|Posted: June 30, 2005, 11:00 pm - IP Logged|
I guess I have to say I would straddle the line on the Cash/Annuity option. Since MegaMillions pays over 30 years, my objective would be to hit $60 million plus. Under an annuity, I would see an annual pretax check for $2 Million for 30 years.
I think, after tax value would put it around $1.2 million, which would result in roughly a net bring home of $36 million after 30 years.
Now, if I took the cash option, I think I would get to see roughly $42 million pretax (not real sure about the actuall value, so don't crucify me for being wrong). The after tax value would be somewhere around $24 million.
Now, perhaps with some wise investing, utilizing the knowledge I have of the stock market ( I love option trading), over a course of a few years, I could easily surpass the value of $36 million. But, my mind can not fathom the idea of surrendering a third of estimated win just because I have no patience.
Now, maybye anything under $60 million, I would consider differantly, but for now, this is my general mindset, good, bad or indifferent.
I don't always claim to be right...I just don't want to admit being wrong.