Author Topic: Latest news Master thread  (Read 15932 times)

Offline sguitarist18

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Re: Latest news Master thread
« Reply #40 on: June 22, 2022, 12:11:02 AM »
$52 million isn't generational money - he'll be able to live a nice well-to-do life if he invests it properly; I certainly wouldn't call him a gvir (adjective used by one of the Jewish news sites). And based on his decision to subscribe (?!) to the lotto - he needs a good fiduciary advisor ASAP.

How is that not generational money? If it gets even 1.5% real returns, that's an income of $750k/yr, while leaving the capital intact.

It's not "buy 3 houses and 4 Bentleys a year" generational money, is that what you mean?

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Re: Latest news Master thread
« Reply #41 on: June 22, 2022, 12:18:31 AM »
How is that not generational money? If it gets even 1.5% real returns, that's an income of $750k/yr, while leaving the capital intact.

It's not "buy 3 houses and 4 Bentleys a year" generational money, is that what you mean?

“But in 50 years each of the 10 kids will get $5m, and with inflation, that’s going to be worthless.”
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Offline Euclid

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Latest news Master thread
« Reply #42 on: June 22, 2022, 12:35:03 AM »
How is that not generational money? If it gets even 1.5% real returns, that's an income of $750k/yr, while leaving the capital intact.

It's not "buy 3 houses and 4 Bentleys a year" generational money, is that what you mean?
It's enough money to support a family (including starting off married children) very nicely, but that's it. His kids will still need to work; and this certainly isn't turning him into the next {{insert your community's big gvir here}}.

Offline EliJelly

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Re: Latest news Master thread
« Reply #43 on: June 22, 2022, 12:45:48 AM »
So he's not becoming Rothchild but 50 mm definitely makes you a gvir.

Offline sillypainter

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Re: Latest news Master thread
« Reply #44 on: June 22, 2022, 12:55:24 AM »
It's enough money to support a family (including starting off married children) very nicely, but that's it. His kids will still need to work; and this certainly isn't turning him into the next {{insert your community's big gvir here}}.

Are you really that jealous? 50 million is impossible to spend.

Offline Euclid

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Re: Latest news Master thread
« Reply #45 on: June 22, 2022, 01:12:56 AM »
Are you really that jealous? 50 million is impossible to spend.
Whoa, whoa. On the contrary, I think this amount is a sweet spot where you retain your normal way of living (but more comfortable and less daagos).

I'm just bothered by how the news sites are making it sound like he's the next big gvir who's going to be donating buildings left and right. If he's responsible with the money and wants to be able to start his kids off - the $50 million will need to be invested and distributed responsibly. In that sense, $50 million is quite easy to "spend".

Offline TimT

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Re: Latest news Master thread
« Reply #46 on: June 22, 2022, 01:28:13 AM »
From public sources:

Herman K Kahan
851 Kent Ave
Brooklyn NY 11205
(718) 486-6668

No idea if that's him. This guy is frum though.
I heard he’s from BP

Offline TimT

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Re: Latest news Master thread
« Reply #47 on: June 22, 2022, 01:30:41 AM »
50 million isn’t enough to be a gvir ? Then they can keep their 50 mil & I want my $2 back.

Offline jj1000

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Re: Latest news Master thread
« Reply #48 on: June 22, 2022, 05:51:25 AM »
Whoa, whoa. On the contrary, I think this amount is a sweet spot where you retain your normal way of living (but more comfortable and less daagos).

I'm just bothered by how the news sites are making it sound like he's the next big gvir who's going to be donating buildings left and right. If he's responsible with the money and wants to be able to start his kids off - the $50 million will need to be invested and distributed responsibly. In that sense, $50 million is quite easy to "spend".
Agreed. I don't know why @sillypainter made an are you that jealous comment. They say 50% of lottery winners lose it all pretty quickly. And end up miserable in life more so than before.

He definitely has the potential to become extremely wealthy with that much liquid capital. I think people are defining generational wealth differently as well.

If he's a frum guy with 6 kids and those kids all have 6 kid's this isn't even close to the type of money where all of them are set for life. And that's just 2 generations, by the 3rd generation they can each get 1 years salary and the money is  gone.

Now the question is what is the right move for him investment wise.
« Last Edit: June 22, 2022, 05:54:35 AM by jj1000 »
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Re: Latest news Master thread
« Reply #49 on: June 22, 2022, 07:19:21 AM »

Now the question is what is the right move for him investment wise.

If you have a way to reach him, my cousin has this opportunity that's guaranteed, and will earn 27% the first year, and likely grow every year after that. We just need 18 more people to sign up.

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Re: Latest news Master thread
« Reply #50 on: June 22, 2022, 07:56:39 AM »

Offline Realshlomo

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Re: Latest news Master thread
« Reply #51 on: June 22, 2022, 08:45:10 AM »
This old reddit thread has long convinced me I would not want to win the lottery. Language warning:
https://www.reddit.com/r/AskReddit/comments/24vo34/whats_the_happiest_5word_sentence_you_could_hear/chb4v05?utm_medium=android_app&utm_source=share&context=3
Wow can't believe I just read the whole thing.

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Re: Latest news Master thread
« Reply #52 on: June 22, 2022, 09:00:05 AM »
If you have a way to reach him, my cousin has this opportunity that's guaranteed, and will earn 27% the first year, and likely grow every year after that. We just need 18 more people to sign up.

The Gmail guy in the ad was offering 70%+ annually…
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Re: Latest news Master thread
« Reply #53 on: June 22, 2022, 09:01:45 AM »
It's enough money to support a family (including starting off married children) very nicely, but that's it. His kids will still need to work; and this certainly isn't turning him into the next {{insert your community's big gvir here}}.

Your average DDFer doesn’t make $750k/year AFAIK, so how is this not set for life?
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Offline YitzyS

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Re: Latest news Master thread
« Reply #54 on: June 22, 2022, 09:03:38 AM »
This guy is definitely Jewish by the fact he took the lump sum. Now he can be back on Food Stamps next year.  ;)

Offline Euclid

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Re: Latest news Master thread
« Reply #55 on: June 22, 2022, 09:08:53 AM »
Your average DDFer doesn’t make $750k/year AFAIK, so how is this not set for life?
Ideally he wouldn't be (all) withdrawing of those earnings, they would be reinvested. 

Offline Sam 77

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Re: Latest news Master thread
« Reply #56 on: June 22, 2022, 09:14:26 AM »
Does New York offer anonymous pickup winner?

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Re: Latest news Master thread
« Reply #57 on: June 22, 2022, 09:15:47 AM »
Ideally he wouldn't be (all) withdrawing of those earnings, they would be reinvested. 

Just makes the question bigger.
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Online AsherO

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Re: Latest news Master thread
« Reply #58 on: June 22, 2022, 09:16:40 AM »
Does New York offer anonymous pickup winner?

Apparently the law recently changed and you can. Hard to keep $50m a secret.
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Offline WonderingYid

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Re: Latest news Master thread
« Reply #59 on: June 22, 2022, 09:18:24 AM »
I think it’s time for a poll:
Do you still want to win the jackpot after seeing what this guy is going through with everyone googling your name and trying to figure everything out about you?

Does New York offer anonymous pickup winner?

No, but someone in NY successfully sued to remain anonymous.