Ontario lottery (lotto 649) is having this promotion where you can take either 1.5million lump sum or 100k per year for life.
Ontario lottery (lotto 649) is having this promotion where you can take either 1.5million lump sum or 100k per year for life.
100k per year you moran.
Guess, maybe, it might depend on your age... herpulon
if you are 80 then maybe take the 1.5. 100k is the better deal tho.
you stupid, bro?
inb4 all the "market savvy" miscers claim that they could make $100 million out of 1.5 mil.
$100K/year, without a doubt.
1.5M lmao. Brb, making 75-150k per year in dividends off that anyways while having the added bonus of 1.5M.
if your a good investor.. take 1.5mil.. invest it all.. make 7% interest a year... exponential growth.. more money in the end
1.5m
^^invest the part of the $100k each year, even better.
I might have a good 55-60 years left on me...ill take the $100k/year
i fear the lottery people may want you killed if you took the second option.
[QUOTE=Theocritus;765598463]100k per year you moran.[/QUOTE]
Lol that.. Someone missed math class
[QUOTE=BillTheBro;765599483]if your a good investor.. take 1.5mil.. invest it all.. make 7% interest a year... exponential growth.. more money in the end[/QUOTE]
The funny thing is you don't even need to be a great investor to get 7% dividends/returns. and 7% of 1.5M is 105k, so you'd be making more than 100k a year anyways.
100k a year easily.
I'd take the 1.5 mil...if:
1. I were old and had no chance of living out 15+ years.
2. If I had extremely bad debt exceeding the 100k a year for life.
3. If I wanted to change my identity and flee the country from annoying so called "Friends and family" who would appear out of nowhere to get a piece of the action.
Yes you could survive on 1.5 mil, if you were to move to a lesser developed country, you could live out the rest of your days like a king.
In my circumstances, I'd take the 100k a year though. It would give me more motivation to stay fit.
[quote=cannadian;765599433]1.5m lmao. Brb, making 75-150k per year in dividends off that anyways while having the added bonus of 1.5m.[/quote]
sweet 10% dividends a year!!! Congratulations, you just broke banking.
[QUOTE=Zerafian;765600053]^^invest the part of the $100k each year, even better.
I might have a good 55-60 years left on me...ill take the $100k/year[/QUOTE]
The thing is, if you invest 1.5M you'll be making more than 100k per year right from the get go. So year 1 you'll get the 1.5M and 100k, and continue to get 100k ON TOP of the 1.5M
lol at miscers.
[QUOTE=midniteOG;765600273]Lol that.. Someone missed math class[/QUOTE]
Someone missed finance class.
l[B]ol @ assuming people that play the lotto would not blow the majority of that 1.5mil within 1 year.[/B]
100k/yr
[QUOTE=MrNippers;765601313]sweet 10% dividends a year!!! Congratulations, you just broke banking.[/QUOTE]
1. The stock market, on average, increases in value 10% a year.
2. Way to take the higher number, 75k a year would be 5% dividends - you can go buy some solid MRK right now and make that.
3. Most preferred stock pays 7-11% dividends.
Rather take the 1.5mil. Since you live in Canada & assuming the economy isn't failing the 100k sounds decent. 100k after taxes though right?
[QUOTE=mm44;765599013]inb4 all the "market savvy" miscers claim that they could make $100 million out of 1.5 mil.
$100K/year, without a doubt.[/QUOTE]put the 100k each year into long term dividend stocks and keep stacking over the years. you'd be megaballin eventually
[QUOTE=cannadian;765602393]1. The stock market, on average, increases in value 10% a year.
2. Way to take the higher number, 75k a year would be 5% dividends - you can go buy some solid MRK right now and make that.
3. Most preferred stock pays 7-11% dividends.[/QUOTE]
what kind of stocks have 11% dividends. that's fukkin unheard of.
100k in 10 years will be like having 50k in purchasing power so 1.5m now
Lol at miscers expecting 7-10% return with no risk + taxes. Enjoy your 3-4% yield on bonds that barely beats inflation with the 1.5 million if you are aiming for risk free investments. Too lazy to crunch the numbers but 100 k/life just makes things less stressful in the long run even if it may not be the most efficient if you factor in time value of money.
[QUOTE=cannadian;765601473]
Someone missed finance class.[/QUOTE]
notsureifsrs
Annual returns of 5% are the historic high
[QUOTE=Theocritus;765598463]100k per year you moran.[/QUOTE]
yea what this person said ya dig
$1.5 mil because of the time-value of money and the investment opportunities. You could make a hell of a lot more in 1 year off of 1.5 mill then you could off of 100k.
Anyone that's taken a basic finance class should know that.
ANy of you ruhtards ever take a finance class? This is a PV question.
PV of 1.5 million today = 1.5 million
PV of 100k per year for 30 yrs @ 4% annual return = 1.729 million
If you don't think you will live for 30 yrs take the 1.5 mil. I also used a low expected return because bond rates are so low now.
Would the governement take half of the 1.5 million like they do in the US?
[QUOTE=cannadian;765602393]1. The stock market, on average, increases in value 10% a year.
2. Way to take the higher number, 75k a year would be 5% dividends - you can go buy some solid MRK right now and make that.
3. Most preferred stock pays 7-11% dividends.[/QUOTE]
Please for the love baby Jesus Christ tell me you are not an investor, LOL
[QUOTE=Aesthetics93;765602413]Rather take the 1.5mil. Since you live in Canada & assuming the economy isn't failing the 100k sounds decent. 100k after taxes though right?[/QUOTE]
I take the 100k anyday