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Here's Mark Cuban's advice for whoever wins the $1.4 billion Powerball lottery
Business Insider ^
| 01-12-2016
| Libby Kane
Posted on 01/12/2016 10:22:56 AM PST by Red Badger
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To: Kommodor
To: PSUGOP
To: Red Badger; Jim Robinson
....anybody else with me?I am. I'd try to set up some kind of endowment or trust fund where FR could live off the income. With Jim's advice and approval of course.
43
posted on
01/12/2016 2:25:25 PM PST
by
upchuck
(Killary is the poster girl for everything wrong with our government. h/t Mister Da)
To: upchuck; Jim Robinson
Ive thought about that. As a broker, I could set up an investment account for any LLC or Trust. If FreeRepublic needed 50k every quarter, we could ladder/structure a muni bond portfolio that would generate that kind of income.
$4,000,000.00 in 5% coupon tax free munis out long on the yield curve would give us 50k a quarter. Tax Free. If the 10 year would hit 3% it would be pretty easy. 10 year UST at 2.17% we have to go 25 years out with A rated or better paper.
44
posted on
01/12/2016 3:19:06 PM PST
by
DCBryan1
(No realli, moose bytes can be quite nasti!)
To: Red Badger
Mark, if I win, could I buy the Carolina Hurricanes and move it back home?
45
posted on
01/12/2016 3:43:49 PM PST
by
ExCTCitizen
(I'm ExCTCitizen and I approve this reply. If it does offend Libs, I'm NOT sorry...)
To: PGR88
Me too, really now my least favorite NHL team...
46
posted on
01/12/2016 3:44:51 PM PST
by
ExCTCitizen
(I'm ExCTCitizen and I approve this reply. If it does offend Libs, I'm NOT sorry...)
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