What to do with all that moola?Prev TopicNext Topic

• bambini

  

  United States
  Member #34,265
  March 1, 2006
  188 Posts
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  Nov 29, 2006, 3:30 pm

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  Buy a malibu beach house, and watch the surf.
• stavros

  

  Florida
  United States
  Member #6,147
  August 8, 2004
  1,396 Posts
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  Nov 29, 2006, 3:31 pm

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  In response to Coin Toss

  Quote: Originally posted by Coin Toss on Nov 29, 2006

  Doesn't "just put it all in the bank" kind of knock out "all of the above"?

   

  No. You put it in the bank and disperse as needed from there.

  Good Luck!

  Stavros

   
• murdoog

  

  United States
  Member #9,639
  December 14, 2004
  18 Posts
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  Nov 29, 2006, 3:39 pm

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  In response to lottolaughs

  Quote: Originally posted by lottolaughs on Nov 29, 2006

  Maybe I'm old fashioned but I'd put it in the bank!

  You are smart to want to put it away, but if you ever win it would be a good idea to put some of it into the stock market. You wouldn't need to buy individual stocks, just put it in a good mutual fund like the Vanguard Total Stock Market Index Fund.
• Surge

  

  Ohio
  United States
  Member #46,492
  September 11, 2006
  4,212 Posts
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  Nov 30, 2006, 8:21 pm

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  In response to murdoog

  Quote: Originally posted by murdoog on Nov 29, 2006

  You are smart to want to put it away, but if you ever win it would be a good idea to put some of it into the stock market. You wouldn't need to buy individual stocks, just put it in a good mutual fund like the Vanguard Total Stock Market Index Fund.

  Interesting you brought up that mutual fund murdoog.  I have Vanguard Total Stock Market Index Fund in my portfolio for my 403b, and it has done awesome this past year. 

  You could put a decent chunk of money in that mutual fund and completely forget about it, and be amazed at the results a year or more down the road.

  Imagine living off of interest for the rest of your life... now that's security.  There are people that make 150k-200k a month in INTEREST. 

  ‡ Keep it simple ‡
• tntea

  

  50

  United States
  Member #5,344
  June 30, 2004
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  Dec 3, 2006, 9:38 pm

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  In response to murdoog

  Quote: Originally posted by murdoog on Nov 29, 2006

  I would definitely upgrade my membership here. :)

  that is what I definitely call

  putting the cart in front of the

  horse

       OLD/Vtrac   Lottery Bible         Double Warnings      TN F34/F44
• justxploring

  

  Wandering Aimlessly
  United States
  Member #25,359
  November 5, 2005
  4,461 Posts
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  Dec 4, 2006, 12:52 am

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  After the past couple of weeks I think I'd just be happy to pay off my bills, relax and then volunteer to help children. There's a city about an hour from my home that has many migrant farmers who live 3 families to a trailer and have barely enough to survive. So many people I've met lately are kind and loving yet have so little.  Imagine what joy on Christmas someone with so much money could give to a needy family. It's warm here, but I remember when Johnny Carson would tearfully read the letters to the post office. One boy wrote to Santa and asked for new socks for his sister.
• ryanm

  

  Morrison, IL
  United States
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  May 13, 2004
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  Jan 3, 2007, 11:36 pm

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  I'd invest most of it in gold and foreign currencies (especially the euro) in anticipation of the inevitable collapse of the US dollar! Just one more reason why no winner should EVER choose annuity (dollars may be no more by the end of 26 years)!!
  
  http://www.richardheinberg.com/museletter/149
  
  Of course, if I'm wrong and the US experiences deflation instead (which, under Bernacke, is less likely to happen than me winning Powerball or Mega Millions)...
• Coin Toss

  

  Zeta Reticuli Star System
  United States
  Member #30,469
  January 17, 2006
  11,788 Posts
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  Jan 4, 2007, 12:55 am

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  There is more and more talk about the "Amero", a planned joint currency for Canada, thje US, and Mexico.  "Tin hat" I know, but sure would play heck with things I think.

   

  Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners. 

  

  There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
• ryanm

  

  Morrison, IL
  United States
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  May 13, 2004
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  Jan 4, 2007, 8:00 am

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  Multi-country currencies may become more of a trend if the euro can hold as a world currency reserve.
• Blackie

  

  50

  Norfolk , Va
  United States
  Member #4,541
  May 2, 2004
  31,253 Posts
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  Jan 8, 2007, 12:18 am

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  In response to ryanm

  Quote: Originally posted by ryanm on Jan 3, 2007

  I'd invest most of it in gold and foreign currencies (especially the euro) in anticipation of the inevitable collapse of the US dollar! Just one more reason why no winner should EVER choose annuity (dollars may be no more by the end of 26 years)!!
  
  http://www.richardheinberg.com/museletter/149
  
  Of course, if I'm wrong and the US experiences deflation instead (which, under Bernacke, is less likely to happen than me winning Powerball or Mega Millions)...

  Gold would probably be a good investment since it is always going up in the long run. I have a few Gold Eagles graded MS 70 in my banks SDB. I see them going up alot in the future. Not an expert at it just my thoughts.

   

   Good Luck,

  Blackie.