BuffettNews.com

SMLCHNG wrote:

Elrod wrote: Glad to see the money end up in good hands!

Me too. But I wouldn't be working at Wal-Mart any more!!

Or directv

Just wait til the Café Dreamers hit it

ragtopW wrote:

SMLCHNG wrote:

Elrod wrote: Glad to see the money end up in good hands!

Me too. But I wouldn't be working at Wal-Mart any more!!

Or directv

Well yeah, that too!!

PHAW Webmistress wrote:Just wait til the Café Dreamers hit it

Yes, Ma'am!

Yes, but after taking the lump sum and taxes the take home was only $67,000,000.00.
You think they will still quit their jobs?

Just curious....if you won that much, would you want your name to be revealed?

I know I wouldn't. I would want that as private as could be. Could you imagine all the friends, relatives, charities, businesses and investors that would be hounding you??

SMLCHNG wrote:

Elrod wrote: Glad to see the money end up in good hands!

Me too. But I wouldn't be working at Wal-Mart any more!!

I think she will quit Wal-Mart as soon as they tell her she can't park her Lamborghini in the parking lot. I've seen it before, seriously!

sailingagain wrote:Just curious....if you won that much, would you want your name to be revealed?

I know I wouldn't. I would want that as private as could be. Could you imagine all the friends, relatives, charities, businesses and investors that would be hounding you??

I think that you are required to come forward under the rules of the game so they can do the photo-ops at the presentation. And, as an arm of State government, at least in OH, that would make it subject to public record sunshine regs.

You might, however, be allowed to use an attorney as a front-person.

sailingagain wrote:Just curious....if you won that much, would you want your name to be revealed?

I know I wouldn't. I would want that as private as could be. Could you imagine all the friends, relatives, charities, businesses and investors that would be hounding you??

That may only be part of the problem. I heard that many lottery winners have had to hire bodyguards for their family members because there have been kidnap-ransom issues in the past. I really don't think I'd want my name publicized. Amazing how something that should be such a positive thing in your life can turn into such a nightmare.

parithedfred wrote:

sailingagain wrote:Just curious....if you won that much, would you want your name to be revealed?

I know I wouldn't. I would want that as private as could be. Could you imagine all the friends, relatives, charities, businesses and investors that would be hounding you??

That may only be part of the problem. I heard that many lottery winners have had to hire bodyguards for their family members because there have been kidnap-ransom issues in the past. I really don't think I'd want my name publicized. Amazing how something that should be such a positive thing in your life can turn into such a nightmare.

on the bright side: there is at least one job created, because you should probably hire someone to screen your mail.

Indiana Jolly Mon wrote:Yes, but after taking the lump sum and taxes the take home was only $67,000,000.00.

Well that was bad financial move number one...

If they are 30 something and don't know how to handle big money, they would have been much better off taking the annual distributions for 20 or 30 years to guarantee they can't "p*** it away" with some screwball investment their long lost second cousin is certain to get them into

RinglingRingling wrote: I think that you are required to come forward under the rules of the game so they can do the photo-ops at the presentation. And, as an arm of State government, at least in OH, that would make it subject to public record sunshine regs.

You might, however, be allowed to use an attorney as a front-person.

Interesting. I never even thought of that.

Sheesh. I guess a lot of phonecalls from annoying, leacherous people would be a small price to pay for pocketing a take home of $67,000,000.

z-man wrote:

Indiana Jolly Mon wrote:Yes, but after taking the lump sum and taxes the take home was only $67,000,000.00.

Well that was bad financial move number one...

If they are 30 something and don't know how to handle big money, they would have been much better off taking the annual distributions for 20 or 30 years to guarantee they can't "p*** it away" with some screwball investment their long lost second cousin is certain to get them into

yep. always figured that the state lottery fund could get better rates of return on their investments given the much-larger pool and preferential rates that gets you; and no one said you have to spend the whole $8m per year (pre-tax), so you could take your 60%, take out 10% of that, and invest the rest in a diversified portfolio.

It would be hard to go from living on a Wal*Mart and a mechanic salary to $500k a year without getting stupid, much less 5 mill. Better to take the yearly payouts and "double-dip"

Shes not gonna keep workin at Wal-Mart. And why not take the lump sum. Could imagine dying in two or three years and not being able to spend all your money? Take it all and enjoy.

OystersandBeer wrote:Shes not gonna keep workin at Wal-Mart. And why not take the lump sum. Could imagine dying in two or three years and not being able to spend all your money? Take it all and enjoy.

That's the whole point; they are thirty,they are not gonna die in a few years. If you don't know how to handle large sums of money, why not take $11.5 million a year before taxes(assuming a 20 year payout). They would not get any more enjoyment out of $67 million one time than about $7 million a year for 20 years, and with an annual payout, they will still have money coming in after they have time to learn how to handle it.

OystersandBeer wrote:Shes not gonna keep workin at Wal-Mart.

If it was me, I'd take the money and BUY Wal Mart.
and maybe a HOOTERS restaurant or seven. Talk about having it ALL

Wino you know wrote:

OystersandBeer wrote:Shes not gonna keep workin at Wal-Mart.

If it was me, I'd take the money and BUY Wal Mart.
and maybe a HOOTERS restaurant or seven. Talk about having it ALL

you can probably get a hooter's franchise. the Wal*mart is probably bit harder

Wino you know wrote:Yesterday a couple in their mid-30's claimed Iowa's powerball lottery jackpot of $230,000,000.00.
They met in San Diego a few years ago, where she lived, and he was serving with the UNITED STATES MARINE CORPS.
He works at a body shop in Fort Dodge, and she works at a local WAL MART.
She says she plans to keep working at WAL MART.

How I LOVE these Cinderella stories.

I'm bettin' she changes her mind about working at Walmart real soon.

I was at Wal Mart today. They're having a big sale on NASCAR t-shirts.

SOME DAY I'll have what it takes to be employed in Mr. Sam's Empire.
Some day.