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lump sum payes $3Billion?

Topic closed. 6 replies. Last post 4 years ago by Ronnie316.

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United States
Member #138296
January 24, 2013
28 Posts
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Posted: January 30, 2013, 12:26 pm - IP Logged

lump sum of $259 million, earning on average 10% then in 26 years, you will have around $3 Billion.

How in the world do you get from $259m to $3B in just 26 years?! That is x11.58 growth. Not even the Trumpster is that smart. Or has he taken a page from a ponzi schemer who went to jail?

My calculations total about $1B, not $3B. Nevermind that $363m / 26 annuity is $14m annually. No one could match 4% the feds guarantee; thus annuity is a much better choice.Plus, if current investments are bad, you just switch when you get the next check. And, ifcourse, you cant blow all your dough.

It was said that the last PB jackpot winners of $570m who took the lump sum saved $90m over 30 years. Huh? Less money = less taxes. I dont see any savings here.


    United States
    Member #130815
    July 25, 2012
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    Posted: January 30, 2013, 2:10 pm - IP Logged

    lump sum of $259 million, earning on average 10% then in 26 years, you will have around $3 Billion.

    How in the world do you get from $259m to $3B in just 26 years?! That is x11.58 growth. Not even the Trumpster is that smart. Or has he taken a page from a ponzi schemer who went to jail?

    My calculations total about $1B, not $3B. Nevermind that $363m / 26 annuity is $14m annually. No one could match 4% the feds guarantee; thus annuity is a much better choice.Plus, if current investments are bad, you just switch when you get the next check. And, ifcourse, you cant blow all your dough.

    It was said that the last PB jackpot winners of $570m who took the lump sum saved $90m over 30 years. Huh? Less money = less taxes. I dont see any savings here.

    If I had won 570 million or rather lump sum  259 million.......Im not sure if I'd care if I hit 1 billion or not......like 259 million won't sustain me or anybody else for that matter....please oh please I want to have problems like that someday...today in fact Id love it....

      RJOh's avatar - chipmunk
      mid-Ohio
      United States
      Member #9
      March 24, 2001
      19895 Posts
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      Posted: January 30, 2013, 4:12 pm - IP Logged

      At least a millions PB players will happy to win tonight's jackpot lump sum and it's less than $100M.

       * you don't need to buy more tickets, just buy a winning ticket * 
         
                   Evil Looking       


        United States
        Member #138296
        January 24, 2013
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        Posted: January 30, 2013, 6:41 pm - IP Logged

        Mod erased link, thus I cant point to what in the world I was referring to. An economist was claiming you could get %10 for 26 years.How? I have no idea. Anycase, is it better to take lump sum and risk your own bad investments, or let the feds add 0.04 annualy with no risk to you?


          United States
          Member #116268
          September 7, 2011
          20244 Posts
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          Posted: January 30, 2013, 7:01 pm - IP Logged

          Mod erased link, thus I cant point to what in the world I was referring to. An economist was claiming you could get %10 for 26 years.How? I have no idea. Anycase, is it better to take lump sum and risk your own bad investments, or let the feds add 0.04 annualy with no risk to you?

          Not quite sure how you got yourself all lathered up over someone talking about a 10% ROI. People who are smart and have money get that and more all the time, and you don't need a new miracle product to get it. 

          Why do you think developers built housing tracts and apartment buildings and commercial buildings? 

          And what about land? When I moved to Phoenix land in Fountain Hills was about 1000 times cheaper.


            United States
            Member #116268
            September 7, 2011
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            Posted: January 30, 2013, 7:01 pm - IP Logged

            Yes Nod


              United States
              Member #116268
              September 7, 2011
              20244 Posts
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              Posted: January 30, 2013, 7:02 pm - IP Logged

              LOL