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What to do, what to do......

Discussion in 'Anything goes' started by Chef2, Oct 17, 2018.

Page 5 of 8
  1. Batman

    Batman Well-Known Member

    Three tickets for the next drawing.
     
    Batman, Oct 21, 2018
    #49
  2. Batman

    Batman Well-Known Member

    It's funny how Andy Dufresne's rooftop speech sounds like a Nigerian e-mail scam.
     
    Batman, Oct 21, 2018
    #50
    Deskgrunt50 likes this.
  3. Wenders

    Wenders Well-Known Member

    I think it's $14K, actually.

    For myself, pay off current house and student loans. Build a new house to my specifications. Pay off my parents' house and help my elderly aunt move to Texas and buy her a house. Put a very nice amount in their retirement accounts so that they don't have to worry about money. Take half and put it in my own retirement account/with a financial advisor so it will grow. Stop dodging the Telefund calls from Good Ol' Alma Mater and give them enough money so they can run the bats out of the journalism department and fund it for a good while.

    Also, claim all of my winnings under an assumed name and continue to go the job I love with the co-workers I love without arousing suspicion and having random relatives come out of the woodwork to ask me for money.
     
    Wenders, Oct 21, 2018
    #51
  4. Flip Wilson

    Flip Wilson Well-Known Member

     
    Flip Wilson, Oct 21, 2018
    #52
  5. Moderator1

    Moderator1 Moderator Staff Member

    You guys are all playing for second place. I'm winning the big one Tuesday.
     
    Moderator1, Oct 21, 2018
    #53
    Deskgrunt50 likes this.
  6. expendable

    expendable Well-Known Member

    I’ll be generous and settle for Wednesday’s jackpot.
     
    expendable, Oct 21, 2018
    #54
  7. 2muchcoffeeman

    2muchcoffeeman Well-Known Member

    IRS annual gift exclusion is $15K for the 2018 tax year; you can give gifts up to that amount to as many people as you want to.

    Gift Tax Limit 2018: How Much Can You Gift? - SmartAsset
     
    2muchcoffeeman, Oct 21, 2018
    #55
  8. 2muchcoffeeman

    2muchcoffeeman Well-Known Member

    I’d take the Cash4Life prize of $1,000 a day every day for the rest of my life, or even its runner-up prize of $1,000 a week every week for the rest of my life.
     
    2muchcoffeeman, Oct 21, 2018
    #56
  9. ICanRowCanoe?

    ICanRowCanoe? Member

    I'm surprised no one else has said this: I'd go back to school. I'd really love to get another degree, not because I HAVE to work, but because I genuinely want to work in this field: biomedical engineering. No way in hell can I pull it off while I'm putting in 40 hojournalist. It's a five-year program when you go full time. I often think that winning the lottery would enable me to do it. And then I can use my fortune to help fund research and other advancements.

    Beyond that, new cars for myself and my siblings, pay off my dad's car, take care of college for my kids and my nieces and nephews. Always wanted a helicopter, too.
     
    ICanRowCanoe?, Oct 21, 2018
    #57
  10. exmediahack

    exmediahack Well-Known Member

    This is the Mount Rushmore response in our business.
     
    exmediahack, Oct 22, 2018
    #58
  11. The Big Ragu

    The Big Ragu Moderator Staff Member

    I may buy a ticket. I think it will be the third time in my life I have bought a lottery ticket. I see it as a waste of money. I just have never found it even fun for the entertainment value (cue Moddy reaching through his screen and trying to pull the stick out of my ass).

    But I do like figuring the expected value on these things -- the way you would do it in an intro statistics course. I haven't really looked at it yet, but at a billion dollars or whatever the annuity payment is, I am wondering what the expected value of a ticket is? It may actually be close to a positive number. Or as close to positive as you will get on one of these drawings. It gets complicated, because you need to make assumptions about what you could earn on the lump sum over 25 or 30 years (or whatever it is) versus taking the annuity. And you have to factor in taxes, and the possibility of splitting the pot. I am expecting the after-tax payout to still give a ticket a negative expected value, for sure. But I am curious now.
     
    The Big Ragu, Oct 22, 2018
    #59
  12. BTExpress

    BTExpress Well-Known Member

    "Man wins $400 million in lottery, rants that shared pot diminished the value of his ticket"
     
    BTExpress, Oct 22, 2018
    #60
    Iron_chet likes this.
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