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-   -   Pa lottery (http://www.njfboa.org/forums/showthread.php?t=30383)

Icemansghost 11-25-2007 05:42 AM

Pa lottery
 
Hey Its up to 155 million?
I was curious as to whom can play? maybe we can all go into a pact, and if someone hits splits....Rules have a reciept for playing and a ticket.....Just a thought.:wink::drool::shock:

Frosty 11-25-2007 10:53 AM

Screw everyone, I want the $$ all to myself lol

NJSPEEDER 11-25-2007 12:59 PM

:stupid:

yeah, i wanna have as much fun as 155mill can possibly pay for.

Savage_Messiah 11-25-2007 02:14 PM

[debates which is closer, PA or CT...]

GP99GT 11-25-2007 02:30 PM

man, i dont know what the hell i'd do with 155 million dollars...that would be crazy

ar0ck 11-25-2007 02:40 PM

Quote:

Originally Posted by GP99GT (Post 398127)
man, i dont know what the hell i'd do with 155 million dollars...that would be crazy

You'd probably drink yourself to death since you would be so bored. Generations could live off the interest!

I would just do whatever to secure the money for a life time & spend a few Mil.

Savage_Messiah 11-25-2007 03:14 PM

I'd probably go with the lump sum oer the annuitized payments, pay off all student laons, credit cards, and then get my series 6 and invest the rest. then invest my insane commission from that. Then invest the pretty good commission off that. And life would be good.

NJSPEEDER 11-25-2007 05:04 PM

Quote:

Originally Posted by GP99GT (Post 398127)
man, i dont know what the hell i'd do with 155 million dollars...that would be crazy

thats the nice thing about having that much money. you can afford to try a lot of stuff until you find something interesting.

SteveR 11-25-2007 08:34 PM

I dont know what I'd do with 155 dollars, who the **** am I kidding :lol:

Savage_Messiah 11-26-2007 11:31 PM

oh and id love having a couple mil spare change to play round in hedge funds with

Untamed 11-27-2007 10:39 AM

Wow Kasey, sounds like you're one of the few who are getting something out of your education. PA lottery or not, find your niche in the investment world to make money. :nod:

Be careful with those hedge funds though - the Private Equity world has way too much money, and not enough good investment prospects.

firehawk1120 11-27-2007 10:56 AM

After taxes you are looking at about 80 mil. Not that that is a bad thing.

First thing I do is pay off the home, and buy a 2nd home in another state just for the hell of it. Bounce back and forth in summer / winter if I wanted to.

Buy a rental property or 4 so I have equity and rental income.

put about $5million into a savings account earning 3% and live off the 150,000 interest it will earn. The rest I'd find things to do with it. Help out family and friends, vacations to places I've always wanted to go.

As weird as it sounds I'd still like to have a job because I'd get bored sitting around after a while. I like what I do so I'd continue selling homes there would be less stress and it would still be fun.

Anti_Rice_Guy 11-27-2007 11:02 AM

That would be awesome. I'd invest a good portion of it in the bank and hedge funds, but buy a house, buy a shorehouse, a nice SOM trans am, performance boat, give some to family/club (<--- I win).

njfastestcamaro 11-27-2007 11:04 AM

when the drawing

ryanfx 11-27-2007 11:04 AM

Quote:

Originally Posted by firehawk1120 (Post 398791)
After taxes you are looking at about 80 mil. Not that that is a bad thing.

First thing I do is pay off the home, and buy a 2nd home in another state just for the hell of it. Bounce back and forth in summer / winter if I wanted to.

Buy a rental property or 4 so I have equity and rental income.

put about $5million into a savings account earning 3% and live off the 150,000 interest it will earn. The rest I'd find things to do with it. Help out family and friends, vacations to places I've always wanted to go.

As weird as it sounds I'd still like to have a job because I'd get bored sitting around after a while. I like what I do so I'd continue selling homes there would be less stress and it would still be fun.

thats gonna be a lot less if you chose the lump sum.

But still... say even 50 mil in pocket after everything said and done.... Maybe buy a house with a three car garage.. or two houses with three car garages.. an exotic of every type in each bay.. I could get used to it =D

Icemansghost 11-27-2007 11:08 AM

Travel the world on foot would be my first thing with an entorage of course8-)


I would then come back and buy a house in mrytle beach,and a z06!

Savage_Messiah 11-27-2007 01:44 PM

Quote:

Originally Posted by Untamed (Post 398787)
Wow Kasey, sounds like you're one of the few who are getting something out of your education. PA lottery or not, find your niche in the investment world to make money. :nod:

Be careful with those hedge funds though - the Private Equity world has way too much money, and not enough good investment prospects.

Thanks man... already there (investments), just working on my license. I learned none of this in school, but I'm working with a company that teaches people how to become debt-free and financially independent, I'm learning so much more there than i ever did in my school career

Quote:

Originally Posted by Anti_Rice_Guy (Post 398792)
That would be awesome. I'd invest a good portion of it in the bank and hedge funds, but buy a house, buy a shorehouse, a nice SOM trans am, performance boat, give some to family/club (<--- I win).

whoah careful... hedge funds, I'd only suggest to somebody whos already got retirement set, has a very healthy emergency fund, a good income, and a large amount of discretionary money to play around with :lol: They're a dangerous thing

Icemansghost 11-27-2007 05:55 PM

well I got 8 bucks in....:nod:


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