If you won the lottery Options

[impala454]

Of course we all know the typical boring "I'd put it all in investments and blah blah". this is pretty obvious because you gotta set yourself up for life for bills and such. but this question is all about what you'd buy. i'm sure most of us would have at least a few items we'd grab (car/house/electronics/jewlery/etc) before putting the rest away for investments. List your top 10. Be specific so it's interesting

[Mommy]

I think i would do the responsible thing and get the 26 year allotment... unless the jackpot amount was low.. then i would get a lump sum and put it in a high yield money market account and suplement my income with the interest... ya know, live comfortably

[dauss]

I'd like to buy my parents a house, this way they'll have a home after they retire.
Then probably get myself a house with a badass brewing system and a cellar to age beers.
That new Porsche 911 Turbo is pretty sweet. All wheel drive, variable vane geometry twin-turbo charged, with overboost, and 6-speed manual(even though their flappy paddle shifter is supposed to be faster.

[Seeker]

i'd live on a self-sustaining compound in the middle of the mountains... i'd build tunnels all through the mountain so i could survive a nuclear war, and i would have booby traps so when i don't pay taxes the irs agents will be wasted

[GOB]

I think i would do the responsible thing and get the 26 year allotment... unless the jackpot amount was low.. then i would get a lump sum

agreement

edit: and just like today, i'd also leave work everyday at noon

[James]

Fortunately, it's something I don't have to think about since I never buy lotto tickets

[psidancer]

My vanity would quickly take control... braces, LASIK, a personal trainer... etc etc

I'd probably do a bit of globetrotting too. Go to all the random places i've always wanted to visit...

[impala454]

1. House for the parents, house for the sister & her hubby, house for me
2. escalade w/lingenfelter 700hp package
3. corvette w/lingenfelter 800hp package
4. prob spend about $50k to build a home theater
5. prob spend about $20k to build a server comp
6. prob spend about $5-10k to build a desktop comp
7. another 30k or so to build a super comp dragster
8. kimber stainless .45
9. AK-47
10. M1 garand
11. ruger red label 12 gauge

and obviously put the rest away to pay the bills

[Dogmeat]

I'd take cash, just because that would be way pimp.

But there's no lotto in Utah. I did however buy some tickets occasionally when I lived in Texas.

[Oasis]

Fortunately, it's something I don't have to think about since I never buy lotto tickets

Same. Have you ever noticed that the people who buy lotto tickets are always white trash? If your only chance of ever being successful in life is by winning the state lottery, you're a loser.

[Spectatrix]

Cash option; there are WAY better investment options out there than US Treasury Bonds. But I rarely buy lottery tickets, so it's kind of a moot point. Still...

1. House for my mom & step-father, but only if they allowed me to arrange for the demolition of their current house (it's total crap).
2. Help my dad & step-mom pay off their mortgage.
3. House for myself, complete with workshop.
4. Prius to drive and another car to play around with as a project car. Probably another Prius or other hybrid because I'd want to play around with making a plug-in hybrid.
5. Kick ass desktop computer and laptop.
6. Home theatre system.

Erm, probably other stuff too, but I dunno exactly what.

[FORSAKENR320]

depends how much lottery there was.

if high enough... i'm investing and going off interest. i'm buying a huge house, giving small parts of my earnings to my friends that i feel have been the best to me. then, i'm going traveling. traveling alone kinda sucks, i'd also take several of my closest friends, and wiere gonna become intercontinental lushes!

[Psykopath]

depends how much lottery there was.

if high enough... i'm investing and going off interest. i'm buying a huge house, giving small parts of my earnings to my friends that i feel have been the best to me. then, i'm going traveling. traveling alone kinda sucks, i'd also take several of my closest friends, and wiere gonna become intercontinental lushes!

This.


Plus I'd buy a hybrid for day to day driving.
A kick-ass muscle car just because.
And a Jeep CJ-7 for camping trips.


I'd also own a nice cabin and some land in either the mountains of New Mexico (around Cloudcroft) or in Montana.

I'd also STILL get my Master's, possibly PhD. Figure I'd have all the spare time in the world so why the hell not?

[GOB]

i would pay cathryn all that rent money that i owe her


am i right or am i right?

[Psykopath]

i would pay cathryn all that rent money that i owe her
am i right or am i right?

lmao

Right if it was her alternate reality.

[Billy]

I would hire a hitman to kill you all. All of you. Dead.

[impala454]

Same. Have you ever noticed that the people who buy lotto tickets are always white trash? If your only chance of ever being successful in life is by winning the state lottery, you're a loser.

maybe its more fun than getting wasted and spraying yourself with insectiside? besides, i don't believe anyone on here thinks winning the lotto is their only path to success.

[dauss]

Same. Have you ever noticed that the people who buy lotto tickets are always white trash? If your only chance of ever being successful in life is by winning the state lottery, you're a loser.

Don't worry, the losers that do win big are usually bankrupt in a few years anyways.

[Divergent Realit...]

giant robot.

[schwab]

cash option, probably get more money out of that in the long run

plus you could buy things now instead of having to wait month to month



i would probably open my own business...brewery/bar of some sort

[GOB]

cash option, probably get more money out of that in the long run

that's pretty much the exact opposite of how it works

with the annuity you just pay income taxes every year, so you end up with around 65-67% of the total jackpot. the cash option gives you about 45-50% of the total, and since most people blow the majority of the cash winnings immediately, they're not left with enough to make up the +/-20% difference, even over 26 years.

[impala454]

that's pretty much the exact opposite of how it works

sure if you think the U.S. government can invest your money better than you.

[GOB]

sure if you think the U.S. government can invest your money better than you.

when did i say that? the only people that ever win are huge rednecks, so the annuity is meant to protect them from blowing it all on cigarettes, above-ground pools, and more lottery tickets. none of those people could ever do any better, so those should be forced to take annuity payments.

and the winnings aren't "invested" in shit, it doesn't appreciate whatsoever while it's sitting there. for the most part, the money doesn't even exist until it's literally deposited into the winners' bank accounts. how many government-owned t-bills (as opposed to private investment) actually represent actual cash money paper dollar bills?

[Testm0nkey]

id get the most money i can out of it whatever that may be whatever choice it is

- pay off debt
- give money to my family
- invest
- pay for grad school
- take an awesome vacation

[Dogmeat]

You have a better chance of making money on investment by taking the lump sum and then being wise about where and how you invest that money.

There is a lot more potential to become wealthier due to the time-value of money ... If you have more of it now, generally speaking, that's more valuable than some of it over the course of time ...

Unless you're a banking institution and you get some of it so to speak from thousands of sources over time.

I'd take the lump sum and make a very diverse investment portfolio with stocks, bonds, and whatever else I could think of.

I'd also try to become my own enterprise so to speak, taking part in businesses I found profitable and interesting and generally being an entrepeneur.

And i'd also buy a fuckton of porn

[impala454]

when did i say that?

schwab said "probably get more money in the long run with the cash options". you said, "that's pretty much the exact opposite of how it works". I suppose if you're referring to someone wasting the cash when they get it, ok. but how someone else would spend it has little to do with the fact that based on an investing approach. even the red neck white trash you speak of could waste an annuity as well. it's not too hard to get into massive debt, no matter how much income you bring in.

as far as the lotto prize is concerned you should be able to make far more in the long run starting with the cash option over the annuity. the question is, do you think you could double your money over 26 years? i'd say you're a pretty poor investor if you can't do that.

and the winnings aren't "invested" in shit, it doesn't appreciate whatsoever while it's sitting there. for the most part, the money doesn't even exist until it's literally deposited into the winners' bank accounts. how many government-owned t-bills (as opposed to private investment) actually represent actual cash money paper dollar bills?

an annuity is an account set up based on an intial amount, which will ensure that $x goes to the person each month. it most certainly does exist and is real money. it is also invested money, it's just that U.S. treasury bonds are one of the most conservative investments possible. the initial amount for an annuity will be less than you may think, because the small amount the account makes will be rolled back in to keep the payments going. annuities aren't required to use U.S. treasury bonds, it's just thats what the lotto uses. also, for a substantial fee there are financial institutions that will buy your annuity and convert it to a lump sum for you.

[Rocky]

[GOB]

schwab said "probably get more money in the long run with the cash options". you said, "that's pretty much the exact opposite of how it works".

so... i didn't say that the government could produce a better return than i could.

I suppose if you're referring to someone wasting the cash when they get it, ok.

this is what i said because the only people that win the lottery are trash. and none of you retards understand the concept that some people don't know how to handle money, so since all of you are going to be fanfuckingtastic genius investors (thanks for the hot tip in the other thread!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!), everybody else is, too. guess that's why everybody wins in the stock market!

[impala454]

believe it or not, it actually is difficult to spend the amount of money you win in the lotto. especially for the retards. there was a show a while back showing the lives of some lotto winners. one guy was a complete retard, had stupid shit like knives from "the knife show" that comes on at 4 am, shitty fake suits of armor, a friggin solid gold toilet. guy was a complete loser, but the lotto people set you up with advisors, and the way his winnings were set up (he won like 105 million one lump sum), he said he brought in something like $16,000 per day in interest.

trailer trash people don't win the lotto and think "i'm gonna go buy a $10 million diamond", or "i'm gonna go purchase a $75 million yacht". they think "hell yeah unlimited miller high life, for life!", or "hell yeah i can buy a NEW car now!". they don't think, "man i need to have zoodoobaba wood countertops from zimbabwe", they think "wow i can get a $2,000 granite countertop!".

[False Dude]

I'd get one of these



and one of these





and then some spicy garlic wings and 2 beers

[impala454]

heh you'd get a pet whale? that's.... different

[HMWH]

In no particular order

Pay off my parents house
new car for mom
Season tickets for life to the Dallas Cowboys and Desperados
Jeep, highly modified
Chrysler 300, on 20s, with a nice sound system
nice house
Vacation with all my friends and family, baller style
Rolex or a watch that is comperable

thats all i can think of right now

[Tygriss]

pay off the student loan
full fund a vacation w/ friends
another vacation with family
go to all the formula 1 grand prix races in one year
play tennis all day
house in austin on the lake, and one in river oaks
and nick's giant robot. with added bonus: big metal booty.

[Spectatrix]

giant robot.

What do you think the workshop at the house I'd buy/build is for? Building giant robots, of course!

I'm not kidding either.

[impala454]

i'll shove the cube into your robots chest

[Tygriss]

i ammend my answer to include diamonds that tell time.

[James]

Whoa. That's a cool watch! What keeps the diamonds from falling out though? Glue?

[impala454]

i ammend my answer to include diamonds that tell time.

now that's the kinda extravagant shit i was lookin for in this thread!