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If You Won the Lottery Jackpot, How Would You invest the Money?

probyn

Well-known member
Mar 4, 2010
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If You Won the Lottery Jackpot, How Would You invest the Money?
 

Gladylossa

Member
Mar 2, 2024
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after a bigger correction in the Market, I will be putting a good amount into S&P ETF.

After first interest rate cut, I will also diversify into some long term bonds. as they are really bottomed out recently.

oh and of course, take a vacations. (thailand, wink wink)
 

Adam_hadam

Well-known member
Feb 26, 2008
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Top up the TFSA and blow the rest. Wine, women and song along with a car and possibly a personal jet.
 

xix

Time Zone Traveller
Jul 27, 2002
3,843
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La la land
Top up the TFSA and blow the rest. Wine, women and song along with a car and possibly a personal jet.
women?
I hope you mean lady of the hour and not relationship women. Your money will b gone in 60 seconds.
 

jeff2

Well-known member
Sep 11, 2004
1,388
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Something like ZST for the short term. Until I got my head around what I was going to do.
 

NotADcotor

His most imperial galactic atheistic majesty.
Mar 8, 2017
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Depends on how much it was
Ontario 49 with 2 million, put aside 250K for getting some stuff and the rest I'd put into the Canadian banks and live off the dividends, every year pick the worst one or two for most of the money by PE ratio, dividend yield [highest] or performance last year [lowest] and eye ball tie breakers. I am mid 50s so soon enough I'd start moving into annuities as I have no kids to pass shit onto, annuities with a 2% increase as you can't get them inflation adjusted I don't think.

70 million from a lotto max.

20 into Banks, some lifecos and utilities but mostly banks and mostly worst of
30 into an annuity with a 2 percent increase, I figure both should after tax get me about 700K a year. So I could live off the income of just one stream
250K, 630 bucks for 2 hour session a day. 100K for rent [if I rent] 100 for 2 servants, 50K for misc expenses, 100K a year to replace my ride every 5 years [probably too much, maybe way too much] and 100K for travel but not a big fan of travel and m health makes it awkward.
5 mill on a 30 year ladder of Canadian govt bonds in case a depression hits and 5 mill on gold in case of hyper inflation both won't return 700K or anywhere near it, but it will do me all right should worst case happen
3 mill for a house [if I don't rent, probably too much, don't care for huge homes]
2 mill for back up citizenship in case the financial incels take over in the Canadas. I can GTFO and renounce the citizenship if I have to
1 mill for cars [way too much probably, need a wafter like a RR Ghost or a Bent Conti, an urban CUV like the UX 300 Lexus, Shaguar E Pace or the Alpha Romeo Toenail, maybe a camper van.
1 mill for travel which might go untouched and if not say 100K for 10 1 month tours at my age that would be enough, first class all the way, well for flights, hotel rooms don't need to be top notch
1 mill to catch herpes, syphilis etc, 3000 bucks a day for a while year, after that I'd probably not even need the 250K mentioned above, or get a full time bought girlfriend.
2 mill left over for what ever.

Not that I never think about this.
 
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asuran

SB destroyed
May 12, 2014
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30% Friends/Family/Vacation/Splurge/Fun money - Definitely would give big chunk to my parents and a good portions to my 2 siblings. Some to help out close friends as loans/investments (have them sign contracts and all for the loan, but with probably minimal or no interest)

50% portfolio of investments/start a really awesome business (expectation is I'll be making money here)

20% Bank it, lock it up, not touching it for 10+ years and see how I cope with this new found wealth and decide then.
 

NotADcotor

His most imperial galactic atheistic majesty.
Mar 8, 2017
6,165
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30% Friends/Family/Vacation/Splurge/Fun money - Definitely would give big chunk to my parents and a good portions to my 2 siblings. Some to help out close friends as loans/investments (have them sign contracts and all for the loan, but with probably minimal or no interest)
Never lend, give or forget. Just leads to tears. Also, some of them at least will figure you are rich so it's OK to screw you financially

as an appendium to the previous message above

My parents are dead. I was never close to any cousins and my one jive soul bro is well off, not really sure if the extra money I'd give him would even be spent. He is married, has no bad habits, they travel often anyways, no mortage, their vocation is their avocation. I am getting a new Lexus [UX] and might get something betting for my urban roundable and they are looking to go into the CUV for their next vehicle but other than that.
Oh and of course all the treats for their feline overlord duh.

As for friends. Must be nice. But seriously, best way to lose a friend is to be "that guy" they might stick around but the dynamics are totally different. Family Guy covered it in their over done way but their version ended a lot better than it does in real life. Also if you don't give out money and you give firm reasons as to why, and they sod off, well now you know. If I had friends. ;)
Also when word gets out, "Why did you give him the same as me, we are much closer" Why did you give him more than me, I thought we were friends" Much less drama just to have a set rule. Outside of parentals and siblings, nobody gets nothing and you ain't paying everyone's way on everything. So many lotto winners tossed around money, go broke and end up on the dole or cutting wood for pocket change forgotten by all those supposed friends they had.


It's weird, if you won the lotto or other jackpot and then you met someone, it would be considered crass for your new friends to have their hand out, but friends before the jackpot, a lot of people think they should have a claim.
 

asuran

SB destroyed
May 12, 2014
3,052
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Ottawa
Never lend, give or forget. Just leads to tears. Also, some of them at least will figure you are rich so it's OK to screw you financially
Parents and siblings, they definitely get it as a gift.

As for the friends part, I was thinking more along the lines as loans/investments, as in they will propose some type of business plan or strategy and I will be the role of the shark (think Shark Tank/Dragon's Den).
Obviously terms won't be as steep as the Sharks on the TV show. Once they pay me back the original amount I'll be happy to sign back to them most of their company. I'll probably keep 3~5% controlling interest, if anything.

For now it's just a day dream, but I will definitely get professional (lawyer, financial advisor) advice before even claiming the prize.
 
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