So, You Hit Megamillions for $1.6B | Page 3 | The Boneyard

So, You Hit Megamillions for $1.6B

I’d pay whatever it cost to fund a Divison one men’s lacrosse program w/best stadium/practice facilities in the history of college lax
 
minidarren said:
Why not a Cayenne? You're getting your wife a full size SUV and yourself an entry level mid sized?

I happen to be looking at both right now to replace my lease at the end of 2019.
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Entry level? It’s faster and handles better. https://www.porsche.com/usa/models/macan/macan-turbo-models-1/
Not really sure what I’d get, but smaller and more agile is more fun to drive.

I would also get myself a winter car, like a Lexus GX.
 
I believe that winning the money would make your life a living hell, avoiding everyone who would be in your face constantly to get a piece if it. Gonna spend a lot of money for security. After that trying to figure out how to spend or donate it and that in itself is a full time job, one that is not fun because many who you reject will be worthy and ultimately disappointed in you. Being normal is essentially over, you need a gated fence or community at minimum to keep beggars out. But as what to do with it I think I would buy a vineyard in a distant place to go to in cold weather.
 
jibsey said:
I believe that winning the money would make your life a living hell, avoiding everyone who would be in your face constantly to get a piece if it. Gonna spend a lot of money for security. After that trying to figure out how to spend or donate it and that in itself is a full time job, one that is not fun because many who you reject will be worthy and ultimately disappointed in you. Being normal is essentially over, you need a gated fence or community at minimum to keep beggars out. But as what to do with it I think I would buy a vineyard in a distant place to go to in cold weather.
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Yes you’d have a lot of pathetic losers coming at you for money.

But pro athletes face that problem too. They somehow survive.

I’d buy a bunch of cash flowing assets like huge apartment buildings and live off the cash flow.

Or buy a pro sports team and make myself gm like jerry Jones
 
HuskyHawk said:
Entry level? It’s faster and handles better. https://www.porsche.com/usa/models/macan/macan-turbo-models-1/
Not really sure what I’d get, but smaller and more agile is more fun to drive.

I would also get myself a winter car, like a Lexus GX.
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Fair enough. My mind went to the Macan versus the Macan Turbo based on what you had said. Macan starts at mid 50's I believe. Range Rover Sport is in the 70's.
 
JMick said:
I have thought about this before. If it's $1.6b then you're probably going to get about $700mm if you take the cash option or $1.1bb if you take the annuity. There is plenty of money to throw around. I would probably give away about $100mm to friends/family as a one time, you are never bothering me for money ever again, and then I'd probably spread out another $100mm in donations. At that point you still have $500mm. Live on the 5% interest and never touch the principle again. Even at 5% annually you can donate additional millions every year and it would be plenty of money to get your name on a building and help the school

I would also make sure to put away $100 for the guy I hate at work and give everyone else like ten grand just because he's an
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Can you point me in the direction of the magic 5% interest? Thanks.
 
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I would build an on campus football stadium. And bring an MLS team to The Rent.
 
whaler11 said:
Can you point me in the direction of the magic 5% interest? Thanks.
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get yourself $500mm and you'll be able to find 5% interest. Even if you go with a crappy run of the mill CD you'll see almost 3%. That's over $13mm at the end of a 12 or 15 month term
 
JMick said:
get yourself $500mm and you'll be able to find 5% interest. Even if you go with a crappy run of the mill CD you'll see almost 3%. That's over $13mm at the end of a 12 or 15 month term
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They can borrow from the fed for just over half your mythical 5.
 
JMick said:
get yourself $500mm and you'll be able to find 5% interest. Even if you go with a crappy run of the mill CD you'll see almost 3%. That's over $13mm at the end of a 12 or 15 month term
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Taxable
 
jibsey said:
I believe that winning the money would make your life a living hell, avoiding everyone who would be in your face constantly to get a piece if it. Gonna spend a lot of money for security. After that trying to figure out how to spend or donate it and that in itself is a full time job, one that is not fun because many who you reject will be worthy and ultimately disappointed in you. Being normal is essentially over, you need a gated fence or community at minimum to keep beggars out. But as what to do with it I think I would buy a vineyard in a distant place to go to in cold weather.
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I think I could muddle through.
 
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JMick said:
yeah I wouldn't exactly be crying about having to pay taxes on million dollar gains lol
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Believe me, you would.
 
CL82 said:
Believe me, you would.
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lol no I wouldn't. They could tax the gains at 70% and it's still comes out to $1mm annually for doing literally nothing

the most frustrating part of the taxes would be hiring someone to make sure they don't mess it up. Personally, since I'm still in my 20's I'd probably just take the annuity. No, it wouldn't let you maximize your profits but at $1.1b do you really need to maximize profit down to the last dollar?
 
JMick said:
lol no I wouldn't. They could tax the gains at 70% and it's still comes out to $1mm annually for doing literally nothing

the most frustrating part of the taxes would be hiring someone to make sure they don't mess it up. Personally, since I'm still in my 20's I'd probably just take the annuity. No, it wouldn't let you maximize your profits but at $1.1b do you really need to maximize profit down to the last dollar?
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Agree with second paragraph. Disagree with the first. It comes with the territory.
 
JMick said:
the territory of what? being greedy?
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Being human.
Think about your current standard of living. You probably envision is as comfortable. You are astonishing wealthy compared to most of the world. Almost unimaginably wealthy. Ever feel unhappy about your tax burden at you chugging checks for income or real estate tax?

Not a shot at you so much as statement of human nature. I know from the CP that you are a charitable guy.
 
CL82 said:
Being human.
Think about your current standard of living. You probably envision is as comfortable. You are astonishing wealthy compared to most of the world. Almost unimaginably wealthy. Ever feel unhappy about your tax burden at you chugging checks for income or real estate tax?

Not a shot at you so much as statement of human nature. I know from the CP that you are a charitable guy.
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idk man. If we were talking about a jackpot of $10mm then I might agree. but this is over a billion dollars if you take the annuity. i don't know how you could possibly complain about taxes
 
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JMick said:
lol no I wouldn't. They could tax the gains at 70% and it's still comes out to $1mm annually for doing literally nothing

the most frustrating part of the taxes would be hiring someone to make sure they don't mess it up. Personally, since I'm still in my 20's I'd probably just take the annuity. No, it wouldn't let you maximize your profits but at $1.1b do you really need to maximize profit down to the last dollar?
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Never take the annuity. If you do you won’t get a picture with a huge check.

1540164071019.jpeg
 
After taking care of my my in-laws and my parents, ensuring my wife and and do not have to work again, and that my kids can work their way through a PhD if they wan to and then buy a house I would spend some on UConn, maybe $20 mill for athletics and anotehr $20 for adamdics over a few years with the help of a tax advisor.
 
jleves said:
Definitely not complaining about the taxes. Just wanted to set the amount as people where kind of guessing. If you can't live on 500m something is very wrong.

I am complaining that I can't buy a ticket.... that's a lot of entertainment for 2bucks. Three or four days of spending a half billion in your mind.
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Someone always has to criticize Johnny Depp..............
 
I would move to New Jersey and stay there as long as it took to double my lotto winnings by gambling on sports. I'd ship the 500 mil profit to the athletic dept to do what they will with it.
While UConn is hopefully allocating the money wisely, I'll build the greatest bar in the world.
If UConn wastes the money, I'll move back to NJ and double up my earnings again on more terrific sports gambling and do it all over again.
 
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The Viking said:
I would move to New Jersey and stay there as long as it took to double my lotto winnings by gambling on sports. I'd ship the 500 mil profit to the athletic dept to do what they will with it.
While UConn is hopefully allocating the money wisely, I'll build the greatest bar in the world.
If UConn wastes the money, I'll move back to NJ and double up my earnings again on more terrific sports gambling and do it all over again.
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As a resident of the Garen State, this idea woudl be great as an extra $200 Million or so taxes and some extra casino revenue will help fix something here (roads, mass transit, property taxes, pendion funding, etc.). That said, knowing the poltical leadership of both parties in the state, not a chance on earth anything improves...
 
Does anyone here really think they could manage 1B? I'm thinking the annuity would relieve most of the stress. If you blow your cash, you'd get a new batch every year.
 
Waquoit said:
Does anyone here really think they could manage 1B? I'm thinking the annuity would relieve most of the stress. If you blow your cash, you'd get a new batch every year.
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You hire people to help manage your money. I think somebody said it earlier, but there's some kind of benefit of taking it as a lump sum oppossed to annuity. something to do with taxes maybe?
 
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