Originally posted by pchang
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Half Billion Dollar Lottery
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Not necessarily. You have to remember thar you might end up sharing the jackpot. That being said, I'm going to buy a few tickets...12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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Even two ways. There are taxes and the fact that the jackpot as stared is not the annuity value.Originally posted by Aeson View PostOf course the risk is multiple winners and splitting the jackpot. If you borrow $178 million and split it 3 or more ways you're ****ed.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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???Originally posted by The Mad Monk View PostAssume random distribution: the odds of another person choosing that number is also 1 in 176 million; the number of tickets bought will change that, of course, but it's still 1 in 176 million for each ticket. It doesn't go far before the impact on rate of return is negligable.
Dude, they' re going to sell like 200 million tickets. The chances of it being shared are great.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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If no one wins then the jackpot gets rolled over into the new round plus what ever new money comes in from people buying more tickets.Try http://wordforge.net/index.php for discussion and debate.
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After taxes... 90% into long term savings while the other 10% gets blown on what ever I want. Then go back to work and pretend it doesn't exist until retirement time rolls around.Try http://wordforge.net/index.php for discussion and debate.
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Wouldn't you get bored? I think I would.Try http://wordforge.net/index.php for discussion and debate.
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Yeah, 10MM cash after taxes gets you about 400k in spending every year (before you pay cap gains/interest income tax) on some of it.Given how much I save and the higher rate of taxation I pay, my lifestyle would improve without needing to work any more.Originally posted by The Mad Monk View PostAnything over $10 million, and retirement time has rolled around.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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At my age 5 mill would have me off to florida figuring I could survive on 100k a year for 50 years even assuming no income from what I wasn't spending. That would take care of inflation.It's almost as if all his overconfident, absolutist assertions were spoonfed to him by a trusted website or subreddit. Sheeple
RIP Tony Bogey & Baron O
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I would never retire. Probably spend my time counting my money -- or the equivalent of it (investing).I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891
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It would be interesting to build or buy a winery some where and maybe build a "green" home allowing you to more or less live off the grid. In the right location you could maybe find a partner to open a restaurant on the property to sell or something to help pay the bills. You could have a nice little rural lifestyle.Try http://wordforge.net/index.php for discussion and debate.
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