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Wishful Thinking...

ok so the florida lottery is up to a hundred mil...would you take it in one lump sum and only get half? or would you do it so that you get something like 5 million a year for however many years? i would probably decide to go w/ the set amount every year so i don't blow it all!

first thing i'd do is have a heart attack...then when i got out of the hospital, i'd go car shopping at the auto toy store for my ferarri modena and porsche 911 turbo and aston martin vintage db7.... i would still go to college and get a degree so i could invest my money in whatever career i decided to go with and still try to lead a somewhat "normal" life. i would definitely donate A LOT of it...and of course hook all my family and friends up and buy a mansion in cali for my baby and me

what is the first thing you'd buy?

some damn dj equipment and get my dream career started.
then i'd go buy a porsche gt2

id prob go for the so much a year option, as it gurantees more stability over a lifetime and not spoiling someone rotten to the point they totaly change into a spoilt brat

quote:

Originally posted by jonsimmonds id prob go for the so much a year option, as it gurantees more stability over a lifetime and not spoiling someone rotten to the point they totaly change into a spoilt brat

yea i agree. millions of dollars would not change the way i act, i will always be the same Tommy that everyone knows. I'd just have some goodies and of course i'd share. Who the hell could keep 100 mill to themselves? I'd definitley make sure my family is taken care of and i'd give my parents money so they could retire happily and not worry about money ever again. They've taken care of me my whole life why shouldn't i make sure they are taken care of for the rest of their lives. Agree?

of course we'd have to throw a global TA gathering! hahaah it would last for a week so that every DJ could have a chance in the spotlight...we'd have PVD & Tiesto and Armin etc...be opening acts for US....

i would buy my own club and have all the big djs come spin whenever the hell i want..lol

quote:

Originally posted by Slylee of course we'd have to throw a global TA gathering!

Yeah..or I, if i actually won, would als go on a year-long mission to visit every single TA around the globe. Hehe

ok so gimme some numbers to pick!! u can pick 6...

my friend brought up a good point to me yesterday -
take the whole thing. burn half of it.
invest like 10 million and live of the interest of the investments. a good investor should be able to safely make 10% a year. (that is 100,000 per million that you invest.)

here ya go Slylee: 03 47 20 41 15 34

good luck!

quote:

Originally posted by butterfly my friend brought up a good point to me yesterday - take the whole thing. burn half of it. invest like 10 million and live of the interest of the investments. a good investor should be able to safely make 10% a year. (that is 100,000 per million that you invest.)

Yep, that's about what you should do. Take the lump sum payment, not the installments. If you take the money in installments over time, we'll say 5 mil/year for the sake of argument, that 5 million a year becomes worth less and less every year due to inflation. It's kinda like how your grandparents could buy a candy bar for 5 cents when they were a kid, and now you can't buy shit with 5 cents. You still have 5 cents, but it's not worth as much. If you take the lump sum you can invest the money in Certificate of Deposits, Mutual Funds, Stocks, Bonds, etc... and your money will accumulate interest at a rate higher than inflation. Therefore, your money becomes worth more instead of worth less. Anyway, you could live comfortably off the annual interest from $50 million.

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