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eric76
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26 Nov 2013, 2:53 am

LastSanityJermaine wrote:
eric76 wrote:
Quote:
invest in my own business and others


Most people don't have enough financial and business savvy to analyze a prospective investment in either a new or existing business and how to structure such an investment. Most would likely lose their investments pretty quickly.

Also, handling your own investments would leave you wide open to friends and family putting pressure on you to loan them money an all kinds of schemes.

I have some pretty good analyst skills when it comes to the video game market, depending on much money I get for the lottery if big enough I'm sure I can get an investment on a company like say, Rockstar games, but I'd rather go after a smaller growing company.


If it is a well established video game company that is on a major stock exchange, then you might be okay. But for any kind of investment in a new or very young company, if you do not know a great deal about business and startup companies and investing in startup companies, your chances of success would be unlikely to be very high.

Your best possibility would be to invest with some venture capitalist firm. If you had enough money to invest, you could even go in with them on some projects with them doing the due diligence to analyze the investment and being the lead investor.

If you try to be the "lead investor" without the necessary experience, you are likely to lose much of what you invest no matter how well you understand the market.



thewrll
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26 Nov 2013, 5:55 am

I would get it out in payments. Why waste all that money? Also I would give out the money sparingly to people. Also most of the money would be spent on acquiring WRLL. I don't need much more than that except clothes, food, and drink. Most expensive at one time would be big TV's and lots of computers. Also lots to charities. I don't understand how people can let the lottery ruin their lives.


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MrStewart
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26 Nov 2013, 1:44 pm

Lotto monies won by me would go to purchasing of house in small community, quitting my job, and probably isolating myself even more than I already do.

I don't donate money to charities.



Bodyles
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26 Nov 2013, 3:21 pm

I don't buy lottery tickets.

However, were I to suddenly come into a large amount of money, I'd probably just buy a house, pay my mom's mortgage and set up a retirement trust for her, and then hire a good financial guy and have the rest invested and live off the dividends.

Once I've got enough to live and do whatever I want, I can't see needing much more.
These days, I'm often left scrambling to find a few dollars for food for the day, so it's difficult to imagine having enough so that I wouldn't ever have to worry about that again.



wozeree
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26 Nov 2013, 3:46 pm

This talk about greedy relatives reminds me of a story I read once. It was about an African guy who was dirt poor and they have something there called a football lottery that he won. A whole bunch of relatives showed up then, the worst one being this big mouthed pushy large woman who kept telling him what to do and acting like they were in love and were going to get married all of a sudden. He really couldn't stand her, but then later he found out he had read his ticket wrong and not won, but the woman hung around and they were in love and got married. It was really cute. Being Aspies, that kind of thing may not be in our stars though, even if we were to accidentally think we won the lottery! :lol:



CornerPuzzlePieces
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26 Nov 2013, 4:17 pm

wozeree wrote:
This talk about greedy relatives reminds me of a story I read once. It was about an African guy who was dirt poor and they have something there called a football lottery that he won. A whole bunch of relatives showed up then, the worst one being this big mouthed pushy large woman who kept telling him what to do and acting like they were in love and were going to get married all of a sudden. He really couldn't stand her, but then later he found out he had read his ticket wrong and not won, but the woman hung around and they were in love and got married. It was really cute. Being Aspies, that kind of thing may not be in our stars though, even if we were to accidentally think we won the lottery! :lol:


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eric76
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26 Nov 2013, 4:48 pm

One thing about country versus city that I think most people miss is that you are far more anonymous in the city than in the country.

In the country, everybody pretty much knows everyone else and much sooner than you would think.

It reminds me of what a former Church of Christ pastor told me about moving into another small town years ago. He wanted to buy a house but wouldn't sure he could qualify so he went to the bank.

He told the banker he wanted to buy a house and the banker immediately replied, "That's good. We would be happy to loan you the money."

The pastor was kind of surprised and asked, "Don't you want to check me out first?"

The banker responded, "Within 24 hours after you moved here, I knew everything I need to know about you."



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26 Nov 2013, 4:53 pm

^ Goes to illustrate perfectly why I wouldn't live in anything less than a city no matter what.


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vickygleitz
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26 Nov 2013, 5:08 pm

I actually knew a woman with Aspergers who won the lottery...twice. Her daughter, who obviously had Aspergers as well, was good friends with my daughter. I had never even heard of aspergers at that point in my life. I just remember after meeting Tracy Adams and her mother [can't remember her first name] I remember thinking, OMG, theyre so weird, just like me. Luckily we're all good looking or we'd REALLY have problems.

Tracys' mother lived with her boyfriend and worked at his WAWA [possibly 7-11, but pretty sure WAWA] They lived in Point Pleasant NJ, which was, probably still is, a retirement area for both the Irish and Italian mafia. [many Italian and Irish marriages arranged for business purposes] The boyfriend was known for being a computer genius.

The first time, Tracys' mom won a million dollars. A year or so later, when she won again [substantially more this time] there was a big investigation to figure out if her boyfriend [now husband] had found a way to rig the machines. It was decided that there was no way he could have done so.

About 5 years ago, my daughter and I were talking and the families name came up. Jennifer told me that Tracys mom had blown ALL of the money years before, and was now living in an old tin can trailer in an asphalt trailer park. I googled Adams, new Jersey, lottery, something like that, and several dozen stories came up about it. She said that she had trusted too many people and spent too much time in Atlantic City.



JitakuKeibiinB
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26 Nov 2013, 6:35 pm

I'd cut off my family and move to Seattle. Most things would probably stay the same. I guess I'd buy more books, computers, and other interest-related things. I wouldn't give it to anyone, friend or not, so that would not be an issue. I might blow it all on drugs though. :shrug:

eric76 wrote:
One thing about country versus city that I think most people miss is that you are far more anonymous in the city than in the country.

In the country, everybody pretty much knows everyone else and much sooner than you would think.

It's awful. And creepy.



eric76
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26 Nov 2013, 6:53 pm

JitakuKeibiinB wrote:
I'd cut off my family and move to Seattle. Most things would probably stay the same. I guess I'd buy more books, computers, and other interest-related things. I wouldn't give it to anyone, friend or not, so that would not be an issue. I might blow it all on drugs though. :shrug:

eric76 wrote:
One thing about country versus city that I think most people miss is that you are far more anonymous in the city than in the country.

In the country, everybody pretty much knows everyone else and much sooner than you would think.

It's awful. And creepy.


I forgot to mention -- it seems like they also remember it longer.

Screw up in front of your neighbors in a big city and they will likely forget it before long. That is especially true if there is a lot of turnover.

Screw up around here and people will still remember it 40 or 50 years later.



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20 Dec 2019, 7:17 am

South Dakota has a kind of trust called a perpetual trust and it can provide for the person who created and funded the trust in addition to others.

If I won the lottery and it was an appreciable amount, say $50,000,000 or more, I'd look at putting about half of the gross in a perpetual trust such that:
1) For each member of the family including brothers and sisters as well as nieces and nephews, and their kids in perpeturity (or as long as the trust lasts) as well as anyone else I designated (very closest friends)
A) For each between the ages of 21 and 65, it would pay them $2,000 per month to supplement their income. I would not want to give them so much that they didn't need to work.
B) For any family member in the military, reserves, or national guard, it would pay $3,000 per month with no age limits.
C) Once they reach 65, it would increase this to $5,000 per month for the rest of their life to make retirement more comfortable.
D) For A), B), and C), if they had to be sent to a nursing home, it would pay for the nursing home and the monthly stipend would remain for as long as their spouse survived. It would pay for spouses nursing home care as well.
E) For any member and their spouse who go to assisted living, the trust would pay for the assisted living and the stipend would be reduced to $1,000 per month.
F) All monthly stipends would be reduced to $40 for any family member sentenced to prison with that amount going to their prison canteen funds until their release.
G) If on parole or probation, the monthly stipend would be reduced to $1,000 until the parole or probation has ended.
H) If any recipient files a lawsuit against any other family member over any matter related to the payout and loses the lawsuit, their monthly stipend would be reduced to $1.
2) The local church would receive $1,000 per month for as long as the trust lasts.
3) All payouts would be indexed for inflation and deflation, whichever may apply.
4) Upon my death, my estate would be liquidated and that money would go into the trust.

Done right, this should make life easier for several generations while encouraging them to continue working.



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20 Dec 2019, 8:21 pm

I'd pay off the mortgage my sister and I have so then we would own the house outright. Maybe travel to a few places and buy a new car with all the features I want to make me happy and comfortable when driving.


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20 Dec 2019, 9:28 pm

If I won the lottery (which would involve me actually playing the lottery in the first place), I would buy myself a small house with just enough room for me, my dog, and two cats I would adopt from a shelter. I don't want much more space than I need. I would put a tidy bit into savings to support me and my pets and have a bit of money to spare in case of emergencies. Then I would investigate local charities and donate the rest.


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21 Dec 2019, 4:04 pm

Once, I was given a lottery ticket for a present. I wasted several hours on idle speculation that would have had much more chance of being useful if put into revising my will, in case of lightning or traffic, etc.
I feel as if I have won, since I had so little faith in the Canada Pension Plan that I wouldn't put a dime on my credit card until I saw the first cheque from them. My first thought was that I could start another small business, but I didn't need the money or the hassle. I've been trying to give away good ideas for other businesses, mostly.
I've gone vegan, but mostly organic now, instead of half-organic vegetarian. I still put mostly labour into house maintenance, but have done a lot more, being able to afford new material from time to time. I've built up a savings account for the first time, and also support various causes.
With the constant financial stress gone, I'm much less depressed, even though my body is definitely on the decline.
I plan to invest in new heating and/or housing to start generating charcoal to be used as a soil amendment, locking the carbon away for centuries.
I have "won" lump sums six times from inheritance.
The first time, I started a business that ran for years.
The second time, I tried to expand that business, and, with a partner, completely lost track of how big our plans were, so it did little good.
The third time I signed it over to a charity I was involved in.
The fourth time, it covered incidental expenses during a time of upheaval without affecting it otherwise.
The fifth time, I had a vacation that restored my optimism, and made a bad loan that quashed it.
The sixth time, I paid off debt, and bought a cheap house in a depressed market, a cheap car, and some tools. Various factors, including the move, made me unable to pursue a business here. I still have not used all the space for the intended project, but I'm keeping fairly busy. That car is now fully camperized, in case of disaster or distant desires.



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23 Dec 2019, 7:58 pm

i'd set up a charitable non-profit foundation and be a professional do-gooder :mrgreen: [aka philanthropist]
with what was left over, i'd move to either pacific beach, ocean shores, long beach [washington state], the north clallam county coast on the straits [of Juan de Fuca], port angeles or sequim. i'd live on a cliff overlooking the water in a modest bungalow. i'd get me a restored '93 cadillac sedan de ville, pink on pink. i'd get a thoroughly restored '84 Conn model 653 theatre organ and accessory leslie speakers in stereo surround. above all, i'd have real comprehensive health insurance! i'd have some moles removed. lipo for the stubborn donut around the umbilicus. age spots lasered away. orthopedic issues dealt with.