BigWeather
Member
Wife and I got 10 plays. I consider it a $20 injection into our education budget, but still fun nonetheless.
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Powerball jackpot climbs to $700,000,000 for Wednesdays drawing
- Thread starter GK86
- Start date
Dead Prince
Banned
drawing is tonight. the last time it was this 1.3 billion jackpot back in january 2016
http://www.neogaf.com/forum/showthread.php?t=1168626
http://www.neogaf.com/forum/showthread.php?t=1168626
It's all random. 1 2 3 4 5 6 has the exact same odds of winning as 7 12 19 34 55 8.
Quick pick makes the lines move faster for everyone else.
Nah man, just give the money to a smart finance person and ask them what allowance they could give you yearly w/out touching your base money.
Once you have the lump sum of $300+million youll make a ton more money over time through investments than you would if you just took the annuity payment. Thats how the rich get richer, making money off of their money.
That thread and the whole situation was a lot of fun.
70-80% of all PowerBall wins have been via quick pick.
Caddywompus
Member
What are power play draws? Just a way to milk more money out of people?
How do you buy $15 worth? Aren't tickets $2?
Schucky Ducky
Banned
Forgot my banana with my lunch today so I'm going to go by a grocery store to pick one up. I think I'll grab a quick pick ticket while I'm there since I have exactly $2 cash in my wallet (I almost never carry cash.) It will be fun to dream for a night.
powerplay tickets are 3.
demosthenes
Member
This isn't good advice. Literally everyone will be preying on you. You do not want to trust anyone with your money, only yourself.
Obliterator
Member
Yeah not to mention even if I somehow had $400 million I wouldn't live a very extravagant life style anyways. I'd probably spend $100 right off the bat on houses for me and all my family / cars and some other indulgences. But after that I would put $300 in the bank and basically not touch it outside of what is made on interest
Schucky Ducky
Banned
Yep. Don't need a financial advisor to invest in index funds and bonds. You will want to hire a good lawyer and accountant though to help you through the legal and tax ramifications of winning all this money.
Empyrean Heaven
Member
One tip I've also heard is to buy a ticket away from where you work or live, that way it will be harder to pinpoint you.
Also, set up everything before you go public. People will be on your ass looking for money.
The best thing I've heard to do is set up a mutual fund that you cannot touch and pays you 2 - 3 million a year, more than enough for all expenses and to splurge a bit. Also make sure it can be passed down to your wife/kids.
Also, set up everything before you go public. People will be on your ass looking for money.
The best thing I've heard to do is set up a mutual fund that you cannot touch and pays you 2 - 3 million a year, more than enough for all expenses and to splurge a bit. Also make sure it can be passed down to your wife/kids.
I mean if you don't want anyone to touch the money that's all fine and dandy but you'll probably want at least a financial advisor to help you figure out how to properly save and/or invest that money. Just sitting on a lump sum like that is a bit of a waste.
eot
Banned
Statistically it seems like lottery winners' lives are frequently wrecked. More than half of them end up going bankrupt even when they win huge sums of money.
Obliterator
Member
Depends how you look at it. If I had $400 million I don't think I'd even care about getring richer. That's enough money I would never have to worry about a thing ever again
Exactly. Why would you want a financial adviser trying to make himself rich moving your money around?
You could put it in very safe very low return government bonds and still make tons of money if you wanted.
If I'm rich enough I don't have to work if I don't want to and every possible eventuality is taken care of, I don't see the point in getting richer. It's not going to make me any happier.
Probably could be directed to causes you want to advance though.
Black Republican
Member
im canadian, is there a way i can enter this draw?
cool we dont pay taxes on our wins here
cool we dont pay taxes on our wins here
Snarky(HEART)
Banned
I live in one of the few states where you can claim the prize anonymously, Maryland.
Got a few tickets. I'd tell GAF if I won and that's it.
Got a few tickets. I'd tell GAF if I won and that's it.
I'm going to win, so here is my plan:
Set up my immediately family with their own real estate and education needs.
Put half in a stable, if slow return, investment vehicle to generate steady income. Never to be touched. Set up a will so if/when I kick the bucket, it goes to a trust fund for someone I care about.
Purchase houses in a couple of places around the world. Nothing extravagant, just a home base I can use when traveling and rent out when vacant.
Buy and restore a Toyota FJ40
Buy and restore older cars I like.
Travel and help causes related to civil liberties and scientific advancement.
Finally have time to play Witcher 3.
Set up my immediately family with their own real estate and education needs.
Put half in a stable, if slow return, investment vehicle to generate steady income. Never to be touched. Set up a will so if/when I kick the bucket, it goes to a trust fund for someone I care about.
Purchase houses in a couple of places around the world. Nothing extravagant, just a home base I can use when traveling and rent out when vacant.
Buy and restore a Toyota FJ40
Buy and restore older cars I like.
Travel and help causes related to civil liberties and scientific advancement.
Finally have time to play Witcher 3.
PHOENIXZERO
Member
I'd be okay with $250 million after taxes not that I'd ever win in a billion years, I sure as hell wouldn't take the annuity. Hire a large financial planning firm that doesn't work off a commission and in the mean time after getting the win and your millions and millions of dollars out of your system take some classes since you'll have time and can afford it to educate yourself a bit and be able to have an easier time following where your money is going. With that much money you could easily live off interest/dividends without touching the principal and then have plenty left over to reinvest.
Not a bad plan.
I will start a game development studio and invite GAF to contribute ideas for the first game we release.
Schucky Ducky
Banned
MD as well!
No way I'd tell GAF though. Posting that info anywhere on the internet seems like an easy way to get found out.
That would be my plan as well (bolded). After that, however, we'd deviate. I'd buy my dream home near Seattle, furnish it as only a man child could (think Ready Player One in house form, essentially), then proceed to travel the world. I'd travel for a month, then come home for a month, rinse and repeat until I was dead. I figure I'd be rich enough to afford on the go tutoring for any kids I may have along the way.
I don't plan on buying anyone a house.
I plan to do it like my one rich friends dad did when growing up. He basically bought a huge tract of land and developed into a subdivision. In the best spot he made a little cul-de-sac where he had built his parents and his brother a house next to his. I'm not sure of the exact financials of their setup but I like this idea. They set aside some of the land for farming, they could basically be self sufficient if shit really hit the fan.
Basically I would have a huge amount of land and build a few houses on it and let family live there but retain ownership. That way no one gets fucked owing crazy property tax and keeps coming back for more.
I plan to do it like my one rich friends dad did when growing up. He basically bought a huge tract of land and developed into a subdivision. In the best spot he made a little cul-de-sac where he had built his parents and his brother a house next to his. I'm not sure of the exact financials of their setup but I like this idea. They set aside some of the land for farming, they could basically be self sufficient if shit really hit the fan.
Basically I would have a huge amount of land and build a few houses on it and let family live there but retain ownership. That way no one gets fucked owing crazy property tax and keeps coming back for more.
Lightning_Roller
Banned
Shit....that is smart. Might do the same if I win.
Squirrel Killer
Member
rokkerkory
Member
1. Take care of my immediate family + pay for college for all my nieces and nephews
2. Give to charity
3. Put about half away in investments + trust fund
4. Move closer to the beach
5. Have kids and live out a quiet and peaceful life
2. Give to charity
3. Put about half away in investments + trust fund
4. Move closer to the beach
5. Have kids and live out a quiet and peaceful life
Cesare Borgia
Banned
What's quick pick? Never played the lotto before, might as well tonight.
You just say you want a ticket for powerball and they give you a ticket with random numbers. The other option is to fill out a form with the numbers you want.
Some people trash the quick picks, but apparently that only matters if you are buying extremely large volumes of tickets because there is a chance you get repeat numbers through quick picks.
If I wasn't married, then why the hell not? There are so many hot pornstars that also escort, so I would be disappointing them sexually on a regular basis.
BladeoftheImmortal
Member
I'd probably take the annuities. Everyone always speculates and says take the lump sum, but if over a third of winners lose it all, there might be something to taking those annuities. You could blow 12 million a year and still have more for at least 30 more years.
LucidMomentum
Member
Yup. As someone who lives quite comfortably on less than six figures a year, moving up to a Million+ a year seems like it'd be a lot of fun lol.
You actually have a slightly better chance of not splitting the jackpot with quick pick since the numbers people generally pick manually are things like birthdays that don't use the entire number range of the lotto.
You can always buy some new friends.
I'll be your new friend if you win
There have been more quick pick/randomly-generated number winners than not. Go quick pick.
That said, the odds of winning are incredibly small either way.
Edit: I hope a gaffer wins just to see the thread. Can you imagine?
The odds are the same either way.
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