What if you won the lottery?

Doobs789 · Jan 8, 2020

destriero said:
Pay my tax bill. Put $150MM in a fund. The remainder for living expenses/RE/guns/prepping.
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Prepping?...you gonna put $10MM in Jim Bakker food buckets ha

samuel11 · Jan 8, 2020

I put it all on tsla calls

destriero · Jan 8, 2020

Doobs789 said:
Prepping?...you gonna put $10MM in Jim Bakker food buckets ha
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Buy an island and build it out. Like Mosquito Coast.

ironchef · Jan 8, 2020

LS1Z28 said:
Scenario 1: You win $200M in the lottery after taxes. You keep $20M for yourself, and donate $180M to charity.

Scenario 2: You win $200M in the lottery after taxes. You keep a small amount for yourself, and invest the rest. You trend follow the market for an average annual return of 10-15%. You funnel your tax burden every year to the charities of your choice. After a couple decades you're a billionaire, and you're able to donate over $100M to charity every single year.

I would love the challenge of building a large account, but the biggest reason I would take this path is because I feel like it would make an exponentially larger impact on society over the long term than simply giving the money away.
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It is a two edge sword: You could also lose it all if you trade.

Doobs789 · Jan 8, 2020

destriero said:
Buy an island and build it out. Like Mosquito Coast.
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I'd buy an A&M Goodman...oh wait

ironchef · Jan 9, 2020

destriero said:
Buy an island and build it out. Like Mosquito Coast.
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You are there, almost there already?

clockwork71 · Jan 11, 2020

Only the truly foolish would trade it. At that point, you invest. Also, real estate would become part of my world. With those big numbers, it take a lot less to make money. Also, at that point you begin to think about generational wealth as well. Completely different game than the gambling we are doing here.