What to do if you win the lottery. https://www.iwillteachyoutoberich.com/blog/win-lottery-what-...
Ask HN: What to do after $8M (all cash, post tax) exit?
521–530 of 531 posts
Re: Ask HN: What to do after $8M (all cash, post tax) exit?
#522Invest: - some in crypto - some in a few angel rounds - put some aside as the stock market will crash and you'll be able to buy most stuff at 80% (or more) discount
Very funny, you almost had me.
Re: Ask HN: What to do after $8M (all cash, post tax) exit?
#523spend it on hookers and cocaine
Re: Ask HN: What to do after $8M (all cash, post tax) exit?
#524How can I find an opportunity which can result in making $8M? Do I have to get at least 5% of the company?
Re: Ask HN: What to do after $8M (all cash, post tax) exit?
#525 start anon profit put in all moneis.start at 8miil then reinvest the 8ook interest less 80k salary +320k to charities
that gets 8,400,000
then 840k -(80ksalary+380kdonate)
then 8,780,000
then 878,000
then 9,658,000
then 965,800 965,800-(80ksalary+442,900donate)
+442900
then 10,100,900
when you get to 11,000,000
increase salary to 100k.
always 1/2 back in 1/2 to donate.
when you get to 15,000,000 increase salary to225k
always donate 1/2 back before you take out salary and donation.
Cap salary at375k,
donate to shrine's,st Jude, wounded warrior make wish proportionately.
there will be some compounding yearly.
in 20 years surprise.
" GOD BLESS"Re: Ask HN: What to do after $8M (all cash, post tax) exit?
#526You just need to smoke that rapper weed and dmt
Re: Ask HN: What to do after $8M (all cash, post tax) exit?
#527Congratulations! This is a blessing, not a burden. You are not "average." You saw something in this business that made you want to work there, you took stock and held it, and it paid off. Some luck, sure, but also good business sense. You're also good with money, not average. How many 43 year old's do you know that have a house and two cars that are paid for? Nothing average there.
Focus on you and your family, not on the money. Take this opportunity to teach your children about money and giving, go back to school, or follow that passion you've always had.
As far as what to do now, find a good family attorney, you now need a will! He or she can also help with the money. I think putting it in a 6 month CD so you can take time to think about your future is a great idea. That way, when everyone comes to you for a loan, and they will, you can say, sorry, the money is all tied up now. Take some of the money and enjoy it. Go on a nice family vacation, buy that new car you always wanted, donate to your church, the Salvation Army, Red Cross, or your neighbor who is down on his luck and needs some help. In the interim, keep the simple life you have, keep working, and feel good about yourself. You don't seem average to me, I think you're a very smart guy. Congratulations again, and good luck! Tom.Re: Ask HN: What to do after $8M (all cash, post tax) exit?
#528Earlier quoted context omitted.
$SPY has lots of room to go. This bull market is just starting to simmer until the market tells us otherwise. Further to that, for many, me excluded, time in the market is better than time in the market. If you can afford to just leave all your money in the market, overtime, statistically, it has been proven to get better returns when we recover. Suppose OP drops $8M into the market and it dips to $150, it will likel…
I think you meant time in the market is better than timing the market. However your advice rings true.
Yeah oops. For most, time in the market is better than timing the market.
Re: Ask HN: What to do after $8M (all cash, post tax) exit?
#529When I retired I went through a process of reverse engineering my life...basically creating a dialog between the factors that I thought contributed to life satisfaction and how I rated different jobs, hobbies, projects, etc that I had been involved in. The objective was to see if my story correlated. (Hint, it didn't.) Once I had a list of more-or-less verified factors, now verified, I then listed all things I imagined that I might do next and evaluated them on those criteria. I picked the three that ranked the best and started exploring. 5 years in, this seems to have worked well.
Re: Ask HN: What to do after $8M (all cash, post tax) exit?
#530Earlier quoted context omitted.
Wouldn't you need about 4% per year to break even with inflation? Can you safely invest at 7-8%?
You can search for "the 4 percent rule" or "trinity study" if you're curious about more. But basically, stock markets over long time average 7-8%. Subtracting inflation gives you a rule of thumb of 4% that historically would have worked. Of course, the future might not match. But the studies also use a fixed withdrawal rate throughout. One could further mitigate the risk by having a small side-income some years, redu…
So last year based on new treasuries issuance the neutral rate was 6.2% before unbacked credit emissions like student loans.