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templar54 t1_jb4g6mj wrote

Reply to comment by Delta4o in Boeing employee bought lottery ticket because it was at $747M, a nod to the aircraft. She won the jackpot. by ChickenXing

Invest all of it into stable stocks, you would have quite high stable income for the rest of your life. You basically could spend the rest of of your life doing whatever you want instead of spending larger part of it at work.

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KaimeiJay t1_jb4u19i wrote

Where’s that one re-linked Reddit comment about the step-by-step on what to do when you win the lottery when I need it….

Edit: Found it.

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[deleted] t1_jb52vm4 wrote

It doesn't tell the whole story though, especially that 'you're fucked' segment.

If you're a generally sensible person in your normal life, you have nothing to fear from winning a lot of money.

There's a lot of confirmation bias in the research in regards to lottery winners, because many don't go public with their win and are not studyable (is that a word?).

The ones that do go public, and are therefore able to be researched, generally tend to be the more stupid winners.

Because no one sane or clever, would tell the world they just won 700m dollars.

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__FilthyFingers__ t1_jb5qyj3 wrote

Also, those who are sensible with their money are FAR less likely to gamble it away.

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BloodAndTsundere t1_jb62zjs wrote

> There's a lot of confirmation bias in the research in regards to lottery winners, because many don't go public with their win and are not studyable (is that a word?).

I think the bias might be a selection bias. The bulk of lottery tickets are likely purchased by the people who are least likely to make good decisions with money, demonstrated by the fact that they spend a lot on lotto tickets.

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Enk1ndle t1_jb4ze6w wrote

"high stable income" in this case being 10s of millions a year. It's kind of crazy.

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imjoiningreddit t1_jb5xu79 wrote

r/dividends is calling. Put $50 million in a 3% dividend etf stock and passively earn $1.5M a year for your life and your kiddos

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mynameisjiyeon t1_jb4gic6 wrote

Assuming you’re talking about ops 5k. 5k in stocks isn’t going to earn an income that will allow them to retire…

If you’re talking about the lotto winner, they don’t need to invest in anything and the money should last a few generations

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templar54 t1_jb4gpjn wrote

Lottery of course. With money being invested at least in theory they would last longer. With large sums it is logical to make money work for you instead of just directly spending it.

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Delta4o t1_jb4h7zg wrote

I'm in the middle of moving out. I do buy premium stuff but once I do, I'm very happy with the stuff that I have. In the long run I save a lot of money. I do plan on putting everything that I don't use in managed stocks for the next couple of years because the way how things are going I have little to no faith in having a pension fund when I retire.

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