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Who else would invest their winnings ?

Topic closed. 20 replies. Last post 2 years ago by DoctorWhy.

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Kentucky
United States
Member #32652
February 14, 2006
7458 Posts
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Posted: January 5, 2015, 5:02 pm - IP Logged

Stack47, A lawyer is the first that I will contact. After I tell a few trusted family members. music*

"A lawyer" or your personal lawyer that you knew for years?

It's the same with a financial planner, if you don't have one before hitting the jackpot, you're still talking to a total stranger.

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    United States
    Member #162575
    January 5, 2015
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    Posted: January 5, 2015, 6:37 pm - IP Logged

    When you hit the big jackpot you will contact a company such as US Trust, Northern Trust, Wells Fargo Private Bank, Chase Private Bank, etc.  They handle High Net Worth and Ultra High Net Worth Individuals.  You will develop a plan for your investments, a plan they must adhere to since they are regulated to a higher degree than Joe Investment Advisor with offices down at the local strip mall.  The cost (BPS) will be higher than Joe, but well worth the service provided.  They will also be able to point you in the direction of attorneys specializing in the needs of HNW/UHNWIs.  Looking toward a productive 2015!

      Lucky4Life's avatar - batman14

      United States
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      January 7, 2010
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      Posted: January 5, 2015, 8:24 pm - IP Logged

      eh.  Probably not.  Depends on how large it is.  I have a career, am very marketable and can always work.  If I spent all my money I would have my professional skills to fall back on.  it's only money.


        United States
        Member #106134
        February 13, 2011
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        Posted: January 5, 2015, 9:03 pm - IP Logged

        I would definitely invest & never touch the principle!  I'm only 39 & want to retire now, so I'd need my $ to potentially last me another 50 yrs.

          music*'s avatar - bee
          Thread Starter
          Fresno California
          United States
          Member #157856
          August 2, 2014
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          Posted: January 5, 2015, 9:31 pm - IP Logged

          Thank You rz*1967 for your contribution and post. I have made a note of it on my " what to do when i win". 

          Good Luck to all LP members.

            DoctorWhy's avatar - 04 05.jpg
            Indianapolis, IN
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            January 28, 2014
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            Posted: January 5, 2015, 10:18 pm - IP Logged

            I would invest some of the money. I am fairly young and I want to own several businesses. I also want to focus full time on writing.

            Think amongst Chaos. Play in Order.