Take the lump sum. Pull out 5 Million or so to pay off mortgage get a new house, car, travel, invest in artistic projects and charities. Invest 3/4 of what's left in low risk investment, 1/8 in high risk/high return investments, and 1/8 in moderate risk/return investments. Continue giving to charities Live off of the interest and enjoy my life and peace of mind.
I bought into a pool at work when there were 7 people. Now there's 30 people in the pool. If we win, I suppose I'll take a long vacation before going back to work. (I'd buy a ranch at some point too.)
I don't feel comfortable paying for it. Would probably do some couples only cruises and go Hedonism II.
I'd take the lump sum. set side 10 million for stupid spending money. get a bentley, maybe a panda bear, etc. another 20 million set aside in a college fund for me and my sisters' kids. buy a house under $5 million set aside $50 million in extremely low risk investment set aside 25 million in moderate risk investment set aside 10 million in extremely high risk investment give 40 million to charity disperse 6 million amongst siblings disperse 2 million amongst close friends spend the rest on real estate properties
hotballa, 20 million for college for you and your sister's kids? I think 1-1.5 million should be more than enough.
Well there will probably be close to 10 kids, and everyones under 7 years old except the oldest. but yeah, maybe $5 mil at the most. extra 15 mil for more panda bears :grin:
Anytime this comes up, everybody always wants to invest in something. Why do you need to invest $200M+? Thats too much work and stress involved. I ain't trying to work anymore. All I would do is take care of my immediate family, (sorry cousins), and just live life. Keep it simple.
You don't invest all $200M. You take $100M and put it in something stable that can be converted to liquidity if necessary, and you hire a big money firm to manage the rest. You don't work at it: you let Goldman Sachs, et al work at it for you. You think millionaires stay millionaires by sitting on their money?
State lotteries in the US usually give a large majority of proceeds to education which make me more ok with it. I personally dislike gambling as well but I've heard the arguments 1. life is short and this is their ultimate dream. 2. see it as the most reasonable form of entertainment (if controlled). Dropping $20 a week on entertainment is often more carelessly done all the time.
You'd buy one house, and then you'd get bored and buy a few more - really no reason not to if you have that kind of money, you could easily carry 3 or 4 around the world and not sweat it.
I can't imagine how i would handle all the "relatives" and "friends" coming out of the woodwork. So i would probably collect my money and move to another country lol.
I'd take the lump sum and invest the majority of whats left after taxes. Buy a decent house for about 2-3 million with some land or on a nice lake near a golf course. I'd give a million to my old church with the stipulation that they paid off all debts with it - because they operated on a negative budget almost every year. live off the interest of the investments. Set up college funds for my kids and immediate families kids. I'd probably still work, but I'd be my own boss. My kids would be required to go to college and get a job, but they would have a nice inheritance when I passed - although I would still leave a lot to different charitable organizations. thats 40+ a week??? If an 18yr old invested that until he retired at 8% return, he'd almost be a millionaire with over $880,000. If he got the Dave Ramsey suggest 11%, he'd have $2.2 million.
Well, I mean city-wise, not where I am exactly right now. I think I know more than 20 people who know I live in Katy.
