Powerball - no winner, now 1.3 billion

  • Thread starter Thread starter Briansol
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i broke even. spent 0, won 0. i blew enough the other time around ($10)
 
Briansol said:
why would you take the annuity?

if you can beat 2% compounded over 30 years, you're better off not taking it.

I'd hope anyone can do better than that over that time period just by throwing it in an s&p 500 fund.

All these fianance idiots telling you to take the annuity work for annuity companies who want the management fees.
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Why would I take the annuity? Because of a specific purchase I would make with my winnings.

I would buy an NFL team. Serious, it's what I want to do. The reason I would take the annuity is because it's a higher locked in number. I could use the annuity payments as collateral for funding a loan that will pay for my team. My $1 billion NFL team probably couldn't be purchased with a windfall of $500 million. But if I had a guaranteed stream of income, I could pay for the interest payments with the annual annuity and pay off the loan with profits from my franchise.
 
get_nick said:
Why would I take the annuity? Because of a specific purchase I would make with my winnings.

I would buy an NFL team. Serious, it's what I want to do. The reason I would take the annuity is because it's a higher locked in number. I could use the annuity payments as collateral for funding a loan that will pay for my team. My $1 billion NFL team probably couldn't be purchased with a windfall of $500 million. But if I had a guaranteed stream of income, I could pay for the interest payments with the annual annuity and pay off the loan with profits from my franchise.
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The lowest valued team in the nfl is 1.4 billion. It would be a stretch
 
chadcharb said:
The lowest valued team in the nfl is 1.4 billion. It would be a stretch
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I'm pretty sure you could get a loan somehow and use the annuity payments to fund an interest only loan. Or at least fund it somehow with being able to have the $1.5 billion as collateral, even if it is annuitized.
 
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