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Say I win the lottery, ~200 million dollars, what are the first

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Say I win the lottery, ~200 million dollars, what are the first things I would do to build a long-term (as in multiple lifetimes) fortune and economic security to prevent Lottery Winners Syndrome (going broke fast).

Does it change with a much lower amount (1-5 million?)
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>>1719092
Hire people who know what they are doing with money
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>>1719095
This.

Already know a good lawyer and accountant. Set up the required trusts and companies to hold the capital and invest it broadly
>>
>>1719095
>>1719103
Whats the best way to stop shysters from being predatory on my new money? Like a lawyer who overcharges and such. What kind of intermediary would I set up to deal with cousins-cousins contacting me?
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>>1719106
That where you need to already have a good lawyer and accountant. Not sure how to insulate yourself from fucktards, but there is probably a specialist who does that sort of thing if you cant keep your mouth shut
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>>1719109
>there is probably a specialist who does that sort of thing if you cant keep your mouth shut
Actually state by state it varies, some states allow lottery companies to identify you publicly in order to collect the prize. Not every state allows you to collect anonymously.
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>>1719109
>probably a specialist
Thats actually what I was looking for ITT, identifying specialists for the future.
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>>1719092
>what are the first things I would do not to go broke after winning 200 million dollars
You can stop being retarded, for instance.
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>>1719117
Of corsh, I don't *anticipate* to lose it all, I'm just saying if it were ever to happen I want to have a robust economic security plan.
>>
>>1719109
>>1719113
>win the money
>rent a yacht
>cut contact with anyone who knew you before you won the lottery
>sail the ocean for a few months while snorting cocaine, partying and fucking models on a daily
>come back home
>people have already forgotten about you
Or
>just move to another country/state
Or both
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>>1719092

If you AREN'T going to get a professional to do the work for you.

First, put aside HALF of the money. Half of that money is going to taxes. They don't fucking warn you that that shit is taxable so you can fuck yourself good.

Second, buy a CHEAP but well built home. You want a new furnace, new roof, etc.

Put aside $200,000 as maintenance for the house. You'll need more, but $200K should keep your house up for you for a good twenty years, maybe even your life, depending on what you end up needing.

Invest at least $1 million in low risk stocks and bonds.

Make the maximum payable investment into whatever sort of retirement account you qualify for.

Keep working unless you hate working; a job history can open doors to getting you into a 'dream job' if you want to pursue that. Feel free to cut back hours, though; you're working for employment history not for money, really.

With a much lower amount, you get less wriggle room, but you still get fucked on taxes.
>>
>>1719141
>First, put aside HALF of the money. Half of that money is going to taxes. They don't fucking warn you that that shit is taxable so you can fuck yourself good.
So one fourth of the money is going to be taxed or one half?
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>>1719151

50% of your lottery winnings are going to the government.
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>>1719156
Reeeee
>>
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>>1719092
>prevent Lottery Winners Syndrome (going broke fast).
stop thinking about yourself

first step is to share money with fellow /biz/ brothers (0.5% for each unique tripcode) then invite us to the party, after you can start thinking of not going broke
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>>1719179
>a /biz/ party

God, I would love to see just a glimpse of how space-time might bend at the gathering of so many autistic virgins huddling together in a corner and pretending they know anything about business at all.
>>
>>1719181
well, we can use his funds then to promote our political agenda, so there would be less virgins in the future and only autists with super abilities would be allowed
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>>1719092
Assuming you get 200 after taxes:
50 Million into real estate
120 Million into 5-8 different investment fonds
20 Million for various IT start-up investments

Leave rest in 3 different banks for spending spree
>>
1/3 in domestic index ETF
1/3 in foreign index ETF
1/3 in bonds ETF
That is all
>>
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>>1719106
something something fiduciary duty
>>
build a company based on your own provision.

don't get swayed off by startup dickheads that want to pull you down with their shit ideas
>>
>>1719092

First thing you'll need to do is wire 80% of it to me directly. From there I will personally guarantee a 100% return on investment within one year's time. PM me to get started today!
Thread posts: 22
Thread images: 3


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