Powerball is now at 1.5 billion dollars

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SportsAndLady's avatar

SportsAndLady

Senior Member

35,632 posts
Jan 13, 2016 8:12 PM
Don’t make investments. You can put it in the bank and live comfortably. Forever. You will sleep a lot better knowing you won’t lose money.
Lol that is awful advice
Jan 13, 2016 8:12pm
Ironman92's avatar

Ironman92

Administrator

49,363 posts
Jan 13, 2016 9:21 PM
SportsAndLady;1775450 wrote:Lol that is awful advice
I'd like to hear from other billionaires
Jan 13, 2016 9:21pm
Commander of Awesome's avatar

Commander of Awesome

Senior Pwner

23,151 posts
Jan 13, 2016 9:39 PM
SportsAndLady;1775450 wrote:Lol that is awful advice
He was basically saying you shouldn't invest bc you don't know WTF you're doing. You don't become a great investor overnight bc you got money. I can see that.
Jan 13, 2016 9:39pm
Ironman92's avatar

Ironman92

Administrator

49,363 posts
Jan 13, 2016 9:54 PM
Commander of Awesome;1775455 wrote:He was basically saying you shouldn't invest bc you don't know WTF you're doing. You don't become a great investor overnight bc you got money. I can see that.
That is what he said
Jan 13, 2016 9:54pm
A

Al Bundy

Senior Member

4,180 posts
Jan 13, 2016 10:17 PM
Commander of Awesome;1775455 wrote:He was basically saying you shouldn't invest bc you don't know WTF you're doing. You don't become a great investor overnight bc you got money. I can see that.
Cuban basically hit the lottery and did well investing
Jan 13, 2016 10:17pm
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sleeper

Legend

27,879 posts
Jan 13, 2016 10:22 PM
Commander of Awesome;1775455 wrote:He was basically saying you shouldn't invest bc you don't know WTF you're doing. You don't become a great investor overnight bc you got money. I can see that.
Depends. If you invest in low risk funds, then its worth it. The reality is most people will think they are some genius and invest in a bunch of high risk sexy ventures and end up blowing all their money.
Jan 13, 2016 10:22pm
SportsAndLady's avatar

SportsAndLady

Senior Member

35,632 posts
Jan 13, 2016 10:22 PM
Commander of Awesome;1775455 wrote:He was basically saying you shouldn't invest bc you don't know WTF you're doing. You don't become a great investor overnight bc you got money. I can see that.
With $500M you can essentially have the best wealth management team in the world manage your money.

Obviously you don't want the hillbilly in Tennessee who wins to start day trading with $500M. But it's stupid to tell that person not to invest that money.
Jan 13, 2016 10:22pm
SportsAndLady's avatar

SportsAndLady

Senior Member

35,632 posts
Jan 13, 2016 11:40 PM
Winner in chino hills California.

Saw that it's one of the richest cities in the country. Some rich guy just got even richer lol
Jan 13, 2016 11:40pm
F

friendfromlowry

Senior Member

6,239 posts
Jan 14, 2016 12:03 AM
SportsAndLady;1775471 wrote:Winner in chino hills California.

Saw that it's one of the richest cities in the country. Some rich guy just got even richer lol
Fucker.
Jan 14, 2016 12:03am
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iclfan2

Reppin' the 330/216/843

6,360 posts
Jan 14, 2016 7:09 AM
Al Bundy;1775459 wrote:Cuban basically hit the lottery and did well investing
Being incredibly intelligent is like hitting the lottery? He hasn't lucked into wealth.


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Jan 14, 2016 7:09am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jan 14, 2016 8:05 AM
SportsAndLady;1775471 wrote:Winner in chino hills California.

Saw that it's one of the richest cities in the country. Some rich guy just got even richer lol
It was sold in Chino Hills. Doesn't necessarily mean the winner is rich.
Jan 14, 2016 8:05am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jan 14, 2016 8:19 AM
Someone please post the "different ways to win" in a picture, or copy/paste. I can't get to anything at work, lol.
Jan 14, 2016 8:19am
Ironman92's avatar

Ironman92

Administrator

49,363 posts
Jan 14, 2016 8:41 AM
ernest_t_bass;1775495 wrote:It was sold in Chino Hills. Doesn't necessarily mean the winner is rich.
It does now
Jan 14, 2016 8:41am
SportsAndLady's avatar

SportsAndLady

Senior Member

35,632 posts
Jan 14, 2016 9:00 AM
ernest_t_bass;1775495 wrote:It was sold in Chino Hills. Doesn't necessarily mean the winner is rich.
No shit sherlock
Jan 14, 2016 9:00am
B

BR1986FB

Senior Member

24,104 posts
Jan 14, 2016 9:52 AM
The three winners reside in states where there is no state tax so the lucky got even luckier.
Jan 14, 2016 9:52am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jan 14, 2016 10:18 AM
I was in two separate office pools, and I bought three personal tickets. Of the office pools, I believe there were over 50 tickets bought. Of all the tickets that were purchased... $12 were won. 12 freaking dollars. That's 12$ for all you idiots.

Obligatory "you could buy this site!!!!"
Jan 14, 2016 10:18am
sleeper's avatar

sleeper

Legend

27,879 posts
Jan 14, 2016 10:24 AM
iclfan2;1775479 wrote:Being incredibly intelligent is like hitting the lottery? He hasn't lucked into wealth.


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Cuban is an intelligent guy but you can't deny he made his wealth in a very unstable time where he could have easily gone south to zero just as easily as north to billions. If you ask Cuban, he will say he made smart choices and knew how to time to market; if you ask reality, you know luck was a big part of it.
Jan 14, 2016 10:24am
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bases_loaded

Senior Member

6,912 posts
Jan 14, 2016 10:25 AM
My grandparents reside in Melbourne for the winter...shes being awfully quiet this morning....
Jan 14, 2016 10:25am
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ZWICK 4 PREZ

Senior Member

7,733 posts
Jan 14, 2016 10:57 AM
bases_loaded;1775546 wrote:My grandparents reside in Melbourne for the winter...shes being awfully quiet this morning....
so do 70,000 other peoples grandparents.
Jan 14, 2016 10:57am
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Azubuike24

Senior Member

15,933 posts
Jan 14, 2016 11:31 AM
Apparently the winner in Florida was a hedge fund millionaire who spent over 30K in tickets.
Jan 14, 2016 11:31am
ZWICK 4 PREZ's avatar

ZWICK 4 PREZ

Senior Member

7,733 posts
Jan 14, 2016 11:37 AM
Azubuike24;1775575 wrote:Apparently the winner in Florida was a hedge fund millionaire who spent over 30K in tickets.
I don't believe this for a second. Sleeper told us rich investors like him don't play the lottery.
Jan 14, 2016 11:37am
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MontyBrunswick

Senior Member

846 posts
Jan 14, 2016 1:40 PM
SportsAndLady;1775471 wrote:Winner in chino hills California.

Saw that it's one of the richest cities in the country.
not even close.

The median income for a household in the city is about 90k.

the average in california is about $70k, so it's a slightly-above average community in california.
Jan 14, 2016 1:40pm
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Rotinaj

Senior Member

7,699 posts
Jan 14, 2016 1:45 PM
sleeper;1775308 wrote:Sure it would be nice to win any sum of money. The reality is you will think different once you obtain that kind of money. I know from experience.
MontyBrunswick;1775634 wrote:not even close.

The median income for a household in the city is about 90k.

the average in california is about $70k, so it's a slightly-above average community in california.
Source?
Jan 14, 2016 1:45pm
Rotinaj's avatar

Rotinaj

Senior Member

7,699 posts
Jan 14, 2016 1:47 PM
MontyBrunswick;1775634 wrote:not even close.

The median income for a household in the city is about 90k.

the average in california is about $70k, so it's a slightly-above average community in california.
Source? Is this not the city?
https://www.google.com/?gws_rd=ssl#q=chino+hills+median+income
Jan 14, 2016 1:47pm