So the jackpots up to 1.4 billion. Ive never even played the lottery, i am thinking about taking 60 neetbux and buying 30 auto selected tickets so i dont have to come up with numbers. My life sucks, maybe im finally due for a win. You guys gonna play tomorrows powerball drawing?
yeah, getting my tickets either this afternoon or tomorrow
enjoy paying millions in child support and possibly also alimony. I would probably just go to Amsterdam once every couple months, have the full gf experience with a high class escort for a day or two, then fly back. when you're that rich, finding a female who won't extort you for all she can is essentially impossible
We should start a robot pool where /r9k/ members can contribute to a big lot and split the earnings among the winners. imagine if 1.4b was split up even 100-200 times.. it's still thousands of dollars to share
>tfw God is preparing for someone(s) very deserving to share in this world first jackpot
>inb4 chads who already has everything just buys a ticket for fun and wins
i know its going to happen
I feel like even if I win people I don't even talk to anymore will call me up, then if I refuse them money they'll spread shit about me and even strangers who ask for money will start spreading shit then news agencies will look up my personal life somehow and then I'll get murdered.
Only the most deserving
Even if most people don't approve of how she spent a small sum of her money, it's nice that someone poor can enjoy it until it runs out. We don't truly know what we'd really do with the money - as much as I'd want to start up an empire of some kind it'd still take years of hard work to establish it. Chances are if one of us robots won, we would just be lazy and not do much with it.
Its already up to $1.5 Billion ($930 million cash value) and still 31 hours before the draw.
So if there is a single winner, by then it could literally be over a billion dollars actual money before taxes.
I bought a bunch of tickets in the hopes I can match the first 5 numbers, because in Cali that prize depends on tickets sales, and could reach like 14 million divided among everyone who wins the prize
I just explained the total valuation of the lotto is based on tvm. Taking the lump sum means you get the money and in x amount of years invested at market rate it will be worth 1.4 years before taxes. You fucking idiot, your father changes the topic when you come up in conversation. You only get 1.4 bil if you take the annuity. Just kill yourself
>Taking the lump sum means you get the money and in x amount of years invested at market rate it will be worth 1.4 years before taxes.
You're not making any sense. You have annuity or lump sum (which is worth less than annuity) options. Idk what the fuck you're trying to say.
Usually you set up 2-3 bank accounts with the best "CDs" you can afford and you fill up those accounts to their limit, then the rest either goes into stocks or hedge funds.
Unfortunately you can't physically put that kind of money somewhere, and banks have limits because if they go bankrupt they don't want to end up paying $600 million to some asshole who lost his money through the bank.
It makes you wonder how rich and famous people handle their money.
if i won that i'd isolate myself in a beautiful tropical location and have slaves go out into chad's world to bring me whatever i needed, i'd have a mansion and live in 1/2 1 day and then in the other the next to rotate my cleaning slaves when im not in the 1, 1/2
i would have 1 personal slave that i would see, who would have to be really short and ugly that is my intermediary
that would be the only other person to see me, then i could live my entire life facing the ocean (with no chads on the beach) or any other shit obstructing my view
and i wouldn't have to see a chad or a disgusting woman ever again
Don't take the lump sum, dingus. Or do, that's still a shit ton of money that you can use to just make more money than you would ever earn.
Just try not to get hit by a bus, or you can probably work with one of those lump-sum businesses and have them compete to give you the best rate. I'm sure they'd love to give you more than the taxed cash rate in exchange for the annuity
>sorry, we can't pay you any more
real smart. if you take the lump sum, you can invest a large chunk of it in rare metals, property, etc, things that will always have at least some value. that way, even if the dollar dies completely, and the US descends into utter anarchy, you'll still be able to live in comfort and security
The 2002 powerball, which was the largest jackpot at the time, went to a guy who was already worth 17 million and who bought the ticket while getting a sandwich and getting fuel for his car.
So yeah. Kayne West is probably going to win this shit.
Same. Partner with Google to make a 1:1 scale of the entire world, advanced AI so you can be involved at whatever scale makes you happy. Zoom in for squad based control, first person shooter, Wargame scale, built in naval and air support
Then find a way to make it so you can multiplayer thousands of people simultaneously
supcom cost $10 million, you're talking like a 200 million budget
my idea is just 3D environments and movement, combined with tactics-level combat like company of heroes or similar
I would spend it. I would buy the best. I have zero development knowledge but would have money and the ideas and the sense to listen to advice. Even if the game needed top of the line computers to run I would create centers where people could come to play it. There would be VR sections so you can play the FPS, cockpit simulators so you can do aircraft and tanks.
>an eccentric billionaire will never sacrifice his entire fortune to make a 100% from the heart AAAAAA genre-defying game that will not be topped in the next 20 years
get on it notch
That would be a bad investment. Rich people are obsessed with good investments. The lottery is your only chance to get millions with less than 10 bucks. They wouldn't feel too happy if they didn't win with just a few tickets.
No need. If you win the lottery that's pretty much all your luck. Even the experts can't beat market average. Just buy mutual funds and call it a day. Just buy 100% allocation into VTSAX or the institutional equivalent. That's all anyone needs to know, whether you have $10k or $10 billion, you will not beat average. Average is literally average, it's unbeatable, because at some point regression towards the mean will fuck your shit up. If you hate vanguard for some stupid reason just get any broad us based mutual fund. Even just tracking the s&p500 and or djia will give you a good enough run.
I'll repeat it then. Two words:buy VTSAX. Think of it as a stock that is all the stocks. Diversity is good in a portfolio, right? You can't get more diverse than owning everything. This is how you guarantee average. Buy all the stocks, then make all the stocks one 'stock'. This one 'stock' will always be average returns.
It's really that simple. vanguard.com, buy VTSAX. Buy and hold, then enjoy something in the neighborhood of 10% return averaged over the years. Say you buy and hold X years, you could gain 30% one year, lose 50% another, it's not money, it's position, or ownership of companies. Over time your average becomes average-er. Gain of 30% or loss of 50% don't matter when they are actually a gain of 10%. Buy and hold then sell as needed. Market timing is even dumber that picking individual stocks. VTSAX is a lifetime commitment and the best choice you will ever make it your life.
There is a ceiling on your tax rate. Once you exceed this it makes no difference. Take the hit, cry once, then invest and see it grow. Otherwise by taking the annual payout is a cuck and letting them enjoy investing and profiting from your money. You have to think about money in terms of your entire life span. More money over a lifetime is better than less. Cost/benefit analysis 101.
since you seem to know this shit
I've got money set up in VGHAX, VFIAX, and VMRGX (not sure exactly how much, but a substantial amount) and 1504 shares (right now ~150k) in exxon stock
is there a better place to put this money? i'm definitely doubting putting so many chips on oil stocks right now, but my parents say it's fine (they have stock in exxon too) but i don't necessarily trust them since they aren't financial analysts or anything
Just left a 7-11 dude in a pool just brought 36 ticket over 700 combinations.
Can only afford 15 at a time.
Well, state lottery taxes are far less than normal state tax. But like the anon you quoted said, take the fucking hit and take the lump sum. It's like you guys are forgetting it's 600 million fucking dollars. You need to take the lump sum and immediately plan out and pay for a large business - you can't really do that with annuity.
Shut up stupid the tax isnt different on the annuity. The entire winnings are taxed for their lifetime. For one a million dollars goes to the store that sold the ticket. You "make" more with the annuity because of interest taxation is the fucking same daft retard.
You'd have to be a gigantic idiot to have a 100% stock asset allocation if you won the lottery.
When you have that much money, you aren't looking to get capital gains, you're looking to preserve the wealth and that means extreme diversification, especially in to safe assets.
You'd want everything. Stocks, bonds, CDs, TIPS, real estate, precious metals, and everything else you can think of.
>not taking the lump sum
Have fun when the USA becomes a third world country in 20 years after Bernie wins the election and the states raid the lotto funds to stay solvent, also hyperinflation means you're now a millionaire pauper.
Meanwhile I'll take my 600 million and invest in such a way that only global armageddon could strip it away
>Shut up stupid the tax isnt different on the annuity.
That's not what I said in my post at all. You're claiming the taxes are all the same and they're not - period. My state's tax is almost 10%. Lotto tax is 5%. Different percentages. And why is it so important to get a little more than 600 million dollars over a lifetime? You never know what the future holds so fuck annuity.
buy a safe the size of a fridge or something and keep however much it can hold in there
rest goes in the bank, i have no idea what the fuck its called but you wanna put some of the money in the shit that makes it grow over the years because your money will be worthless 10-20 years from now.
>It makes you wonder how rich and famous people handle their money.
Saw a documentary about one of those generic nigger superstars you have in the US. He had wads of $$ all over his floor in every room of his mansion.
>someone from r9k winning
>I'll spend it on drugs and vidya and shitpost in my million dollar house
>Taking the annuity
>Gambling that you'll live 30 years to collect it all
>Gambling even more that your tax rate won't increase to as high as 90%
Yeah, that's a smart plan there.
Take the lump sum. After you pay taxes once, it'd be (roughly) $570,000,000, assuming a $930,000,000 lump sum. Then you can invest it and pay significantly less in taxes, since it's capital gains, not income.
>tfw you have a better chance of getting bit by shark, hit by lightning or being murdered than you do of winning the lottery
>tfw you will never win a big amount of money and never have to worry about basic expenses or where you'll live ever again
>tfw your future will always consist of either being a wagecuck or a NEET who will eventually become homeless and commit suicide
I'VE BECOME SO NUMB
>mfw I live in Alabama and can't really afford a trip into Georgia or Tennessee to buy a ticket
Fuck this dumbass state.
>letting them enjoy investing and profiting from your money.
Top fucking kek. You're talking about playing the fucking lottery. They don't give a shit who wins or how they take the money because they win no matter what.
>giving your taxes back to the hidden jew tax man
what a good obedient goy
YOU LOSERS ARE UNBELEIVABLE
Not even that guy but shut the fuck up, man I hate smart-asses like you. This is such a reddit-tier response. As if a full tank of gas to travel out of state can compare to a couple lotto tickets.
>be in glorious Washington state
>have $4 after buying a gram of legal weed for my weekend
>in the grocery store, decide I want to get a powerball ticket because why not
>think I'm gonna get two
>go to to machine on the way out and see there's a line
>standing in line for a few minutes now
>nobody is talking
>raining outside, we're right by the door
>people coming and going looking at this line of people waiting to play the lottery
>dystopia as fuck
>guy in front of me spends $100
>doesn't look happy at all
>I decide to get just one instead of two
>just want to make >>25703652 and a tabletop equivalent happen
Good lucky everybody. It has to happen to someone
I would literally just travel around the world on like 20k a year but not be too concerned about spending more for a fancy dinner here and there. Nothing super fancy or more than I have now, just cheap hostel traveling, backpacking and meeting new people, etc., but from now until I die, never having to work. Eventually bring my wife along with me.
Why would 45 people win THIS time when not one person won last time? 900+ million jackpot showed similar amounts of enthusiasm and sales.
I don't think it'd be that much split 45 ways, but you say that as if it's a small amount.
What happens if it continues for weeks and nobody wins? Will the jackpot really keep going and going into the billions? Could it possibly get to 10 billion or more? Is there a stopping point?
i hope none of you win
you all have to lose and live out the rest of your miserable lives just like me. fuck you all.
I'm highly considering using numerology to win the lottery, although I'm scared because regarding the number 13 in numerology:
>If this power is used for selfish purposes, it will bring destruction of the self, and in turn, this will bring dis-ease and illnesses.
Is it really selfish if I plan to do good things? It can be so perfect. My life path number is 7. I buy 7 tickets at 7 pm on the 13th day. It's my dad's bday and my bday was exactly a month prior on the 13th day (part of the calculation of my life path #). The number 7 gets even more personal with me, so this should at least net me a match 5 win. My other fear is not being able to purchase at 7 pm tomorrow night due to crowded stores or running out of ticket paper.
I got this idea from a lotto doc I watched earlier, dude supposedly used numerology to successfully win 32 million dollars.
Do you guys think the PB will reach/exceed 2B tomorrow? The sales are going to be insane tomorrow.
>you don't win anything
>you have to go to work the next day
>you work to keep food in your stomach and a roof over your head
>someone who won the jackpot is buying a bentley, a house on the beach, 40 gold chains, a AP watch, probably going on a long vacation
>mfw I'm still poor
>What happens if it continues for weeks and nobody wins?
keeps getting higher
>Will the jackpot really keep going and going into the billions?
its already in the Billions
>Could it possibly get to 10 billion or more?
>Is there a stopping point?
theres a FINITE amount of number combinations, i think its 292,000,000
if they are ALL taken then someone has to win
this powerball 3/4's of the number combinations have been taken, so its a 1/4 chance that there will be no winner tommorow
I usually play one or two quick picks a week for either powerball or megamillions, regardless of jackpot size. I have a very firm understanding of my chances of winning, but I still feel like I get $4 worth of fun when I buy the tickets. It's a weird feeling, because I understand that I could daydream about having money even if I didn't buy the tickets, but it's still somehow enhanced by having them.
>bentley a shit
shittiest of taste lad
>wasting money on expensive cars
all you're doing is attracting unnecessary attention, fuck that. if i won i'd buy a small house with a shitty car and probably keep my job too. my rich life would be an absolute secret to everyone.
Do something cool and unusual with your money. For example, buy a BB gun. Get one of those robotics kits for kids, Go on a Lego buying spree, buy some random 1 dollar items from Amazon, get a pogo stick, buy some pizza and share it with your neighbors, get some roller skates, get a kiddie pool, order some 3D printed stuff, etc.
Assuming I win the powerball tomorrow and the lump sum is $900 million dollars, can I avoid paying taxes on that amount by instead claiming my prize entirely in powerball tickets?
>Get a nice cozy place in a nice neighborhood. >Pay off the $600,000 mortgage immediately.
>Invest in the highest security
>Fill house with all the latest electronics
>Have food delivered to house
>use money to buy favor from people I admire
>live comfortably for the rest of my life
Is there a greater dream?
Convert it all into pennies. Construct a house of pennies, with penny furniture, and live in it.
Spend my free time standing on various bridges across the world, tossing pennies at cars down below.
Pay for EVERYTHING with pennies.
Savor every moment as people from my past beg for money as I pretend to ignore them.
>talk to family about what they would do with different split amounts since they have jobs.
>Everytime I bring up wanting just enough to exist(if they got 25mil I just want 3) they laugh at me saying "why should you get anything when youre NEET"
> "Well what about you Anon, how much are you giving us?"
>Start listing amounts out of common courtesy some are lower than others
> Sis starts to whine "why do I get less?"
Why are normies this obliviously to their own greed?
>There are people that will win this money and get anything other than a sensible yet good looking car like the Toyota Camry.
Fuck this gay Earth.
At least do something fun with it and give some money away in a roll thread
its pronounced "sunday vehicle" typically reserved for driving on sundays. there are fucking doctors and lawyers who drive bentleys everyday, you attract attention when you make it obvious that you have alot of money whilst driving that luxury vehicle
If you win a billion dollars at Powerball they're going to plaster your face all over the television anyway. It's not like you'll be able to keep it a secret. Even if you live in one of the few states that allows you to stay anonymous, media stalkers are still going to hunt your ass down.
He could always get tinted windows.
I'm in it for $40, 20 plays.
I never play, because I, too, consider it the stupid tax. I know it's a bad bet, but I figure it's a greater average return with the jackpot being so high, so I got in.
I would start gentrifying the fuck out of California and getting rid of the riff raff. I would buy up property, profit, buy up more property, etc. I would set up rental policies to encourage decent, productive people to stay, and degenerates to leave. I would also try to run for office and try to implement productive laws and get rid of leftist constriction laws that are ruining my state.
>greater average return
They literally made it twice as hard to win. Why do you think it got so high in the first place? Nobody has won the jackpot since the changes went into effect in October. You might win a couple of bucks. The odds of winning anything are 1 in 38.32, and that only gets you $4.
Just buy one ticket. $2 gets you a day or two of fantasy to enjoy and then when it's over you've only spent $2.
>overhear news on tv
>looks like the rivh are looking to get richer, because residents in beverly hills are buying tickets as well
I DESERVE THIS MONEY FUCK THEM, THEY'RE ALREADY RICH ENOUGH AS IT IS GREEDY BASTARDS
I'm not talking about the new rules, I'm talking about since the new rules.
It's a greater average return now that the jackpot is so high because you have the potential to win more per play.
Rich people probably win as much as poor people. It's more about "winning" something with such little odds than it is about the money. I really, really hope a regular not-rich person wins.
The jackpot is so high precisely because nobody is winning it. You have better odds of getting hit by lightning four times.
Rich people don't play the lotto generally other than at times like this when the jackpot is so high. Overwhelmingly it's the poorest people who play the most, and they play regularly. Wealthier people play for fun, but the poor play out of desperation hoping to turn their life around with a jackpot. The worse the economy gets, the more people play and during the recession at least half of lotto states broke sales records.
You can stop buying junk food/soda for a year and you'd still spend way less money on powerball tickets. There's nothing stupid about risking spare change for millions of dollars. It's more stupid to completely opt out of the chance to win it.
>tfw last time I bought a bunch of tickets, foolishly let myself get excited even though I knew the impossible odds, and then wound up crashing and feeling even worse about my life after I didn't win
>tfw I'm going to do it all again tomorrow
I'm a fucking idiot for fooling myself into thinking there is any escape from the hell that is my life not only once, but TWO TIMES.
WHY DO I STILL HAVE HOPE?
Why play now with such awful odds of winning? After a certain point, the difference in winnings doesn't matter. The difference between 50mil and 1.4bil is negligible to me anyway in terms of how much it'd change my life.
It's more like completely opt out of spending $2 for an average of 25 cents return.
Why so defensive? Am I attacking your lifestyle? heh. You need to relax. I've already conceded my own stupidity by playing.
I always suspect that the many, many people that can avoid getting their faces plastered on the news after winning the lottery are the rich ones. Poor people are ALWAYS in the spotlight when they win. Like who were the other two lottery winners that won with Marie Holmes (single mother of 4 kids with fast food jobs)? They were never mentioned. One is somehow listed as anonymous and the other lists his business name.
Just because I disagree with any of it being stupid. Most people understand the odds when it comes to gambling but also understand that the only way to ensure they never win is by never playing.
>le stupid tax
Fuck off normie redditor. You're worse than youtubers.
Someone else posted that the jackpot would have to be over $2.1 for that to be economically viable, because over the taxes on the winnings. And then it would be infeasible to attempt to physically buy that many tickets, so you'd have to pay an army to do it for you. And if someone else wins, you just lost $1B
Well there are nearly 300,000,000 combinations x$2 would be a horrible investment. And that's not a guarantee that all combinations will be produced. Last drawing saw over a billion dollars in sales but only 75% of possible combinations printed.
>how rich and famous people handle their money
Most of their wealth is invested in many different assets. It could be real estate, ETFs, whatever. Usually if you're uber rich you have someone who handles all of your money for you, and you've got cash available to you along with money invested across several investment vehicles. If you ever need more than you have immediately available you just call up your money guy and tell them how much you need and they'll liquidate what's necessary to come up with the funds.
The poor people either want the 15 minutes as part of their winning or simply don't know how to avoid it in the first place. If you have wealth, you're more likely to either have the resources to set up a trust or LLC or whatever, or you have access to people that can do that for you.
>powerball is $2 per play
>the company intentionally made the odds longer for jackpots like this
fuck that noise, I play super lotto plus in my state
as long as you aren't a complete dumbass even 5 million is enough to live out some comfy NEET years
Sure would be cool to win. If I won I would just claim the money, and get the fuck out. I'd give a couple people some money, but I'd also do a bit of bragging to the cunts from my past.
How would you keep your entire personal life, every fragment of what everyone said, heard, or thought about you, instantly becoming news media fodder? Every porn site you browsed, every weird thing you ever bought, every awkward sentence you uttered in front of a girl resulting in her laughing in your face, all laid bare.
How would you feel about having zero privacy?
It's all rigged anyways. The only reason the Jackpot is so high is to keep the media buzz on the jackpot amount and not that Powerball's head of security is on trial right now for rigging the lottery and collecting $16Mil on tickets he set to win in like 4 states
haha, more like 1 million mate.
average gdp in america is like what, 50k? and they're living comfy enough, take 20 years to make 1 million. if you invest wisely you can do support a incredibly comfy life style for ever.
Just be sure to bring cash. I bought my first ticket today and found out they don't take credit or debit cards.
Trust me, the absolute dregs and scum of society go to convenience stores to buy lotto tickets. You're not the worst she's ever seen.
Only a day left and I'm seriously about to crack.
I've never bought into any sort of lottery before. Someone convince me not to buy a ticket before I cave.
>posting your actual numbers.
inb4 several robots play the same numbers and they all split the jackpot
I fell into the meme and bought 3 tickets. I know I'm going to lose but it's fun to dream and spending 6 bucks for a enjoying a fantasy and a legitimate chance at winning small as it may be... not the worst 6 bucks I ever spent.
That is the beauty of the lottery, it does not discriminate. Anyone can win. Rich, poor, black, or robot. If I win, ill make sure I use the lyrics from this song to show I won, maybe even play this song.
>don't even fantasize about what do with the money
>just fantasize about the act of winning
>post photo of winning ticket on /r9k/
>don't reveal self
>news normies crawling through 4chan trying to find clues to identity
>hundreds of millions of normie dreams cry out and and are cucked
Still wouldn't be able to have any normal human relationships, but $500M can buy a much comfier basement.
well desu its not for everyone. Some people would be genuinely happier as wagecucks for live than to even win $3 million, but $1.5 billion over 29 years, or $950mil up front, I venture to say it would wreck most people. If I am the only jackpot winner I would take the annuities because its far less risky than rushing to assemble a plan to manage that much money on my own, and is more than enough to live in luxury several lifetimes, and I would want to invest/donate it in a way that actually improves quality of life, health and happiness for people and the planet. (Not throwing money at problems caused by the staus quo and it ultimately paying for more pharmaceuticals, GMO food and overpopulation)
I'm sure these are legitimate concerns, but I can't help but think this is just a way to rationalize our poor odds of winning.
Well over a billion dollars were spent last drawing with no winners. 50 million wouldn't guarantee shit.
because of how much time and labor would be needed to fill these out with every single number combination and buy the actual tickets
>taking the annuities
>letting other people invest the money
>The Royal Bank of Scotland is telling all of it's clients to literally sell everything and get out of the stock market
>JP Morgan is literally buying all of the physical silver it can
>He still wants to invest it.
forgot exactly what the process is, but the annuities are invested in government securities and interest is not taxable like if you invested the money yourself.
Furthermore, there are 2 occasions when you should absolutely take the annuity over the lump sum. The first being if the jackpot is so small that the annuity payments would be in a lower tax bracket, like if I buy a super lotto ticket tomorrow and win the $7 million jackpot or half of it. The other situation is when the jackpot is so ridiculously huge that the first annuity payment alone will financially liberate you for life, and having it all right away is actually more detrimental to your long term financial stability and quality of life than if you take it on gradually, and have a practically guaranteed increasing annual income for the next 29 years.
Even so, you could still have your own reality dating TV show
I am glad wealthier people are playing. That means that they are contributing alot of money to the pot. The jackpot could go to anyone including crack smoking Jamal or Elliot the Robot.
The drug overdoses may not have necessarily been a result of his actions, but the gambling and strip club and fraud stuff was all his stupidity.
>tfw Donald Trump buys a ticket as a joke and wins.