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Thread: Current Powerball $

  1. #61
    Flashaholic* KDM's Avatar
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    Default Re: $558,000,000

    I'll just blame it on my wife, yeah she made me buy them. Now I feel better.

  2. #62
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    Default Re: $558,000,000

    Quote Originally Posted by bykfixer View Post
    Are you serious me+?

    It was a shot at humor. Chance is a funny guy who probably works harder than most to ensure his witty quips are not in the least bit insulting...cept to maybe those with skin so thin they think he meant them personally.

    I don't play because I travel a lot and see lots n lots of poor people with holes in their shoes scratching tickets or buying powerball in hopes they'll suddenly have no more troubles... I can't support that sorta thing. But that's just me.

    They are the ones Chance was speaking of...the ones who think they won 1.5 billion or maybe $40 grand etc.. unknowing when the lottery and the government get done fleecing them they end up with about 30%...assuming they win...

    But if folks want to play...have at it.
    Yes i'm serious.

    I don't play in any lottery myself so I don't feel personally attacked. "It was a shot at humor" No it was not. Don't try to "explain" comments like that as humor. Seriously, how is this "Lotteries are a tax on the mathematically challenged. A quick look at the Powerball website tells you the probability of winning the jackpot is 1 in 292,201,338.00." a shot at humor. Please feel free to explain.
    "Chance is a funny guy who probably works harder than most to ensure his witty quips are not in the least bit insulting...cept to maybe those with skin so thin they think he meant them personally." Again, I don't see the correlation between his statement and humor. I in no way, shap or form see how his comments were meant as humor.
    "I don't play because I travel a lot and see lots n lots of poor people with holes in their shoes scratching tickets or buying powerball in hopes they'll suddenly have no more troubles... I can't support that sorta thing. But that's just me." That's not just you, hence why I said "However if you don't go mad and spend money you needed to use on something better (like food or clothes or shelter) there is nothing wrong with entering a lottery."

  3. #63

    Default Re: $558,000,000

    People that don't use the quote function are technology challenged.

    ~ Chance
    Never point a flashlight at anything you don't intend to illuminate! Never buy a flashlight you have to make payments on.

  4. #64
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    Default Re: $558,000,000

    Yes instead of actually going deeper into my comment, maybe coming up with arguments why my point of view could be wrong, something adults do when they have a conversation/discussion you come up with some pathetic response like that. Very mature. For your information these are quotation marks " " and they work fine for quoting sentences.

  5. #65

    Default Re: $558,000,000

    First and foremost, let's all take a deep breath and relax. Please.

    ~ Chance
    Never point a flashlight at anything you don't intend to illuminate! Never buy a flashlight you have to make payments on.

  6. #66
    Flashaholic* dc38's Avatar
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    Default Re: $558,000,000

    Quote Originally Posted by Chauncey Gardiner View Post
    People that don't use the quote function are technology challenged.

    ~ Chance
    People who need to tag everything with a signature are narcissistically challenged.

    Yours truly,
    ~David
    -I am no law abiding citizen. I am merely not a lawbreaker.
    -Guilty until proven innocent.
    -If it can be conceived by humans, then it can be unravelled by humans.

  7. #67
    Flashaholic* Beamhead's Avatar
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    Default Re: $558,000,000

    Quote Originally Posted by Chauncey Gardiner View Post
    Lotteries are a tax on the mathematically challenged.
    ~ Chance
    Quote Originally Posted by Chauncey Gardiner View Post
    People that don't use the quote function are technology challenged.

    ~ Chance
    I find this funny and will not get bent out of "shap" over it. Lighten up folks.
    Quando Omni Flunkis Moritati

  8. #68
    Flashaholic* dc38's Avatar
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    Default Re: $558,000,000

    Quote Originally Posted by Me+Light=Addiction View Post
    Yes i'm serious.

    I don't play in any lottery myself so I don't feel personally attacked. "It was a shot at humor" No it was not. Don't try to "explain" comments like that as humor. Seriously, how is this "Lotteries are a tax on the mathematically challenged. A quick look at the Powerball website tells you the probability of winning the jackpot is 1 in 292,201,338.00." a shot at humor. Please feel free to explain.
    "Chance is a funny guy who probably works harder than most to ensure his witty quips are not in the least bit insulting...cept to maybe those with skin so thin they think he meant them personally." Again, I don't see the correlation between his statement and humor. I in no way, shap or form see how his comments were meant as humor.
    "I don't play because I travel a lot and see lots n lots of poor people with holes in their shoes scratching tickets or buying powerball in hopes they'll suddenly have no more troubles... I can't support that sorta thing. But that's just me." That's not just you, hence why I said "However if you don't go mad and spend money you needed to use on something better (like food or clothes or shelter) there is nothing wrong with entering a lottery."
    The powerball " likelihood of winning" is a mathematical lie. It is not sequential.
    -I am no law abiding citizen. I am merely not a lawbreaker.
    -Guilty until proven innocent.
    -If it can be conceived by humans, then it can be unravelled by humans.

  9. #69
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    Default Re: $.95 Billion

    Y'all gotta let it go. I'm proud of the fact that the A&Q forum had needed almost no moderation up this point. I'd really like to keep it that way. Some people act like a post on the internet is akin to someone slapping their mother. Let it go.

  10. #70

    Default Re: $.95 Billion

    We've probably all read or heard an expression such as, It was a one in a million shot, I tell ya! Or, The odds were against him. It was a million to one he'd succeed. Thoes sayings have always been common and they've always meant the chance of something happening was not bloody likely!

    Fastforward to Lotto-Think and we now have millions of people actually believing 1 in 292,201,338 is a "small" chance, but still a possibility. Yeah, it could happen, and monkeys could fly out of my butt. But probably not.

    ~ Chance
    Never point a flashlight at anything you don't intend to illuminate! Never buy a flashlight you have to make payments on.

  11. #71

    Default Re: $558,000,000

    Quote Originally Posted by dc38 View Post
    People who need to tag everything with a signature are narcissistically challenged.

    Yours truly,
    ~David
    See? That's funny! ....... and like all comedy, to be funny, needs a little truth.

    ~ Chance
    Never point a flashlight at anything you don't intend to illuminate! Never buy a flashlight you have to make payments on.

  12. #72
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    Default Re: $.95 Billion

    Quote Originally Posted by Chauncey Gardiner View Post
    We've probably all read or heard an expression such as, It was a one in a million shot, I tell ya! Or, The odds were against him. It was a million to one he'd succeed. Thoes sayings have always been common and they've always meant the chance of something happening was not bloody likely!

    Fastforward to Lotto-Think and we now have millions of people actually believing 1 in 292,201,338 is a "small" chance, but still a possibility. Yeah, it could happen, and monkeys could fly out of my butt. But probably not.

    ~ Chance
    If were talking about being mathematically challenged then your equation comes pretty close.
    I've never heard of a monkey flying out of someone's ass, i've heard of people winning the lottery. Besides the 1 in 292,201,338 chance are the powerball numbers, there are many more lotteries and many more different prices and thus different odds of winning. Furthermore the actual odds of winning are not what I commented on, I commented on the being mathemetically challenged part, which was later qualified as humor... I'll just leave it at me not understanding the humor of your comments

  13. #73
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    Default Re: $.95 Billion

    Quote Originally Posted by nbp View Post
    Y'all gotta let it go. I'm proud of the fact that the A&Q forum had needed almost no moderation up this point. I'd really like to keep it that way. Some people act like a post on the internet is akin to someone slapping their mother. Let it go.
    To be fair I don't see the need for moderation in this thread at this point. I don't think any outrages comments has been made. I was irritated by Chance's comment and response to my comment and felt the need to respond to that. I know a comment on the internet is "just a comment on the internet" but I don't see why there is no room for a small discussion if you disagree with someone's post. If it would drag out for pages then yes, it would go too far. But at this point I don't see the necessity for you to step in and moderate things.

    That said, i'll refrain from commenting any further in this thread.

  14. #74
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    Default Re: $.95 Billion

    The OP asked about what adventures you would take on if you won the money, and it was a fun and lighthearted discussion. Let's get back to that topic rather than whether it makes good fiscal sense to buy lottery tickets, and then everyone can enjoy commenting as freely as they wish.

  15. #75
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    Default Re: $.95 Billion

    NBP,

    Since three tickets matched all of the numbers and it took 18-20 drawing dates to get up to stratospheric money, I'll save my shekels until next time.

    As the Lottery always says, "You've got to play to win".


    PS, no food or rent money was involved in this game of .......~ Chance.

  16. #76

    Default Re: $.95 Billion

    I'd buy the light Streamlight made for nasa in 1973 and put a cpf logo across it and shine it on saturday night like the batman beacon.
    John 3:16

  17. #77

    Default Re: $.95 Billion

    Quote Originally Posted by NoNotAgain View Post
    NBP,

    Since three tickets matched all of the numbers and it took 18-20 drawing dates to get up to stratospheric money, I'll save my shekels until next time.

    As the Lottery always says, "You've got to play to win".


    PS, no food or rent money was involved in this game of .......~ Chance.
    ^^ lemmee guess...no pun intended?

    I hope one was that fella who just joined and his "hello" thread said he was from commiefornia...that would be cool.
    John 3:16

  18. #78
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    Default Re: $.95 Billion

    Quote Originally Posted by bykfixer View Post
    ^^ lemmee guess...no pun intended?

    I hope one was that fella who just joined and his "hello" thread said he was from commiefornia...that would be cool.
    That would be cool as California was one of four states listed that don't tax lottery winnings. Then again, there's always a first when they see how much money they're losing.

    I worked with a guy years back when the state lottery was first started hit for three times in two years. Back then the lottery only paid $500k, then $1 million dollars. Long before the Mega Millions and Power Ball.

  19. #79

    Default Re: $.95 Billion

    Yep...used to be we'd say 'heck yeah, half million and I'm straight'..now it's "pffft I aint puttin' out $2 on no lottery ticket for $4 million"...

    I just thought it humorous the guy calls his home state commifornia...
    John 3:16

  20. #80

    Default Re: $.95 Billion

    If I win the lotto, I'm going to fly to the Netherlands and buy a certain member a beer.

    ~ Chance
    Never point a flashlight at anything you don't intend to illuminate! Never buy a flashlight you have to make payments on.

  21. #81
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    Buttrock Re: $.95 Billion

    Lotteries ARE essentially a surcharge on those who are bad at statistics.

    They rationalize that they MIGHT win, and, as someone DOES, they think, well, it COULD be me.

    Its wishful thinking, and, it rakes in billions of dollars from all the people who thought, well, it COULD be me.



    As for what to do with it all, I like the idea of setting of a philanthropic fund.



    As for lump vs annuity, I'm thinking the annuity return is conservative, but guaranteed, but a private investment is more aggressive, even a SP500 type mutual fund for example.

    The tax rate on the lump sum blasts you upfront. You still owe 10% year on earnings with it. I'm not sure how they tax you on the annuity...I'm sure taxes are taken out annually at least?

    If the entire annuity payment is taxed as income every year, would be at the massive 39% federal rate for that high an income, or considered capital gains on investment? Hmmm, income I'm guessing...as YOU didn't invest it.

    The 10% would be on the earnings of investments you made with the left over annuity $, OR lump sum $.


    I guess it might depend on the state, I know they can be different....some tax money you earned but didn't yet receive, like NY.


    So, I suppose the short answer is to take the annuity unless you think you can beat the rate of return by a few percent, in which case, you'd earn more investing the lump sum.

    If doing a venture/business/philanthropic organization, I'd probably go annuity as its safer, and if the biz goes bust, you are not screwed and glued.




    From what I've read at least, the average winner takes the lump sum, spends like crazy because they cannot fathom a way for it to ever run out, and, then, they they figure that out, and declare bankruptcy, etc.

  22. #82

    Default Re: $.95 Billion

    Maybe while I'm there we could rent Bruce Almighty, http://youtu.be/lPruGs4IyK4

    ..... or Hancock. http://youtu.be/z51e45W0Tdk

    ~ Chance
    Never point a flashlight at anything you don't intend to illuminate! Never buy a flashlight you have to make payments on.

  23. #83

    Default Re: $.95 Billion

    I like the way the title keeps changing...
    John 3:16

  24. #84

    Default Re: $40,000,000

    Quote Originally Posted by Me+Light=Addiction View Post
    ........ going deeper into my comment, maybe coming up with arguments why my point of view could be wrong, something adults do when they have a conversation/discussion...
    PM sent for further communication, if desired.

    ~ C.G.
    Never point a flashlight at anything you don't intend to illuminate! Never buy a flashlight you have to make payments on.

  25. #85

    Default Re: $40,000,000

    We can stick a fork in this one.
    John 3:16

  26. #86
    Flashaholic* KDM's Avatar
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    Default Re: $40,000,000

    Yep the people that beat the odds have already collected their money. Until next time...

  27. #87

    Default Re: $50,000,000

    Quote Originally Posted by Chauncey Gardiner View Post
    PM sent for further communication, if desired.

    ~ C.G.
    Bueller ........ Bueller ...........

    ~ Chance
    Never point a flashlight at anything you don't intend to illuminate! Never buy a flashlight you have to make payments on.

  28. #88
    Flashaholic* orbital's Avatar
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    Default Re: $$$$$

    Quote Originally Posted by bykfixer View Post
    I like the way the title keeps changing...
    +

    yep, because the winnings kept going up & up & up... had to change title.
    think I have the record on most changed title in CPF history {{lol}}

    just made it simpler again

  29. #89

    Default Re: $$$$$ Lotto $$$$$

    Quote Originally Posted by orbital View Post
    +

    yep, because the winnings kept going up & up & up... had to change title.
    think I have the record on most changed title in CPF history {{lol}}

    just made it simpler again
    What goes around, comes around. orbital, congrats on the record!

    ~ Chance
    Never point a flashlight at anything you don't intend to illuminate! Never buy a flashlight you have to make payments on.

  30. #90

    Default Re: $$$$$

    Quote Originally Posted by orbital View Post
    +

    yep, because the winnings kept going up & up & up... had to change title.
    think I have the record on most changed title in CPF history {{lol}}

    just made it simpler again
    They need to change the billboard in our state....well most of the time they don't but when it got tipped over to a billion+ the sign stayed at 999.

    Congrats on the thread title change record...
    John 3:16

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