You hit the mega millions jackpot.

$1.2 billion payout, but you took the cash option and walk away with $750 million.

They send you a form for where you want the money sent.

Now what? What do you do?

I'd like to hear what everybody's plan would be.

I'd put it all on Home Depot stock

There was a thread on here many years ago where someone had a friend that had helped a few huge winners. Their plan was always to get out of the country asap after claiming. You'd have all your requests in for house(s), etc. You would come back a few months later and the team would have everything worked out for you.

I think you'd have to find a private bank to deal with that kind of cash.

You'd also need a manager to handle it day to day.

I don't know what the strategy would be other than to spread it around as much as possible.

Confirm a buy for $750M with the OTC bitcoin desk and put send it to cold storage, maybe 10% into easy to use methods.

Work on Inheritance from there.

Yeah, I agree with you on that.

Swiss private banking is your best bet all things considered.

Another strategy would be to buy the most expensive asset you can find ... like a super-yacht ... and borrow against that asset to do whatever you want to do after that. thats Cayman Islands all day every day. thats their rice bowl.

Thats a very common strategy for the ultra rich. Most people have no idea what goes on behind the scenes. But if you always wonder why billionaires always have a super yacht, thats why. Its a tax strategy, and a strategy for preserving wealth.

Most of the time buying a boat is a money sink, unless its a super yacht type situation, in which case its one of the smartest things you can do.

After thinking about it for a few days, that would be my strategy with $750 million in today's environment.

Stat Monitor Repairman said:

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Yeah, I agree with you on that.

Swiss private banking is your best bet all things considered.

Another strategy would be to buy the most expensive asset you can find ... like a super-yacht ... and borrow against that asset to do whatever you want to do after that. thats Cayman Islands all day every day. thats their rice bowl.

Thats a very common strategy for the ultra rich. Most people have no idea what goes on behind the scenes. But if you always wonder why billionaires always have a super yacht, thats why. Its a tax strategy, and a strategy for preserving wealth.

Most of the time buying a boat is a money sink, unless its a super yacht type situation, in which case its one of the smartest things you can do.

After thinking about it for a few days, that would be my strategy with $750 million in today's environment.

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you could also buy a lot of AMZN, GOOG, etc and borrow at like 1% against those holdings.

Ragoo said:

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Stat Monitor Repairman said:

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After thinking about it for a few days, that would be my strategy with $750 million in today's environment.

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you could also buy a lot of AMZN, GOOG, etc and borrow at like 1% against those holdings.

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1mo SOFR is a practical floor on pledged lending. It takes subsidies (no spread) to get down to that, so would only be done by a financial institution to protect/win other business. Even so, 1% lending at current rates is not doable. 3% would be about as cheap as someone that pledged a few hundred million could get on a floating rate today.

The yacht/asset strategy is interesting. But I feel like that could be a drunken captain, some insurance fine print, and/or maybe an insurance company going belly up at the wrong time away from disaster. I know it's a strategy many employ, but I'd wanna be a lot more diversified than some of these massively expensive assets would offer

Yeah, I have a couple dozen close friends and family who would get a nice piece of the action (low 7 digits each) - but extremely clear it was a one time thing so do not ask. They could blow it, invest it, completely up to them.

I'd endow my offspring and their kids via trusts for education type expenses, and down payments on first homes.

I'd endow a fund through the church that went to preachers, missionaries and youth ministers.

I'd definitely add a mountain home in Colorado and I'd great trade up my little farm, then a modest beach house in the Caribbean.

I'd get to quite about 7 years earlier than otherwise planned.

Lots of good ideas already shared. I would set up a charitable trust as well. Tightly define my ideas of charitable gifts, and then have a board that manages it. That way, when everyone starts asking for money I have a place to send them. I can blame the board for not giving them money.

I would pay off debts for immediate family; also set up 7fig funds where they could withdraw 3% from safely annually

Mountain home

Invest in stocks

Capital investing on smaller projects

Complete current project

https://www.wsj.com/amp/articles/buy-borrow-die-how-rich-americans-live-off-their-paper-wealth-11625909583

I would buy real estate and probably utility sector ETF and some other ETFs. Setup cash flowing investments.

Also some vacation homes, some to charity, and set aside some for high risk business investments.

Open up a Swiss bank account and get with people who know how to create trusts for members of the family.

Buy some acreage in Montana, the Bavarian Alps, and/or Italy. Nothing huge or expansive, but a piece of land that is quiet and mine and mine only.

I'd buy a Leica M6 and travel and take heaps of pictures with it. I'd like to open a photography studio that had community dark rooms to try and keep film photography alive. Maybe buy or open little cafe in a small town somewhere that probably won't make me any money but give me something to do.

Donate large sums to projects I've volunteered with and children's hospitals across the world.

setup family
setup a foundation for various charities/TAMU
build a ranch compound that's completely self sustaining
replicate that somewhere near a beach
relax

Set up LLC/Trusts for kids

One time payments for my extended family & maybe some really good friends.

Buy a ranch...1500-3500 acres ish & build compound. Have some buffalo. Shooting range. Skeet range. Nice stocked tank.

Donate my money & time to some worthy causes:
*Pancreatic cancer research in memory of my Mom.
*My hometown Church.
*Fightin' Texas Aggies
*Foster Kids
*Veterans
*Buy a nice chunk of land & do some restoration. Donate it to the State of Texas for a new State Park so as to save it from developers.

Travel the world a few months out of the year to:
*Scuba *Hunt *See cool stuff *Do cool things (Bringing my kids along as their schedule allows)