Ontario lottery (lotto 649) is having this promotion where you can take either 1.5million lump sum or 100k per year for life.
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View Poll Results: ?
- Voters
- 336. You may not vote on this poll
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1.5million lump sum
72 21.43% -
100k per year for life
264 78.57%
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10-13-2011, 11:49 AM #1
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10-13-2011, 11:50 AM #2
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10-13-2011, 11:51 AM #3
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10-13-2011, 11:51 AM #4
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10-13-2011, 11:53 AM #9
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10-13-2011, 11:54 AM #10
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10-13-2011, 11:55 AM #13
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10-13-2011, 11:56 AM #14
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10-13-2011, 11:56 AM #15
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.
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10-13-2011, 11:56 AM #16
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10-13-2011, 11:57 AM #17
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10-13-2011, 11:58 AM #18
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10-13-2011, 11:59 AM #19
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10-13-2011, 11:59 AM #20
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10-13-2011, 11:59 AM #21"on the bech press i usually start off with 205 doing it 5 times then once i ad my usual extra 5 pounds on i can barely do it twice. How can i increase my chest cardio? so i can rep heavy weight easier" -dc1992hp
come by and check out my log. I'm racing to a 275x5 bench and 185x3 strict press with comps.
http://forum.bodybuilding.com/showthread.php?t=141680751
*** MISC Strength Crew ***
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10-13-2011, 12:00 PM #22
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10-13-2011, 12:00 PM #23
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.
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10-13-2011, 12:00 PM #24
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10-13-2011, 12:01 PM #25
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10-13-2011, 12:01 PM #26
- Join Date: Sep 2010
- Location: Florida, United States
- Age: 37
- Posts: 1,788
- Rep Power: 1878
$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.Quest to 2k
"Man can not remake himself without suffering, for he is both the marble and the sculptor"- Alexis Carrel
500+ Always
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10-13-2011, 12:01 PM #27
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.
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10-13-2011, 12:02 PM #28
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10-13-2011, 12:02 PM #29
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10-13-2011, 12:02 PM #30
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