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How would you go about investing a MM & PB win in excess of $80 million

Topic closed. 33 replies. Last post 4 years ago by Artist77.

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noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
Bay Area - California
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December 12, 2012
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Posted: February 24, 2013, 2:16 pm - IP Logged

Would friends far & wide benefit from your windfall?

    RJOh's avatar - chipmunk
    mid-Ohio
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    Posted: February 24, 2013, 2:23 pm - IP Logged

    Would friends far & wide benefit from your windfall?

    I would never say until after I had won.  Why lose friends over something that might never happen.

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

      mightwin's avatar - questns

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      Posted: February 24, 2013, 2:37 pm - IP Logged

      Nope, better off not to start giving anyone anything, then you will know who your true friends are.  And since I don't have any because I work too much it won't be a problem for me lol

        noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
        Bay Area - California
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        Posted: February 24, 2013, 2:43 pm - IP Logged

        I would never say until after I had won.  Why lose friends over something that might never happen.

        ..RJOH- point taken, but you have not answered the first part of the question..how would you invest that serious scratch?

          savagegoose's avatar - ProfilePho
          adelaide sa
          Australia
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          April 11, 2006
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          Posted: February 24, 2013, 4:13 pm - IP Logged

          giving to friends, doesn't sound like investing. My plan would be getting  it all in investments and a   financial plan, and a budget. Before  spend anything on   " stuff " i  would want to know haw much income will be available.  everything bought would have maintenance costs and insurance  added, and accounted for.  then ill see what i can afford to blow on junk. like cars and holidays. boats, houses, and of course gifts.

          2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

          keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

            helpmewin's avatar - dandy
            u$a
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            Posted: February 24, 2013, 5:50 pm - IP Logged

            Would friends far & wide benefit from your windfall?

             

            Let it Snow Snowman

              HoLeeKau's avatar - YheaShea
              Idaho
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              Posted: February 24, 2013, 6:09 pm - IP Logged

              I would never say until after I had won.  Why lose friends over something that might never happen.

              Hmmm ... I think you just answered ...  Poke

                HoLeeKau's avatar - YheaShea
                Idaho
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                Posted: February 24, 2013, 6:11 pm - IP Logged

                Nothing to friends and family.  I'd give some to charity.  Keep enough to have 22 mil after taxes.  Invest 15 mil in a low risk investment that is paying 1 or 2% right now.  Invest the 5 mil in a moderate risk investment.  Spend the rest.

                  psykomo's avatar - animal shark.jpg

                  United States
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                  May 30, 2004
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                  Posted: February 24, 2013, 6:43 pm - IP Logged

                  Nothing to friends and family.  I'd give some to charity.  Keep enough to have 22 mil after taxes.  Invest 15 mil in a low risk investment that is paying 1 or 2% right now.  Invest the 5 mil in a moderate risk investment.  Spend the rest.

                  I Agree! HoLeKu>>>>>>>>>>>ALMO$T<<<<<<<<<<<<<<<<<<<<<$$$$

                  Psyko would like friend's on right hand 2 receive:    $100,000 EACH

                                            friend's on left >hand 2 receive:    $  75,000 EACH

                  Psyko would like friend's on right foot>2 receive:     $  50,000 EACH

                                            friend's on D left foot 2 receive:      $  25,000 EACH

                  Psyko's "special" Lottery Post friend's>2 receive:     $250,000>EACH

                    PartyDancePartyScaredDrumScaredPartyDanceParty


                    United States
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                    Posted: February 24, 2013, 6:58 pm - IP Logged

                    Would friends far & wide benefit from your windfall?

                    Friends benefiting...hmmm don't know yet...I'd probaly give at random....but only if the notion hit me...I definately secure my future financially first...then comes the cars, vacation homes, trips, etc...

                      Artist77's avatar - batman14

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                      Posted: February 24, 2013, 7:03 pm - IP Logged

                      Nope, better off not to start giving anyone anything, then you will know who your true friends are.  And since I don't have any because I work too much it won't be a problem for me lol

                      lol  I work a lot too but still have friends.  But I agree about not giving them anything for some time. There are only 3 friends to whom I might give a small sum....giving 6 figures would ruin a friendship. I would not expect any friend who won that much to give me a dime and I would say no thanks if I were offered money.

                      J'aime La France.

                        mightwin's avatar - questns

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                        Posted: February 24, 2013, 7:19 pm - IP Logged

                        I haven't looked at bonds in awhile but I think if you get municiple bonds? they are exempt from state and local taxes, I could be wrong or they could of changed. So don't quote me on it

                          Artist77's avatar - batman14

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                          Posted: February 24, 2013, 7:22 pm - IP Logged

                          I haven't looked at bonds in awhile but I think if you get municiple bonds? they are exempt from state and local taxes, I could be wrong or they could of changed. So don't quote me on it

                          I would have bought munis at one time but too many cities are suffering financially and those are not risk free.

                          J'aime La France.

                            mightwin's avatar - questns

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                            Posted: February 24, 2013, 7:35 pm - IP Logged

                            I would have bought munis at one time but too many cities are suffering financially and those are not risk free.

                            True, would you get into gold or silver? I think they might go up a little (not like if you bought them say 20 years ago) but ya never know these days.

                              mightwin's avatar - questns

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                              Posted: February 24, 2013, 7:47 pm - IP Logged

                              Or if you wanted your money safe you could go with CDARS. I think you can have up to $50 million but who knows if you would make any $ off interest