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Where would you invest your winnings?

Topic closed. 29 replies. Last post 5 years ago by rdgrnr.

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dk1421's avatar - Lottery-024.jpg
North Carolina
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September 1, 2008
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Posted: August 8, 2011, 10:51 am - IP Logged

I was just thinking about if I won the PB and took home the $118 in cash (before taxes).

With the Dow dropping, our credit rating going down, the recession continuing - not to mention Europe and the financial problems they are having... WHERE would you invest your winnings?

Will it be a Bond for a new high school in your town? Mutual Funds that diversify? Stock in Gold? CD's from the bank? Stuffing it into your mattress?

With everything starting to look so bleak, I'm rethinking my strategy.

"Don't be a schmuck, always take the cash." -Coin Toss

    rdgrnr's avatar - walt
    Way back up in them dadgum hills, son!
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    Posted: August 8, 2011, 11:02 am - IP Logged

    Commodities, Real Estate, something tangible.

    I'd want to get rid of the cash quick before the moron at the helm of this country destroys that too.


                                                 
                         
                                             

     

     

     

     

                                                                                                       

    "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                --Edmund Burke

     

     

      hearsetrax's avatar - 0118

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      May 21, 2007
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      Posted: August 8, 2011, 11:03 am - IP Logged

      I was just thinking about if I won the PB and took home the $118 in cash (before taxes).

      With the Dow dropping, our credit rating going down, the recession continuing - not to mention Europe and the financial problems they are having... WHERE would you invest your winnings?

      Will it be a Bond for a new high school in your town? Mutual Funds that diversify? Stock in Gold? CD's from the bank? Stuffing it into your mattress?

      With everything starting to look so bleak, I'm rethinking my strategy.

      Roll Eyes and your just now having such thoughts !!??.......

      personally .... I doubt thars gonna be any such thing as a safe investment

        rcbbuckeye's avatar - Lottery-043.jpg
        Texas
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        October 23, 2007
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        Posted: August 8, 2011, 11:04 am - IP Logged

        Funny you should ask!!!

        I run a pool at work and I made the comment the other day that if I or we won, I would probably install a fireproof safe in my house and just keep the cash. At least I wouldn't have to worry about somebody else or the government losing my money for me.

        CAN'T WIN IF YOU'RE NOT IN

        A DOLLAR AND A DREAM (OR $2)

          sully16's avatar - sharan
          Ringleader
          Michigan
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          Posted: August 8, 2011, 11:08 am - IP Logged

          Funny you should ask!!!

          I run a pool at work and I made the comment the other day that if I or we won, I would probably install a fireproof safe in my house and just keep the cash. At least I wouldn't have to worry about somebody else or the government losing my money for me.

          I Agree! Well said.

           HyperBe Happy.

            Raven62's avatar - binary
            New Jersey
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            Posted: August 8, 2011, 11:10 am - IP Logged

            I was just thinking about if I won the PB and took home the $118 in cash (before taxes).

            With the Dow dropping, our credit rating going down, the recession continuing - not to mention Europe and the financial problems they are having... WHERE would you invest your winnings?

            Will it be a Bond for a new high school in your town? Mutual Funds that diversify? Stock in Gold? CD's from the bank? Stuffing it into your mattress?

            With everything starting to look so bleak, I'm rethinking my strategy.

            Don't put the Cart before the Horse: Ya Gotta Win First! LOL

            A mind once stretched by a new idea never returns to its original dimensions!

              diamondpalace's avatar - Untitled 2.jpg
              Dallas, TX
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              Posted: August 8, 2011, 11:16 am - IP Logged

              Green renewbale energy.

                Raven62's avatar - binary
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                Posted: August 8, 2011, 11:41 am - IP Logged

                Green renewbale energy.

                Realistically: It'll be a Cold Day in Hell Before Ya Win: And their seems to be no end to the Government Crooks to Fuel the Fire! LOL

                A mind once stretched by a new idea never returns to its original dimensions!

                  tiggs95's avatar - Lottery-036.jpg

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                  Posted: August 8, 2011, 11:45 am - IP Logged

                  tiggs will probably hire the biggest crook and biggest tax thief Tim Geithner..After that in the mattress it goes..

                                                                            Pure luck

                    Raven62's avatar - binary
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                    Posted: August 8, 2011, 12:03 pm - IP Logged

                    tiggs will probably hire the biggest crook and biggest tax thief Tim Geithner..After that in the mattress it goes..

                    LOL

                    A mind once stretched by a new idea never returns to its original dimensions!

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                      DFW, Texas
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                      Posted: August 8, 2011, 7:03 pm - IP Logged

                      At my age, I'd be heavily in boring but solid broad-based index funds.  I do not expect economic catastrophe, but I do think recession is coming back.  That's good for me because I'm young and recession makes stocks a better buy (lower prices).  I'd stay away from commodities (oil, gold, corn, etc.) except as a hedge against inflation.  Commodities are physical products, but they're also financial products.  They can make you a lot of money quickly, and can bust you quickly.

                      Bond funds are more conservative, if you're wanting protection against losses.  Money markets are generally very safe, too.  Bank of New York Mellon is actually going to charge 13 basis points on deposits over 50 million soon.  Right now, even straight bank deposits aren't always free.

                      You want to invest in things you understand.  Exotic things like foreign currencies and derivatives, and really even commodities, are games for professionals.  The professionals make a lot of money from people like you and me, who play games they don't understand.

                      You also want to invest based on your objectives.  Do you need money to live on for potentially 80 or 90 more years, or are you more likely to have only 20 or 30 more years?

                      With lottery-jackpot kind of money, I'd be interested more in preservation than in high return.  I'd go with boring, conservative investments: index funds, bond funds, and maybe 5% in gold as a hedge.

                      I spend only a few dollars a week on lottery tickets.  I'm not big on gambling.  You'd have to find the level of risk you're comfortable with.  But this is what I would do.

                        redhot7's avatar - SetforLifeLogo
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                        Posted: August 8, 2011, 7:21 pm - IP Logged

                        Probably with a 5 year CD with a minimum 2% interest or with a US Treasury Bond. I would probably take a class on how to invest before investing at a higher risk like the stock market. With CD and Treasury Bond, at least I get to keep the principal guaranteed (up to 250K per bank for CD). With other investments, I run the risks of losing the principal.

                          JonnyBgood07's avatar - Patriots logo1.jpg
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                          Posted: August 8, 2011, 7:26 pm - IP Logged

                          Don't need a million to invest for this penny stock.

                          Keep your eyes peeled on CBIS(cannabis sciences)..once the feds buckle in 2012 and finally admit it has medical applications,this biotech firm will make some wealthy folks.Hopefully they can keep the money flowing till then.

                          Particularly now that it has been found to inhibit cancer cell growth(even flat out kill it with certain types)

                           

                          ..and no I don't smoke pot ,..but if you follow the trends we are out of things to tax to death and this issue is massive and has been for quite a while.

                          "No matter how bad things may get, I'd like to thank my middle finger

                          for always sticking up for me.."

                           


                            sully16's avatar - sharan
                            Ringleader
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                            Posted: August 8, 2011, 7:35 pm - IP Logged

                            tiggs will probably hire the biggest crook and biggest tax thief Tim Geithner..After that in the mattress it goes..

                            Yep , might as well hire the pros.

                             HyperBe Happy.

                              greencobra7's avatar - box avatar.gif
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                              belfast
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                              Posted: August 8, 2011, 11:41 pm - IP Logged

                              tiggs will probably hire the biggest crook and biggest tax thief Tim Geithner..After that in the mattress it goes..

                              I could keep it for you..........Banana

                              All great accomplishments of mankind were realized by the fight of the few against the many.

                              I am choosing to be amongst the few!