if you won the lottery

[chevyjaxon]

What would you do?
for me the answer is easy i would travel the world as soon as one place got old i would get on a plane boat or whatever and see where the wife and i wind up:mrgreen:

:question:now what would YOU do??

[michika]

Pay off everything, spread a little bit around, make a donation to the human society in the name of my rescued dogs, talk to a financial advisor & save a bunch of it, travel, and then go back to work.

Although right now I am going to go and buy a ticket...

[Parker]

A reapeating cycle of getting hired and seeing how long it takes me to get fired.. a guys got to keep busy or bordum will set in. :lol:

[lorenz0]

build a house, donate some to different needs, and just get a stupid job thats easy where i don't care about the money.

[hillbillyreefer]

I'd spend half on women and b__w. The other half I'd just waste.

JK.

Pay off the mortgage. Tell off banker at the same time. Fix up my house, build a multi thousand gallon tank. Invest the rest in something, or maybe just put it under the mattress.

[parkinsn]

Travel to every bank machine i could find and take out $20 and leave the printed receipt in the machine for the next person to see my balance.... All the while my new house and tank are being built.

[Flash]

take care of family, buy a few properties around the world... take my parents on a vacation... then leave them and travel the world to see my new properties....make a couple donations.... get a big big tank and pay someone to come clean it so all I have to do is look at it! lol! invest a bunch..and then go back to work...OR.. start my own business... goalie equipment and reptiles! lol! great combo!

[toxic111]

Depends on how much I won...

If enough, buy a couple airplanes, and fly my family around the world. Spend a couple months in Africa.

If not enough, just the usual, build my house on the farm, buy some cars, and probably still buy myself a small airplane (on floats so I can get to those Northern lakes)

[Lydia]

I'd immediately print off instructions on how to feed my tanks, hand it to my neighbour, and then pack up my family and fly to Hawaii. While sitting on a beach, we would decide what to do with our winnings.... ;)

[michika]

Travel to every bank machine i could find and take out $20 and leave the printed receipt in the machine for the next person to see my balance.... All the while my new house and tank are being built.


:lol::mrgreen::lol::mrgreen::lol::mrgreen::lol:

I picked up my tickets this morning!

[karazy]

i'd just put it in a bank account with atleast a 1% interest rate.

that way even if it's only 1 million that's 10,000 bucks a month :)

or a more fun approach..
buy my dad a new house
buy my mom a new house
give my brother money
and ofcourse....

open my own public aquarium.. :P

[BlueAbyss]

I would:

1. Pay off all my bills, and my family's bills.
2. Quit my job and buy some forest locally. Build a cabin by a lake on said property.
3. Open a restaurant. Containing 5000 gallons of saltwater. :surprise:
4. Buy some old growth forest on the coast.
5. Buy some not so old growth forest on the other (east) coast. Don't worry, it will be old growth eventually...
6. Buy some undisturbed grassland on the prairies. Well, sorta undisturbed.
7. Buy some forest in ON or QC. The Carolinian kind, I think.
8. Proclaim them all my personal eco-paradises and leave them be. Well, except for some research projects, probably some replanting of natives and management of foreign species, that sort of thing. Eventually culminating in small eco-tourism mini-resorts.

Hmm now that I think about I'd probably stop at number 4 and be happy. :lol:

[Bryan]

Hmm, that's $10K a year not a month.

i'd just put it in a bank account with atleast a 1% interest rate.

that way even if it's only 1 million that's 10,000 bucks a month :)

[karazy]

woops!

then i'd go with option B :P

[BlueAbyss]

woops!

then i'd go with option B :P

There was an option B? :lol: Oh is that the one where one of us actually wins? :wink:

[chevyjaxon]

we should start a lottery pool:mrgreen:

[Lydia]

I buy tickets, but not too often. And they can go months without me checking them. About 6 years ago, the couple in the house TWO DOORS DOWN from me, same style of house even, won $3.75 million. What are the odds that I'll ever win? LOL

They moved, of course ;) But they are good people - everyone was really happy for them :)

[Cameron]

Invest all of it, in what I'm already invested in....with a nice 20% yeild at the moment. Live off the div's.

[michika]

One of my tickets was a winner, winner of a free ticket that is!

[Delphinus]

20% yield, wouldn't that be nice. :) Beats the -25% that seems to be more standard these days!!! I'll settle for a 2% yield nowadays! Heck, 0% would be better!! For crying out loud. :(

[Murminator]

Keep workin at my same lame A$$ job.....























....Yeah right :razz:

[Cameron]

20% yield, wouldn't that be nice. :) Beats the -25% that seems to be more standard these days!!! I'll settle for a 2% yield nowadays! Heck, 0% would be better!! For crying out loud. :(

Here's an example:

Say you bought 100 shares of company ABC for $14. You could then write a covered call option, a month out, with a strike price of $15, and receive a premium of .70 per share.

A few things can happen.
At strike date:

You get assigned on or before, and make $1 per share, plus the .70/share option premium, 1.70, on $14, in a month. Annualized return: 145%

You don't get assigned, meaning you keep the premium and still own the shares. $.70 per share on $14 and still own the shares. Annualized return: 60%

Share price goes down to $12, you can buy back the option you wrote for $.10/share, you still own the stock, and have made $.60/share. Annualized return: 51%.

If it is a company you like then it should go up eventually.

Disclaimer: Options are not for the weak at heart. This is not a recommendation, just an example of what could happen.

[Delphinus]

Yeah, that "could" happen. But my point was that you can't just go out and get a 20% yield. Luck is a big factor.

You could win a lottery for example, pay off some debt, maybe buy a car because your current one is a clunker, and use the excess to say catch up on some badly behind RRSP's and invest the rest in some investment scheme of your favour ... and then watch as it disappears at 20% to 25% just like everyone else's savings are disappearing.

Just sayin' ... Your mileage may vary, but I'm just sayin' ... that's all.

[Lydia]

There's always Kiva to invest your money in - you put money in, you choose who to lend it to, they pay it back, you take your money out (or re-lend). 100% of what you put in. I've been 'investing' money like this for almost 2 years. You make no financial interest, but it feels good to help someone out, and it's doing better than the market by far - LOL