Posted on 04/11/2019 8:11:49 PM PDT by EdnaMode
Edited on 04/12/2019 8:33:53 AM PDT by Sidebar Moderator. [history]
never trust a financial advisor who’s broke.
Give a monkey enough darts and they’ll beat the market. So says a draft article by Research Affiliates highlighting the simulated results of 100 monkeys throwing darts at the stock pages in a newspaper. The average monkey outperformed the index by an average of 1.7 percent per year since 1964. That’s a lot of bananas!
I’ll win the lottery and no way would I allow the earnings to be frittered away, jacked around in moronic fashion nor destroy my life. Lesson being if you can’t handle smaller sums of money multiply that issue when more zero’s are involved.
Winning the Powerball solves all your current problems. Now you have a whole bunch of new problems.
Financial Investing is all bullsh*t artists.
Everybody is a know it all about money.
Truth is people are know nothings.
Zero out every family members expenses, fund every grandkids college and with the remaining money, buy a yacht, hire a crew and sail around the world, visiting ports and relaxing. Then donate the yacht to Ronald McDonald House and let them take kids and their families on cruises around the world.
Yup. If you can do it in your state, set up a LLC named something harmless like "The Save The Forest Group, LLC". Get a lawyer to turn in the ticket for you anonymously. Set yourself up an annuity - not too much, maybe a quarter million each for yourself and your siblings. Give the rest away to charities and be done with it.
Don't go buying a lot of crap. Maybe a midsize house in a good school district if you have kids. You don't need a lot for a good life. Even a Porsche makes you a target in some parts of the country. An F-150 towing a bass boat hardly elicits a turn of the head, except at morning rush hour on a Monday morning when you're headed to work and you see one going the opposite direction towards the lake and you wish it was you.
And as for kids, set up college funds for them, but never let them know. Let them struggle either to get through via scholarships and loans and work, or make it through trade schools. Only after they have succeeded and landed a job, get them off the hook. If you've raised them right, there will be enough left over for them to make a downpayment on their own homes.
With all the money he made singing San Francisco [flowers in your hair] you would think he wouldn’t need anymore!
The article fails to mention that they were originally from East Miliknoket Maine, a dying pulp mill town in the woods of Maine. East Miliknoket is right next to Miliknoket, both of which have high schools serving a dwindling number of kids. The East Miliknoket HS was in serious disrepear and the school reps were n heated consolidation discussions. After she won, she gave East Miliknoket the money to rebuild the school taking consolidation off the table. East Miliknoket Schenek HS has 115 students total. Miliknoket Stearns HS has 267 with capacity for 400 plus.
10 years ago Schenek had 186 students and Stearns had 224 students. I am surprised to see Stearns is larger now.
Before her gift was made there was a consolidation committee looking at the issue. There was a 17 year old student from Schenck on the committee and he supported merger saying the kids really don’t care about having two schools. They just want a good education. He was berated by the other committee members for suggesting this. So much for having the youth involved in decision making.
Suffice to say her check killed the conversation.
The schools are just nine miles apart from each other.
I’ve always said if I won a ton of money.....I’d buy everyone a house. Just a modest house in the $250-300k range. That way they always have somewhere to live but they still have to work to keep the utilities on, drive a car, eat, etc.
My needs are few and my wants are only booze and women.
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