If you won on a lottery scratch off ticket?

Hansen Josif · Feb 28, 2017

Yes it is

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VSprinter · Feb 28, 2017

Ragman said:
Where can you get 5%? I want some of that!

ING Direct is only one that pays 3% on savings account. Don't know if anybody else goes that high.

VSprinter · Feb 28, 2017

LDB said:
Nope. That $100k would be worth $70k a week from Tuesday and $10k in 7-8 years. Yeah, there's income being generated but the 60/40 split of van revenue minus expenses isn't going to be much. I'd find two really good houses I could lease out and put $40k down on each one with a $10k Murphy repellent reserve for each. A week from Tuesday they're still going to be worth 99-101% of what they're worth today. In 7-8 years they're going to be worth far more than $10k, hopefully more than today. They're going to generate a monthly income probably equal to the split on a pair of vans and they'll still be doing the same not only in 7 but 17 and 27 years from now when the van is almost nothing but rust dust.

Ditto

Hansen Josif · Feb 28, 2017

I like business minded people

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Moot · Feb 28, 2017

If I won $100,000 I'd buy my old friend Billg some Penda wheelwell liners, Michelin tires on Alcoa rims, Opt 7 LED headlighst(low and high beam) and a spare giubo.

LDB · Feb 28, 2017

Is that giubo thing the deal that holds the turn signal fluid?

Treadmill · Feb 28, 2017

LDB said:
Is that giubo thing the deal that holds the turn signal fluid?

Ah, no.

Mailer · Feb 28, 2017

billg27 said:
If you won $100,000 clear after taxes, would you buy a couple of new Transits and outfit them for drivers? I've been watching this and I believe the first response would be no, save the money. But, these vans would have no payments on them. Does everyone still feel it's too risky? Thinking it could potentially provide a retirement income for me.

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That's a win money. A sort of fortunate bonus. I'd leave in a safe account. Five to seven years from now, it's still going to be there.

Business funding gotta to come from somewhere else.