I Just WON The WA Lotto...

Then I bought a coke....

that $1 sure did not last long....

What would you do if you won $100m.....

 

Just open a fixed deposit account at bank, and use the interest to travel around the world

 

Banks do not have very good interest rates...
But whatever it earns on $100m should be more
then enough to do something; however some people
can not handle wealth, and some winners have lost it....
and one gotten taken for a ride then murdered...

 

Pinch myself hard because most certainly, I would be dreaming ........ or more precisely, day-dreaming.

 

I will donate for children's trusts & cancer causes or maybe some charity!

 

hello world you want to more much money and around the world i think choose a exchange .

 

From which language have you machine-translated this using Google?

 

I invest some money in stock market and remaining money for charity.

 

Well, not sure about US interest rate for the fixed deposit but the fixed deposit of the bank in my country is from 3% to 4%, the normal saving is much lower which is about 1%。 Assume the interest rate is only 1%， mean the yearly interest is 1 million, it is more than enough for me to travel the world without working....lol

 

If you take the one-time lump sum payment (which is much lower than $100MM) and take out the taxes that will need to be paid, you will end up with about $40MM. I would invest this net amount in municipal tax-free bonds in the U.S. The interest rates vary, based upon the bond, but the income they produce is all tax-free. At 2% you would receive $900K per year or $75,000 per month and that is all tax-free, spendable cash that you will receive for the rest of your life if you leave the principal untouched. At some point, I might turn it into a trust to be able to pass it along to my kids with reduced tax consequences.

Once all of that is settled, a leisurely trip to various places around the world would seem to be in order.

 

You know, I had not considered buying serfs before, but the more I think about it, the better it sounds...

 

Good point. Investing is key. How many football players who once had $10 - $20 -$30 mil are now broke just because they thought they had too much dough and didn't care investing it into anything.

 

uhh I will buy DP! kidding.. (but yeah, why not?) invest in stocks, properties, build a business, franchise, buy cars, houses, donate to charity, travel.. there's a lot that we can do with $100M!

 

You can increase that number by not taking a lump sum....
I think of it as having to pay two taxes...if you take lump sum,
then you are taxed at least 50%, then on top of that, then
you pay us taxes which will be another 30%-40%....
So unless you are old, or cant wait 20 years for the payout
out to complete, then I see no reason that anyone really
needs to lump sum, of course, the drawback is that you will
not get the entire amount upfront, but over 20 years; and if
you invest most of your payments over 20 years, then you
will be more then fine. So if you won $300m then that will be
like $15m/yr for 20 years, invest $10m/yr into safe investments
that pay as much interest as you can get...So you have $5m/yr
left to play with, then draw interest on each $10m investment.
I think I could have a very comfortable life with $5m/year not
even toughing the principal or the interest, just let it grow....

They did not go broke because they did not invest.
They went broke because they were not good with their finances.
If you give me $5m right now, that will last me for the rest of my life....
now if I decided to go live in luxury homes, drive luxury cars, or spend
money in a reckless manner, then of course, the money will not last long.

after all, there have been lottery winners to win big, then end up
losing everything they had because it was not something they could handle.
One winner even stepped outside of his own home with a gun, and got
shot down by police, it is not always how much you have, but how
good you can manage it, investments or not, because if you can not
manage your wealth, then investments will do no good...

If you want to invest because you can, and have nothing else to do,
then you are free to do so, and after all your reckless spending, investing,
then you are most likely to go broke in a few years. Sure $100m is a
lot of money, but just because you have $100m does not mean you
will be able to run a business, it will most likely crash, then you talk
about investing in stocks; are you an experienced stock trader? If
not, then you will lose alot in the stock market. Want to donate to
charity? how noble, but that is more money going out, not coming in...
the best thing you have said is to buy a car/house, but when you lose
the rest of it on everything else, then you end up selling the car/house.

 

what is the purpose of this thread? you have lots of pessimism out there lol what would you do if you won $100M??

 

The main reason they get broke is they spend too much money and have no ideas how to manage their money. Although they did not involve in investment, they can have enough money (or saying more than enough) for living

 

it just so happens someone right down the road from me, maybe within
10 miles just won $90m the other day, what a way to quit your job
and think about what you are going to do with $90m all day long....

even if they do not invest, and just keep it in a low interest savings
account, then they should do just fine or place some of it into
a tax free shelter, and collect dividend payments on the principle.

If they are wise with the money, to be honest, there is no
reason to invest it at all, most people would not want that
much money sitting around just do nothing, the greed in
people tells me that will at least invest some of it in
low risk interest baring accounts....

 

I totally agree. When we are talking about "investment", it is involving a "risk". People think that invest the money without knowledge can get huge return is a joke No matter what type of investment, it require study and research to get return. Also, the investment which can give bigger return actually have higher risk