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Take off $10M for doing some of the things mentioned above - clearing debts, a few choice properties, cars - and leave at least $1M for a straight up donation ...
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  1. #11
    Established Member djfuzz's Avatar
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    Re: Lotto AU$90,000,000.00 - what to do with it?

    Take off $10M for doing some of the things mentioned above - clearing debts, a few choice properties, cars - and leave at least $1M for a straight up donation to charity.

    Put half of it into a 5% interest bearing savings account, and half invested diversely but a bit more aggressively. So you get about $38,500 per week in interest. Again, send $6,000 of that to family and friends, and $2,500 to charity.

    That leaves at least $30,000 per week - I'd say you could probably live off that, while nursing the other investments as well.

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  3. #12
    Moderator straitman's Avatar
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    Re: Lotto AU$90,000,000.00 - what to do with it?

    Quote Originally Posted by Alanslegal View Post
    At the Merc dealer last week and was suggested to go take a quick look at the Mercedes Benz SL65 Black Series. There is only one of them in NSW and five Australia wide, so this car will be a very rare sighting in actual flesh! (The NSW model is already sold though).

    Ok, the driveaway price is $750K but that's only 0.008% of your net worth if you win the $90M
    Alanslegal,

    Too many zeros there.

    Should be 0.83%
    cheers,
    Bill.

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  4. #13
    Member Sunstar320's Avatar
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    Re: Lotto AU$90,000,000.00 - what to do with it?

    This is what I would do:

    Firstly do this at my house:

    cant be complete without a..




    Dont forget to add a trip to the graveyard to get some classics..



    and mabye buy a few islands..


  5. #14
    Member yo yo ma's Avatar
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    Re: Lotto AU$90,000,000.00 - what to do with it?

    ............................
    Last edited by yo yo ma; 29th June 2009 at 03:12 PM. Reason: posted wrong info

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  7. #15
    Moderator straitman's Avatar
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    Re: Lotto AU$90,000,000.00 - what to do with it?

    Quote Originally Posted by yo yo ma View Post
    I got the same answer as Alanslegal...

    750,000 / 90,000,000 = 0.0083%
    OK.

    1 million over 90 million is 1.11% therefore 3/4 of 1 million is 3/4 of 1.11% which equals .83%

    .0083 is numerically correct but when expressed as a percentage it become .83%
    cheers,
    Bill.

    Oz Fest #12 - Bay of Islands, New Zealand - Memorial Day Weekend, May 22-25, 2015


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  8. #16
    Moderator serfty's Avatar
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    0.83% ≡ 0.0083 ...

  9. #17
    Member yo yo ma's Avatar
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    Re: Lotto AU$90,000,000.00 - what to do with it?

    Quote Originally Posted by straitman View Post
    OK.

    1 million over 90 million is 1.11% therefore 3/4 of 1 million is 3/4 of 1.11% which equals .83%

    .0083 is numerically correct but when expressed as a percentage it become .83%
    hehe... I just realised that and deleted my post... you were too quick!

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  11. #18
    Member stuartfaz's Avatar
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    Re: Lotto AU$90,000,000.00 - what to do with it?

    Not gonna lie, part of me would be tempted to go straight to Crown and put it all on Red. Double or nothing before I get too attached

    But yeah, not sure what I'd do with that much money, probably go on a spree with part of it and then save the rest.

    As an aside...how much do you reckon they'd want for the North Island of NZ?

  12. #19
    Posting Enthusiast JohnK's Avatar
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    Re: Lotto AU$90,000,000.00 - what to do with it?

    I wouldn't pay off the mortgages as I am still able to negative gear them.

    I would give some of the money to my parents, my brother, buy gifts for some friends and go on a luxury 6 month cruise round the world.

    After I return I will use a fair proportion of the money to buy land and build dormitory style apartments for the homeless....

  13. #20
    Established Member Alanslegal's Avatar
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    Re: Lotto AU$90,000,000.00 - what to do with it?

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    Quote Originally Posted by straitman View Post
    Alanslegal,

    Too many zeros there.

    Should be 0.83%

    You're correct [I've edited my post accordingly]

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