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/biz/ - Business & Finance

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11476903 No.11476903 [Reply] [Original]

When I win the Mega Millions lottery I will pump Bitcoin for you anons. You've been my only frens for the last year so I want to give back.

>> No.11476951

If your taking the annuity option (which you should since you'll lose a bunch of money otherwise since they only will give you like half the jackpot up front) then you won't really have enough money immediately to make a significant difference by EOY. So just do what makes you happy. We'll be able to make it don't worry.

>> No.11477040
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11477040

>>11476903
>>11476951

>> No.11477506
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11477506

>>11476903
If I will the lottery, I'll be pumping my linkies for you fien

>> No.11477513

>>11476951
>If your taking the annuity option (which you should since you'll lose a bunch of money otherwise since they only will give you like half the jackpot up front
Sorry anon but you're never going to make it.

-900 billion now, invested in ultra low risk 2% certificate of deposit for 30 years = 1.63 billion in 30 years
-Or a small fraction of 1.6 billion each year that you may never get to realize (could get killed the next day, etc)

You are utterly retarded if you choose the annuity

>> No.11477582

>>11476903
I'm sure if any biz bro wins he'll buy a nice chunk of bitcoin, eth, link, and req.

>> No.11477877

>>11477513
I was about to post something similar to this. I think that anon skipped out on basic economics.

>> No.11477889

>>11477513
>>11477877
>900b
-450b in taxes and fees

>> No.11477890

>>11476903
Don't pump anything. Keep everything for yourself. You should only help people you personally know.

>> No.11477922

>>11477889
Whatever, you will lose the same or roughly similar amount in taxes on annuity.

>> No.11477938

If I win, I'll just slowly accumulate as many cryptos as I can without pumping shit for you fags, then I'll dump everything next bullrun

>> No.11477959

I only play the lottery when it hits one billion. Got five of these and passed four out to family members.

Planning to talk to a tax lawyer first, but I'd like to hand out $10,000 each to my coworkers and bosses who've treated me right.

Give a million to my family members in the form of part cash, part crypto.

Set aside ten million for business ideas from friends who have shown they have what it takes.

Buy up a bunch of HOT and although I hold no stinky linkies, I'll get a large chunk of that.

Otherwise, buy a moderate sized house, continue to live cheaply and take to traveling.

>> No.11477981

>>11477959
Although statistically speaking, if I win the lottery, the sudden influx of cash will ultimately destroy my life.

Thankfully meth, heroin, etc. don't appeal to me, so I'll stick with weed.

>> No.11478005

>>11477889
900m is the winnings after the taxes and fees bro, the jackpot is up to like 1.7b

>> No.11478028

Is there tax on giving large sums to family members?

>> No.11478040

>>11478005
No 900m is what you get if you take the lump sum. Then it's taxed

>> No.11478054

If I will I will ask for all 1.6 billion in singles and stack it into a giant dick and set it on fire on national TV.

>> No.11478142

>>11477959
I would buy as much LINK OTC as Sergey would sell me. Then I dump on all you faggots, I'd dump until there every buy order was filled. Then I'd come back the next day and dump some more.

>> No.11478737

>>11476951

>Not taking lump sum option

Kek, holy shit, get a look at this retard.

Never gonna make it.

>> No.11478852
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11478852

>>11476951
Im embarassed for u

>> No.11479474
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11479474

>>11476951
>We ain't ever gonna make it

>> No.11479952

>>11477513
Its a 900M lump sum vs a 1.6B annuity. If they had the same value the lump sum would be vastly preferable but this isn't the case. Other than the immediate loss of 700M from the lump sum you will also have a lower tax rate on the annuity due to how marginal tax rates work and the fact that you will have time to maximize your deductions during each fiscal year.

You are right that if you were to invest the entirety of the lump sum the moment you got it in 2% yielding treasury bonds you would make about 1.63B after 30 years. However if you invested the annuity the moment you got it each year you would invest 24M starting out then 25.2M the next year and so on, which would yield about 2.01B after the 30 years. At about 1.1B the lump sum becomes preferable to a 1.6 annuity but the actual deal isn't close to that.

And if you are killed the next day it won't matter which option you take you won't have possibly been able to use any of that money anyway in only a day...

>> No.11479978

If i won I'd market buy 200 Million worth and fuck up everyone's charts