/biz/ - Business & Finance

They don't it's just a poor fag cope

>>16242302
They eat every cent from the looks of it.

>>16242302
they're usually retarded and/or are surrounded by retards

>>16242302
>thinks lottery winners can cash out
Anon, I...

>>16242302
people who play the lottery dont know how to handle money, thats why they play the lottery.

gangstalking and remote controlled invisible weapons, keylogging, scamming, etc

>>16242351
This, I know many many people who play it and they are borderline retards coke addicts.

>>16242363
as opposed to crypto investors, the most level-headed, stable and accomplished people ever to have walked on the face of the Earth

>>16242387
Yes.

>>16242302
When you win the lottery, absolutely everybody fucking knows. Like, nation-wide.

You are pestered, scammed or robbed/blackmailed/extorted/backstabbed until bankrupt.

>>16242302
Primarily this >>16242413

Though admittedly you can try and seclude yourself. The difficulty being that any action you do that demonstrates a higher than normal level of wealth attracts attention.

You are either a target from those who want to be rich or a target by those who want to be richer or remove a potential threat.

>>16242302
Because they are too retarded to do (money/expected years of life)/12 to calculate how much they should spend in one month.
>>16242413
Just move to another country retard
>hurr durr I want to stay in my own country what about muh friends and family
Most of the people that want to scam you are your friends and family. Also if it's worth risking the local mafia coming after you then do it.

>>16242302
Only a retard would buy a lottery ticket to begin with so that should explain it.

Kike taxes

>>16242413
This is why you get a reputable law firm to set up an LLC and claim the jackpot for you.

>>16242302
They are consumed by their families, burning them up because they're normies.

>>16242413
some states let you claim anonymously

>>16242461
>Most of the people that want to scam you are your friends and family

No shit you stupid fuck, I wonder if that was included in my "you are pestered, scammed or robbed/blackmailed/extorted/backstabbed until bankrupt" comment.

>>16242461
>move to another country
>get kidnapped by local mafia because you can't own a gun

BIG BRAIN

>>16242302
Literally all you have to do is park that in the bank getting 1% interest. Is 5.2 million a year not enough. Plus get some t bills, bonds, defensive stocks.
The fact the lottery winners go broke is an indictment of the education system.

>>16242462
>Business and Finance

>>16242340
Underrated

>>16242359
Tell me more about RCIWs

People who play the lottery are usually retards with shit jobs and little ambition. What do you think is going to happen if you give these peasants money

>>16242302
If you win that lottery. You should have 10 billion in less than 20 years

>>16242827
> an indictment of the education system
> thinks it's ok to put fucking half of a billion in the hands of a banking jew

>>16242387
Everything except for "accomplished" was true in that statement

>>16242302

Simple.
They are not aware of the fact that being rich and STAYING rich is a lot of work.
They win, and think that's it, they live happily ever after spending and spending.
It doesn't work like that.

>>16242302
Because the typical player is poor, and the typical poor person is not smart with money

>>16242302
Idk. If I suddenly won $500 million from the lottery after taxes Id retire immidiately. Well techincally im a neet so i guess it really only changes the need/anxiety to look for a job to off. My expenses only run up to maybe 24k a year, playing it safely 30k. Add maybe a bit of luxury and even then it'd only be like 36k-39k a year. Give my family 1/X a piece, keeping 1/X myself. Enough to put the majority of the money into several stores of value and investments so safe its unlikely for me to lose the money unless I die cause I dont take the money with me.

>>16242359
>Remote controlled invisble weapons
Explain and how do i get one?>>16242413
Tjis as w

>>16242302
They didn't buy Bitcoin.

>>16242359
>remote controlled invisible weapons
[The Desire to Know More Intensifies]

>>16243596

Sure. Consider the sharks though. These people usually have no idea what they are doing. Buying a nice house... real estate agent tells them it's a steal at 5 million... when it's really worth 2.
And so on and so worth.
Money is spent very very easily, quest kept stable and made more is hard work.

>>16242359
>Remote controlled invisble weapons
Explain and how do i get one?

>>16242413
This. Id probably have a lawyer take the money and make it as impossible as possible to locate me. Lawyer can take 33% if he can do that well. 50% if he literally makes it impossible through normal human means. The peace and privacy is worth it. That and I doubt I can even use $10 million even if i were to live to 100 years old.

>>16243561
Staying rich isnt a lot of work. Literally living my life the way it is now I wouldnt even scratch 5 million if i lived to be 100.

>>16243651
You could make all of those mistakes and still be comfy for life if you just throw the majority of it into an index and Bitcoin.

>>16243651
Makes sense if real estate agents approached them directly and thry just followed along, but I look up real estate online so I cant really be bamboozled by that method unless they put up a fake price online just for me when there are other potential buyers in which I'd likely just look for a different house (a nice 4 bedroom 2 bath home isnt even 500k where im from and its already expensive here compared to other states)

>>16243669

> Staying rich isnt a lot of work.

Simply ain't true Anon. Real estate is somewhat safe, yet not a huge ROI in the end, considering renovations, taxes, other costs. Stock market has been doing exceptionally well lately, yet that can also change, as it always periodically has. And the fun gambling money you put in crypto ... is fun. No more no less.

>>16242413
This. It's actually well documented. In one case the guy was even already a multi-millionaire and thought np im already rich im just gonna keep doing as always. His kids "friends" turned his daughter into a junkie to get through her access to his wealth. Son got abducted and the wife divorced and left cause she couldn't deal with it. That's also not even half the bullshit that happened. Don't remember the full story. And the dude donated and shit but of course it wasn't enough.

>>16242462
>Only a retard would buy a lottery ticket to begin with

TFW bought a 5$ ticket 4 years ago. It still haunts me.

>>16242387
fucking kek
we're literally just lottery retards with extra steps

>>16242387
kek, shitcoiners are retarded as well

>>16243806

> we're literally just lottery retards with extra steps

Honesty suits you sir

>>16242302
Poor morons play lottery as a crapshoot and never consider what they'll actually do with the money. These retarded faggots only want to live like their hollywood idols.

These are the kind of people that win lotto and then go back home to tell all their friends and family about it. Inevitably they also end up throwing it all down the drain because the retard family is selfish and or they think winning the lotto means money for life.
Also taxes.
>>16242387
Crypto investors are unironically the most level headed people on earth. Have you ever met any actual people working in crypto? All of the guys who made it big in crypto that I know are great programmers and they still go to work despite not needing too just because crypto is a passion of theirs.

>>16243737
Wrong.

60% into high yield savings accounts (greater than 1.5% in the USA) to maximim protected by government
>Spread evenly across 15 1st world countries and 7 2nd world countries and 3 3rd world countries.

25% into land (not necessarily homes)
>Spread across 5 1st world countries and 3 2nd world countries

10% into real estate
>Most homes managed by a middle man who handles all the work for a cut

5% into physical gold and silver
>Purchased at different points in time

>>16243990
By the way when u said real estate most of those homes are used for passive income whuch a middle man handles.

>>16242302
playing the lottery requires you to be financially illiterate in first place.

>>16244006

Depends. You can rent a sea view villa in Ibiza or St.Tropez out for up to 60k a week during season. But you pay a lot to do so. You pay for personel, insurances, and more or less a complete make over once the party people are done with it. It is a nice side income though, that is left.

>>16243990

Also, gold is safe. Yet .. only that, really.

>>16243624

>>16243990
Garbage.
25% stocks market
30% real estate
Physical land is useless and worthless.
10% gold and silver
5% crypto
30% in high yield savings accounts.

Again though its not hard to stay rich. Just living off real estate passive income would be more than enough income to live a above average lifestyle. Almost no Americans actually own any homes.

Because only poor people play

>>16244127
>physical land is useless and worthless
Explain?

>>16243784
Interesting...I wonder how much of the lottery winners downfall is a result of their sole actions rather than pressure from friends/family.

I made 6 figures from crypto and stupidly told my friends. (didn't actually tell them but I told them before it blew up and then they worked out how much I must've made). And I've already felt pressure. Just from 6 fucking figures, hey bro let's do a business, hey bro I need to borrow some money, hey bro pay for this, hey bro where's my huge birthday present.

CAn't imagine the pressure from someone who won the lottery. I've literally told all my friends I fucked it and just stay low key now.

>>16243806
If trading crypto is like playing the elottery for you then you aren't going to make it

>>16242509
why tf would you have an attorney set up an LLC? A Trust is perfectly fine for staying anonymous and much more common.

Actually, as far as I know, when people win the lottery, they get a consultant from the lottery company who tells them: do not tell anyone, least of all your own family, and so on... yet by that time, most of them already told friends, family, and they all want a piece of the pie.

>>16242302
the kind of people who are so bad with their money that they actually play the lottery, cant keep the money they make from it because they're already financial morons to play the lottery to begin with.

>>16242827
>all 5mil in a jew bank
anon pls

>>16242387

>>16244199
Ouch that sounds horrible.

>>16244127
Nonetheless you admit it is easy. It was a rough draft nonetheless. Dollar cost average the real estate, land, and gold/silver over time just in case stuff happens. As for stocks I'd pass for now, prices could keep going up but I can wait for a dip, max 0.25% into stock market (no options unless they are far out call options in the middle of a recession or depression or far out, 2022, in the money puts on a super expensive company at a time like this). The real estate alone does earn something and if prices go down you still have a home and land. The undeveloped land is for personal use and intended to be far from civilization, low cost + high acreage + comfy wilderness.

>>16244488
I made some decent money in crypto and every single friend of mine that figured it out instantly turned into gimmedats assholes that got pissy I didnt spend money on them. finally had to start telling them I dont remember you paying my way or buying me expensive things when I was broke and barely getting buy and you lived decent on your wages but now im doing good and suddenly im the asshole for not dropping all my money on you guys when you didnt do the same.... a huge fuck you to you selfish think only of yourselves pricks and now I dont talk to any of them and moved away to a quiet little podunk town of 300 people and I stay on my private dirt road and ignore the world 90% of the time. fuck those me me me gimmedats pricks that didnt once help me but got mad at no handouts for nothing.

>>16242827
Exactly the bank, even the cheap ones. If you played it risky you can get over $8 million on interest alone. Spreading it across multiple accounts sounds like a pain. Simplier to buy real estate and land. Real estate far from civilization can be fully decked out in case the country your in collapses youll have something still. Heck if you got enough money and spread it across multiple countries all you gotta do is claim refugee status if the country your in collapsed and you still have a chunk of wealth.

>>16242340
Agreed, I'm not seeing a lot of impulse control in that picture.

>>16244564
I know that kinda behavior albeit in a different sense. Very demoralizing.

>>16244564
I know that kinda behavior but not with friends and in a different sense. Very demoralizing.

>>16242302
Imagine you are just a regular guy doing whatever then one day you are worth millions. Your neighbor, who before was just a guy in a funny hat who kept to himself, suddenly starts coming around.
>Shalom neighbor! I have a wonderful business opportunity to tell you about!
A few months later
>Oy vey the economy! Whadda ya gunna do?
Basically that x1000.

>>16242302
because they can’t manage or properly spend wealth. Most people who buy the lottery are retards so when they get a huge sum of money, their first instinct is to satisfy all their vain desires. When they realize that doesn’t make them happier, they just keep buying to fulfill their never ending desire for more. Also family members, even ones they’ve never heard of or spoke to, start flattering them and bleed them dry. That large sum is then spent quickly and the lottery winner is usually worse after because of it.

>>16242387
correct

cope

>>16244199
Thats fucked you won't help your friends out. I help my closest friends out when I made it off crypto. However anyone else outside my close friends won't get jack shit not even my piece of shit boomer mother. Fuck them. The only people who were ever there for me when i was poor were my friends. So fuck off you can't your friends out.

>>16244402
I'd probably go with whatever structure the lawyer recommends.

>>16242413
maybe for burgers, here its completely anonymous

>>16244795
No fuck your friends. The only people you should share money with is your immediate family.

>>16244649
Its a good thing I have no friends and I don't think any of my family pays attention to lottery winners.

>>16245057
bullshit, if your friends helped you out and did more then your family to help you. Sure as fuck help them. My family is shit so fuck them.

Since when do we accept 16 year olds? For fucks sakes, Anons, right above my message, have something to say before you type.

>>16242302
Imagine you shot some fat fuck with a muscle beam and turned him instantly into a shredded Adonis. How long do you think it would last before he fully reverted to his former state? Winning the lottery is the same principle. The gains come without the habits and skills that create and maintain them.

>>16242827
>>16244587
Lottery winnings are typically paid out in small installments over time.

>>16245421
Usually you can choose either a smaller lump sum or the full amount in installments over 30 years or something like that. Experts usually recommend the dividend plan because most people blow the lump sum.

>>16245499
Thinking about it, wouldn't the installment plan be worse due to inflation? Or does it get adjusted? Well not that it matters.

>>16245264
this

>>16245569
Did some research, the fuck, you get taxed on lottery winnings. I wouldn't take the lump sum either.

>>16245569
Yes, it's worse if you have any investing sense at all.

Because Epstein didn’t kill himself

>>16243669
>That and I doubt I can even use $10 million even if i were to live to 100 years old.

You'll have medical problems and need assistance as you age. $10 million isn't enough to cover that.

>>16242302
>Why do lottery winners go broke?
>No financial literacy due to systematic education.

>>16243975
>Crypto investors are good because these few people that I know who invested in crypto are good

>>16245622
>>16245622
>$10 million isn't enough to cover that.

But anon, Smart rich people go to different countries and go on medical tourism for less or free.

>>16242387
chekkked

>>16245622
>10 million noy enough

Lol explain how all the people in the US where MEDIAN INDIVIDUAL income is about $31,000 USD, pretaxes iirc have no issues with medical costs?

>>16245421
>Lottery winnings are typically paid out in small installments over time.

Only if you're a stupid fuck who chooses the deferred payment rather than lump sump

>>16243737

Just diversify enough and don't spend/gamble it away like a tard. 99% of people can't do this.

nice

yoho, yoho, we row beneath the black flag <3

>>16245983

He isn't. He spends every morning 4 hours checking news and chats because od stocks... it is work.

>>16245421
Again only in burgerland

Truly cucked