Mega lotto over 500 million

[BSB]

The hell with lawyers, accountants, funds, etc. Put it all in a checking account and have a ball.

My first purchase: http://pictures.topspeed.com/IMG/jpg/201110/2011-cadillac-cts-v-v700-w.jpg

Street legal, 3year/36,000 mile warranty carrying, 10.98 1/4 mile, Ferrari killing,  700 hp, Hennessey Cadillac v700 "Hammer Wagon". God is good.

BSB

 

[Xavier_Onassis]

You surely mean 109.8 in the ¼ mile. 10.98 you could do with a malfunctioning golf cart.

[Christians4LessGvt]

Put it all in a checking account

Banks are only FDIC guaranteed up to $250,000.
That would be a huge loss if God forbid something happened.

[BSB]

Don't sweat the small stuff CU4. Use 50 different banks, have a couple hundred accounts. No big deal. BTW, my father was a banker and the bank had a customer that kept a million bucks in his checking account. And that was back when a million was serious money.

XO, that's 10.98 seconds from A stationary start. 


BSB

[Christians4LessGvt]

Don't sweat the small stuff CU4. Use 50 different banks, have a couple hundred accounts. BSB

now you're talking....and maybe a few other conservative, safe, investment "parking places".

[Xavier_Onassis]

Finding a better place to put your lottery winnings would not be a major chore. Even a discount brokerage company would be happy to provide you with a good personal adviser.

So far as I know, no one has lost a dime in a money market account. But that would clearly not be the most profitable choice.

A mix of US, European, Asian and Emerging Market index funds would probably be acceptable.

[Christians4LessGvt]

Finding a better place to put your lottery winnings would not be a major chore.

Beware of Madoff's!

And it woud be more of a chore than most people think managing 600 million dollars.

[kimba1]

Seriously
I think i would at most keep 30 of it and give the rest away to some education based charity.

I out grew my party ways and the most expensive I desire is a decent easy to maintain home with the best broadband possible.

Ok 10mil set aside in case I buy magic beans. Sadly not impossible

[Xavier_Onassis]

Madoff never would tell his "investors" what he invested in.

Any reputable brokerage or adviser would do that. It is not all that difficult to find responsible people who could put you on the right track.

If you had any sense at all and 30 million dollars, you could never outlive it if you had even minimal intelligence.

[kimba1]

the very reason I would have a magic bean fund.

those nigerian princes can be tough

[Xavier_Onassis]

Even Nigerians do not trust other Nigerians with their money.

[kimba1]

I actually know a nigerian and she would confirm that. That scam has cause is still causing damage to that country. If your a bank would you give a loan to any business with the word nigeria on it?

[Christians4LessGvt]