Who /powerball/ here? Anyone else play? >tfw drop 200/month

Good investment bro

>>1932639
This belongs in the "things that keep people poor" thread.

No matter how you spin it buying lottery tickets isn't an investment.

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>>1932639

Did you drive across state to buy them?

Good luck OP

>>1932639
1M
>pay 500K in taxes
>retire with 20K a year to spend
25M
>pay 12.5M taxes
>retire with 500K a year to spend

With the 500K a year I might hire a few developers and try to start a company if I get a good idea otherwise spend it on lifestyle.

>>1933407
I read somewhere all large powerball winnings are taxed 25% right there and we get the rest.

Will the remainder still be taxable?

Also nice plan. Whatever cash I do get I would put at least 70% in some fund to let it grow and use the rest for a new car/apartment/vacation etc

>>1932639
>tfw drop 200/month on tickets

Just think, you could save $200 per month by not being an idiot.

>>1932639
poor americans... The Eurojackpot is 72 million Euro this week. Get on our level!
With my country's taxes it's still over 61 million.

What will I do with it?
Buy a big apartment in my city (~$500k), move there and invite my close friends for a party and tell them something how I got a big inheritance or something. Visit a financial counsellor as soon as I can and invest it in a semi-conservative diversified portfolio. (Also buy Bitcoin and gold coins for like max $1 million in case of a /financial/ apocalypse).
Just enjoying the feeling of having wealth and getting used to it for a few months, maybe I will travel to a some close country for a few weeks. Taking my parents for a holiday to the beach, etc.
Then as I get bored I will found a company, primarily for financial (tax) reasons and manage my expenses through that. I'm thinking about something tech or marketing related company with only a few employees. I might move to the French riviera or Switzerland later if my country goes full retard and when I see how much I can spend exactly in a year.

Would it be better to take the annuity or the lump sum?

>>1933976
lump sum
You can invest it immediately and it goes where you want when you die

Yes I fucken love it, I don't spend that much though, maybe 500 a year on a few big tickets with mates

>>1933549
$200/month into a roth IRA and he'd be a millionaire at 62 assuming he doesn't die of cheetohs and dr pepper consumption

>>1933769
>bragging about a jackpot you wouldn't even win
That just means more idiots there wasted money on the lottery then idiots here for the week.

>tfw I'm feeling lucky and buy a 20$ scratcher
>tfw I lose 20$ on literally nothing

I had a bad day that day