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Am I the only one sick and tired of not winning the lottery?

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Blanka:
The end-of-the-year lottery in the Netherlands is ---That which is odiferous and causeth plants to grow---. It has a 30.000.000€ grand prize, which takes up 40% of all prize money. The other half is spend on prizes just enough to buy a ticket for the next round. I rather see 300 prizes of €100.000 or even 3000 of €10.000. It is just plain stupid this way.

Samstag:

--- Quote from: Vigo on December 30, 2011, 12:52:19 pm ---I was going off of an average fed bond payout of 5.4%, and a friend of mine who is a high end financial advisor guarantees a min 5% on return annually (averaged over a course of a decade i believe) when he is given full control over the investments. I don't know if minimum investment needed for the guarantee, but I am sure a powerball winner would meet that amount.



--- End quote ---

Where are you getting that 5.4% fed bond figure?  That kind of interest isn't available these days.

BobA:
I will never win the big one but if you do in Canada there are no taxes to be paid.   If it is 50 million you get 50 million  :D :D

Vigo:

--- Quote from: Samstag on December 30, 2011, 06:51:55 pm ---
--- Quote from: Vigo on December 30, 2011, 12:52:19 pm ---I was going off of an average fed bond payout of 5.4%, and a friend of mine who is a high end financial advisor guarantees a min 5% on return annually (averaged over a course of a decade i believe) when he is given full control over the investments. I don't know if minimum investment needed for the guarantee, but I am sure a powerball winner would meet that amount.



--- End quote ---

Where are you getting that 5.4% fed bond figure?  That kind of interest isn't available these days.

--- End quote ---

Yeah, that 5.4% number is the average long term federal bond average over the last 25 years or something I believe. May not be in current play, but long-term historical average. My buddy's firm still is holding that 5% gurantee as well, although it is only offered though a certain grade of financial advisors. That guarantee is calculated by averaging over a decade or a long-term timeframe like that.

Vigo:

--- Quote from: BobA on December 30, 2011, 10:28:03 pm ---I will never win the big one but if you do in Canada there are no taxes to be paid.   If it is 50 million you get 50 million  :D :D

--- End quote ---

Yeah, might not improve odds of winning, but the winner will definitely feel better about their winnings. I think that is how it should be.

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