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In Reply to: RE: What to buy with the Mega-Millions winnings posted by BobM on March 29, 2012 at 09:58:04
Then, I'd buy Romanee Conti and only sell the wine via charity auctions.
And, then, I'd buy a small solar power company and get back from Uncle Sam all the money I spent on MBL and Romanee Conti!
;D
Follow Ups:
First off the 540 million is via 20 year payout. If you take the cash lump sum, it's gonna be like $300,000,000.
Then take a third of that out for taxes. Better yet half to be safe (if you overpay you get it back, if you underpay, you go to jail)
So now you got $150,000,000
Do you REALLY think MBL is worth less than $150 million? no way dude.
`
Smile
Sox
Unless MBL has business out of the realm of Hi Fi, I ain't thinking it's that valuable.
And a crib in New York for long jazz fix weekends.
I like your crib in NYC idea.
They acquire MBL with OPM (Other Peoples Money) and you get control for sharing the Board with them and a few other Bankers.
You write-off your listening sessions which take place on board your mega-Yacht or at one of your Palaces (mortgaged to the hilt at the Broker Call Rate) as Research.
When the inevitable collapse occurs, the banks are out millions; you walk away unscathed.
With 300MM, Elizabeth, you don't BUY things...that's so Middle Class!
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