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How would you invest a lottery winning of $10,000,000?
Old 11-10-2008, 11:20 AM   #1
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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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Old 11-10-2008, 12:39 PM   #2
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probably t-bills

maybe play dangerous and buy some GE or VZ stock
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Old 11-10-2008, 12:41 PM   #3
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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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Old 11-10-2008, 12:42 PM   #4
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Old 11-10-2008, 12:44 PM   #5
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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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Old 11-10-2008, 12:50 PM   #6
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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?
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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Old 11-10-2008, 12:53 PM   #7
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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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Old 11-10-2008, 01:13 PM   #8
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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.
Buy non-AMT muni issues only.
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Old 11-10-2008, 01:20 PM   #9
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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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Old 11-10-2008, 01:26 PM   #10
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Old 11-10-2008, 01:44 PM   #11
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I'll tell you how to invest your millions if you give me 10%...
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Old 11-10-2008, 01:45 PM   #12
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I'll tell you how to invest your millions if you give me 10%...
Have I got a sweet annuity for you.
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Old 11-10-2008, 01:46 PM   #13
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Have I got a sweet annuity for you.
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Old 11-10-2008, 02:10 PM   #14
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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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Old 11-10-2008, 02:12 PM   #15
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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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Old 11-10-2008, 02:22 PM   #16
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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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Old 11-10-2008, 02:44 PM   #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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Old 11-10-2008, 03:30 PM   #18
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Aren't those large lottery wins paid out over 20 years?
In Ohio it is either paid over 26 years or as a (discounted) lump sum.

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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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Old 11-10-2008, 03:51 PM   #19
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I thought she bought individual mini's. She is worth about 40 Million.
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Old 11-10-2008, 03:57 PM   #20
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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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