If you win the lottery...

[Dudd]

Originally posted by: royaldank
Lump Sum. First purchase, a Golden Tee machine. Next would probably be an XBOX and new computer. Got a car and house, so I don't need either of those.

Wildly off topic, but my dorm just won a Golden Tee. And all we had to do was get 100% of the guys to sign up for some charitable cause. No lottery needed .

Back on topic, I'd go with the lump sum and invest it myself. Hopefully I'd get a better return in my investments than the higher amount I'd receive over 20 years, or however long it's paid over.

 

[Orsorum]

Lump sum. It is the better deal.

 

[Orsorum]

Originally posted by: Dudd

Originally posted by: royaldank
Lump Sum. First purchase, a Golden Tee machine. Next would probably be an XBOX and new computer. Got a car and house, so I don't need either of those.

Wildly off topic, but my dorm just won a Golden Tee. And all we had to do was get 100% of the guys to sign up for some charitable cause. No lottery needed .

Back on topic, I'd go with the lump sum and invest it myself. Hopefully I'd get a better return in my investments than the higher amount I'd receive over 20 years, or however long it's paid over.

You almost certainly would, unless you invested in something that grew slower than inflation.

 

[Eli]

I do believe there are companies that specialize in "buying" your lotto or other winnings.

Of course, they take their share.. but the lump payment is larger than from the lottery. So both you and the company benefit. They then recieve your payouts.

 

[Konigin]

Originally posted by: conjur
Lump sum

 

[brtspears2]

Lump sum, quickly followed by placing into low risk investments such as old timers' savings accounts and CD's. Live off interest.

Quickly followed by a big bucket of "NO BRAGGING." Telling the world becomes your own funeral.