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Originally posted by morphius
It shows that she will probably not invest the money, she is young and a better plan for a inexperienced person is to take the long term, limiting her spending............First By investing the money will be worth more in the future so it is unwise to spend it now, and she will be losing about 60%by taking it in a lump some, and you seem to be missing the point because the bank will only usually insure 100,000 dollars in a cd, imaging putting 5 million, or even higher 50 million this is not only hard, but unmanageable, and you can put the money in long term if you absolutely have to. Just waiting to tell you.............I respect your answer though....
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This is the post you're so proud of. I read it a long time ago and I didn't respond because most of it makes no sense and what little that does adds little to the discussion. More importantly, you have given no indication that you have even read, never mind tried to understand, the various points I have made. You simply contend that she should take the money in installments while citing reasons for doing so that don't make any sense.
First 2 sentences: Is she going to invest it or isn't she? If she doesn't take the lump sum, she can't invest what the lottery is holding onto. The lottery isn't investing it for her. They're taking a little itty bitty piece of money and investing it will grow into the 1/20th or 1/40th of her prize they will owe her when it is due.
What does bank insurance have to do with anything?
My bank account/certificate of deposit illustration was just made to show that even the most pathetic invesment vehicle will earn you pots of money when you have $50 million to invest. She should actually buy stocks, bonds, mutual funds, in the hopes of earning 10% or better.
"it is unwise to spend it now" Sure it is, but she's not going to spend $50 million all in one place. A really, really, really nice car can be had for a few 10s of thousands.
I could address more individual aspects of this post, but it would be pointless, because you will be back here telling me how dreadfully wrong and misinformed I am.
This is my last serious response to you, morphius. If you are just a young kid who's too ignorant to understand how little you understand about the world, who has learned a few big words and has a hankering to philosophize, than I am sorry that I have been hostile and belittling to you. But you have to learn to shut up and soak up a little of your surroundings before you start spouting off about this and that. Right now you don't make any sense. If you are an adult or close to being an adult, then I pity you.
The bottom line, however, is that you have made it abundantly clear that you are not equipped to carry on a logical discussion about any of the topics that you have ventured into over the last day and a half. So, I am finished responding to you.
