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Powerball is now at 1.5 billion dollars

  • Ironman92
    http://finance.yahoo.com/news/heres-mark-cubans-advice-winner-135430907.html
  • SportsAndLady
    Don’t make investments. You can put it in the bank and live comfortably. Forever. You will sleep a lot better knowing you won’t lose money.
    Lol that is awful advice
  • Ironman92
    SportsAndLady;1775450 wrote:Lol that is awful advice
    I'd like to hear from other billionaires
  • Commander of Awesome
    SportsAndLady;1775450 wrote:Lol that is awful advice
    He was basically saying you shouldn't invest bc you don't know WTF you're doing. You don't become a great investor overnight bc you got money. I can see that.
  • Ironman92
    Commander of Awesome;1775455 wrote:He was basically saying you shouldn't invest bc you don't know WTF you're doing. You don't become a great investor overnight bc you got money. I can see that.
    That is what he said
  • Al Bundy
    Commander of Awesome;1775455 wrote:He was basically saying you shouldn't invest bc you don't know WTF you're doing. You don't become a great investor overnight bc you got money. I can see that.
    Cuban basically hit the lottery and did well investing
  • sleeper
    Commander of Awesome;1775455 wrote:He was basically saying you shouldn't invest bc you don't know WTF you're doing. You don't become a great investor overnight bc you got money. I can see that.
    Depends. If you invest in low risk funds, then its worth it. The reality is most people will think they are some genius and invest in a bunch of high risk sexy ventures and end up blowing all their money.
  • SportsAndLady
    Commander of Awesome;1775455 wrote:He was basically saying you shouldn't invest bc you don't know WTF you're doing. You don't become a great investor overnight bc you got money. I can see that.
    With $500M you can essentially have the best wealth management team in the world manage your money.

    Obviously you don't want the hillbilly in Tennessee who wins to start day trading with $500M. But it's stupid to tell that person not to invest that money.
  • SportsAndLady
    Winner in chino hills California.

    Saw that it's one of the richest cities in the country. Some rich guy just got even richer lol
  • friendfromlowry
    SportsAndLady;1775471 wrote:Winner in chino hills California.

    Saw that it's one of the richest cities in the country. Some rich guy just got even richer lol
    Fucker.
  • iclfan2
    Al Bundy;1775459 wrote:Cuban basically hit the lottery and did well investing
    Being incredibly intelligent is like hitting the lottery? He hasn't lucked into wealth.


    Sent from my iPhone using Tapatalk
  • ernest_t_bass
    SportsAndLady;1775471 wrote:Winner in chino hills California.

    Saw that it's one of the richest cities in the country. Some rich guy just got even richer lol
    It was sold in Chino Hills. Doesn't necessarily mean the winner is rich.
  • ernest_t_bass
    Someone please post the "different ways to win" in a picture, or copy/paste. I can't get to anything at work, lol.
  • Ironman92
    ernest_t_bass;1775495 wrote:It was sold in Chino Hills. Doesn't necessarily mean the winner is rich.
    It does now
  • SportsAndLady
    ernest_t_bass;1775495 wrote:It was sold in Chino Hills. Doesn't necessarily mean the winner is rich.
    No shit sherlock
  • BR1986FB
    The three winners reside in states where there is no state tax so the lucky got even luckier.
  • ernest_t_bass
    I was in two separate office pools, and I bought three personal tickets. Of the office pools, I believe there were over 50 tickets bought. Of all the tickets that were purchased... $12 were won. 12 freaking dollars. That's 12$ for all you idiots.

    Obligatory "you could buy this site!!!!"
  • sleeper
    iclfan2;1775479 wrote:Being incredibly intelligent is like hitting the lottery? He hasn't lucked into wealth.


    Sent from my iPhone using Tapatalk
    Cuban is an intelligent guy but you can't deny he made his wealth in a very unstable time where he could have easily gone south to zero just as easily as north to billions. If you ask Cuban, he will say he made smart choices and knew how to time to market; if you ask reality, you know luck was a big part of it.
  • bases_loaded
    My grandparents reside in Melbourne for the winter...shes being awfully quiet this morning....
  • ZWICK 4 PREZ
    bases_loaded;1775546 wrote:My grandparents reside in Melbourne for the winter...shes being awfully quiet this morning....
    so do 70,000 other peoples grandparents.
  • Azubuike24
    Apparently the winner in Florida was a hedge fund millionaire who spent over 30K in tickets.
  • ZWICK 4 PREZ
    Azubuike24;1775575 wrote:Apparently the winner in Florida was a hedge fund millionaire who spent over 30K in tickets.
    I don't believe this for a second. Sleeper told us rich investors like him don't play the lottery.
  • MontyBrunswick
    SportsAndLady;1775471 wrote:Winner in chino hills California.

    Saw that it's one of the richest cities in the country.
    not even close.

    The median income for a household in the city is about 90k.

    the average in california is about $70k, so it's a slightly-above average community in california.
  • Rotinaj
    sleeper;1775308 wrote:Sure it would be nice to win any sum of money. The reality is you will think different once you obtain that kind of money. I know from experience.
    MontyBrunswick;1775634 wrote:not even close.

    The median income for a household in the city is about 90k.

    the average in california is about $70k, so it's a slightly-above average community in california.
    Source?
  • Rotinaj
    MontyBrunswick;1775634 wrote:not even close.

    The median income for a household in the city is about 90k.

    the average in california is about $70k, so it's a slightly-above average community in california.
    Source? Is this not the city?
    https://www.google.com/?gws_rd=ssl#q=chino+hills+median+income