You hit the lotto

You hit the lotto.

Before taxes you have options:

$142,000,000 CASH

OR

$7,266,667/year for 30 YEARS

What do you choose, and what are the first things you will do with your newfound wealth?

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definitely the 7,226,667 because even if you blow all your money, you'll still be getting paid. Also get a wealth manager and invest in stocks.

Ill have all the money at once, spread over some banks and live of the interest.

I will probably buy it cash and have a demolition crew come in and blow it the fuck up just so I can make a cringe thread

it depends, am I allowed to make any more than $7.3M a year or am I set to that exact amount?

i mean they're both good deals but living like Pablo doesn't sound so bad

you know what nah, give the stipend anyway

don't want rats eating my fucking cash away

This is the best option

Option 2 doesn't secure a monetary equivalent that combats inflation or other devaluation of the currency so effectively in 10 years time 7.26 mn $ will be worth just about fuck all.

142 mn $ right now so I can invest in properties and gold.

i'd kill myself and have the greatest funeral anyone has ever seen

The 142 million

Build an underground bunker to live in, buy land to pass down, try to open or start a business for future generations. Use the rest to just live and try not to spend much so that, again, future generations are set.

thats only 76 million more if you do it over 30 years and that will probably pay for taxes.
>reinvest in real estate preferably an apartment complex
>hq your company and overseas investments in multiple IRAS maxing out your contributions
>open TFSA by becoming a canadian citizen.
>hq your apartment complex company in the cayman islands and pay no taxes
>sail the world on a le fucking yacht, running on solar and live in monaco or switzerland
ayy lamo

Option 2 still lets you invest

/thread

Only correct answer

as if that 30% is enough to counteract inflation/the apocalypse.

Pay me up front, I'll HIRE people to portion my money out in arbitrary annual sums, and invest that shit besides.

And really, what's the difference between 140 million and 210 million? I don't even want a yacht.

>take cash up front
>rent a apartment and change my address to that incase some niggers try to rob me, they hit an empty apartment.
>pay my mom to be my money manager/adviser
>tell her to take care of immediate family and set up a trust incase something arrises for true needs/ emergencies.
>leave the country and to live somewhere else and travel the world and live on my own but not live like a king don't want to much attention drawn to me

yeah that's about it I guess, I will invest in real estate and get a property manager but that's after I have some fun first.

Option 2 didn't specify if it would be keeping up with an ever changing economy.

What if 7.26 mn $ is worthless paper in 15 years time?

Then I can invest in buying a loaf of bread once a year, not really my cup of coffee.

all at once. if you die the money goes back. that's how they get you.

Neither did option 1 you autis

142 million
buy private island and a fishing boat, goodbye world.

7.26 million is enough to start a small busniess with and open a couple reasonable accounts with but good point

Unless you're a dumbass, you take the yearly allotment.

Most of you niggers are poor and dumb as shit, so you don't know it, but if you take the millions in cash you will give about 2/3 of it in taxes, whereas it will be less tax if disbursed over more time.

Along comes dat boy hurrican

OP here

most of you are reasonable people, which i find surprising.

Personally, I'd buy a mansion, hookers and cocaine, fly around the world in my private jet having the time of my life, driving expensive cars, etc.

It all gets old eventually, so in like 5 years when I'm broke, I'll be ready to go back to work

Option 1 would give me a fat pile of cash worth 142 mn $ on the spot.

I can then invest this into non-volatile storage forms like property or gold, immediately.

You realize that money changes in value as time progresses, right?

I would still be cutting my own nuts off at nearly 20 times less the money I could otherwise have, and which I know is worth something substantial today.

Are all of you people in this thread really this irresponsible with money that you'd rather an annual check than some discipline?

>not even accounting for inflation / devaluation of currency

...wew...

dis

Wrong.

1. If you age going to give family money, do it right away and make it clear that is it. They will guilt and bleed you dry.

2. You are not an investor just because you have money. You can live the high life on that easily. Set in place money for children at the beginning, the rest is yours.

3. If you were miserable before the money, you will be miserable and rich after. Sort out your shit.

Along comes dat boy garage

I take the 7 milion and spend about 300k a month on whatever the fuck i want and that's a hard limit

actually option 1 will give you less than half of 142mn $ because taxes

142m money makes money and I can just set a limit for myself.

I'd take a small loan of a Million Dollars.

2nd option.

I invest 95% and begin earning interest, which by itself would keep my meager life-style afloat.

Then keep adding the new annual earnings into that amount, increasing my interest income.

I only need 700USD/month to live at my maximum comfort level, including all living expenses.

The only thing I'd think to spend the extra $ on, is to pay people to deliver my groceries, so I don't have to be around people.

A similar problem goes for option 2, not to mention inflation.

So it changes over time?

Take the 7 start up something. Boom you just reached 140 alone on the 7

Besides taxes take part and like user said you'd be a dumbass to take the whole amount

Absolutely take the cash option.

I have minimal confidence in the government. Would not be surprised if they needed money later on to stop paying.

I'd dump most of it into super conservative and safe low interest accounts. Shit, even 1% annual on that is more than enough to live wealthy forever.

Probably just buy some large tracks of land in Alaska and become self sufficient.

I have no friends or family or girlfriend, so fine with me.

hurricanes are especially dangerous if there is debris around you, like in a city where business with glass panels that brake. Not my island, no boi, i got me prison style windows, no one escapes ya boi

>getting such a large pile of money that I would never ever have to work a day in my life

>voluntarily going working

lol

30 year payout. First I hire a lawyer and an accountant.

lmao word.

>not thinking your future kids kids

>weak minded people only think about themselfs

142 million cash after taxes is around 85 million.

7,266,000 per year for 30 years after taxes is about 131 million

I think you'd have to be pretty foolish and shortsighted to take the lump sum. Seriously, just the one year's take is probably more than most of you will make your entire lives.

Option 1 is the only correct answer. A lump sum of 142 million will have a greater net present value than an annuity of 7.2 million even at a small interest rate of investment

I don't think you understand what inflation is

did you even do the math on how much more money you get if you let that 142m cash sit on the bank for 30 years?
no, because you're a nigger

ok how much has 100 million devalued since 1986 30 years ago. by about half right? 7.6 over 30 years is 228 million roughly, if it devalues at 2.26% from 2016 to 2046 how much am I going to lose?

>not thinking your future kids kids

I am thinking about them. With the massive sum of money I can buy / build so many homes for them that it's not a question anymore.

>what is inflation

Why is option two such a specific amount? Something you want to tell us OP?

>not just starting up something for them to own later down the road

I think you'd have to be pretty foolish to completely disregard the potential for return on investment and think only of total money received irrelevant of time

Depends on how well you can invest the lump sum for 30 years. Most people are still better taking the yearly payments though, or they will splurge and go bankrupt faster than kanye.

This is the best response, unless you're the type to buy magic beans.

It's clearly a division by 3 dumbass...

>greater net present value

Dude, the 30 year payment gives out about 50% more money even before taxes. How can you argue that the lump sum is better?

I am not doing cocaine anymore when i have that amount of money, hell i would even stop daily drinking. Why should i risk dying from a OD when i can be happy easily without drugs. I do drugs and shit because i am not happy. If i want a thrill i will just fuck 20 girls. Get myself a apartment with a view to kill for. Never understood people tend to drugs when they have a goodlife.

this thread is getting exciting

not really

>there is basicaly a 0% chance that inflation will have that much of an impact over 30 years
You're kidding right?

>return on investment.

You're talking about gambling, dude. I'm sorry, but you are not guaranteed a goddamn thing on an investment.

damn man. i'm happy for you.

Inflation has been pretty low, and inflation would have to go up by like 150% total in the next 30 years to even match the amount. There would have to be some kind of economic collapse for that to happen.

GAME CHANGER

the $7,266,667 was an average payment.

Actual 30 year payout will gradually increase each year, starting with $3.2 million year one, to $13.5 million on year 30.

Account for taxes.

Then riddle me what would happen with my post-tax 142 mn $ shoved into gold and properties which I can liquidate as I wish.

I bet I will be on the winning end, as OP still has not delivered a stipulation on what happens if the US dollar stops being used for whatever reason.

When I'm so disgustingly rich they can figure out if they want to own a company.

>jews in the banks

You're actually expecting inflation not to change at all?

The American economy is totally fucked, and with that the US dollar.

Well, let's work it out.

OPTION 1:
$142,000,000 paid instantly.
If invested conservatively with a x% investment rate

You earn 142,000,000*(1+(x/100))^30

OPTION 2:
$218,000,000 paid over 30 years
It's an improvement of $76,000,000.

The second option gives you a guaranteed return of 9.53% from the original value.

The only risk is that the US dollar could hyper-inflate or devalue dramatically, leaving you broke regardless of the payments.

I guess your decision rests on your faith in the US economy...

Personally, I'd choose option 1.

Because I actually understand the financial principle of the time-value of money. Present net value is calculated by discounting future earnings by the investment interest rate, not just by looking at total earnings. With the lump sum, there is zero discounting, but with the 30-year plan you have to discount each future year by ever increasing margins.

SOURCE:

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ill take the cash
you can make up the difference and then some if youre smart about it

wut

hell no, if I can think of anything that can make a multi-millionaire go broke it's anything to do with the ocean or boating. Just say no, user. The sea is a huge, briny bucket of tears and broken dreams.

This is smart. After taking the lump sum I'd partition it into many strict, redundant amounts. Cash for family members would be immediately doled out and any further questions after my money would be countered with questions about the asker's funds, and where they went.

I don't know how much of it should be invested, because I have no experience investing on a tycoon level, but let's say two thirds of it get invested/swapped for gold or property or whatever my advisers (which I'd hire ASAP) tell me is most prudent.

So after putting most of my money away for the sake of having money in the future, say I have 40 million left. I'd give myself half of that for living expenses for my entire life (I don't want a moon-mansion), then I'd take the 20 million leftover and give a million to each of my significant relatives. Only relatives, not super-best-friends, 'cause that's a slippery slope.

say I have five million left that's still unaccounted for. The numbers need adjusting, but if I did it right I would have no earthly use for this remaining five million besides potentially adding it to the nebulous cloud of cash that I previously "put away". This money I would use to hire one (or possibly a small team of) professional furry-removers, outfitted with anything they need to gas, harass, and otherwise brutalize the furry community.

$142,000,000 CASH now
simply because i won't make it another 30 years.

things do first: visit two of my former bosses, beat the shit out of them and throw they money they would get after sueing me right in their face (it's not that much in my country).

thing to do shortly after. buy a Flak tower from WWII and turn it into the coolest home ever. a few people did this (or place a "normal" house on top of said tower) and that shit is pure win.

>US dollar stops being used for whatever reason.
unless USA dissapears for good then you're money will be converted into whatever currency USA uses

That's a good idea actually

you're the type that goes back to washing the streets or serving fries at mcd after winning a huge prize. fuck off nigger

I could live in Asia for the rest of my life for 2 million. Anything left over would be invested.

>50 more years to live x 20k$ a year
>1million dollars
>1million dollars worth of hookers for the next 50 years
>stimulate that local economy with my dick, sounds good to me

only safe investments are real estate, I would probably invest in apartment complexes
>then any family still have money rolling in when I'm dead and gone

Take cash
Pay taxes
Invest to ensure a sizable about is returned annually (guaranteed)
Maybe move but keep my modest living arrangements,
Probably start a small business (profit or not) but it has to be something I want to do.

Pretty fucking simple.

Its the fuckers that get stupid that loose it all.

pretty much doing this

> you have to discount each future year by ever increasing margins.

Nigger, I know how economics works. You sound like an economics major so you should know that economics is all about making shit up to make money now. That doesn't mean money later is actually bad. You're just applying an arbitrary formula to devalue future money based on some whimsical assumption that you will have been able to make more money with it by some arbitrary percentage if you had it now vs later.

You're talking about gambling, which is fine when you want to talk someone into investing in your shit, but I'm not an investor. I have my own shit to spend money on.

>inflation would have to go up by like 150%
Do you have any fucking clue how inflation works at all? Inflation is a year-by-year measure, dumbass. A salary from 1986 (30 years ago) of 100000 is equivalent to over 218,000 dollars now. Go learn some basic economic principles before trying to participate in a financial discussion

yup me 2 on this plan.
All I want in life is for people to stay the fuck away from me.
Small house and big land, although I would excavate a moat.

I'd take $141 million, put it in a nice pile, and publicly eviscerate it with a variety of explosives/combustibles. I'd then take 1 million and become an opiate addict, banging other opiate addict women, and sooner or later, succumbing to my addiction.

If you really think an investment in government bonds (something that have never once been defaulted on) is the same as gambling, you have a very poor understanding of finance

ok so roughly you would lose 100 million if inflation depreciates the currency on 228 million comparing $72 million loss over the lump sum compared to the $100 million dollar loss due to projected inflation. The lump sum looks like the better option roughly but you could also say that due to the looming dip the economy is about to take in June, inflation will decrease and go back to a sustainable rate. The inflation in the 80s could be due to a numerable ammount of things that dont play a factor in the economy anymore.
plus
>investing in gold

good way to blow your cash and piss off everybody you know while getting kidnapped for ransom in a third world shithole.

like most people, you don't understand the difference between money and wealth. Like they say in the movie money is what comes out of an ATM, 100Mil is not money

First interestin thread in months, I'm lurking.

second option. if you save up, youll have at least two times the amount you get immediately

take the cash
after that I reckon I'll have the better part of a year before I die from one vice or another

>government bonds (something that have never once been defaulted on)

Listen to you, dude. Governments have defaulted on a lot of shit over the years. Do you just think the US is somehow immune to the ebb and flow with its gargantuan debt?

I have a much more developed plan for my castle, built in classical style:

>find a plot of land, minimum of 3000 meters on each axis
>must be forest
>must have a hill with at least 10 meters of height difference from the center to the corners
>deforest a 1km diameter circle on top of the hill
>this wood is now fuel for many winters
>erect my massive villa on top of the hill, with clear view all over my property
>have posts prepared to deploy barbed wire in the forest perimeter around the house

Man, it'll be great.

The lump sum won't have time to inflate my friend.

Of those post-tax 142 mn $, less than 5% will be liquid come 12 months time.

I'm in Europe btw.

i'd take the lump sum, go down to columbia and start up the medellin cartel again. make dinero and snort a lot of blow lol

>ITT people assume they will live to be 80 years old when people die in their 30s all the time
>yes even rich people

i will take the large sum of money and enjoy life while im young and, more importantly, still alive. thank you very much op.

What about pirates ?
Because it does exists and they do not look like johnny depp...

>you're just an applying an arbitrary formula to devalue future money based on some whimsical assumption
Yes, how silly of me to apply an empirically proven method that is used by literally every financial institution to calculate investment potential. The interest rates used aren't pulled out of my ass, they're based on historical reference points and are always given with a reasonable margin of error

>you're talking about gambling
>I'm not an investor
Putting your money in a savings or 401k is investment, and everybody should do it? Do you just put all your money in your mattress?

>that doesn't mean money later is actually bad
Nor did I ever say such a thing. I was looking at the values of this specific case, using a VERY conservative interest rate, well within any reason of error. So no, I'm still right, and yes I have an economics degree, but that shouldn't even be relevant. These are high school concepts and I can guarantee you anybody with a financial background would disagree with your statement

YOU MEAN GOLD?

im comparing the two

if you take the 30 year $7.6 per year you would lose $100 million of the $228 if the dollar keeps inflating at the same rate

if you take the lump sum you would only lose about $76 million.

so im agreeing with taking the lump sum but why le fuck would you invest in gold

In both cases, you will become the prior target of mafia, they will kidnap your child kill your dog rape your wife and mother just to get paid.

all the cash now
>might not live 30 more years

besides what if the first thing you want to buy is $8 million? you're fucked for a year.

for that money you could pay pirates to patrol around your property, keeping people out

Dem profit

>non-volatile storage forms like property or gold
>non-volatile
>gold

This nigger is retarded.

Yes and you can trust in these guys for sure

The US has never once defaulted on anything. Never said it was immune, or that it couldn't happen, but it has the best track record you can possibly have, aka perfect. So not sure what you're arguing, that there can't be ANY risk whatsoever? Life is a fucking risk, pal, get over it. Finance is all about assessing risk and taking appropriate action. If you can't handle any risk no matter what the return then you have no business discussing finance