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Powerball jackpot at $400 million - Oops! $1.5 billion - $40 mil

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Regs said:
Treasury bonds yielding 1% could make you over 300k a year. The only way you would lose your investment is if the country went bankrupt in which the US dollar would be hyper inflated anyway where all those millions would be worth pennies.
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Why do you need to worry about making 300k a year when you already have a multi million dollar account? My life is over half way over, so it would be pointless for me to worry about growing the money.
 
Bubbleawsome said:
Those of you that say you don't need to invest $800m, that's a lie. If my $800m can make me $800k a year then I can live off that more than well, but what happens when I want a $20m house, or a $2.7m car, or that $80m private jet? If I had $800m I'd invest it so I could live like the best of the best.
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So you have spent over $100 mill and still have plenty left, you still do not need to invest. If you over spend, then thats your own fault. Wanting to invest and needing to are not the same thing.
 
WaTaGuMp said:
So you have spent over $100 mill and still have plenty left, you still do not need to invest. If you over spend, then thats your own fault. Wanting to invest and needing to are not the same thing.
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Seriously. I'd be happy with a $1-2 million dollar house. (I live in Orange County so this is middle high end lol)
 
WaTaGuMp said:
So you have spent over $100 mill and still have plenty left, you still do not need to invest. If you over spend, then thats your own fault. Wanting to invest and needing to are not the same thing.
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Ya, unless you need to a private jet or a new Lambo every month, you probably wouldn't need to invest.

Pretty much goes down to if you want to leave a legacy, and how big of one you want to leave.
 
lxskllr said:
I'd like to have a $20k house, on a million $ mountain top. If I came into big money, I'd get a bunch of land so far out, sunlight would need to be piped in.
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That's what I was thinking. Measured by the sq mile with a 50+ AC pond. Massive water flow. Deer, wildlife... Modest 2K sqft house. Could move to the middle of the country. Might be safe from nukes.
 
lxskllr said:
I'd like to have a $20k house, on a million $ mountain top. If I came into big money, I'd get a bunch of land so far out, sunlight would need to be piped in.
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You'd be able to. The only reason to live in a big city, aside from "stuff to do", is usually for employment. Got $800 million? Well, that money and/or your investment income follows you anywhere on the planet where there is an internet/wire/telco connection and a bank.

Or hire a runner/personal assistant to courier you all the shit you need.
 
Imp said:
You'd be able to. The only reason to live in a big city, aside from "stuff to do", is usually for employment. Got $800 million? Well, that money and/or your investment income follows you anywhere on the planet where there is an internet/wire/telco connection and a bank.

Or hire a runner/personal assistant to courier you all the shit you need.
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I'm 24. I'm staying near the "scene".
 
WaTaGuMp said:
So you have spent over $100 mill and still have plenty left, you still do not need to invest. If you over spend, then thats your own fault. Wanting to invest and needing to are not the same thing.
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I could live off of $5m for the rest of my life (meaning about $60k a year) but of course you'd invest so you can live better. The people saying they'd invest half aren't saying they need to, they're saying they would, because it's a good idea. 😛
 
SSSnail said:
Of course people need to invest their money. After taxes and long lost relatives leeching off you, you're lucky if you have $3.50 to your name. That's why most lottery winners ended up broke after a few years... :colbert:
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no the reason they end up broke is because all the big lottery winners are white or ghetto trash who cant even count to potato
 
Bubbleawsome said:
I could live off of $5m for the rest of my life (meaning about $60k a year) but of course you'd invest so you can live better. The people saying they'd invest half aren't saying they need to, they're saying they would, because it's a good idea. 😛
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It's not a good idea if I can blow 65K/day for 30 years. Who the heck would I be saving it for? My 12th generation entitled grands? No.
 
WaTaGuMp said:
So you have spent over $100 mill and still have plenty left, you still do not need to invest. If you over spend, then thats your own fault. Wanting to invest and needing to are not the same thing.
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You need to actually invest the money in some way as last I checked FDIC insurance at your bank only covers you to $250k. Assuming you walk away with $400 million after taxes... (probably less), you'd have to open 1600 savings accounts with I believe 1600 banks.

So either way you are investing it and you will be earning a nice return.
 
WackyDan said:
You need to actually invest the money in some way as last I checked FDIC insurance at your bank only covers you to $250k. Assuming you walk away with $400 million after taxes... (probably less), you'd have to open 1600 savings accounts with I believe 1600 banks.

So either way you are investing it and you will be earning a nice return.
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That was the question about the lottery annuity. If it's guaranteed funds, screw investing. Party....
 
highland145 said:
That's what I was thinking. Measured by the sq mile with a 50+ AC pond. Massive water flow. Deer, wildlife... Modest 2K sqft house. Could move to the middle of the country. Might be safe from nukes.
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Further, I would stock the land with endangered rhinoceros and hunt them with the machete gun that I design and develop with the winnings.
 
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