Conversation
20 years to get the full sum
minus inflation
I can’t even get angry
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Taylan (GNU+Feminism Cat)
taylan@fedi.feministwiki.org
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bartholin (christmas arc)
bartholin@fops.cloud
@lain she would get a million dollars in 20 years.
Moreover, the one million she could have got instantly would be depreciated over time, and she would have had to pay some taxes on it.
Moreover, the one million she could have got instantly would be depreciated over time, and she would have had to pay some taxes on it.
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@waifu $1000 a week is just 5.2% too, it's easy to get that kind of yield everywhere.
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Phantasm
phnt@fluffytail.org
@lain This woman throwed away her win with this one simple trick. Betting companies love her. Click here for more information.
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@lain@lain.com would have been better to buy a house and rent it, but I guess money scares people
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@lain Surely she gets more than the million this way, no? Or is she just conscious of her own spending habits?
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@Jens_Rasmussen no, she gets less, it's easy to get a yield higher than 5.2% a year, and she'll also always get dollars this way which inflate away, while she could have done a gold/fiat/crypto mix or whatever with the full million.
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Rock DJ 
dj@parcero.casa
@lain
She's young enough it makes sense. Assuming she would probably not invest the $1 million to last more than 20 years.
She's young enough it makes sense. Assuming she would probably not invest the $1 million to last more than 20 years.
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@lain
She couldve bought herself a house then rented out 2 or 3 other houses and make more while not having to pay rent or a mortgage herself while also raising the value of her properties over time
She couldve bought herself a house then rented out 2 or 3 other houses and make more while not having to pay rent or a mortgage herself while also raising the value of her properties over time
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Wanderer atop the sea of clouds or whatever
WandererUber@poa.st
@lain ever heard of a little thing called inflation, Missy?!?!
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Sick Burn, Bro
sickburnbro@poa.st
@WandererUber @lain honestly in 10 years that's half of the money right there, if you are 25 and you do it smart you can probably win out especially if you avoid a huge tax burden by taking only 50k a year.
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Wanderer atop the sea of clouds or whatever
WandererUber@poa.st
@sickburnbro @lain yeah sure that was half a joke because the (((taxman))) takes so much
>honestly in 10 years that's half of the money right there
inflation will shred your value though. You need $650k to purchase the same item in 2025 that cost $500k in 2015.
>honestly in 10 years that's half of the money right there
inflation will shred your value though. You need $650k to purchase the same item in 2025 that cost $500k in 2015.
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@lain honestly i would as well. i can't be assed to set up some kind of fund to manage the million and prevent it from lowering.
i'll just take $1000 a week please, even if in the end i lose like 25% to inflation.
i'll just take $1000 a week please, even if in the end i lose like 25% to inflation.
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@lain alternatively i'd take the $1 million and just shove it into like 10 different bank managed funds and pull $1000 weekly.
i might also be somewhat biased since i live in one of the few countries with a wealth tax. if i had $1 million i'd have to give more than 1% of my net worth to the state every year, even if it's stored in the stock market. if instead the lottery organizer owed me $1000 a week i wouldn't have to give a shit afaik
i might also be somewhat biased since i live in one of the few countries with a wealth tax. if i had $1 million i'd have to give more than 1% of my net worth to the state every year, even if it's stored in the stock market. if instead the lottery organizer owed me $1000 a week i wouldn't have to give a shit afaik
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@lain from a financial standpoint idiotic, but maybe she knows herself well and realizes she couldn't handle the sum.
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@lain maybe her not realizing what a stupid decision it is to take the weekly sum is an indicator that it's the right choice for her to take the weekly sum 
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Terry Hendrix II 🏹
thendrix@social.hendrixgames.comMaybe she thought she'd be less of a target this way. It is Canada. Might be smart to send the checks to a US bank to be safe anyway.
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georgia
georgia
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georgia
georgia
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@waltercool @lain It is not-taxable regardless
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@waltercool @lain Nope, it's the provincial lottery commission, so it would be stupid of them to give out money to then take it back, so in a rare example of not doing the stupidest possible thing the government made lottery winnings not taxable.
But of course, capital gains, interest from investing the winnings *are* taxable.
But of course, capital gains, interest from investing the winnings *are* taxable.
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ooignignoktoo
ooignignoktoo@shitposter.world
@lain I mean if she plans on living more than 20 years that's a better payout than the 1 million lump.
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@ooignignoktoo it’s a 5.2% apr on the initial million, that’s not a very good return
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ooignignoktoo
ooignignoktoo@shitposter.world
@lain Also it's CAD money not USD so it's a weaker currency. That said anything is better than 0
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@guizzy @waltercool habiba can come to Dubai…
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•𝖇𝖑𝖎𝖙𝖟𝖊𝖉•⛨㉝⅓
blitzed@poa.st
@lain Dunno. Perhaps she already knows far too many people who would come outta the woodwork tryin to mooch off the lump sum. So she can tell 'em $1k doesn't even cover a third of my rent, get lost bro!
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kollap5
kollap5@poa.st
@lain Used to be the smart way (taxman), now with uneasy economic situation... I'd go for the lump sum
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Arc (NNN 2025 CHAMPION)
arc@gameliberty.club@lain Might make sense if that weekly is after taxes, but the full 1mil has yet to be taxed. In my US state 1mil would turn into like 300k if you took the full payout
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Iska (neko arc)
iska@catposter.club
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