|
Would you have done the same thing or take the milly?
|
#
?
Dec 11, 2025 05:06
|
|
|
|
| # ? Jan 19, 2026 12:06 |
|
|
 they think there's gonna be a future
|
|
#
?
Dec 11, 2025 05:11
|
|
|
What's that thing on the wall behind her? The light blue thing.
|
|
#
?
Dec 11, 2025 05:21
|
|
|
Would've demanded 1 million dollars worth of red lobster coupons
|
|
#
?
Dec 11, 2025 05:34
|
|
|
You won't believe what she did next!
|
|
#
?
Dec 11, 2025 05:37
|
|
|
She would get a better return on the 1000 after around 20 years. She looks young. Additionally it would force you to maintain a level of self-control in your spending, you could supplement your income with a part time job and mostly coast with a constant safety net underneath of you, and you'd also have an excuse for moochers. Seems fine to me OP.
|
|
#
?
Dec 11, 2025 05:46
|
|
|
She did the right thing, OP You didn't
|
|
#
?
Dec 11, 2025 05:56
|
|
|
Don't know OP, you'll need post the legal paperwork instead of just a clickbait headline so we can see what happens if whoever is paying her goes bankrupt before we can give you an answer
|
|
#
?
Dec 11, 2025 06:14
|
|
|
gently caress u pencilhands
|
|
#
?
Dec 11, 2025 06:41
|
|
|
Even with inflation, her decision is probably the best
|
|
#
?
Dec 11, 2025 06:47
|
|
|
Not doing any math, I feel like investing the 1 million in the magic money machine will get you more money.
|
|
#
?
Dec 11, 2025 06:58
|
|
|
No, because she played the lottery. Hope that cleared it up.
|
|
#
?
Dec 11, 2025 07:05
|
|
|
Technically, you would hit one million in payouts in a little less than 20 years. She's projected to live at least another 60 years, so the weekly payout would be over three million. But it also works out to $52,000 per year, so that's not huge. But it would be a really nice supplement for her income. At that age, I would have gone for the weekly. At my current age, I'd go for the million.
|
|
#
?
Dec 11, 2025 07:09
|
|
|
Duck and Cover posted:Not doing any math, I feel like investing the 1 million in the magic money machine will get you more money. You don't get a million to invest if you take the million Because taxes exist
|
|
#
?
Dec 11, 2025 07:18
|
|
|
ground floor of pencilhands thread
|
|
#
?
Dec 11, 2025 07:26
|
|
|
Genesplicer posted:Technically, you would hit one million in payouts in a little less than 20 years. She's projected to live at least another 60 years, so the weekly payout would be over three million. But it also works out to $52,000 per year, so that's not huge. But it would be a really nice supplement for her income. In 20 years hamburger will cost 1000$ a pound and that's assuming the United states never pulls the trigger and defaults on purpose, in which case the thousand dollars could be used as kindling
|
|
#
?
Dec 11, 2025 07:44
|
|
|
a ~20 year break even is not really true. a rule of thumb used for retirees is that you can pretty safely assume 4% of a balanced stock/bond portfolio as annual income, inflation adjusted, forever without eroding the principal. so your typical 60/40 stock bond style index portfolio valued at $1M could produce $40k per year, or $769 per week, indefinitely. and again, that 4% rule is inflation adjusted, whereas the fixed $1000 weekly payment is not. if you assume a modest 2.5% average annual inflation rate, by the 12th year the real value of the 4% income from the initial $1M portfolio will exceed the the $1000 weekly payment. thus the fixed weekly payment will not actually catch up in the long run. there will be an initial decade or so where it may provide slightly higher income, before falling behind forever. this assumes these numbers are after tax. if they are before tax, then the $1M lump sum will have a big chunk taken out up front in taxes, whereas taxes will be both lower and deferred using the weekly payout. that could tip the math the other way. i'd still take the lump payment either way so i wouldn't get screwed if the financial company handling the weekly payout goes under.
|
|
#
?
Dec 11, 2025 08:25
|
|
|
i'd take the milly and go out in a blaze of glory
|
|
#
?
Dec 11, 2025 10:12
|
|
|
Rubber Chicken posted:You don't get a million to invest if you take the million i think the usa is one of the only countries greedy enough to tax lottery winnings. but i saw this story elsewhere yesterday and i believe this lady won the canadian lottery
|
|
#
?
Dec 11, 2025 10:16
|
|
|
Yes OP. Like Gene said, at 20 you take the payments, at 90 you take the lump.
|
|
#
?
Dec 11, 2025 11:24
|
|
|
no it was not smart to put yourself in the paper saying ‘hey i gotta bunch of money’
|
|
#
?
Dec 11, 2025 15:47
|
|
|
gently caress off pencilhands
|
|
#
?
Dec 11, 2025 15:49
|
|
|
If I had a million dollars. I'd buy you a monkey. Haven't you always wanted a monKEY?
|
|
#
?
Dec 11, 2025 15:56
|
|
|
take the million and spend it all on more lotto tickets
|
|
#
?
Dec 11, 2025 15:57
|
|
|
Genesplicer posted:At that age, I would have gone for the weekly. At my current age, I'd go for the million. 
|
|
#
?
Dec 11, 2025 16:03
|
|
|
This is so dumb. $1,000 in 2045 will be worth like ten bux in 2025 dollars. Think of how many McChickens you could buy in 2005 with $1,000. That's right, a thousand. How many could you get today? Less than 300. Also, she didn't need that million. I DID. But also, I need way more than that. gently caress you the lottery!!! 
|
|
#
?
Dec 11, 2025 16:07
|
|
|
i wish i didnt have to worry about money or rent or bills lol i hate this loving struggle existence
|
|
#
?
Dec 11, 2025 16:26
|
|
|
Be interesting to know if the $1MM was the face value of the prize or the amount of pre-tax cash she'd have received as a lump sum. From what I know of lotteries (which is basically seeing the signs for them at the gas station) the lump-sum payout option is significantly lower than the face value of the prize, and $1MM would be a suspiciously round number to hit after lump-sum discounting. And of course investing $1000 a week would let you dollar cost average your investment over 20 years, which is maybe a better option than dumping $1MM in an index fund at a moment when Nvidia and OpenAI and Microsoft are all loaning each other imaginary money. When we're all walking around in barrels and suspenders next year it might be a different story.
|
|
#
?
Dec 11, 2025 16:34
|
|
|
Lt. Cock posted:gently caress u pencilhands kntfkr posted:gently caress off pencilhands
|
|
#
?
Dec 11, 2025 16:39
|
|
|
Mozi posted:take the million and spend it all on more lotto tickets Also a ski mask and a replica gun, nobody will ever believe that a lottery winner would rob a bank!
|
|
#
?
Dec 11, 2025 16:42
|
|
|
Pcmaker isn’t PH PH is the other guy
|
|
#
?
Dec 11, 2025 16:43
|
|
|
he's Mahi Candlepins from the Sherdog forums need some wiki entries to keep track of all this lore
|
|
#
?
Dec 11, 2025 16:44
|
|
|
Bad Purchase posted:this assumes these numbers are after tax. if they are before tax, then the $1M lump sum will have a big chunk taken out up front in taxes, whereas taxes will be both lower and deferred using the weekly payout. that could tip the math the other way. i'd still take the lump payment either way so i wouldn't get screwed if the financial company handling the weekly payout goes under.
|
|
#
?
Dec 11, 2025 16:45
|
|
|
Brainworm posted:Be interesting to know if the $1MM was the face value of the prize or the amount of pre-tax cash she'd have received as a lump sum. From what I know of lotteries (which is basically seeing the signs for them at the gas station) the lump-sum payout option is significantly lower than the face value of the prize, and $1MM would be a suspiciously round number to hit after lump-sum discounting. i looked it up and posted earlier ITT that it's the canadian lottery she won and they don't tax winnings. way to out yourself as a poster that doesn't read every post in every thread
|
|
#
?
Dec 11, 2025 16:54
|
|
|
Panic! At The Tesco posted:i think the usa is one of the only countries greedy enough to tax lottery winnings. but i saw this story elsewhere yesterday and i believe this lady won the canadian lottery If we didn't tax lottery winnings every CEO's salary would become $1 + a guaranteed lottery prize Like, instantly
|
|
#
?
Dec 11, 2025 16:55
|
|
|
Brainworm posted:And of course investing $1000 a week would let you dollar cost average your investment over 20 years, which is maybe a better option than dumping $1MM in an index fund at a moment when Nvidia and OpenAI and Microsoft are all loaning each other imaginary money. When we're all walking around in barrels and suspenders next year it might be a different story. if you're sure we're in a bubble and believe there's a crash in the near future, you'd be better off taking the full lump sum in cash and leaving it in a money market account for the short amount of time until the stock market is down 30% or whatever amount you're betting it's going to fall, then invest it all at once. or you could take the lump sum and put it all in the market, minus some portion to invest in an AI-short ETF to hedge against the bubble that kind of market timing is hard to pull off though and dollar cost averaging tends to underperform lump sum investing the majority of the time
|
|
#
?
Dec 11, 2025 16:57
|
|
|
2 chicks at the same time
|
|
#
?
Dec 11, 2025 17:11
|
|
|
Bad Purchase posted:that kind of market timing is hard to pull off though and dollar cost averaging tends to underperform lump sum investing the majority of the time This will come in useful when I win the Canadian lottery.
|
|
#
?
Dec 11, 2025 19:21
|
|
|
redshirt posted:2 chicks at the same time
|
|
#
?
Dec 11, 2025 19:21
|
|
|
|
| # ? Jan 19, 2026 12:06 |
|
|
This thread made me buy some Canadian lottery tickets
|
|
#
?
Dec 11, 2025 19:21
|
|