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How would you invest a lottery winning of $10,000,000?
11-10-2008, 10:20 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Location: St. Louis
Posts: 1,563
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How would you invest a lottery winning of $10,000,000?
I would invest in short term tax exempt bonds paying about 3.2%. Any better ideas out there? Would there be a need to move to a tax free state or would tax exempt bonds slove that problem?
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11-10-2008, 11:39 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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probably t-bills
maybe play dangerous and buy some GE or VZ stock
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11-10-2008, 11:41 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 1,645
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A nice chunk of land, say 500 acres, a compound (with bunker), lots of guns and ammo, solar/wind/alternate off grid energy, and some farming equipment/livestock.
The rest in Tbills
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11-10-2008, 11:42 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Zero coupons, in honor of the greatest guru of all time, Suze Orman.......
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11-10-2008, 11:44 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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No help here...
I wouldn't care if it grew at all if I won $10 million dollars.
Seriously.
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11-10-2008, 11:50 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Jul 2006
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Quote:
Originally Posted by rec7
I would invest in short term tax exempt bonds paying about 3.2%. Any better ideas out there? Would there be a need to move to a tax free state or would tax exempt bonds slove that problem?
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Tax exempt sounds good. With all that money it would be easy to set up your primary residence in an income tax free State. Don't know how AMT might figure in here though. I think the type of muni you buy.
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11-10-2008, 11:53 AM
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#7
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Full time employment: Posting here.
Join Date: Feb 2008
Posts: 920
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Yeah I don't think I'd have much of a need to grow principle either with that much of a wad.
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11-10-2008, 12:13 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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Quote:
Originally Posted by Bikerdude
Tax exempt sounds good. With all that money it would be easy to set up your primary residence in an income tax free State. Don't know how AMT might figure in here though. I think the type of muni you buy.
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Buy non-AMT muni issues only.
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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11-10-2008, 12:20 PM
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#9
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Moderator Emeritus
Join Date: Jun 2007
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Invest? You gotta be kidding. If ever there would be a time to learn how to spend. Never mind, I'm on the wrong forum for that.
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11-10-2008, 12:26 PM
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#10
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Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
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TIPS
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Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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11-10-2008, 12:44 PM
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#11
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Moderator Emeritus
Join Date: May 2007
Posts: 12,894
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I'll tell you how to invest your millions if you give me 10%...
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11-10-2008, 12:45 PM
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#12
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Moderator Emeritus
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,873
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Quote:
Originally Posted by FIREdreamer
I'll tell you how to invest your millions if you give me 10%...
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Have I got a sweet annuity for you.
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11-10-2008, 12:46 PM
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#13
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Moderator Emeritus
Join Date: May 2007
Posts: 12,894
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11-10-2008, 01:10 PM
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#14
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
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If someone handed me $10,000,000 (I presume after taxes), to me the income would be far less important than making sure it was in something rock-solid but also well diversified.
So, I would probably put considerable chunks in treasuries, tips, real estate, Wellesley, CD's, and so on. I might buy an apartment building and hire someone reliable to manage it for me. I might buy some laundromats and do the same. When selecting investments I would think less about the after tax yield, and more about how rock solid reliable it would be and how it would add to my diversification.
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11-10-2008, 01:12 PM
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#15
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Thinks s/he gets paid by the post
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I'd invest a quarter of it in non-profits I support, a quarter in my own investments using the same types of investments I now have and half of it in a MM waiting for tax day
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11-10-2008, 01:22 PM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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I'm not crazy about state finances these days so I'm not sure I'd want to trust my $10MM to the muni's. I'd go with TIPs and pay the taxes. Maybe a little fun money in equities.
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11-10-2008, 01:44 PM
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#17
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Aren't those large lottery wins paid out over 20 years?
So a 10,000,000 win would actually be $500,000 per year less taxes you'd have to figure out how to live & invest on.
Heck, I'd probably just max out my IRA's for the year & blow the rest on travel & fun.
When it runs out in 20 years I'd live off the IRA's.
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11-10-2008, 02:30 PM
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#18
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Gone but not forgotten
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Quote:
Originally Posted by Texarkandy
Aren't those large lottery wins paid out over 20 years?
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In Ohio it is either paid over 26 years or as a (discounted) lump sum.
Quote:
So a 10,000,000 win would actually be $500,000 per year less taxes you'd have to figure out how to live & invest on.
Heck, I'd probably just max out my IRA's for the year & blow the rest on travel & fun.
When it runs out in 20 years I'd live off the IRA's.
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11-10-2008, 02:51 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Jul 2007
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I thought she bought individual mini's. She is worth about 40 Million.
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11-10-2008, 02:57 PM
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#20
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Full time employment: Posting here.
Join Date: Oct 2002
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Physical Gold and Real Estate . . . I could tolerate the swings, and I could enjoy a modest lifestyle when Big Macs cost $10.
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