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When I win the lottery....

Re: When I win the lottery....

The Swiss Franc is presently at a negative interest rate; you would have to pay to hold those bonds.

That can probably go then. Really, if US T-bills ever go bust we're probably already cracking open each other's skulls and feasting on the goo inside.
 
Re: When I win the lottery....

I feel dumb now. I should have known that. Skip the FDIC thing then.

Just purchase T-bills/t-bonds and let them sit. You'll sit, earn the interest tax free, and have as close to 0% risk as is possible.
 
Re: When I win the lottery....

What I'd do after I invest and vanish:

Go somewhere they'll need Rockapella to find me. Lay low on the beach with a mai tai in my hand for a couple years. Don't buy anything too extravagant right away.

Once the world has forgotten about me, buy a customized van or an RV or something and cruise the country (or even the world) living out of it. Home is wherever I feel like making it that night. Feel like checking into the Bellagio for a couple weeks? Done. Want to go camping in the Keweenaw? On it. Coachella? Off I drive and it's happening. Ferry over to Europe and tool around there? No sweat.
 
Re: When I win the lottery....

Just purchase T-bills/t-bonds and let them sit. You'll sit, earn the interest tax free, and have as close to 0% risk as is possible.

As a friend of mine says, if T-bills fail you'll have bigger problems than your money.
 
Re: When I win the lottery....

At $300 million you're practically owning the bank.

Beyond all the lawyer/financial advisor and pay my debt and all that stuff:

1. Buy a house. Not a big one at all, just enough for my wife, daughter and I.
2. Set up a trust for my daughter.
3. A small gift to my parents and brothers.
4. A nice middle finger to my in-laws. (Long story)
5. A Subaru WRX STI. It's really the only car I'd love to have.
6. As a Magic: The Gathering nerd, a full set of Power 9.

Of course this is all theoretical as Alaska doesn't have a lottery and therefore can't do Powerball. :(
 
Re: When I win the lottery....

I honestly don't think I could spend 250 million, even if I live another 60 years.

I don't crave things that would be that expensive (millions).
 
Re: When I win the lottery....

If I had to last more than a week, I'd probably get fired for insubordination before I could quit. :D

The funny thing is, I would still make my employer pay out all the vacation they owe me. Just on principle alone!
 
Re: When I win the lottery....

The funny thing is, I would still make my employer pay out all the vacation they owe me. Just on principle alone!

Definitely. When I decide to leave I'm going to burn down every hour of PTO before I go. Employment is not friendship.
 
Re: When I win the lottery....

I'd really just like a little bit of money to knock down our summer home in Maine and build something really nice over it that would preferably be sustainable/off-the-grid as much as possible. The terrain of the plot makes that difficult but I am sure it is still doable and the location is pretty much off the charts. And a nice yacht to park in the harbor that it looks over. :D

After that maybe build a hockey rink to play in whenever the heck I want and invest the rest for the kids.

Then it will be time to do good in the world instead of wasting my time and energy commuting into the city every day. This commute is effing killing me.
 
Re: When I win the lottery....

Very few things I want, but a big hit would buy me time. Time to visit my daughters where they live, to spend time in the workshop, to read, to volunteer at local elementary schools, to binge watch whatever I felt like watching. And to select that part of my current work I want to keep doing--just to retain enough challenge and adversity in my live to keep the dessert from becoming the main course.
 
I'd really just like a little bit of money to knock down our summer home in Maine and build something really nice over it that would preferably be sustainable/off-the-grid as much as possible. The terrain of the plot makes that difficult but I am sure it is still doable and the location is pretty much off the charts. And a nice yacht to park in the harbor that it looks over. :D

After that maybe build a hockey rink to play in whenever the heck I want and invest the rest for the kids.

Then it will be time to do good in the world instead of wasting my time and energy commuting into the city every day. This commute is effing killing me.
Where in Maine is your place? Downeast?

An off grid place with views in the white mountains (Jackson) or here on MDI would be nice. I don't really care about a bigger house, ours is plenty for a familly of three. I wouldn't be like my 'neighbor' across the street. He's a hedge fund guy in his 30s (so around my age). His place is an ocean front compound (can't see the house from road). Not sure how many acres he has but it could be 50 or more. Multiple buildings, pool overlooking the ocean. Constant construction, and he probably spends a few weeks a year there. There is a guy further down the road building an entertainment complex several times the size of my house. Includes a bowling alley, guest housing, fitness center...
 
Re: When I win the lottery....

Very few things I want, but a big hit would buy me time. Time to visit my daughters where they live, to spend time in the workshop, to read, to volunteer at local elementary schools, to binge watch whatever I felt like watching. And to select that part of my current work I want to keep doing--just to retain enough challenge and adversity in my live to keep the dessert from becoming the main course.

Very well said, and agreed. There's not a lot of "stuff" that I want (besides a house with a nice kitchen - but that's so I can spend time in it :D), but I'd truly appreciate more time to do the things I enjoy (and mostly already do). Sometimes more of them does cost more, though (like baseball tickets). I'm not going to suddenly develop an interest in expensive jewelry or fancy cars, or buy ridiculously expensive clothes.

I would hire a maid, though, because I don't need to spend my valuable time cleaning if I can afford a maid. ;)
 
Re: When I win the lottery....

Bought my ticket today--just one series of numbers. It is nice to dream and fantasize.

One of my customers told me that she'd seen on the news some guy who had spent 10 grand on tickets :eek: !!!

That would be a lot of money down the proverbial drain for me, if no return on that investment.

Good luck everyone...it be a hoot if someone in this forum struck it rich.
 
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