If you won the Mega Millions would you take the lump sum or the payout?

[shutterguy]

Lump

 

[Slow Moving]

40 million a year.

There is no reason for me not to take this option. Over 25 years it would add up to 1 billion.

Is there an investment that would guarantee the 500 million would be worth 1 billion in 25 years time? There might be, this is a genuine question.

Anyway, 40 million a year is not going to hurt me. It is already more money than I need in life time. It would give me enough money to live a very comfortable lifestyle and enough time to learn how to manage my money.

1. Your not gonna get 40 million every year first you'll probably start with 10 million and every yr the amount given to u is increased by 5%.
2. In 30 years due to inflation your 1 billion would be worth the same as the lump som is worth now.
3.if you invest in spy/qqq your money will double every 7-13 years potentially becoming multi billionaire in 30 yrs.

 

[Umoja]

1. Your not gonna get 40 million every year first you'll probably start with 10 million and every yr the amount given to u is increased by 5%.
2. In 30 years due to inflation your 1 billion would be worth the same as the lump som is worth now.
3.if you invest in spy/qqq your money will double every 7-13 years potentially becoming multi billionaire in 30 yrs.

That's not what is said in the OP.

 

[old pig]

*post deleted*

 

[RennisDeynolds]

Time value of money
Yesterday's price is not today's price

another complete bullshyt economic principle that doesnt work out in real life

 

[Genome]

Lump sum. That's Jaylen Brown money after taxes

 

[ORDER_66]

Lump sum

 

[blockburna420]

I'm black and I moved back to the hood

 

[WaveWhisperer]

Lump sum, then disappear

 

[NotAnFBIagent]

another complete bullshyt economic principle that doesnt work out in real life

Imma hear you out before I insult you. All ears...

 

[RennisDeynolds]

Imma hear you out before I insult you. All ears...

when i first learned about it the question was posed - would you rather 1 million today or 5 million a year from now.

there is absolutely no guarantee you will invest and grow that money at the right rates.

 

[NotAnFBIagent]

when i first learned about it the question was posed - would you rather 1 million today or 5 million a year from now.

there is absolutely no guarantee you will invest and grow that money at the right rates.

Well yeah one million to 5 million in a year isn't realistic but that's not what the time value of money is.

 

[IsThatBrothaMouzone?]

Take the lump sum. No guarantees on future tax burden. Interest rates are high so you can play it conservative and get good returns with some of the banks.