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stupid lottery questions.

Topic closed. 25 replies. Last post 6 years ago by a2001kx.

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pa
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October 28, 2010
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Posted: October 28, 2010, 3:52 pm - IP Logged

1) where do you take a 100 million dollar check to be cashed/deposited?

2) if you wanted to have 100 million dollars in cash sitting around in your basement...what bank could cash that check for you and how long would it take to get the money?

3)how much space would 100 million dollars take up? in $100 bills.

4) how much interest could you collect from 100 million $

these are all problems i would like to have somedayWink

-- also new to the board from PA --

    garyo1954's avatar - garyo
    Dallas, Texas
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    Posted: October 28, 2010, 4:47 pm - IP Logged

    Stupid Answers to stupid questions

     

    1) You wouldn't cash it.  You would deposit it and make withdrawals over time .

    2) With $100 million you could build the basement the size you needed. Likely you wouldn't store cash. You would store diamonds or gold or coins. Paper...nah!

    3) Depends on how you plan to store it. So you'd get that answer building the basement. (see answer to question 2)

    4) Depends on where you deposit it or what you invest in.


      United States
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      Posted: October 28, 2010, 5:49 pm - IP Logged

      1) Liquor store of course...where else?

      2) It would take 5 business days to cash the check (Banco De Popular), and a newly built fortified basement

      3)

       basement

       

      4) 12%

        time*treat's avatar - radar

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        Posted: October 28, 2010, 5:55 pm - IP Logged

        Q1) where do you take a 100 million dollar check to be cashed/deposited?
        A1) For deposits, I recommend Time*Treat First NationalSM. Wink

        Q2) if you wanted to have 100 million dollars in cash sitting around in your basement...what bank could cash that check for you and how long would it take to get the money?
        A2) One of the major ones, but it'd be a logistical nightmare getting it to your house without drawing unwanted attention.
        Attention is inversely related to speed.

        Q3) how much space would 100 million dollars take up? in $100 bills.
        A3) A good-sized closet or small bedroom.

        Q4) how much interest could you collect from 100 million $
        A4) Plenty; mostly from the taxman, local politicians & other criminals, and people who suddenly became smitten with your attractiveness. Clown

        In neo-conned Amerika, bank robs you.
        Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency.

          sully16's avatar - sharan
          Ringleader
          Michigan
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          Posted: October 28, 2010, 6:17 pm - IP Logged

          Q1) where do you take a 100 million dollar check to be cashed/deposited?
          A1) For deposits, I recommend Time*Treat First NationalSM. Wink

          Q2) if you wanted to have 100 million dollars in cash sitting around in your basement...what bank could cash that check for you and how long would it take to get the money?
          A2) One of the major ones, but it'd be a logistical nightmare getting it to your house without drawing unwanted attention.
          Attention is inversely related to speed.

          Q3) how much space would 100 million dollars take up? in $100 bills.
          A3) A good-sized closet or small bedroom.

          Q4) how much interest could you collect from 100 million $
          A4) Plenty; mostly from the taxman, local politicians & other criminals, and people who suddenly became smitten with your attractiveness. Clown

          Merger ALERT   TIME*TREAT/SULLY16 ...24 HOUR CASH GUARDING SERVICE.Wink

           HyperBe Happy.

            Coin Toss's avatar - shape barbed.jpg
            Zeta Reticuli Star System
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            Posted: October 28, 2010, 6:22 pm - IP Logged

            1) where do you take a 100 million dollar check to be cashed/deposited?

            2) if you wanted to have 100 million dollars in cash sitting around in your basement...what bank could cash that check for you and how long would it take to get the money?

            3)how much space would 100 million dollars take up? in $100 bills.

            4) how much interest could you collect from 100 million $

            these are all problems i would like to have somedayWink

            -- also new to the board from PA --

            Re 1 above, A promoter in our area once did a project for a bank to generate new accounts. Someone was going to win an authentic Winchester 97 via a raffle of all those who had opened an account.

            The promotion went over exceptionally well and about a year later he contacted the same bank and said he had a new idea for them.

            He said that at that point the bankers told him that they didn't want that much new money coming in because after a bank hits a certain threshhold of actual cash on hand the rules change and the bank didn't want to have to go through all the hurdles to do so, and have federal bank examiners showing up frequently.

            Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

            Lep

            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.

              time*treat's avatar - radar

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              Posted: October 28, 2010, 6:25 pm - IP Logged

              Merger ALERT   TIME*TREAT/SULLY16 ...24 HOUR CASH GUARDING SERVICE.Wink

              Green laughGreen laughGreen laugh

              You folks are fast on the draw.

              In neo-conned Amerika, bank robs you.
              Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency.

                TeAl*888's avatar - octa feathers.jpg
                Ontario
                Canada
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                Posted: October 28, 2010, 6:26 pm - IP Logged

                here's one:

                Q: How much does it cost to Insure the cash in your basement against Flood or Fire or theft?

                A: Ask your local Mob member!

                one more:

                Q: Can you open your own Private Bank using the cash? and How much interest should be charged for the loans to local businesses and/or individuals?

                A: Yes if you pay off the appropriate Judges and Politicians.. %20 and up

                   J

                  grwurston's avatar - 144
                  Let's Go Rangers!!!
                  bel air maryland
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                  Posted: October 28, 2010, 6:47 pm - IP Logged

                  I'll worry about that when they hand me the check.

                    TheGameGrl's avatar - character catafly.jpg
                    A long and winding road
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                    Posted: October 28, 2010, 10:01 pm - IP Logged

                    1) where do you take a 100 million dollar check to be cashed/deposited?

                    2) if you wanted to have 100 million dollars in cash sitting around in your basement...what bank could cash that check for you and how long would it take to get the money?

                    3)how much space would 100 million dollars take up? in $100 bills.

                    4) how much interest could you collect from 100 million $

                    these are all problems i would like to have somedayWink

                    -- also new to the board from PA --

                    Welcome to Lottery Post! Hope you find these forums useful for game stradegy or just some feedback.

                    1: Banks require electronic transfer when dealing with amounts over 250,000. Thus the State lottery would have to do the transfer to a verified account within the United States. If from out of country winner, same rule applies it must transfer to a State account Held by an executor and then from there thru the International banking System.

                    2: Safes can be built and firproofed as well noted by the casino systems and bank systems.

                    3: Many people would carry a vested interest, especially financial advisors and lawyers...and ex spouses...oy!

                    4: No worries the odds are not in your favor to have such a problem, but if ya ever do come upon that problem, the quickest way to solve it is to advertise it. Lotsa people think they know what is best to do with the money...yet few know how to handle it....

                    It technically takes 14 to 21 days to verify thru the SEC the transfer of funds to an individual account in order to utilize...when its in the 250k and over....They audit the bank and the account holder for accuracy, ohh and Uncle Sam comes first!

                    ~~Is it true, Is it kind,Is it necessary. ~~~

                    pa:888,4445,6132,4444,8008

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                      pa
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                      Posted: October 28, 2010, 10:14 pm - IP Logged

                      Welcome to Lottery Post! Hope you find these forums useful for game stradegy or just some feedback.

                      1: Banks require electronic transfer when dealing with amounts over 250,000. Thus the State lottery would have to do the transfer to a verified account within the United States. If from out of country winner, same rule applies it must transfer to a State account Held by an executor and then from there thru the International banking System.

                      2: Safes can be built and firproofed as well noted by the casino systems and bank systems.

                      3: Many people would carry a vested interest, especially financial advisors and lawyers...and ex spouses...oy!

                      4: No worries the odds are not in your favor to have such a problem, but if ya ever do come upon that problem, the quickest way to solve it is to advertise it. Lotsa people think they know what is best to do with the money...yet few know how to handle it....

                      It technically takes 14 to 21 days to verify thru the SEC the transfer of funds to an individual account in order to utilize...when its in the 250k and over....They audit the bank and the account holder for accuracy, ohh and Uncle Sam comes first!

                      thanks for the answers.

                      like i said earlier..i hope i have these problems to worry about someday.

                      also i was talking to a friend of mine and when the powerball was $100+ million he said he would take the cash and i would take the annuity.

                      he said what if the lottery went bankrupt and you were getting annuity payments...  is that possible and would your winnings be affected if they did go belly up?

                        TheGameGrl's avatar - character catafly.jpg
                        A long and winding road
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                        Posted: October 28, 2010, 10:24 pm - IP Logged

                        your friend is correct. You are not guaranteed if annuity is forecasted. TEchnically they are to have secured funds to back up the annuity but the economy /market determines that.

                        Because you are from PA and I will presume you will claim in this state, we are most definitely borderline for the state going bankrupt or claiming a freeze on accounts....The Governor carries the right to freeze certain departments and the Dept of Rev that manages the PA lottery is just as easily a target for budget managment....

                        If speaking of Powerball grand win or Mega Million grand win, you may have a better chance on that since its multi state run .....for annuity.

                        RIght now cash is the better bet.....

                        ~~Is it true, Is it kind,Is it necessary. ~~~

                        pa:888,4445,6132,4444,8008

                          time*treat's avatar - radar

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                          Posted: October 28, 2010, 10:42 pm - IP Logged

                          thanks for the answers.

                          like i said earlier..i hope i have these problems to worry about someday.

                          also i was talking to a friend of mine and when the powerball was $100+ million he said he would take the cash and i would take the annuity.

                          he said what if the lottery went bankrupt and you were getting annuity payments...  is that possible and would your winnings be affected if they did go belly up?

                          Under varying circumstances, anything can affect your winnings -- war, inflation, executive order, legislation, comet impact.

                          The lottery going "bust" won't hurt you. They don't hold onto your annuity money, there are investment firms for that.

                          In neo-conned Amerika, bank robs you.
                          Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency.

                            TheGameGrl's avatar - character catafly.jpg
                            A long and winding road
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                            Posted: October 28, 2010, 11:19 pm - IP Logged

                            Under varying circumstances, anything can affect your winnings -- war, inflation, executive order, legislation, comet impact.

                            The lottery going "bust" won't hurt you. They don't hold onto your annuity money, there are investment firms for that.

                            So really he should invest in the TimeTreatSully Banking system which will always show interest in the money! *wink*

                            ~~Is it true, Is it kind,Is it necessary. ~~~

                            pa:888,4445,6132,4444,8008

                              Bagent's avatar - avatar 10424.gif
                              Vancouver, WA
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                              Posted: October 29, 2010, 7:09 am - IP Logged

                              As for your questions -

                              1.  what ever bank that you want to deposit it to.  Don't know of any who would cash a check that size.

                              2.  see answer above

                              3.  I am surprised to see no one posting this photo of $250 Million.

                              4.  Depends on the type of account/CD/investment that you can find.