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/biz/ - Business & Finance


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19325776 No.19325776 [Reply] [Original]

>Congratz anon, you just won the lottery, 10 million dollars are now all yours!'
What do you do right after it? How do my /biz/raelis avoid the usual fate of lottery winners and stay in the green?

>> No.19325806

I’d buy $9.99 million of BTC to help you guys and burn the cold wallet I stored it on. Then rope to finish the job

>> No.19325821

I put 9 million into SPY
put 1 million into a separate bank account
set up a monthly transfer of 1000 Euro to my main bank account
never touch the 10 million except for the monthly transfer

>> No.19325827

>>19325776
All in LINK.

>> No.19325861

>>19325776
I'd buy make it stacks of LINK BTC and ETH, put some in blue chip tech stocks and put some in PMs and real estate. Do fuck all with the leftovers

>> No.19325892

Years ago I read a sex story where this guy one the lottery and became a total sexual deviant. I'd find that first and plan accordingly.

>> No.19325974

>>19325892
asstr org/~Kristen/05/lottery.txt

I think this is it.

>> No.19325999

>implying 10 millions are a net amount and you don't have to pay already a shitload of taxes because you won the lottery...
2.5 millions on real estates to rent
1 million in high dividend stocks
500k in crypto (that are more than enough to earn 5-10 millions with a few position trading right moves).
1 million house, car, and a bit of fun
5 million in bank account with a decent interest rate

>> No.19326042

>>19325776
>$100k in an account to immediately piss away on dumb shit like a new car or other discretionary spending
$9.4M in dividend aristocrats and/or ETF's
>$500k deposit on a $2.5M house ($2M mortgage)
>$9.4M returning about 4% dividend yield will set me up with $380k per year before tax and that will grow each year
>Stocks themselves will also grow at about 6-8%
With $380k per year (about $250k after tax?) I could repay the $2M mortgage (about $150k per year), have comprehensive health insurance for family, and live a modest life

>> No.19326083

>>19325821
>I put 9 million into SPY PUTS
fixed

>> No.19326084

>>19325776
Reward myself with some comforts but diversify 50% of it into multiple markets and put the rest into low risk/savings.

I’d like to grow the winnings and my lifestyle is/would remain very simple.

>> No.19326097

>>19325776
It's not 10 million cause u would have to pay like 50 percent tax so it's more like 5 million

>> No.19326164

Buy a nice beach house for my parents. Put most of it in safe stocks to live off of the dividends. Keep a bunch to buy a car, go back to Japan, buy new dragon dilldos and such

>> No.19326442

>>19325999
>5 million in bank account with a decent interest rate

This proves you know nothing. Next time put statements like this first so I don't have to read your whole post and waste my life.

>> No.19326871 [DELETED] 

bump

>> No.19326930

>>19326097
I bet you’re a fucking rock star at parties! Let’s just say for the sake of retard here, that we cleared 10 million after taxes.

Seriously kill yourself.

>> No.19327025

>>19325776
Say if I was not taxed for it like in countries such as Australia.

I would put a million to Universa Tail Hedge fund as insurance: https://www.zerohedge.com/markets/black-swan-hedge-fund-advised-nassim-taleb-returns-3612-march

Wait for the market dip and buy a split of ARKW and TQQQ with about $6 million.

Put $1 million into the Margin Lending Fund for 10% grow annually: https://invictuscapital.com/imlFund

Spend the last $2 million in BTC.

That's my long term portfolio set.

>> No.19327328

TELL
NO
ONE

>> No.19327347

>>19325776
prob let my CFA buddy who works for wells fargo and makes 160k a year manage about half of it. with the other 5, I'd get a house, pay off all my debt and family debt. pay off close friends debt. invest about 4 million into good stocks of my choice and try to flip

>> No.19327589

Buy an olive farm in Corsica and try to find a big titty med wife and just live comfy and maybe sail the med a bit

>> No.19327617

>>19325776
Spend 10 million on lottery tickets

>> No.19327790

>>19325776
>What do you do right after it?
All in on Bitmex, x20 long @ 8500.

>> No.19327843

>>19327790
based

>> No.19328058

>>19325776
1 Mil gold
6 Mil Link
1 Mil BTC
1 Mil buy house in rural area as a safe retreat
500k charity (partly to Christians in Palestina and Syria to piss of Jews, partly to white supremacist orgs in Europe)
500k dunno

>> No.19328114

>>19325776
Invest the entire amount into dividend stonks, should get paid a cool 200,000 USD a year for doing nothing.

>> No.19328277

>put 10 million in aave
>wait for a dump
>take out 2.5 milli for the dump
>fomo in another 2.5 milli if it dips or rises
>put 5 mill back into aave
>take out a 5 mill loan.
>put half into gold coins
>put half into swing stack shitcoins
>Take out interest on the initial 10 mil
>splerge a bit
>hope that /biz/ can make some right calls for me
>loan another milli for house and car
>buy latvian ice princess
>maybe a couple more of them
>diversify
>no niggers tho
>just more ice princess
>you know, blonde hair, pale skin, piercing blue eyes, green eyes too
>from different countries tho
>Just the way god intended
>keep coming on /biz/ for the tips
>keep cumming on /bitches/ with my tip
>die

>> No.19328367

>>19325776

>Money goes into index funds that give reliable dividends
>Sell my house
>Move to Wyoming
>Move into a smaller house
>Spend the rest of my life mountain biking and rock climbing
>Spend nowhere close to the amount of money I'm making from dividends alone

That is all I want to do. One day, I fantasized about winning the lottery and doing that and then realized I don't need millions of dollars to do it, I only need like $30,000/year.

>> No.19328489

>>19325776
>Keep the winnings anonymous (hopefully I live in a state that lets me do this)
>Take the lump sum
>Dump it into safe investments with a 6% ROI
>Draw 4% annually
>That's my income
>Don't think about my lump sum anymore, it doesn't exist so far as my day-to-day is concerned
>Buy a modest house on 30-year mortgage with a good roof
>Get a used Prius
>Maybe step up from clothes shopping at Walmart to clothes shopping at GAP
>Use the rest of my income to support myself without working and pursue hobbies that interest me
>Tell anyone who asks what I do for a living that I do remote IT for some random company.
>Never tell anyone about my lotto winnings ever. Not wife, not children, not anyone, never.

Easy shit.

>> No.19328519

>>19326442

I laughed at this too, half his money wouldn't even be beating inflation. Lol

>> No.19328579

>>19328489

There are only like 10 states that don't make it public that you won or allow you to keep anonimity unfortunately. Even they make it hard if I remember correctly

>> No.19328665

>>19328579

The good news is most people don't regularly check their state's lotto websites to see which of their high school classmates, acquaintances and former coworkers won the lottery. But yes, it's bullshit and the very existence of this state-sanctioned get rich quick scheme is proof the government hates you.

>> No.19328685

>>19328579
>advertise the lotto as a hail mary play that will immeasurably improve your life when it pays off
>force you to identify yourself to claim winnings, ensuring you can never have normal human relationships ever again and probably putting you on a shortlist of assassination and burglary targets

Seems like a shitty deal desu

>> No.19328705

Pay my taxes and then buy a nice meal at Wendy's with what's left

>> No.19328708

>>19325827
This. 1 trillion eoy.

>> No.19328719

>>19328665

I'm assuming your name would be on the local news station briefly so if someone even a few people removed from your usual social contacts might send it down the grapeline. I guess if ever questioned you might be able to say "If only, I guess it was another Chad Chadderson, what are the odds?!" Just don't let them get a picture. Lol

>> No.19328736

>>19328685

Honestly, its a bit weird and does seem almost like a dick move by design. I'm curious of the logic by the "officials"

>> No.19328762

>>19328719
grapevine*

>> No.19328772

>>19325776
all in ETF and never work again

>> No.19328822

All in sqqq

>> No.19328960

>>19328736
My guess would be that every face, name and winnings amount that they can take a giant-check photo with and make news stories out of essentially amounts to more advertising for their lotto, so it keeps the ticket sales coming in. It's harder to make the lotto seem sexy and like a poor man's golden ticket out of wageslavery when the winners are anonymous.

>> No.19329015

Cuckaine and hukers

>> No.19329101
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19329101

>>19325776

>> No.19330214 [DELETED] 

bump

>> No.19330380
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19330380

>>19325776
1m btc
1m eth
1m cash
5m rental realestate
1m cars, cumming inside hookers ect.
1m vti

>> No.19330422

>>19327617
Based

>> No.19330525

>>19325776
Fucking nothing for the rest of my life, i can literally live with 2000/3000$ per month without doing shit, only a retard would invest more than 0,01% of that money into the market and lose everything.

>> No.19330787

>>19330525
You could put 100k into a trading account, make a 1% gain every day and cash it out. That would be your job and you would be earning $1k per day.

>> No.19330812

>>19325999
>paying taxes on lottery
not in any sane country

>> No.19331123

>>19325974

This is good read

>> No.19331373

>buy secluded house
>concrete foundation
>carve out large space in center of house for big vault
>buy tons of PMs
>fill vaults
>buy a rug
>buy a couch
>repeat a few times
Save 10% for spending money/retirement

>> No.19331439

>>19325999
digits are hard to argue with
more in to the properties makes a lot of sense
putting any fiat back in to fiat (stocks) is completely retarded at this point
putting large portions of fiat in to a bank account of any type is a completely retarded move at this point.

your lack of a plan to purchase precious metals is completely and absolutely asinine.

>> No.19331571

>>19325974
before i waste my time reading, is this story real or fiction?

>> No.19331857

>>19325776
Probably I would start to get a degree in a lucrative field, doctor, dentist or something, because time now doesn't matter and when I get the degree and in case of "usual fate", I still be able to get a decently paid job to put my life again together. Or better, open my own praxis if I still have enough money after the degree.

>> No.19332165
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19332165

>>19331857
>just go to college, Norman
How does it feel to be this retarded, brainlet?

>> No.19332238

>>19325776
I would buy so many apartments in the city and become a based landlord

>> No.19332267

>>19325776
Marketbuy LINK to $10

>> No.19332325

>>19332238
>refuse to rent to section 8

>> No.19332526

Assuming it's $10 mil after taxes
$5 mil in properties (nice apartment downtown for myself, land and a house in the country, and maybe $2 mil in middle-class/gentrifying rental properties)
$3 mil in pure investments ($500k tied to the DOW assuming Trump wins in November, $500k in crypto, $2mil in assorted stocks)
$2 mil in reserve (emergencies, helping family, paying property taxes, so on)
I would keep going to school, maybe adding grad school to law school but probably not. I'd decide what to do with my life after graduation.

>> No.19332690

>>19332165
feels good, because if I piss away the money and don't work for years with my meme tier cs degree, then my knowledge will be depricated and my choices would be homelessnes or suicide, but if I have a dentist degree it will be probably good enough after even 10 years to get hired on the spot without even reading a new book about it. basically a failsafe, also good if the world collapses, who can fix others, could earn food

>> No.19332770

>>19325974
literal incel fantasy writing.

>> No.19332771

>>19332690
How could you possibly end up homeless if you were given $10 million to invest
The average American makes less than $2mil in their lives
You could buy a million dollar house and then spend $7,000 a *month* for the next *sixty years* and you would still have $4 million dollars to invest during the most major market dip in a decade
Unironically how could you possibly end up bankrupt

>> No.19332825

>>19325776
Fix body so I can walk again

>> No.19332852

>>19332771
if you were really smart you'd invest in IRA's for every member of your family and live like a hermit.
Or start some kind of rival channel to mr beast and just end up making more money than you spend via viral clickbait and dumb zoomers.
>rent a Lamborghini
>have 6 of your stupid friends act like they're playing the "last one to be touching it wins meme"
>drive it back to the rental place the next day
>ad revenue puts 100,000$ in your account
Fuck youtubers.

>> No.19332861

>>19325776
i buy land with forest for a homestead. also, physical gold and silver, tools, guns, ammo, machinery, a new-old beater car, several underground albania-style nuclear mini-bunkers

>> No.19332959
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19332959

>>19325974

>> No.19332966

>>19328367
https://www.mansionglobal.com/articles/listing-of-the-day-a-hillside-home-in-jackson-hole-15372

>> No.19333960

10 million? I would spend everything but 3 million over 2 years.
Build a homestead on the side of a mountain

>> No.19334380

Bump

>> No.19334429

>>19325999
lol

>> No.19334579

>>19325776
Get the fuck out of my parents house and try and build myself up as an independent person with responsibilities. I will get myself a nice plot in the middle of nowhere and build up from there. 10 million is enough money that I don't need to worry about investing it to earn more or anything, so I would just take my time and invest in things I see as worthwhile.