Jul 22, 2019 1:02 AM
crazy3
1015
16
4
kittypoopappledrink
The idol is lotto winnings, the bag of sand is bankruptcy.
r8009
Thatd be about 4166 a month for 20 years. Not bad or anything, but you’d still probably need some sorta decent job. With 200k (1/2)
You could make a smart investment. Either way though, you could easily lend me 3.50, so its up to you. (2/2)
krugle
If you invest right the lump could be worth more in the end.
ericbres1337
Historically people don’t invest right ... everyone says they will. They try. But alas ... here we are
tiredviking
Most lottery winners don't invest well and is broke within a few years...
Yeah... as bad as it is most people who have never had money can't handle it when they suddenly get a bunch.
tyrendeth
Most people who play the lottery are poor to begin with. Poverty is a behavior, it doesn't change just because you win a lot at once.
StrangerNum1
And or worse off then before the winnings
ungolas
lump sum is almost always financially the better move.
Sauce
Look at actual numbers from the mega or other big lotteries. returns you could get off investing lump sum only needs to be 5-6% 1/2
to beat out the annuity payments- and you still have a huge amount in bank when the annuity would have ended.
my numbers i looked at http://money.com/money/5433170/mega-millions-jackpot-lump-sum-or-annuity/
kittypoopappledrink
The idol is lotto winnings, the bag of sand is bankruptcy.
r8009
Thatd be about 4166 a month for 20 years. Not bad or anything, but you’d still probably need some sorta decent job. With 200k (1/2)
r8009
You could make a smart investment. Either way though, you could easily lend me 3.50, so its up to you. (2/2)
krugle
If you invest right the lump could be worth more in the end.
ericbres1337
Historically people don’t invest right ... everyone says they will. They try. But alas ... here we are
tiredviking
Most lottery winners don't invest well and is broke within a few years...
krugle
Yeah... as bad as it is most people who have never had money can't handle it when they suddenly get a bunch.
tyrendeth
Most people who play the lottery are poor to begin with. Poverty is a behavior, it doesn't change just because you win a lot at once.
StrangerNum1
And or worse off then before the winnings
ungolas
lump sum is almost always financially the better move.
crazy3
Sauce
ungolas
Look at actual numbers from the mega or other big lotteries. returns you could get off investing lump sum only needs to be 5-6% 1/2
ungolas
to beat out the annuity payments- and you still have a huge amount in bank when the annuity would have ended.
ungolas
my numbers i looked at http://money.com/money/5433170/mega-millions-jackpot-lump-sum-or-annuity/