What if you won the lottery?

[Doobs789]

Pay my tax bill. Put $150MM in a fund. The remainder for living expenses/RE/guns/prepping.

Prepping?...you gonna put $10MM in Jim Bakker food buckets ha

 

[samuel11]

I put it all on tsla calls

 

[destriero]

Prepping?...you gonna put $10MM in Jim Bakker food buckets ha

Buy an island and build it out. Like Mosquito Coast.

 

[ironchef]

Scenario 1: You win $200M in the lottery after taxes. You keep $20M for yourself, and donate $180M to charity.

Scenario 2: You win $200M in the lottery after taxes. You keep a small amount for yourself, and invest the rest. You trend follow the market for an average annual return of 10-15%. You funnel your tax burden every year to the charities of your choice. After a couple decades you're a billionaire, and you're able to donate over $100M to charity every single year.

I would love the challenge of building a large account, but the biggest reason I would take this path is because I feel like it would make an exponentially larger impact on society over the long term than simply giving the money away.

It is a two edge sword: You could also lose it all if you trade.

 

[Doobs789]

Buy an island and build it out. Like Mosquito Coast.

I'd buy an A&M Goodman...oh wait

 

[ironchef]

Buy an island and build it out. Like Mosquito Coast.

You are there, almost there already?

 

[clockwork71]

Only the truly foolish would trade it. At that point, you invest. Also, real estate would become part of my world. With those big numbers, it take a lot less to make money. Also, at that point you begin to think about generational wealth as well. Completely different game than the gambling we are doing here.