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Old 01-11-2016, 09:17 PM   #61
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I assume you're talking about the NFL team. Forbes has it at $2.6 billion, so way out of my league at only $0.5 billion.
Hmmm, didn't realize it was that overpriced. Maybe you could finance the balance?
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Old 01-11-2016, 09:39 PM   #62
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Bought a couple tickets tonight and the screen on the lotto ticket machine said $1.4 billion! I'm betting it will go even higher by Wednesday drawing time.
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Old 01-11-2016, 09:47 PM   #63
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Our ROMEO Burger King group bought 54 tickets (6 apiece) this morning. Imagine a bunch of 9 overweight, bald headed, out of shape old men splitting up $1.5 B?

We would have to move the morning coffee group to Starbucks!
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Old 01-11-2016, 11:43 PM   #64
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Like W2R, I'd probably end up giving most of it away to relatives, to charities, and maybe taking a luxury round-the-world cruise. That last one might be hard to talk DW into because she hates the idea of being on a cruise ship but perhaps if she's pampered enough.

Get my truck detailed for sure. Everything works on it so can't see buying a new one just for the sake of spending.

It's kind of hard to get my head wrapped around spending that much so I'm not sure what I'd do.

Oh, and new socks and underwear.
Why the heck would you be on a cruise ship You could rent a big yacht and do it on your own....


BTW, I think they do have some big rooms to rent... so it is not like you are down below in the inside....
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Old 01-11-2016, 11:46 PM   #65
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Amen. I know EastWestGal mentioned lawsuits. Well, $500 mil will cover them. This is so much, lawsuits can be bought off no problem.

I'm worried about my life. About my kid's life. About my niece's life. Etc.

I'm not buying a ticket. I don't need this complication. I have a good life without that kind of target.
From what I understand, Warren Buffet does not have a bodyguard.... if he does not need one then why would you?
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Old 01-12-2016, 01:12 AM   #66
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From what I understand, Warren Buffet does not have a bodyguard.... if he does not need one then why would you?
Unless he fired them, the security company that watches over Buffett is Clark International. I googled that cause I couldn't imagine Buffett wouldn't have some kind of security.
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Old 01-12-2016, 02:36 AM   #67
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Would set up a basic income foundation.

Awardees get a monthly stipend for life, no questions asked.

Would structure it so that there is moral pressure for awardees to help the foundation grow if they get rich themselves, hoping to grow the room for more awardees slowly but steadily.
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Old 01-12-2016, 08:18 AM   #68
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I would never play a lottery that permitted winners to remain anonymous. Too much corruption and shady behaviour in the lottery world. Credible lotteries publish winners' names to prove that a) real people are winning the money, and b) they're not employees of the lottery corporation.


I also think it's a bit of a scam that they dole out the winnings over 3 decades, or substantially reduce it if you actually want your winnings now. And finally, it's shameful that the government takes a quarter of the money in taxes, when they've already gotten a huge piece of the pie in taking their "cut" of the pot, before the numbers are even drawn.


In those respects, I actually like the lotteries here in Ontario. If the jackpot is $20 million, you win $20 million, not a $12 million "lump sum." You bring your ticket to the head office and they cut you a cheque for $20 million, in full. And lottery winnings are completely untaxed in Canada. So you get the full $20 million, and you keep every penny. They also publish the names and photos of winners, so it's credible.


All that said, if I had a convenient way to buy a Powerball ticket, I probably would. But it's a 45 minute drive to the border from where I am currently, and I don't really care that much.
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Old 01-12-2016, 10:23 AM   #69
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I think I might get a boat if I win this one.


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Get a lawyer first!

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Old 01-12-2016, 10:44 AM   #70
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Get a lawyer first!

Mike
What does a lawyer know about boats? ;-)
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Old 01-12-2016, 11:32 AM   #71
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Anyone who thinks Bill does not have bodyguards evidently has not taken their little 17 foot sailboat too close to the shore of his Medina home on Lake Washington.
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Old 01-12-2016, 12:41 PM   #72
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I think the odds are 292,000,000/1.

If I keep my $2 that's 1/1.

I like my odds better.
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Old 01-12-2016, 03:29 PM   #73
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Lawyer first, beach house in gated community, security team second, boat third. I saw a place like this in Kennebunkport! I wonder if it's for sale?ImageUploadedByEarly Retirement Forum1452634160.344220.jpg


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Old 01-12-2016, 08:06 PM   #74
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From what I understand, Warren Buffet does not have a bodyguard.... if he does not need one then why would you?

But you have to live in Omaha...
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Powerball at $1.3 Billion...dreaming gets bigger
Old 01-12-2016, 08:47 PM   #75
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Powerball at $1.3 Billion...dreaming gets bigger

Hugh Hefner is selling the Playboy Mansion for 200 million. The only problem is that it's really an open market reverse mortgage of sorts because it stipulates that he stays in the house until death!


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Old 01-12-2016, 08:50 PM   #76
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Hugh Hefner is selling the Playboy Mansion for 200 million. The only problem is that it's really an open market reverse mortgage of sorts because it stipulates that he stays in the house until death!


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And is only worth about 30 million, and that's only after a couple of million in renovations and disinfectant.


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Old 01-12-2016, 08:56 PM   #77
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From what I understand, Warren Buffet does not have a bodyguard.... if he does not need one then why would you?
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But you have to live in Omaha...
Warren Buffett’s Head Of Security Makes Roughly Three Times More Than His Boss | Dealbreaker
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Old 01-12-2016, 10:11 PM   #78
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Well I guess that was a false report....
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Old 01-13-2016, 01:05 PM   #79
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Old 01-13-2016, 01:24 PM   #80
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So, which is better;
The lump sum or the annual draws? Annual would be about $50M a year for 30 years I think. Lump sum about $500M after all taxes.
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