purpose? So that others would, could reap the benefits of your struggle to amass that wealth, screw that- l would call that an obsession! Heck, if you not satisfied with $200 mil, what makes you think you going to be satisfied with a Billion Dollars? When would one be enjoying their wealth if all one tells themselves Reach a Billion Baby . I would want to

Reply #5

darthfury78 — Sun, 26 Jul 2015 17:48:36 GMT

Agreed. Otherwise, some of them might have friends and family members knocking on their door asking them for a handout. On the extreme, if they find out that you're a lottery winner, they might even kill you...

Reply #4

myturn — Mon, 13 Jul 2015 20:56:39 GMT

I suspect there are many, but these people are far too sensible to go public about their finances. All lottery winners should be offered independent financial advice, which the UK lottery offers.

Reply #3

KY Floyd — Mon, 13 Jul 2015 19:34:03 GMT

I'm guessing there's a strong correlation between managing your lottery jackpot well and not having the media report about what's happened since you won. If somebody is disciplined enough to invest wisely and spend appropriately I don't expect them to be the subject of news stories. I think Brad Duke is probably unusual, in that he seems to appreciate some media attention, but hasn't done anything really stupid for the media to report on.

That said, I've seen a few reports that say people who... [ More ]

Reply #2

TheSatyr — Sun, 12 Jul 2015 22:44:57 GMT

smart ones invest. yes! Gold

Reply #1

music* — Thu, 09 Jul 2015 00:54:22 GMT

There are those winners who invested in real estate. Large homes on many acres of land. Such as the two families in Oregon. They split their winnings amongst themselves. I will use the search engine here on Lottery Post and try to get the names.

I searched Oregon families who won big jackpot. I found The West Family Foundation and The Robert Frances Chaney Family Foundation. November 2005

I also found on the same page, Neal Wanless June 5,2009.

Search for more and you will find what

Lottery Winners who make their money grow

darthfury78 — Thu, 09 Jul 2015 00:36:38 GMT

Are they any success stories out there whereby Lottery winners invest their money and end up with more money than what they got from the initial ceremonial check, aside from Brad Duke? I certainly would love to see if there are Lotto winners who won on average $5 Million to $10 Million and was able to make it grow into $60 Million to $100 Million in less than 10 years.