ok lets say you get a pick 5 hit for 150k -we all know how fast we could pee that away a new car for the wife and a truck for yourself-(or visa versa)-pooof you back to where you started even with a relative small lottery hit such as 150k this amout could pay you about $1.500.00 a quater year and still keep your money to boot when i almost hit 5 on mega millions -i had that money spent but after a while i thought about it and did some figuring if i took 90% of that $ and put it into the GE/TEXACO/EXXONS of the world the divvy alone could of bought my vechiles (over time) and still kept my money ---lets remeber folks that money is a tool ((just like a 9/16 wrench)) its nothing more and nothing less --good luck to you all and have a happy day
Thanks for the insight because we all have to be reminded not to squander our new found wealth -- regardless of the amount.
Let me ask you a question.
If a person receives $150,000.00 and puts it in a savings account because he or she is afraid of stock investing, how much interest would he or she receive?
pretty much zippo if your lucky one could get 2% unless of course you tie- it' up you may get a bit more but there is no place safer than a few big name stocks because if they go under so do the banks
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