Skip to comments.How To Invest Your $1.6 Billion Mega Millions Winnings
Posted on 10/22/2018 10:32:35 AM PDT by LibWhacker
One in 300 million. The odds arent great, but your chances of winning the massive Mega Millions lottery are as good as the next person. The current jackpot is estimated to be more than $1.6 billion. That is 1,600 million for those who are used to seeing smaller prizes. According to the USA Mega lottery website, the lucky winner will take home approximately $687 million after taxes if he or she opts for the cash option -- life-changing wealth by any standard. It's fun just dreaming how would you spend or invest the money if you won. The opportunities would be endless. Well, almost.
You still couldnt buy an NFL team or an NBA franchise. Those are reserved for the multi-billionaires, not somebody who has a mere $687 million. Nonetheless, you could still afford most of lifes extravagances. Once you have shared the wealth with family members and your favorite charities, you would eventually have to get down to the business of investing your windfall. Dont worry; there would be plenty advisors knocking at your door with all sorts of ideas. Help is only a 1% fee away, after all. But if you are more of DIY investor (which most likely would change with $687 million to your name), here are a few suggestions to get you started.
(Excerpt) Read more at forbes.com ...
It may be better to switch over to Powerball this week for a better chance at a larger win.
Invest balance at a 3% annual return.
That will be over $20 Million/year gross and $12 Million/year after tax.
If you don't recognize that your family's safety and security is more important than all that money, expect to destroy a few lives.
WAIT to claim and maximize your secrecy/security.
You can DOUBLE your odds, if you buy TWO tickets !
“Chicks dig dudes with money.”
“Not all chicks.”
“The kind of chicks that would double up on a dude like me do...”
My wife and I were joking that if we won both the Mega Millions and the Powerball that there would be a National investigation. Then like clockwork an article appeared on the web stating that your chance of winning both are one in 88 quadrillion.
What did the old bull say to the young bull?
I’m fond of the old bull’s thoughts.
The wife and talked about it for fun. We would buy an island in the Caribbean with some of the money.
Venezuelan bonds, baby. It could be the next Zimbabwe.
Invest it in houses and lots.
Houses of ill repute and lots of whisky.
For $600,000,000 you can buy all of the ticket combinations and deduct the cost.
Give it to the Human Fund
You dont win the whole thing, the state takes about half right off the bat, plus youre taxed on your portion. Even at that, its still a lot of money.
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