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So you just won the 2015 Powerball!

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loki8481 said:
delete public social media accounts
change my phone number
quit my job
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This, plus hire a wealth management firm to make sure I don't get stupid and blow it all.

From there I'd buy a nice waterfront cottage on a quiet lake to live in the summer. Spend my winters travelling the world.
 
pete6032 said:
I probably wouldn't tell anyone that I had won, save for a few close family members, and I wouldn't say how much I had won, just that I had a small win in the powerball.
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Too bad it's required that you attend a media event and published publically. Word would get around within hours to everyone you know.
 
z1ggy said:
Latest thread says it's up to $485M. After taxes (assuming they take ~40%) would be $291M.

Even if its $170... the $130M dif doesn't even matter. At that point you probably start struggling to find ways to even spend that much money.

Plus if you're not a stupid douche, you'd invest ~70-80% of it anyway and live off the interest/dividends.
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If you take the lump sum, you do not get the full $485M up front. You get the PV of the $485 as the lump sum, and then you gotta take out taxes.
 
skyking said:
1. Buy huge tracts of land.
2. Private runway.
3. Runway is straight section on personal track.
4. Farm sod for 300' along paved areas, let the rest be wild.
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I've read this post three times and I am still confused. All I am getting from it is that you really want to be a sod farmer.

Bullet number 3 is really throwing me for a loop because I have no idea what you are trying to communicate there. It seems that you feel the need to let us know what a runway is but that can't possibly be right. :hmm:
 
dank69 said:
I've read this post three times and I am still confused. All I am getting from it is that you really want to be a sod farmer.

Bullet number 3 is really throwing me for a loop because I have no idea what you are trying to communicate there. It seems that you feel the need to let us know what a runway is but that can't possibly be right. :hmm:
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It's a large racetrack and the straight section serves double-duty as a runway for private planes.
 
Ichinisan said:
It's a large racetrack and the straight section serves double-duty as a runway for private planes.
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You know, I considered this as well, but it seems odd to me. Not saying it is a bad idea or anything, just seems odd so didn't think that was what he was saying.
 
I would start my evil empire with a brewery + tasting room. Id buy a 5-10 acre lake Michigan waterfront property in WI and build the brewery. Some place between Manitowoc and Port Washington probably ... Brewery would be set up with 15 barrel capacity. I would brew imperial stouts, coffee stouts, oatmeal stouts, chocolate stouts, or some combination of the above. I would only sell high gravity brews. I would only brew stouts/porters. 50% I would save/barrel age in bourbon, rum, or wine barrels.
I would name my beers with simple uncreative names in plain cans or dark brown bottles to keep them safe from light. IBUs, OG, FG, and full recipe will be shared on each bottle/can. If somebody can brew better version of my recipe, i would want to hire them or buy their beer for my own personal consumption.

Also, I would not care to make profit, I would try to break even, but, mostly I just want an unlimited supply of barrel aged stouts for my own personal consumption.
 
I wouldn't look forward to the barrage or people that will come looking to get money from you be it businesses or family & friends.
 
dank69 said:
I've read this post three times and I am still confused. All I am getting from it is that you really want to be a sod farmer.

Bullet number 3 is really throwing me for a loop because I have no idea what you are trying to communicate there. It seems that you feel the need to let us know what a runway is but that can't possibly be right. :hmm:
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He is already royalty, a king!

Kings go not need to make sense!


It sounds like he wants a shitton of land with a bunch of highways that he can land planes on.. Probably highways because he wants to swoop down and scare the shit out of people in his plane, or, perhaps because he wants to have instant plane to car transfers without having to deal with an airport or a tower.... Also, he wants to grow sod so he can build a bunch of golf courses and then use the fairways as landing strips for those bush type planes that can take off with like 150 yards of runway...

Just use your imagination, and he needs no explanation, in fact, it sounds quite awesome, I would like to add to my list, get my pilots license and grow some sod and place some highways ... probably wouldnt have enough $$ for that ambitious of a project though, so Id be happy with a Supercub on floats and would just use rivers/lakes as landing strips...
 
nickbits said:
I wouldn't look forward to the barrage or people that will come looking to get money from you be it businesses or family & friends.
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Step 1: hire a business manager
Step 2: whenever anyone comes up to you asking for money, give them the manager's card.
Step 3: tell your manager that his job is to tell everyone "no" so you don't have to be the bad guy
 
1. Buy anandtech.com just so I can ban/unban a few people. Also add more smilies.
2. Hire my own lindy dancing instructor. Fuck it, make it three.
3. Buy rental properties, gotta have rental properties.
4. Hire someone to be my personal fly squatter.
5. ...
6. Profits.
 
Set up a trust/use whatever loopholes so that when I buy houses for my sons, my parents, and my wife's parents, the money isn't subjected to a gift tax. I'd spend a lot of time traveling all over the world. I probably wouldn't buy a lot of McMansions, but would end up with a lot of cottages on fairly secluded fishing lakes. No phone service at the cottages, no one's going to bother me for money while I'm out fishing for bass.
 
Investing in corporate bond funds would contribute to widespread employment . . and paying the full tax obligation (no charity deductions) would provide the most widespread benefits to the general population.
 
As someone said, 300M isn't quite right, but if you take the payment option I understand there are funds that will pay more than the lump sum payout for the rights. Let's assume after taxes we land at 200M.

20M -> long-term T-bills, this is the "never poor" fund, as these are about as stable as you can get. Should the market, my stupidity, wipe out everything else, this is always enough to retire on more than comfortably.

20M -> Mix of index, and dividend funds, draw ~3%/year for living income, which should still allow this to grow.

10M -> Go crazy money - a couple nice cars, a nice house (there's one a couple miles from me that includes a private 27acre lake for only 7M...)

150M -> Start a company to be a startup accelerator. The 150M initial capital would be invested into a mix of funds, with a goal of returning ~5M/year. This would pay the salary for a really savvy startup guy on the business side. Once a year we would run a competition for potential startups, focusing on small garage teams, the winning group would get 1M upfront, and 1M/year guaranteed for 3 years, plus the advice and contacts my business guy and I cultivate. In return we receive a 40% equity position in the company. By keeping the 150M untouched we should be able to accelerate startups indefinitely, and if say 1 in 10 can becomes worth something, it seems like that base pot should grow.
 
tortoise said:
Investing in corporate bond funds would contribute to widespread employment . . and paying the full tax obligation (no charity deductions) would provide the most widespread benefits to the general population.
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I love how many people would start their own business. Isn't that how most the lottery failures ended up?
 
Honestly, I have no idea what I'd do. Get a tax lawyer is required, but then I guess I'd have to hire someone to manage it properly and make sure that none of my lineage has to work hard for several generations to come.

My wife and I have talked generally about having lots and lots of money. We came to the agreement on one thing, family gets to "come to the well" once, that's it.
 
Elevenpog said:
I love how many people would start their own business. Isn't that how most the lottery failures ended up?
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I believe they usually ended up failing due to going on a never ending spending spree since "its a shit ton of money and ill never run out" syndrome strikes lots of folks.
 
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