Not it. Mega Millions

Well, I am safe from disruption to my daily life.  I did not win the 1 Billion dollars.  

However, what have our Michigan friends been up to?  Anyone been to the Kroger in Novi, MI this week?

That's enough money to get a V8 Corvair running.

Not me either. Still have not checked my #s though for a boobie prize.

I actually won the big prize but there was a conspiracy that changed the numbers.

Too soon??

Not me either.....and I had plans for that money too!

a buddy of mine last week gave me a $20 paying me back for something or other. He told me at the time if I played my cards right in the $1B lotto I could turn that $20 into $10...

Out of pure laziness I still have the $20. 

$2 on the QP woo hoo!!! off to buy that gazilliion dollar diesel PU........late

John Welsh said:

 That's enough money to get a V8 Corvair running.

I'd still bet on 2025.

Not it

Right state, wrong side.  Didn't win.

I ended up winning $2.

I hope they take the lump sum and buy the Lions....

wrong side of the dang state here

so if you took the cash payout here in Indiana you'd end up with approx $550M. If I put that into our savings account and accrewed the .25% interest we make on that account and without ever touching the principal you'd have $1.375M to live off of. Put that into something that actually gives a 2-3% return and you're looking $11M in income. 

bobzilla said:

so if you took the cash payout here in Indiana you'd end up with approx $550M. If I put that into our savings account and accrewed the .25% interest we make on that account and without ever touching the principal you'd have $1.375M to live off of. Put that into something that actually gives a 2-3% return and you're looking $11M in income. 

but you'd have to pay long-term capital gains on that $11M so it's really only $8.8M, hardly worth the effort LOL

bobzilla said:

so if you took the cash payout here in Indiana you'd end up with approx $550M. If I put that into our savings account and accrewed the .25% interest we make on that account and without ever touching the principal you'd have $1.375M to live off of. Put that into something that actually gives a 2-3% return and you're looking $11M in income. 

I like this game.  Would you put that all in one bank or would you spread it all around?  I couldn't trust a single bank with $550m.  What would be the group's theoretical investments?  Because 2-3% doesn't sound so great either.  (on 550m, sure, but not comparatively)

Crxpilot said:

bobzilla said:

so if you took the cash payout here in Indiana you'd end up with approx $550M. If I put that into our savings account and accrewed the .25% interest we make on that account and without ever touching the principal you'd have $1.375M to live off of. Put that into something that actually gives a 2-3% return and you're looking $11M in income. 

I like this game.  Would you put that all in one bank or would you spread it all around?  I couldn't trust a single bank with $550m.  What would be the group's theoretical investments?  Because 2-3% doesn't sound so great either.  (on 550m, sure, but not comparatively)

I'd stick about $100m into a boglehead 6-fund.

I'd earmark $50m for a track in upstate SC and would also earmark $20m for a kart track in Asheville, NC. 
 

Beyond that, I dunno? That much money needs to be converted into something that generates jobs.

FDIC or NCUA only covers $250k per depositor.  Takes a lot of banks to cover $550M at $250k per pop...

In reply to John Welsh :

I used to live a few miles away from that Kroger.  I bought a house in Novi in 2006, and lost my arse selling it in 2012.  Exactly the opposite of the lottery.

I already found the perfect island for sale in the Maldives that has an airport on it. So that would make easy racetrack conversions. It's "only" $65M so there's plenty of money for other activities.