Re: Investment advice

CobraBoy (
Wed, 8 Apr 1998 15:51:28 -0700

At 3:02 PM -0700 4/8/98, Joachim Feise came up with the following:

> CobraBoy wrote:
> >
> > The California Lotto is up to $90 million. When I purchased my winning
> > QuickPick they asked if I wanted payments or one lump sum. I picked one
> > lump.
> So you are happy to give the IRS half of your winnings?
> -JoeF

Well figuring they get half. That leaves me $45m. Let's say take $10M to
get a nice house, boat etc. $15m goes into long term bond and say $20m to
Microsoft Stock. Over the course of 20 years (actually the Calif lottery
now pays over 26 years) I believe (and believe is the operative word here)
I would come out ahead.

Of course I've never actually researched this before, that is why I was
asking out of curiosity what some of the savvy investors on the list would



Go sell crazy somewhere else, we're full up here. ...Nicholson

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