Let's see... $1.6B buys *how many* Chirons?

"Turbineguy: Nom de Zoom" (will-alib) 10/20/2018 at 09:40 • Filed to: None

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That would be the most exciting demo derby EVER..

The Dummy Gummy > Turbineguy: Nom de Zoom 10/20/2018 at 10:00

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All of them. [meta]

Sampsonite24-Earth's Least Likeliest Hero > Turbineguy: Nom de Zoom 10/20/2018 at 10:13

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if i win on tuesday im totally buying a controlling stake in the Chicago Fire. I figure i cant do any worse than the current owners.

shop-teacher > Turbineguy: Nom de Zoom 10/20/2018 at 10:31

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Scoop up a bunch of Veyrons at a discount, and have at it!

Highlander-Datsuns are Forever > Turbineguy: Nom de Zoom 10/20/2018 at 10:57

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I would buy every Ferrari GTO and dirt track then to oblivion.

aquila121 > Turbineguy: Nom de Zoom 10/20/2018 at 11:29

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I was just thinking about my dream garage, as I chipped in two bucks on the office lottery pool Friday morning (knowing we wouldn’t win, but it was $2 insurance that on the impossible chance that we won, I wouldn’t be the only person still coming to work). Alas, of course I am not going to be newly wealthy, but here’s what I would have if I ever got stupid-rich:

1997 Honda Prelude (HPDE track events)

1985 Toyota AE86 (drift car project)

2019 Toyota Corolla Hatchback (daily driver)

2019 Nissan Titan XD Diesel (towing rig for car hauler)

a custom trailer on air suspension (for transporting the fun cars to track events)

2007 Nissan 350Z (practice drift/missle car)

2018 Volkswagen Golf R (AWD winter car)

2006 Acura TL Type-S (nicer daily driver)

I figure I could finish the first two items which I already own, buy the rest, and modify anything and everything to my heart’s content for under 350k, have a modest house built with a monstrous garage to store all this stuff for another, say, 600 thousand (I have no idea how much a home from scratch would cost, but space for about 12 vehicles, heated, multiple doors, and associated one-off stuff, I imagine it’d be up there). Then I’d invest the vast majority of the rest of my hypothetical lotto winnings in the most diverse and lowest-risk portfolio I could ask for, and live off the income from that.

I can’t fathom how people manage to go broke after winning eight-figures in lottery payouts, honestly. I heard a story about a guy that won like 91 million after the lump sum payout, paid all the taxes, and threw almost all of it into investments or something; he did the math, and by leaving it alone, he gets $22,000 a day (I may be severely mis-remembering the numbers, but you get the idea)  by doing literally nothing . He sees a truck on TV that he wants? He says to himself, ‘I can buy the top trim of that truck in five days.’ He waits, he pulls the cash, he buys. Same with everything else.

I’d do the same, and spend my weekends traveling to track days. Weekdays, maybe I’d volunteer places, and I’d stipulate in my will that some percentage goes to family, and the rest to an executor who would invest in a similar manner perpetually, then pay it forward to charities as the portfolio value grows.

But if you win, you do you.

Turbineguy: Nom de Zoom > aquila121 10/20/2018 at 14:10

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on the impossible chance that we won, I wouldn’t be the only person still coming to work

This made me laugh. In my last job we had a lottery pool, and there was one older guy (a real stiff too) who only played because he didn’t want to be the last one left if the pool did win. Had a long discussion with my wife about this last night, and the bulk of the $$ would go to charities donated by our foundation. Because karma.

Most of the sad lottery stories are from people who won a few million (up to 10M or so) and not knowing how to manage money pissed it all away in just a few years and ended up broke . Dumb purchases, bad investments, friend/relatives/strangers coming at them with their hands out - all wore them down. I think the key to survival here i s learning how to say no thanks (or f you) with a smile.

Turbineguy: Nom de Zoom > Highlander-Datsuns are Forever 10/20/2018 at 14:14

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Wait.. The ‘85 288 GTO or the original ‘64?

Either way - you, sir, ARE A MONSTER AND MUST BE STOPPED.

aquila121 > Turbineguy: Nom de Zoom 10/20/2018 at 21:35

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I'm quite sure that you're not wrong.