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How would your portfolio look like?

Topic closed. 10 replies. Last post 3 years ago by NightStalker.

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London
United Kingdom
Member #148675
November 8, 2013
54 Posts
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Posted: November 16, 2013, 1:34 pm - IP Logged

Hi Folks, 

How would your portfolio look like if you win a big Jackpot? I always read and see Lottery winners getting broke after 5 to 10 years which makes me think of what they did wrong... 

Many thanks in Advance!!

    RJOh's avatar - chipmunk
    mid-Ohio
    United States
    Member #9
    March 24, 2001
    19903 Posts
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    Posted: November 16, 2013, 1:42 pm - IP Logged

    I wouldn't need a portfolio with an annuity check coming in every year.  All I would need to do is make it last until the next came.

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

      helpmewin's avatar - dandy
      u$a
      United States
      Member #106665
      February 22, 2011
      19967 Posts
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      Posted: November 16, 2013, 2:12 pm - IP Logged

      I wouldn't need a portfolio with an annuity check coming in every year.  All I would need to do is make it last until the next came.

      There ya go Thumbs Up

      Patriot

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        London
        United Kingdom
        Member #148675
        November 8, 2013
        54 Posts
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        Posted: November 16, 2013, 2:24 pm - IP Logged

        So if you have bought your house and paid off everything wouldn't you invest a bit of your money?

          RJOh's avatar - chipmunk
          mid-Ohio
          United States
          Member #9
          March 24, 2001
          19903 Posts
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          Posted: November 16, 2013, 3:01 pm - IP Logged

          So if you have bought your house and paid off everything wouldn't you invest a bit of your money?

          Why?  I did all the investing I'll ever have to do when I invested in the winning lottery ticket, at my age and a guaranteed income for the next thirty years I'm set for life.  I don't care about the value of my estate once I'm gone.

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

            Jill34786's avatar - Lottery-006.jpg
            Windermere, FL/Franklin, TN
            United States
            Member #50210
            March 1, 2007
            843 Posts
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            Posted: November 16, 2013, 4:22 pm - IP Logged

            Why?  I did all the investing I'll ever have to do when I invested in the winning lottery ticket, at my age and a guaranteed income for the next thirty years I'm set for life.  I don't care about the value of my estate once I'm gone.

            " I don't care about the value of my estate once I'm gone."

            That's an interesting analogy. I assume you are not married nor do you plan on having any children.

            ** Some people fulfill their dreams by receiving entitlements from the Government while others wake up and work hard for it! **

              haymaker's avatar - Lottery-012.jpg
              Egg Harbor twp.south Jersey shore
              United States
              Member #112968
              June 29, 2011
              3857 Posts
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              Posted: November 16, 2013, 6:56 pm - IP Logged

              R.E.I.T.S would be a big part of it.

              Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

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                Marana AZ
                United States
                Member #145341
                August 3, 2013
                180 Posts
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                Posted: November 16, 2013, 7:03 pm - IP Logged

                Why?  I did all the investing I'll ever have to do when I invested in the winning lottery ticket, at my age and a guaranteed income for the next thirty years I'm set for life.  I don't care about the value of my estate once I'm gone.

                Your long lost cousins do.


                  United States
                  Member #130815
                  July 25, 2012
                  1636 Posts
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                  Posted: November 16, 2013, 7:09 pm - IP Logged

                  I'd love to be able to buy about 5 or 10 shares of Berkshire Hathaway LOL...Buy and take actual delivery of gold and silver...etc etc

                    RJOh's avatar - chipmunk
                    mid-Ohio
                    United States
                    Member #9
                    March 24, 2001
                    19903 Posts
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                    Posted: November 17, 2013, 4:01 pm - IP Logged

                    " I don't care about the value of my estate once I'm gone."

                    That's an interesting analogy. I assume you are not married nor do you plan on having any children.

                    Personally I've never cared for anyone including childrens and spouses who accumulation of wealth depended on someones death rather than their own effort.

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

                      NightStalker's avatar - 50logo
                      East of Columbus, OH
                      United States
                      Member #120843
                      December 28, 2011
                      451 Posts
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                      Posted: November 17, 2013, 4:40 pm - IP Logged

                      High yield savings account and live off the interest.

                      Life's Too Short To Be Unhappy Cool