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Topic	One of my coworkers won a couple million in the lottery
adjl 11/10/17 1:46:38 PM #38:	Yellow posted... ReggieTheReckless posted... Yellow posted... He'll be back in two years lol. Or he could invest his money properly and live off the interest so he never has to work again? Doesn't seem that hard I say that because that's actually what happens to most lottery winners. They overestimate how much money they actually have. He doesn't seem like the brightest bulb, so I wouldn't have too much faith about that. Like he's going to invest that, lol. Pretty much. A couple million isn't actually that much. You can invest it and live quite comfortably off of a 3-5% return, but if he's the sort of person who spends $20 a day on the lottery and quit his job the instant he won, I'm guessing smart investment for a frugal-yet-comfortable life isn't at the top of the list of things he plans to do with the money. I'd expect quite a few big purchases before he gets to the idea of investing it, by which point that capital's going to be much, much lower. Revelation34 posted... A nice house is actually a good investment. Ehh, that's debatable. Real estate as an investment is pretty risky, and the higher your property value goes, the higher your property taxes go. Buying an expensive house when the guy doesn't have any income outside of investments might not be the best idea. --- This is my signature. It exists to keep people from skipping the last line of my posts. <cite>adjl posted [p:890134100] in One of my ... [t:75958795]...</cite> <quote><cite>Yellow posted...</cite> <quote><cite>ReggieTheReckless posted...</cite> <quote><cite>Yellow posted...</cite> <quote>He'll be back in two years lol. </quote> Or he could invest his money properly and live off the interest so he never has to work again? Doesn't seem that hard</quote> I say that because that's actually what happens to most lottery winners. They overestimate how much money they actually have. He doesn't seem like the brightest bulb, so I wouldn't have too much faith about that. Like he's going to invest that, lol.</quote> Pretty much. A couple million isn't actually that much. You can invest it and live quite comfortably off of a 3-5% return, but if he's the sort of person who spends $20 a day on the lottery and quit his job the instant he won, I'm guessing smart investment for a frugal-yet-comfortable life isn't at the top of the list of things he plans to do with the money. I'd expect quite a few big purchases before he gets to the idea of investing it, by which point that capital's going to be much, much lower. <cite>Revelation34 posted...</cite> <quote>A nice house is actually a good investment.</quote> Ehh, that's debatable. Real estate as an investment is pretty risky, and the higher your property value goes, the higher your property taxes go. Buying an expensive house when the guy doesn't have any income outside of investments might not be the best idea. --- This is my signature. It exists to keep people from skipping the last line of my posts.</quote> ... Copied to Clipboard!
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