Because It's Fun To Dream
By Jim Bauer
@porwest (107528)
United States
April 15, 2022 7:32pm CST
Hmm. So, the Powerball for Saturday the 16th of April is set at a current jackpot of $325 million. So, what would I do?
Invest most of it of course.
After taxes I would receive roughly $97.5 million.
I would take $2 million right off the top and use it for whatever I wanted. You know, sort of "get it out of my system."
In the meantime $10 million would be put into QYLD which closed today at $20.59 per share and offers a monthly dividend of 0.2097 per share. That would give me roughly 485,672 shares on which I would earn $101,845.41 per month. I would take that as a monthly salary.
The rest of the $85.5 million would also be invested, with an expected return of at least 6%, giving me another $5,130,000 per year.
All I can say is that I think at this point money would just be a given. What would you do with this kind of money?
9 people like this
9 responses
@LindaOHio (200860)
• United States
16 Apr 22
Buy a house on a canal in the Keys and a boat, give a couple mil to charities. I doubt that we would invest anything. That would be enough money to live out our lives. We don't have a lot of time left.
1 person likes this
@LindaOHio (200860)
• United States
7 Sep
@porwest It makes me sad when I read these old comments that included my husband.
1 person likes this
@porwest (107528)
• United States
7 Sep
@LindaOHio I am sure it does. But it should also bring back some good memories. Those are what you have left to cherish most.
1 person likes this
@porwest (107528)
• United States
6 Sep
I do have to admit, when jackpots get high enough the older I get, the less I am looking at the back end and the more I am concerned about the front end. Still, with the current jackpot I'd take in about $30 million a year from dividends and interest, and that would be hard to simply pass up. Besides, I LOVE investing.
1 person likes this
@kaylachan (79499)
• Daytona Beach, Florida
16 Apr 22
That's one huge jackpot. What a lot of cash. You'd be set for life.
1 person likes this
@kaylachan (79499)
• Daytona Beach, Florida
16 Apr 22
@porwest No. I don't. I might ask George to pick one up though. It should be fun.
1 person likes this
@porwest (107528)
• United States
17 Apr 22
@kaylachan Yeah, I mean, it's only $2 hey? And now the jackpot is $348 million too.
1 person likes this
@Vikingswest1 (7450)
• United States
16 Apr 22
I already won 400 bucks on a scratch-off this month so I think I'll buy some Powerball tickets.
Everything I have is paid for. I don't want to travel so I would upgrade everything at home and give the house to my daughter.
I would then build a modest home in the middle of 40 acres adjacent to the National Forest in the Olympic Mountains.
I would gift money to all family members and donate to specific charities. The remainder would be invested for my kids inheritance.
Oh. I would buy old trucks and restore them too lol.
1 person likes this
@lovebuglena (47513)
• Staten Island, New York
16 Apr 22
Recently, hubby bought lotto scratch-offs. He got two of each so he could play and I could play. Whatever I won (it was a small amount) he didn't let me keep. That's not fair.
1 person likes this
@lovebuglena (47513)
• Staten Island, New York
6 Sep
@porwest At least he didn’t win big.
1 person likes this
@porwest (107528)
• United States
6 Sep
@lovebuglena lol. Very true. I am sure you would have expected a substantial cut.
1 person likes this
@Deepizzaguy (114109)
• Lake Charles, Louisiana
16 Apr 22
I would use the money to assist my relatives buy a new car and pay off all of the bills.
1 person likes this
@porwest (107528)
• United States
19 Apr 22
@CarolDM I think the local animal shelters do a pretty good job. There are SOME I find so well also like Tunnel to Towers. But I do a lot of research before I donate a penny. I am looking for a certain percentage of actual use of the money to the cause.
1 person likes this
@porwest (107528)
• United States
17 Apr 22
I used to be more charitable, but once I read most of the balance sheets from most charities I quickly discovered very little of every donated dollar actually goes to the cause, and they used to send me loads of free stuff which I did not want but that they kept sending anyway.
So I stopped donating.
I would still engage in charity, just a more direct method and more targeted specifically. I'd rather pay for someone's groceries or put a little gas in their car or help in some other direct way. I think it makes a bigger and better impact.
1 person likes this
@shaggin (74340)
• United States
16 Apr 22
Wow I can’t believe how much gets taken from tax. I would probably build a new house on the property instead of remodeling this one or just pay a really good team of carpenters to remodel the entire house.
@paigea (36219)
• Canada
16 Apr 22
I can't really imagine that kind of money. I'd get it all as lottery winnings are not taxed in Canada.
I guess I'd build our dream house in the mountains, Canmore Alberta. $2,000,000 should be plenty for that. New vehicles.
$1,000,000 for each of our 6 kids? $1,000,000 for each of our 12 grandkids?
Just round that up to $25,000,000 and I'll have to think about the other $300,000,000.
Is it enough to buy a hockey team?
Like I said, I can't really imagine it, but I know I would never be broke after winning big.
Is it enough to buy a hockey team?
Like I said, I can't really imagine it, but I know I would never be broke after winning big.
