OT Megaball 1.55 Billion

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08-08-2023, 02:40 PM
Lord McBuckethead

OT Megaball 1.55 Billion

Look, buying lottery tickets are 100% a waste of money. Everyone would be better served if you took that money and invested it in your brokerage account instead of spending $3 on a ticket......
But with that being said, I bought a ticket. The payout is around $1.55 Billion. If you won, what would you do.

1. I would hire a professional to handle securing the money from the lottery, keeping my name out of it. I would do my best to not let anyone know that I won.
2. Second, I would take 5 million dollars and set it aside for fun money to be used the first year.
3. I would establish a foundation that would handle charitable requests, with an endowment of around 50 million.
4. I would go to each member of my family and set them up with a portfolio that paid them out money yearly after taking care of their financial issues.
5. I would then invest the rest of my money in the market with a diversified portfolio of stocks and bonds and just live off of 4%.

As far as the 5 million dollars fun money, well I would just blow it.

NIL? Well considering the ticket office will not allow me to buy floor tickets for basketball or a skybox for football right now, even though I have the money to do it .... I am not sure they deserve to get a cut.
08-08-2023, 02:44 PM
TrapGame

I'd give $150 million to the BI.
08-08-2023, 02:52 PM
Lord McBuckethead

Take that 150 million and invest it. Give the BI the return on that. As long as they are doing awesome stuff with the money, continue.
08-08-2023, 03:50 PM
Offshore Dawg

150 million in a 5% CD would furnish $7,500,000 a year. that should take care of NIL.
08-08-2023, 03:52 PM
TrapGame

Quote:

Originally Posted by Lord McBuckethead

Take that 150 million and invest it. Give the BI the return on that. As long as they are doing awesome stuff with the money, continue.

Quote:

Originally Posted by Offshore Dawg

150 million in a 5% CD would furnish $7,500,000 a year. that should take care of NIL.

Perfect!
08-08-2023, 04:24 PM
Johnson85

Quote:

Originally Posted by Lord McBuckethead

Look, buying lottery tickets are 100% a waste of money. Everyone would be better served if you took that money and invested it in your brokerage account instead of spending $3 on a ticket......
But with that being said, I bought a ticket. The payout is around $1.55 Billion. If you won, what would you do.

1. I would hire a professional to handle securing the money from the lottery, keeping my name out of it. I would do my best to not let anyone know that I won.
2. Second, I would take 5 million dollars and set it aside for fun money to be used the first year.
3. I would establish a foundation that would handle charitable requests, with an endowment of around 50 million.
4. I would go to each member of my family and set them up with a portfolio that paid them out money yearly after taking care of their financial issues.
5. I would then invest the rest of my money in the market with a diversified portfolio of stocks and bonds and just live off of 4%.

As far as the 5 million dollars fun money, well I would just blow it.

NIL? Well considering the ticket office will not allow me to buy floor tickets for basketball or a skybox for football right now, even though I have the money to do it .... I am not sure they deserve to get a cut.

nm
08-08-2023, 04:38 PM
Homedawg

Quote:

Originally Posted by Offshore Dawg

150 million in a 5% CD would furnish $7,500,000 a year. that should take care of NIL.

Better off putting in a money market w an even lesser rate(yes I know they are better rates out there) It compounds. Cd doesn't. ...mm outperforms it
08-08-2023, 04:39 PM
Homedawg

Quote:

Originally Posted by TrapGame

Perfect!

I feel like we just bought us a team. I feel so much better!! Ha
08-08-2023, 04:57 PM
viverlibre

I'd invest it in the H and B funds.
08-08-2023, 05:44 PM
starkvegasdawg

Land. Then more land. Then more land. Then in the middle of one of those large tracts of land is build me a new house and sightings of my ass would be rarer than Bigfoot. I'd also buy an uparmored chase vehicle for severe weather season. Immediate family would be taken care of. My church would get a chunk. Some charities I like such as make a wish and Samaritan's purse.
08-08-2023, 06:53 PM
parabrave

Quote:

Originally Posted by starkvegasdawg

Land. Then more land. Then more land. Then in the middle of one of those large tracts of land is build me a new house and sightings of my ass would be rarer than Bigfoot. I'd also buy an uparmored chase vehicle for severe weather season. Immediate family would be taken care of. My church would get a chunk. Some charities I like such as make a wish and Samaritan's purse.

Put it all on Black and let it ride Baby
08-08-2023, 07:01 PM
Pinto

2 chicks at the same time
08-08-2023, 07:05 PM
Tater

Quote:

Originally Posted by Pinto

2 chicks at the same time

Girls who'd double up on a guy like me would.
08-08-2023, 08:46 PM
Goldendawg

My folks got me a subscription to SI when I was a young teenager in the late 60s. I remember a quote from Tug Mcgraw when he signed one of the first $100K contracts in baseball. When asked on how he was going to spend the money, he replied, ''I'm going to spend 90% on wine, women, and song, and waste the rest." Plan still sounds good to me.*****
08-08-2023, 09:38 PM
Offshore Dawg

Quote:

Originally Posted by Tater

Girls who'd double up on a guy like me would.

Some chicks will do anything for the right price. You can still have hope,
08-08-2023, 09:54 PM
HoopsDawg

Quote:

Originally Posted by Homedawg

Better off putting in a money market w an even lesser rate(yes I know they are better rates out there) It compounds. Cd doesn't. ...mm outperforms it

Interest accrues in a CD. If rates don't move, value would be the same. But a money market could go from 5% to 1% in a matter of days. I've seen it happen. With a CD your rate is locked in.
08-08-2023, 10:02 PM
Pancho

Quote:

Originally Posted by Offshore Dawg

Some chicks will do anything for the right price. You can still have hope,

nuthin like a good 3sum
08-08-2023, 10:04 PM
DownwardDawg

Quote:

Originally Posted by starkvegasdawg

Land. Then more land. Then more land. Then in the middle of one of those large tracts of land is build me a new house and sightings of my ass would be rarer than Bigfoot. I'd also buy an uparmored chase vehicle for severe weather season. Immediate family would be taken care of. My church would get a chunk. Some charities I like such as make a wish and Samaritan's purse.

I'd just chill and invest in cancer treatments/prevention. I'd give most to St Jude and MD Anderson.
08-08-2023, 10:14 PM
Tater

Quote:

Originally Posted by Offshore Dawg

Some chicks will do anything for the right price. You can still have hope,

Office Space is a great movie. Should give it a watch some time.
08-09-2023, 07:24 AM
WeDemBoyz

Nagga.. nagga.. notgunnaworkhere anymore
08-09-2023, 07:34 AM
Ranchdawg

Quote:

Originally Posted by starkvegasdawg

Land. Then more land. Then more land. Then in the middle of one of those large tracts of land is build me a new house and sightings of my ass would be rarer than Bigfoot. I'd also buy an uparmored chase vehicle for severe weather season. Immediate family would be taken care of. My church would get a chunk. Some charities I like such as make a wish and Samaritan's purse.

I?m like you buy large chunks of undeveloped land. Then hire a bunch of people labor to take care of said acreage. I?d buy every piece of equipment to take care of the land bulldozers, track hoes, excavators, skid steers ect. I wouldn?t lift a finger I?d just instruct labor to do it. Already spent thirty plus years building one undeveloped tract into a farm/ranch. At this stage of life I just don?t have ability to build maintain land.
08-09-2023, 08:45 AM
louisvilledawg

I'll tell you what i'd do man: Two chicks at the same time, man.
08-09-2023, 09:16 AM
TrapGame

Quote:

Originally Posted by louisvilledawg

I'll tell you what i'd do man: Two chicks at the same time, man.

https://media.tenor.com/EqwVh97z71UA...-powerball.gif
08-09-2023, 11:27 AM
the_real_MSU_is_us

Give it all to the Clinton Foundation, of course
08-09-2023, 11:50 AM
MrCoachKlein

Quote:

Originally Posted by Homedawg

Better off putting in a money market w an even lesser rate(yes I know they are better rates out there) It compounds. Cd doesn't. ...mm outperforms it

USFR or t bills if you want longer guaranteed return.

I'd make a downpayment on a truck*
08-09-2023, 12:51 PM
EdwardDrayton

Quote:

Originally Posted by MrCoachKlein

USFR or t bills if you want longer guaranteed return.

I'd make a downpayment on a truck*

Not sure it's quite enough for a RAM diesel these days
08-09-2023, 03:01 PM
BrunswickDawg

I actually knew a guy who was one of the first winners of the Georgia Lottery back in the early 1990s. He was a field archaeologist. He bought a new trailer and some land in West Georgia, bought a new truck and bass boat, and put most of it in a trust for his daughter. He had no bills, so he picked his jobs by where he could fish in his off time. Legend.
08-09-2023, 03:21 PM
Coach34

I would buy some land on the road between Batesville and Oxford and have a talented person construct the most beautiful Mississippi State monument that is easily seen by every driver that passes by
08-09-2023, 04:43 PM
starkvegasdawg

Quote:

Originally Posted by Coach34

I would buy some land on the road between Batesville and Oxford and have a talented person construct the most beautiful Mississippi State monument that is easily seen by every driver that passes by

A monster Jumbotron playing highlights of us winning egg bowls on loop.
08-09-2023, 04:55 PM
TALL DAWG

We have a WINNER here!
08-10-2023, 10:02 PM
TUSK

easy....

cosmetic surgery....

on my hands....

https://previews.123rf.com/images/ca...d-on-white.jpg
08-10-2023, 10:14 PM
MrCoachKlein

Quote:

Originally Posted by TUSK

easy....

cosmetic surgery....

on my hands....

https://previews.123rf.com/images/ca...d-on-white.jpg

Not a Cam statue wearing a Bear jersey and hat?*
08-10-2023, 11:32 PM
TUSK

Quote:

Originally Posted by MrCoachKlein

Not a Cam statue wearing a Bear jersey and hat?*

You must spread some Reputation around before giving it to MrCoachKlein again.