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> If you won the lottery
Lotto questions
Which option would you take?
Cash (typically 50% of the jackpot amount) [ 15 ] ** [62.50%]
Annuity (26 year fund with U.S. Treasury Bonds) [ 9 ] ** [37.50%]
How often do you get lotto tickets?
Never [ 8 ] ** [33.33%]
A couple times a year at most [ 11 ] ** [45.83%]
Once a month or so [ 3 ] ** [12.50%]
Once a week [ 2 ] ** [8.33%]
Total Votes: 24
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impala454
post Jul 13 2007, 10:04 AM
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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 wink.gif
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schwab
post Jul 14 2007, 09:15 AM
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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


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GOB
post Jul 14 2007, 12:11 PM
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QUOTE (schwab @ Jul 14 2007, 10:15 AM) *
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.
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Posts in this topic
- impala454   If you won the lottery   Jul 13 2007, 10:04 AM
- - Jessica   I think i would do the responsible thing and get t...   Jul 13 2007, 10:30 AM
|- - lamont's lament   QUOTE (Jessica @ Jul 13 2007, 11:30 AM) I...   Jul 13 2007, 11:30 AM
- - dauss   I'd like to buy my parents a house, this way t...   Jul 13 2007, 10:36 AM
- - 1up   i'd live on a self-sustaining compound in the ...   Jul 13 2007, 10:47 AM
- - James   Fortunately, it's something I don't have t...   Jul 13 2007, 12:16 PM
|- - Oasis   QUOTE (James @ Jul 13 2007, 01:16 PM) For...   Jul 13 2007, 04:33 PM
|- - impala454   QUOTE (Oasis @ Jul 13 2007, 05:33 PM) Sam...   Jul 13 2007, 10:46 PM
|- - dauss   QUOTE (Oasis @ Jul 13 2007, 04:33 PM) Sam...   Jul 13 2007, 11:05 PM
- - psidancer   My vanity would quickly take control... braces, LA...   Jul 13 2007, 01:12 PM
- - impala454   1. House for the parents, house for the sister ...   Jul 13 2007, 02:22 PM
- - Dogmeat   I'd take cash, just because that would be way ...   Jul 13 2007, 02:38 PM
- - Spectatrix   Cash option; there are WAY better investment optio...   Jul 13 2007, 05:17 PM
- - FORSAKENR320   depends how much lottery there was. if high enoug...   Jul 13 2007, 06:03 PM
|- - Psykopath   QUOTE (FORSAKENR320 @ Jul 13 2007, 07:03 ...   Jul 13 2007, 06:26 PM
- - lamont's lament   i would pay cathryn all that rent money that i owe...   Jul 13 2007, 07:59 PM
|- - Psykopath   QUOTE (lamont's lament @ Jul 13 2007, 08...   Jul 13 2007, 10:01 PM
- - Renegadepeon   I would hire a hitman to kill you all. All of you...   Jul 13 2007, 10:46 PM
- - Divergent Reality   giant robot.   Jul 13 2007, 11:05 PM
|- - Spectatrix   QUOTE (Divergent Reality @ Jul 14 2007, 12...   Jul 16 2007, 09:29 PM
- - schwab   cash option, probably get more money out of that i...   Jul 14 2007, 09:15 AM
|- - lamont's lament   QUOTE (schwab @ Jul 14 2007, 10:15 AM) ca...   Jul 14 2007, 12:11 PM
|- - impala454   QUOTE (lamont's lament @ Jul 14 2007, 01...   Jul 14 2007, 08:12 PM
|- - lamont's lament   QUOTE (impala454 @ Jul 14 2007, 09:12 PM)...   Jul 14 2007, 09:13 PM
|- - impala454   QUOTE (lamont's lament @ Jul 14 2007, 10...   Jul 14 2007, 09:52 PM
|- - lamont's lament   QUOTE (impala454 @ Jul 14 2007, 10:52 PM)...   Jul 14 2007, 10:25 PM
- - Testm0nkey   id get the most money i can out of it whatever tha...   Jul 14 2007, 09:20 PM
- - Dogmeat   You have a better chance of making money on invest...   Jul 14 2007, 09:25 PM
- - Rocky   RE: If you won the lottery   Jul 14 2007, 10:17 PM
- - impala454   believe it or not, it actually is difficult to spe...   Jul 14 2007, 11:46 PM
- - Fedor   I'd get one of these and one of these ...   Jul 15 2007, 01:58 AM
- - impala454   heh you'd get a pet whale? that's.... dif...   Jul 15 2007, 02:08 PM
- - HMWH   In no particular order Pay off my parents house n...   Jul 16 2007, 06:26 PM
- - Tygriss   pay off the student loan full fund a vacation w/ f...   Jul 16 2007, 08:10 PM
- - impala454   i'll shove the cube into your robots chest   Jul 16 2007, 10:30 PM
- - Tygriss   i ammend my answer to include diamonds that tell t...   Jul 16 2007, 10:50 PM
|- - impala454   QUOTE (Tygriss @ Jul 16 2007, 11:50 PM) ...   Jul 17 2007, 08:20 AM
- - James   Whoa. That's a cool watch! What keeps th...   Jul 17 2007, 06:17 AM

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