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If you won the lottery...

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I'd take the lump sum and buy Anandtech. Then I'd lock any thread that didn't discuss how awesome I was or otherwise disagreed with my personal opinions. Then I'd get two chicks at the same time. Pretty sure I could hook that up.
 
Originally posted by: dainthomas
I'd take the lump sum and buy Anandtech. Then I'd lock any thread that didn't discuss how awesome I was or otherwise disagreed with my personal opinions. Then I'd get two chicks at the same time. Pretty sure I could hook that up.
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The estimate value of this site back in 2000 I believe was close to 100 million. 😉
 
Originally posted by: microAmp
Originally posted by: dainthomas
I'd take the lump sum and buy Anandtech. Then I'd lock any thread that didn't discuss how awesome I was or otherwise disagreed with my personal opinions. Then I'd get two chicks at the same time. Pretty sure I could hook that up.
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The estimate value of this site back in 2000 I believe was close to 100 million. 😉
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Oops. Oh well, I guess one HardOCP is enough.
 
Originally posted by: markgm
This has been discussed a few times, the best thing to do is payments. http://forums.anandtech.com/me...key=y&keyword1=lottery
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i thought it was agreed apon that Payments were better if the total ammnt of the lottery was less then like 50mil or so, but anything over that you would be better off taking the lump and investing. like winning a 400 mill multy state one taking the 140 or so mill is better then payments
 
Lump sum. Pay off everyone I care about debt, buy a kickass home in New Zealand and start a business there.
 
Get the lump sum and invest it properly. You will make far more money that way.

You can do the math for your specific case and figure out which is the best, but I'd bet that it's almost always the lump sum.
 
I would need to know the payout.

People going on payments are basically having faith in the system plus nothing affects them to garnish future earnings.

The more the payout is the more likely I would just cash out. For example if I could have 1 billion dollars today or 2 billion paid out over 30 years...I'd sure as hell take the guaranteed money TODAY and think no further.
 
I'm 25 in a couple months, so I figure I'll definitely be around for another 26 years... and I'd still take the lump sum. I used to think that the payments were a better option, but I've since concluded that starting even a modest investment portfolio with the (smaller) lump sum amount will be worth more at the end of 26 years than most anything you can do with the payments. With that sort of scratch, you could live off interest and still be comfortably well off.
 
Originally posted by: xeemzor
If you are younger, wouldn't you make more in the end by just investing the lump sum than taking payments?
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Significantly.

Assuming a 7% rate of return over 26 years


purely from investing you would be sitting at just shy of 150 million.

more realistically you will invest 20 million of it, buy some property / have fun with the rest.

that 20 million will be at 110m by itself at the end of 26 years.

OR you could take 2 million a year. Up to you. 🙂
 
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