Comments on: Invest lottery winnings in the California? http://www.the-lotto-guide.com/what-is-the-best-and-safest-way-to-invest-lottery-winnings-of-8-million-or-more-in-the-state-of-california.html Online lotto games, lottery site reviews, articles, news, shopping and other resources Tue, 07 Feb 2012 09:44:04 +0000 hourly 1 http://wordpress.org/?v=3.1.4 By: Andy http://www.the-lotto-guide.com/what-is-the-best-and-safest-way-to-invest-lottery-winnings-of-8-million-or-more-in-the-state-of-california.html/comment-page-1#comment-497 Andy Sun, 08 Feb 2009 01:10:01 +0000 http://www.the-lotto-guide.com/lotto-tips/lotto-questions/what-is-the-best-and-safest-way-to-invest-lottery-winnings-of-8-million-or-more-in-the-state-of-california#comment-497 Move to Nevada and stop paying CA income tax ... that'd save you 8% off the bat ... How much is that per year ? about 625k ? You'll probably spend the first few years on a house and stuff ... after that I'd put it into a 50/50 mix of bonds and stocks. I'd go with Vanguard and let them help you pick out a few funds. Make sure you hire a good tax person ... they will be worth it. Move to Nevada and stop paying CA income tax … that’d save you 8% off the bat …

How much is that per year ? about 625k ?

You’ll probably spend the first few years on a house and stuff … after that I’d put it into a 50/50 mix of bonds and stocks. I’d go with Vanguard and let them help you pick out a few funds.

Make sure you hire a good tax person … they will be worth it.

]]> By: sammy http://www.the-lotto-guide.com/what-is-the-best-and-safest-way-to-invest-lottery-winnings-of-8-million-or-more-in-the-state-of-california.html/comment-page-1#comment-496 sammy Fri, 06 Feb 2009 10:56:39 +0000 http://www.the-lotto-guide.com/lotto-tips/lotto-questions/what-is-the-best-and-safest-way-to-invest-lottery-winnings-of-8-million-or-more-in-the-state-of-california#comment-496 Penny stocks...low investment for a possible high return. Example...You watch a stock for a few weeks, read boards, watch the news...the stock looks good. It is selling for .50...buy 50,000 shares for $25,000. Hold onto it until it goes up...even if you sell at $1...you make $25,000 on top of your investment. If the stock reaches $10, which is a good possibility depending on the stock you invest in, you just made $475,000 after you subtract your initial investment. Just be careful when doing your research. $25,000 is more than a lot of people make in a year. Only invest what you can afford to lose. Penny stocks…low investment for a possible high return. Example…You watch a stock for a few weeks, read boards, watch the news…the stock looks good. It is selling for .50…buy 50,000 shares for $25,000. Hold onto it until it goes up…even if you sell at $1…you make $25,000 on top of your investment. If the stock reaches $10, which is a good possibility depending on the stock you invest in, you just made $475,000 after you subtract your initial investment. Just be careful when doing your research. $25,000 is more than a lot of people make in a year. Only invest what you can afford to lose.

]]> By: Swaminathan P http://www.the-lotto-guide.com/what-is-the-best-and-safest-way-to-invest-lottery-winnings-of-8-million-or-more-in-the-state-of-california.html/comment-page-1#comment-495 Swaminathan P Wed, 04 Feb 2009 09:06:08 +0000 http://www.the-lotto-guide.com/lotto-tips/lotto-questions/what-is-the-best-and-safest-way-to-invest-lottery-winnings-of-8-million-or-more-in-the-state-of-california#comment-495 the best way is the fund earned along with important events and alubum be deposited in Pacific Ocean that will be much more safer deposit. some one at least after few centuries may exacavate and take a move like tatanic and you will have fame. the best way is the fund earned along with important events and alubum be deposited in Pacific Ocean that will be much more safer deposit. some one at least after few centuries may exacavate and take a move like tatanic and you will have fame.

]]> By: older http://www.the-lotto-guide.com/what-is-the-best-and-safest-way-to-invest-lottery-winnings-of-8-million-or-more-in-the-state-of-california.html/comment-page-1#comment-494 older Mon, 02 Feb 2009 19:07:36 +0000 http://www.the-lotto-guide.com/lotto-tips/lotto-questions/what-is-the-best-and-safest-way-to-invest-lottery-winnings-of-8-million-or-more-in-the-state-of-california#comment-494 check with a brokerage agent for details. talk to him about "mutual funds" they are safe but not as safe as government bonds. your local bamk also has a dept. that handles that sort of thing. mutual funds usually have a higher rate of return. on a mutual- if you leave the money in then they use the dividens earned each month and but you more shares but you can take any amount of money out whenever you want. i have mutuals check with a brokerage agent for details. talk to him about “mutual funds” they are safe but not as safe as government bonds. your local bamk also has a dept. that handles that sort of thing. mutual funds usually have a higher rate of return. on a mutual- if you leave the money in then they use the dividens earned each month and but you more shares but you can take any amount of money out whenever you want. i have mutuals

]]> By: Shooperman http://www.the-lotto-guide.com/what-is-the-best-and-safest-way-to-invest-lottery-winnings-of-8-million-or-more-in-the-state-of-california.html/comment-page-1#comment-493 Shooperman Mon, 02 Feb 2009 03:16:33 +0000 http://www.the-lotto-guide.com/lotto-tips/lotto-questions/what-is-the-best-and-safest-way-to-invest-lottery-winnings-of-8-million-or-more-in-the-state-of-california#comment-493 This is a very tough question to answer without knowing more about you and what you want to accomplish. I have been giving financial advice for over 28 years... and I would NEVER tell someone what to do with that kind of money over the phone and/or over the Internet. Although there are very safe investments to choose from (other than bank accounts), such as: fixed annuities, equity indexed annuities, tax-free muni bonds, and U.S. government bonds (not savings bonds as their rates are incredibly low right now), my advice to you is to find a financial planner that you like and trust. That may mean having to interview 2 or 3 planners, but it important that you like their style and that you trust their advice. The best way to find a financial advisor is to talk to family and/or friends. Find out of any of them like who they work with and get a referral. Good luck! This is a very tough question to answer without knowing more about you and what you want to accomplish. I have been giving financial advice for over 28 years… and I would NEVER tell someone what to do with that kind of money over the phone and/or over the Internet.

Although there are very safe investments to choose from (other than bank accounts), such as: fixed annuities, equity indexed annuities, tax-free muni bonds, and U.S. government bonds (not savings bonds as their rates are incredibly low right now), my advice to you is to find a financial planner that you like and trust. That may mean having to interview 2 or 3 planners, but it important that you like their style and that you trust their advice. The best way to find a financial advisor is to talk to family and/or friends. Find out of any of them like who they work with and get a referral.

Good luck!

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