You hit the lotto.
Before taxes you have options:
$142,000,000 CASH
OR
$7,266,667/year for 30 YEARS
What do you choose, and what are the first things you will do with your newfound wealth?
definitely the 7,226,667 because even if you blow all your money, you'll still be getting paid. Also get a wealth manager and invest in stocks.
Ill have all the money at once, spread over some banks and live of the interest.
I will probably buy it cash and have a demolition crew come in and blow it the fuck up just so I can make a cringe thread
>>686314006
it depends, am I allowed to make any more than $7.3M a year or am I set to that exact amount?
i mean they're both good deals but living like Pablo doesn't sound so bad
you know what nah, give the stipend anyway
don't want rats eating my fucking cash away
>>686314295
This is the best option
>>686314006
Option 2 doesn't secure a monetary equivalent that combats inflation or other devaluation of the currency so effectively in 10 years time 7.26 mn $ will be worth just about fuck all.
142 mn $ right now so I can invest in properties and gold.
>>686314006
i'd kill myself and have the greatest funeral anyone has ever seen
The 142 million
Build an underground bunker to live in, buy land to pass down, try to open or start a business for future generations. Use the rest to just live and try not to spend much so that, again, future generations are set.
>>686314006
thats only 76 million more if you do it over 30 years and that will probably pay for taxes.
>reinvest in real estate preferably an apartment complex
>hq your company and overseas investments in multiple IRAS maxing out your contributions
>open TFSA by becoming a canadian citizen.
>hq your apartment complex company in the cayman islands and pay no taxes
>sail the world on a le fucking yacht, running on solar and live in monaco or switzerland
ayy lamo
>>686314877
Option 2 still lets you invest
>>686315193
>>686314295
/thread
>>686314295
Only correct answer
>>686314006
as if that 30% is enough to counteract inflation/the apocalypse.
Pay me up front, I'll HIRE people to portion my money out in arbitrary annual sums, and invest that shit besides.
And really, what's the difference between 140 million and 210 million? I don't even want a yacht.
>take cash up front
>rent a apartment and change my address to that incase some niggers try to rob me, they hit an empty apartment.
>pay my mom to be my money manager/adviser
>tell her to take care of immediate family and set up a trust incase something arrises for true needs/ emergencies.
>leave the country and to live somewhere else and travel the world and live on my own but not live like a king don't want to much attention drawn to me
yeah that's about it I guess, I will invest in real estate and get a property manager but that's after I have some fun first.
>>686315222
Option 2 didn't specify if it would be keeping up with an ever changing economy.
What if 7.26 mn $ is worthless paper in 15 years time?
Then I can invest in buying a loaf of bread once a year, not really my cup of coffee.
all at once. if you die the money goes back. that's how they get you.
>>686315676
Neither did option 1 you autis
>>686314006
142 million
buy private island and a fishing boat, goodbye world.
>>686315676
7.26 million is enough to start a small busniess with and open a couple reasonable accounts with but good point
>>686314006
Unless you're a dumbass, you take the yearly allotment.
Most of you niggers are poor and dumb as shit, so you don't know it, but if you take the millions in cash you will give about 2/3 of it in taxes, whereas it will be less tax if disbursed over more time.
>>686315887
Along comes dat boy hurrican
OP here
most of you are reasonable people, which i find surprising.
Personally, I'd buy a mansion, hookers and cocaine, fly around the world in my private jet having the time of my life, driving expensive cars, etc.
It all gets old eventually, so in like 5 years when I'm broke, I'll be ready to go back to work
>>686315839
Option 1 would give me a fat pile of cash worth 142 mn $ on the spot.
I can then invest this into non-volatile storage forms like property or gold, immediately.
You realize that money changes in value as time progresses, right?
>>686315908
I would still be cutting my own nuts off at nearly 20 times less the money I could otherwise have, and which I know is worth something substantial today.
Are all of you people in this thread really this irresponsible with money that you'd rather an annual check than some discipline?
>not even accounting for inflation / devaluation of currency
...wew...
>>686315997
dis
>>686314295
Wrong.
1. If you age going to give family money, do it right away and make it clear that is it. They will guilt and bleed you dry.
2. You are not an investor just because you have money. You can live the high life on that easily. Set in place money for children at the beginning, the rest is yours.
3. If you were miserable before the money, you will be miserable and rich after. Sort out your shit.
>>686316016
Along comes dat boy garage
I take the 7 milion and spend about 300k a month on whatever the fuck i want and that's a hard limit
>>686316100
actually option 1 will give you less than half of 142mn $ because taxes
>>686314006
142m money makes money and I can just set a limit for myself.
I'd take a small loan of a Million Dollars.
>>686314006
2nd option.
I invest 95% and begin earning interest, which by itself would keep my meager life-style afloat.
Then keep adding the new annual earnings into that amount, increasing my interest income.
I only need 700USD/month to live at my maximum comfort level, including all living expenses.
The only thing I'd think to spend the extra $ on, is to pay people to deliver my groceries, so I don't have to be around people.
>>686316314
A similar problem goes for option 2, not to mention inflation.
>>686316100
So it changes over time?
Take the 7 start up something. Boom you just reached 140 alone on the 7
Besides taxes take part and like anon said >>686315997 you'd be a dumbass to take the whole amount
Absolutely take the cash option.
I have minimal confidence in the government. Would not be surprised if they needed money later on to stop paying.
I'd dump most of it into super conservative and safe low interest accounts. Shit, even 1% annual on that is more than enough to live wealthy forever.
Probably just buy some large tracks of land in Alaska and become self sufficient.
I have no friends or family or girlfriend, so fine with me.
>>686316016
hurricanes are especially dangerous if there is debris around you, like in a city where business with glass panels that brake. Not my island, no boi, i got me prison style windows, no one escapes ya boi
>>686316506
>getting such a large pile of money that I would never ever have to work a day in my life
>voluntarily going working
lol
>>686314006
30 year payout. First I hire a lawyer and an accountant.
>>686315997
lmao word.
>>686316635
>not thinking your future kids kids
>weak minded people only think about themselfs
>>686314006
142 million cash after taxes is around 85 million.
7,266,000 per year for 30 years after taxes is about 131 million
I think you'd have to be pretty foolish and shortsighted to take the lump sum. Seriously, just the one year's take is probably more than most of you will make your entire lives.
Option 1 is the only correct answer. A lump sum of 142 million will have a greater net present value than an annuity of 7.2 million even at a small interest rate of investment
>>686315839
I don't think you understand what inflation is
>>686314295
did you even do the math on how much more money you get if you let that 142m cash sit on the bank for 30 years?
no, because you're a nigger
>>686316100
ok how much has 100 million devalued since 1986 30 years ago. by about half right? 7.6 over 30 years is 228 million roughly, if it devalues at 2.26% from 2016 to 2046 how much am I going to lose?
>>686316897
>not thinking your future kids kids
I am thinking about them. With the massive sum of money I can buy / build so many homes for them that it's not a question anymore.
>>686316921
>what is inflation
>>686314006
Why is option two such a specific amount? Something you want to tell us OP?
>>686317083
>not just starting up something for them to own later down the road
>>686316921
I think you'd have to be pretty foolish to completely disregard the potential for return on investment and think only of total money received irrelevant of time
>>686316921
Depends on how well you can invest the lump sum for 30 years. Most people are still better taking the yearly payments though, or they will splurge and go bankrupt faster than kanye.
>>686314877
This is the best response, unless you're the type to buy magic beans.
>>686317122
It's clearly a division by 3 dumbass...
>>686316930
>greater net present value
Dude, the 30 year payment gives out about 50% more money even before taxes. How can you argue that the lump sum is better?
>>686316095
I am not doing cocaine anymore when i have that amount of money, hell i would even stop daily drinking. Why should i risk dying from a OD when i can be happy easily without drugs. I do drugs and shit because i am not happy. If i want a thrill i will just fuck 20 girls. Get myself a apartment with a view to kill for. Never understood people tend to drugs when they have a goodlife.
>>686317075
this thread is getting exciting
>>686317122
not really
>>686317417
>there is basicaly a 0% chance that inflation will have that much of an impact over 30 years
You're kidding right?
>>686317276
>>686317278
>return on investment.
You're talking about gambling, dude. I'm sorry, but you are not guaranteed a goddamn thing on an investment.
>>686317584
damn man. i'm happy for you.
>>686317606
Inflation has been pretty low, and inflation would have to go up by like 150% total in the next 30 years to even match the amount. There would have to be some kind of economic collapse for that to happen.
GAME CHANGER
the $7,266,667 was an average payment.
Actual 30 year payout will gradually increase each year, starting with $3.2 million year one, to $13.5 million on year 30.
>>686317075
Account for taxes.
Then riddle me what would happen with my post-tax 142 mn $ shoved into gold and properties which I can liquidate as I wish.
I bet I will be on the winning end, as OP still has not delivered a stipulation on what happens if the US dollar stops being used for whatever reason.
>>686317209
When I'm so disgustingly rich they can figure out if they want to own a company.
>>686317944
>jews in the banks
You're actually expecting inflation not to change at all?
The American economy is totally fucked, and with that the US dollar.
>>686314006
Well, let's work it out.
OPTION 1:
$142,000,000 paid instantly.
If invested conservatively with a x% investment rate
You earn 142,000,000*(1+(x/100))^30
OPTION 2:
$218,000,000 paid over 30 years
It's an improvement of $76,000,000.
The second option gives you a guaranteed return of 9.53% from the original value.
The only risk is that the US dollar could hyper-inflate or devalue dramatically, leaving you broke regardless of the payments.
I guess your decision rests on your faith in the US economy...
Personally, I'd choose option 1.
>>686317476
Because I actually understand the financial principle of the time-value of money. Present net value is calculated by discounting future earnings by the investment interest rate, not just by looking at total earnings. With the lump sum, there is zero discounting, but with the 30-year plan you have to discount each future year by ever increasing margins.
>>686318134
SOURCE:
https://www.usamega.com/mega-millions-jackpot-annuity.asp?state=MD&d=
>>686314006
ill take the cash
you can make up the difference and then some if youre smart about it
>>686317426
wut
>>686315887
hell no, if I can think of anything that can make a multi-millionaire go broke it's anything to do with the ocean or boating. Just say no, anon. The sea is a huge, briny bucket of tears and broken dreams.
>>686316166
This is smart. After taking the lump sum I'd partition it into many strict, redundant amounts. Cash for family members would be immediately doled out and any further questions after my money would be countered with questions about the asker's funds, and where they went.
I don't know how much of it should be invested, because I have no experience investing on a tycoon level, but let's say two thirds of it get invested/swapped for gold or property or whatever my advisers (which I'd hire ASAP) tell me is most prudent.
So after putting most of my money away for the sake of having money in the future, say I have 40 million left. I'd give myself half of that for living expenses for my entire life (I don't want a moon-mansion), then I'd take the 20 million leftover and give a million to each of my significant relatives. Only relatives, not super-best-friends, 'cause that's a slippery slope.
say I have five million left that's still unaccounted for. The numbers need adjusting, but if I did it right I would have no earthly use for this remaining five million besides potentially adding it to the nebulous cloud of cash that I previously "put away". This money I would use to hire one (or possibly a small team of) professional furry-removers, outfitted with anything they need to gas, harass, and otherwise brutalize the furry community.
>>686314006
$142,000,000 CASH now
simply because i won't make it another 30 years.
things do first: visit two of my former bosses, beat the shit out of them and throw they money they would get after sueing me right in their face (it's not that much in my country).
thing to do shortly after. buy a Flak tower from WWII and turn it into the coolest home ever. a few people did this (or place a "normal" house on top of said tower) and that shit is pure win.
>>686318145
>US dollar stops being used for whatever reason.
unless USA dissapears for good then you're money will be converted into whatever currency USA uses
>>686314995
That's a good idea actually
>>686318431
you're the type that goes back to washing the streets or serving fries at mcd after winning a huge prize. fuck off nigger
>>686315545
I could live in Asia for the rest of my life for 2 million. Anything left over would be invested.
>50 more years to live x 20k$ a year
>1million dollars
>1million dollars worth of hookers for the next 50 years
>stimulate that local economy with my dick, sounds good to me
only safe investments are real estate, I would probably invest in apartment complexes
>then any family still have money rolling in when I'm dead and gone
Take cash
Pay taxes
Invest to ensure a sizable about is returned annually (guaranteed)
Maybe move but keep my modest living arrangements,
Probably start a small business (profit or not) but it has to be something I want to do.
Pretty fucking simple.
Its the fuckers that get stupid that loose it all.
>>686316589
pretty much doing this
>>686318232
> you have to discount each future year by ever increasing margins.
Nigger, I know how economics works. You sound like an economics major so you should know that economics is all about making shit up to make money now. That doesn't mean money later is actually bad. You're just applying an arbitrary formula to devalue future money based on some whimsical assumption that you will have been able to make more money with it by some arbitrary percentage if you had it now vs later.
You're talking about gambling, which is fine when you want to talk someone into investing in your shit, but I'm not an investor. I have my own shit to spend money on.
>>686317944
>inflation would have to go up by like 150%
Do you have any fucking clue how inflation works at all? Inflation is a year-by-year measure, dumbass. A salary from 1986 (30 years ago) of 100000 is equivalent to over 218,000 dollars now. Go learn some basic economic principles before trying to participate in a financial discussion
>>686316589
yup me 2 on this plan.
All I want in life is for people to stay the fuck away from me.
Small house and big land, although I would excavate a moat.
I'd take $141 million, put it in a nice pile, and publicly eviscerate it with a variety of explosives/combustibles. I'd then take 1 million and become an opiate addict, banging other opiate addict women, and sooner or later, succumbing to my addiction.
>>686317642
If you really think an investment in government bonds (something that have never once been defaulted on) is the same as gambling, you have a very poor understanding of finance
>>686318145
ok so roughly you would lose 100 million if inflation depreciates the currency on 228 million comparing $72 million loss over the lump sum compared to the $100 million dollar loss due to projected inflation. The lump sum looks like the better option roughly but you could also say that due to the looming dip the economy is about to take in June, inflation will decrease and go back to a sustainable rate. The inflation in the 80s could be due to a numerable ammount of things that dont play a factor in the economy anymore.
plus
>investing in gold
>>686315545
good way to blow your cash and piss off everybody you know while getting kidnapped for ransom in a third world shithole.
like most people, you don't understand the difference between money and wealth. Like they say in the movie money is what comes out of an ATM, 100Mil is not money
First interestin thread in months, I'm lurking.
>>686314006
second option. if you save up, youll have at least two times the amount you get immediately
take the cash
after that I reckon I'll have the better part of a year before I die from one vice or another
>>686319109
>government bonds (something that have never once been defaulted on)
Listen to you, dude. Governments have defaulted on a lot of shit over the years. Do you just think the US is somehow immune to the ebb and flow with its gargantuan debt?
>>686318957
I have a much more developed plan for my castle, built in classical style:
>find a plot of land, minimum of 3000 meters on each axis
>must be forest
>must have a hill with at least 10 meters of height difference from the center to the corners
>deforest a 1km diameter circle on top of the hill
>this wood is now fuel for many winters
>erect my massive villa on top of the hill, with clear view all over my property
>have posts prepared to deploy barbed wire in the forest perimeter around the house
Man, it'll be great.
>>686319173
The lump sum won't have time to inflate my friend.
Of those post-tax 142 mn $, less than 5% will be liquid come 12 months time.
I'm in Europe btw.
>>686314006
i'd take the lump sum, go down to columbia and start up the medellin cartel again. make dinero and snort a lot of blow lol
>ITT people assume they will live to be 80 years old when people die in their 30s all the time
>yes even rich people
i will take the large sum of money and enjoy life while im young and, more importantly, still alive. thank you very much op.
>>686315887
What about pirates ?
Because it does exists and they do not look like johnny depp...
>>686318779
>you're just an applying an arbitrary formula to devalue future money based on some whimsical assumption
Yes, how silly of me to apply an empirically proven method that is used by literally every financial institution to calculate investment potential. The interest rates used aren't pulled out of my ass, they're based on historical reference points and are always given with a reasonable margin of error
>you're talking about gambling
>I'm not an investor
Putting your money in a savings or 401k is investment, and everybody should do it? Do you just put all your money in your mattress?
>that doesn't mean money later is actually bad
Nor did I ever say such a thing. I was looking at the values of this specific case, using a VERY conservative interest rate, well within any reason of error. So no, I'm still right, and yes I have an economics degree, but that shouldn't even be relevant. These are high school concepts and I can guarantee you anybody with a financial background would disagree with your statement
>>686317406
YOU MEAN GOLD?
>>686319501
im comparing the two
if you take the 30 year $7.6 per year you would lose $100 million of the $228 if the dollar keeps inflating at the same rate
if you take the lump sum you would only lose about $76 million.
so im agreeing with taking the lump sum but why le fuck would you invest in gold
>>686314006
In both cases, you will become the prior target of mafia, they will kidnap your child kill your dog rape your wife and mother just to get paid.
>>686314006
all the cash now
>might not live 30 more years
besides what if the first thing you want to buy is $8 million? you're fucked for a year.
>>686319882
for that money you could pay pirates to patrol around your property, keeping people out
>>686314726
Dem profit
>>686316100
>non-volatile storage forms like property or gold
>non-volatile
>gold
This nigger is retarded.
>>686320157
Yes and you can trust in these guys for sure
>>686319428
The US has never once defaulted on anything. Never said it was immune, or that it couldn't happen, but it has the best track record you can possibly have, aka perfect. So not sure what you're arguing, that there can't be ANY risk whatsoever? Life is a fucking risk, pal, get over it. Finance is all about assessing risk and taking appropriate action. If you can't handle any risk no matter what the return then you have no business discussing finance
>>686320269
Plus, gold, what a fag. Real men invest in bottlecaps
>>686319191
>piss off everyone I know.
probably your are right on this, but people will disown thier family for plenty of other reasons
>blow all my money
doubtful, that's why I set up my mother as the financial adviser, she manages all my dads accounts and did perfectly well when he has worked over seas for years now.
also id say investing in real estate would certainly not blow all my money, sure I will waste a fair share, but who thebfuck cares if you have all that money and no fun with it.
>kidnapped and executed
the idea is to NOT get kidnapped and executed, not live like a rich asshole in foreign places. So pretty easy to still do reasonable activities and not seem any more well off than any other white tourist in another country.
Cash option is the only option, id most likely end up dead within 6 weeks in a pile of coke and a room full of overpriced whores,....and as far as I know if you were taking the yearly payment that is not something your children can inherit only the original winner is able to collect so yeah theres that
>>686320282
just as much as any armed guard that you pay a salary. it's not like pirates enjoy risking their life, they would gladly accept reliable, safe income. and it's not like you keep your money on your island in gold bars so why attack you? especially when there's 30 more pirates around you that might stay loyal to their employer.
>>686320012
Gold is always worth something, even when our current paper money becomes useless.
>but gold prices are volatile as fuck
Gold is ubiquitous in that it can be exchanged with any major currency, at any time.
I wouldn't bunker too many gold bars at home though, much better to buy acres of land instead because then you can live off the land too should a societal collapse come. I'd plant an apple tree orchard and such things.
>>686320269
>cherrypicking
I know gold is dangerous, but I would not buy a lot of the stuff. My primary goal is property.
>>686314006
Also need to take into account taxes, second option will count as income. So making that much a year you will have to pay taxes out of it each year. right now its 39.6% for Fed states are different a simple estimate approximately 7%. Both taken out of the yearly earned.
>>686314006
Of course the second one. Who the fuck needs more then 7mil a year? And even if I screw up (however that may happen), I'd be guaranteed money the next year.
>>686320587
You forgot how we're all headed towards communism so it'll probably be 90% by the 30th year
>>686320742
very true.
Just take the lump sum and be happy. An go from there maybe you will be smart and find ways to spend and invest your money to make more money. If not its one hell of a bonus.
Of course the first option.
Invest 100mil in index funds, make approximately 5% a year (and that's a conservative guess), and you'll end up with 430mil after 30 years.
So even after taxes, you'll be better off with the first option, and I didn't even consider inflation that will eat up most of the 2nd option's value.
>>686320742
This is another one of my fears here in Europe.
I am certain that if rope day does not come, we will be dominated by judeo-bolshevist communism again (just worse to how we currently are dominated a few levels).
In communism no one will try stealing your patch of land in the countryside however provided its only value is agrarian.
The aim of establishing a police state in Europe is to have lots and lots of tax cattle, plugged in droids who live in shoebox sized apartments in the city. The governments here won't really bother forcefully making land in the country a community good.
Maybe I would go outside this nation.
>>686314006
Clearly first option. Last option equates with 1.4% annualized return, which is not hard to beat.
>>686314006
30 year payments.
I would pay of my mortgage.
>>686320555
>buying gold instead of short selling
nigga do you watch fox business
>>686321455
>In communism no one will try stealing your patch of land
Where the fuck do you live, Africa?
Take it cash and invest everything at a 5% return rate. Live on 1M/yr, reinvest everything else.
At year 30 you'd be sitting on a 500M net worth and earning 25M yearly.
>>686314295
Retarded answer. Compound returns on 142m from the get go is worth more than measly 218m distributed over 30 years
>>686314006
142000000 unless if adjusted for inflation, in which case 7266667
ALWAYS pay more to receive the lump sum. From there you can invest it, mostly in dividend paying stocks and receive about 9 million a year.
>>686322062
The form of communism that I predict to hit Europe will be focused largely on the biggest portion of the economy and where the most people are:
the cities and the services sector
my farming operation out in the land won't be important because it will be deemed "worthless". When the jews took over Russia 100 years ago the largest portion of the economy was agriculture with very little manufacturing as the Tsar got on that train much too late to make a difference.
First option only, because u don't know what can happen in 30years, war or other disaster and money is worth nothing.
>>686322616
The biggest portion of the economy focuses on what is desired. People need food, farmers will always be of value. And judging by the ever increasing rate of population growth, I'd say farmers will be making more and more in coming years, especially since we've relatively hit a wall when it comes to agricultural technology
>>686318443
>ww3
Where's my check!
>>686323632
GMOs can still drive us up a little bit.
Also the massive population growth hasn't hit Europe that hard at all, mainly Africa.
And we feed them with food aid, so I guess we should just cut that off.
I'll take the lump sum and invest it on hookers and blow. Shorter life, but at it'll be a happy one.
isn't the 30 year payout worse because of inflation?
if the standard rate of inflation is 2%, after 30 years that 7 million you get is worth 60% less than it is today.
>>686319501
>deforest a 1km diameter circle on top of the hill
Have fun with that there erosion buddy.
>>686324572
>implying I won't be compacting the dirty and building a cement fortress
You're also forgetting the fact that the building will have trees lining the road going up it, as well as the lobby area where cars will park.
I'm not dumb.
>>686314006
I would buy 4chan, kick all of you faggots off the board and turn it into a SJW safe space
>>686325146
142 milion invested in watermelon, set up shop in downtown deroit and watch the resurgence of life in the city.
>>686316413
The fuck you live where all expenses comes to $700? What's your rent?
Also, tig ol bitties
better idea, buy land in south detroit, slowly buying land northward until you've forced the niggers into canada...at that point, they're not our problem anymore..
