Mega Millions $640 Million

• I Wear Pants

  sleeper;1131975 wrote:IWP, never go into financial modeling. That may be one of the worst I've ever seen.

  What? That isn't a model, those are the numbers you'd make after taxes.
  
  I'm not stating you should take the annuity since that'd be very stupid. I was just showing what the take home would be.
  

  queencitybuckeye;1132004 wrote:Unless you're planning on spending every dime as soon as you get it, you're kind of missing a big part of the calculation (return on the money you invest). I did an analysis based on the assumption of spending $3 million per year and investing the rest. The lump sum "won" by several hundred million over the 26 years.

  Of course. I wasn't intending that to mean people should take the annuity, merely show what the amounts actually would be after taxes. The lump sum would definitely be the way to go.
• sleeper

  

  I Wear Pants;1132055 wrote:What? That isn't a model, those are the numbers you'd make after taxes.
  
  I'm not stating you should take the annuity since that'd be very stupid. I was just showing what the take home would be.

  No shit it isn't a model.
• I Wear Pants

  sleeper;1132059 wrote:No shit it isn't a model.

  You're the only one who ever said it was jackass.
• gut

  justincredible;1132041 wrote:Good point. Do a bunch of smaller hunts. Like $5-10k each.

  There may actually be a legit business idea there. The logistics and administration are hardly a no-brainer, which is probably why companies don't do it more. But if you could become like the Amazon of scavenger hunt, you could get lots of free stuff from companies to give away. Some of the bigger ones, down the road, could actually drive tourism dollars to various cities and so forth. The tie-ins are almost limitless. A twist on the old experiential marketing ploy. But the execution would be more than daunting.
  
  I know VZW did this with launch of a few of their phones. Or maybe it was Moto. Had hints on twitter but it was pretty ridiculous.
  
  Actually sort of like what Groupon does, except you have to work for it or it has a game aspect to it.
• sleeper

  

  I Wear Pants;1132060 wrote:You're the only one who ever said it was jackass.

  I just said don't go into financial modeling, which is great life advice.
  
  Damn, everyone is testy this afternoon.
• I Wear Pants

  sleeper;1132069 wrote:I just said don't go into financial modeling, which is great life advice.
  
  Damn, everyone is testy this afternoon.

  Because you misunderstood what I had posted which was just a breakdown of the after tax take, not an estimate of earnings from investments or anything.
  
  Don't go into any field that requires you to be able to read, which is great life advice.
• sleeper

  

  I Wear Pants;1132072 wrote:Because you misunderstood what I had posted which was just a breakdown of the after tax take, not an estimate of earnings from investments or anything.
  
  Don't go into any field that requires you to be able to read, which is great life advice.

  The only thing I can read is the amount of 0's after a number in my bank account. Book it!
• WebFire

  I spent $10 on tickets. Not sure if my kids can eat next week now. Shit.
• sleeper

  

  WebFire;1132078 wrote:I spent $10 on tickets. Not sure if my kids can eat next week now. Shit.

  They make food stamps for that.
• I Wear Pants

  sleeper;1132076 wrote:The only thing I can read is the amount of 0's after a number in my bank account. Book it!

  So you can only read two characters then, good for you. Makes sense that you'd be a burger flipper.
• justincredible

  

  gut;1132062 wrote:There may actually be a legit business idea there. The logistics and administration are hardly a no-brainer, which is probably why companies don't do it more. But if you could become like the Amazon of scavenger hunt, you could get lots of free stuff from companies to give away. Some of the bigger ones, down the road, could actually drive tourism dollars to various cities and so forth. The tie-ins are almost limitless. A twist on the old experiential marketing ploy. But the execution would be more than daunting.
  
  I know VZW did this with launch of a few of their phones. Or maybe it was Moto. Had hints on twitter but it was pretty ridiculous.
  
  Actually sort of like what Groupon does, except you have to work for it or it has a game aspect to it.

  I like where your head is at.
• Heretic

  

  justincredible;1132085 wrote:I like where your head is at.

  Last time I said that to someone, she was blowing me.
  
  SHA-BOOM!
• sleeper

  

  I Wear Pants;1132083 wrote:So you can only read two characters then, good for you. Makes sense that you'd be a burger flipper.

  Way more than 2. I haven't checked in a while. Maybe I can get you to build me one of your fancy models to show me how much I have.
• sleeper

  

  Heretic;1132088 wrote:Last time I said that to someone, she was blowing me.
  
  SHA-BOOM!

  Zing!
• I Wear Pants

  sleeper;1132101 wrote:Way more than 2. I haven't checked in a while. Maybe I can get you to build me one of your fancy models to show me how much I have.

  Ok will do.
  
  $200.00 is your estimated net worth with a standard deviation of $50 so there's a 95% chance you're worth between $100.00 and $300.00. Quite impressive for someone that can't read I must say and you were right about more than two zeros, as you can see there are four there. Well done.
• sleeper

  

  I Wear Pants;1132118 wrote:Ok will do.
  
  $200.00 is your estimated net worth with a standard deviation of $50 so there's a 95% chance you're worth between $100.00 and $300.00. Quite impressive for someone that can't read I must say and you were right about more than two zeros, as you can see there are four there. Well done.

  Actually it would be a 95.4% chance. Fail.
  
  And your numbers are shit, but I expected that.
• I Wear Pants

  sleeper;1132129 wrote:Actually it would be a 95.4% chance. Fail.
  
  And your numbers are shit, but I expected that.

  Wow you learned how to look up a normal distribution? Too bad you didn't look up how to round numbers.
• sleeper

  

  I Wear Pants;1132134 wrote:Wow you learned how to look up a normal distribution? Too bad you didn't look up how to round numbers.

  Check earlier in this thread. I rounded .000000000000000000000000000000045% down to 0%.
• I Wear Pants

  sleeper;1132138 wrote:Check earlier in this thread. I rounded .000000000000000000000000000000045% down to 0%.

  That your average test score from school?
• sleeper

  

  I Wear Pants;1132141 wrote:That your average test score from school?

  That's the interest rate of the recent block of 3 month treasury bills I just purchased. Thank god for Bernanke and his money printing machine.
• sjmvsfscs08

  Sad thing is you'd have to win this lottery 24,375+ times to pay off the national debt.
• WebFire

  sleeper;1132080 wrote:They make food stamps for that.

  I sold my my foodstamps to get the tickets, a pack of cigs and a Laser 40 oz.
• sleeper

  

  WebFire;1132158 wrote:I sold my my foodstamps to get the tickets, a pack of cigs and a Laser 40 oz.

  I didn't know you were from the South.
• sleeper

  

  sjmvsfscs08;1132156 wrote:Sad thing is you'd have to win this lottery 24,375+ times to pay off the national debt.

  Which one? The current debt is nothing compared to the 60 trillion + in unfunded liabilities of Medicare, Medicaid, and Social Security.
• I Wear Pants

  sleeper;1132150 wrote:That's the interest rate of the recent block of 3 month treasury bills I just purchased. Thank god for Bernanke and his money printing machine.

  But if you just print more money it solves everything right?
  
  (Sleeper, I'm obviously joking here before you pounce on that one)