beat: $315m powerball winner now broke

[TheWorstPlayer]

If you can sell the annuity now for a higher price than the lump sum, that is clearly the better option, obviously. If you cannot sell it, then it depends on your assumptions for return on investment, utility of cash today versus cash tomorrow, etc.

[CaptainBusto]

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I'm way ahead in the lotto. Like 20K. It paid for college.

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were you like a pro lotto gambler?
did you have a 'system' ?

[catalyst]

I'm pretty sure the PV value of 113m properly invested over the next 30 (or whatever the time frame is) years is >>>>> the present value of streams of cash flows that you would receive from the gov't, or a third party company taking over the cash flows.

[DING-DONG YO]

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[ QUOTE ]
I'm way ahead in the lotto. Like 20K. It paid for college.

[/ QUOTE ]
were you like a pro lotto gambler?
did you have a 'system' ?

[/ QUOTE ]

yup, my system was get the HOPE grant in Georgia funded by the lotto and retain a 3.0

[img]/images/graemlins/grin.gif[/img]

[DING-DONG YO]

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I'm pretty sure the PV value of 113m properly invested over the next 30 (or whatever the time frame is) years is >>>>> the present value of streams of cash flows that you would receive from the gov't, or a third party company taking over the cash flows.

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assuming of course that you're not a redneck retard that will piss it away, which unfortunately, is exactly what most lotto winners are.

[csuf_gambl0o0r]

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ALWAYS take the annuity option and not the lump sum payout when you buy a ticket. ALWAYS ALWAYS ALWAYS.



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NEVER NEVER NEVER EVER TAKE ANNUITY.

Time value of money bro.

[tboss888]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I'm way ahead in the lotto. Like 20K. It paid for college.

[/ QUOTE ]
were you like a pro lotto gambler?
did you have a 'system' ?

[/ QUOTE ]

yup, my system was get the HOPE grant in Georgia funded by the lotto and retain a 3.0

[img]/images/graemlins/grin.gif[/img]

[/ QUOTE ]

What school? Retaining a 3.0 at GT is no easy task. In fact it was mother [censored] hard.

[GutPunch]

If you won the lotto for $315 mill, would you take one lump sum, or payments spread out over time?

[AntonHeat]

[/ QUOTE ]http://www.washingtonpost.com/wp-dyn...2005Jan25.html

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Wow read teh whole story thats pretty messed up, dam rednecks rooking it hard

[DJ_Northstar]

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If you won the lotto for $315 mill, would you take one lump sum, or payments spread out over time?

[/ QUOTE ]read the thread lolz