One winner in Friday's lottery. Jaw dropping 1.337 Billion.. winner in Illinois (not me)

[Stuart G]

There was one winner in Friday's Mega Millions drawing, where numbers for the jaw-dropping $1.337 billion. Tuesday's jackpot is $20 million.

[bucolic_frolic]

1. Stuart, do a search anyway, will ya? That's a lot a dough.

Maybe you'll find it in a parking lot.

[brush]

2. He/she better keep it anonymouse or they'll be beseiged....

Last edited Wed Aug 3, 2022, 08:48 PM - Edit history (2)

in requests from every relative, friend/past friend, investment advisers and financial planners on the planet.

And at 1.3 billion I don't see why he/she would ever need an investment advisers or financial planners.

You can live it up for a few years without a worry...then just live off the interest, which will be quite a regular and recurring sum in itself.

[Stuart G]

4. You know who pays good interest? The Federal Reserve Bank pays good interest. Yes, the same

bank/source that prints your money. I would say that this bank is reliable. (maybe not..:hide)

This is the big bank in Washington D.D. & the bank pays on time, all the time. & Yes, I got proof.
I bought a bond from them in 1996...and every year. because of the bond, they put 6.9% of the
bond in my checking account. I cannot describe it more than say every year the bank pays interest
on the bond. (it is a 30 year bond) Yes, this bank is ..........reliable...

On a $20.00 bill it says at the very top...."Federal Reserve Note"

And yes, anybody can set up an account there. I sent them a certified check to set up an account for a 10 year note
and then when the bank accepted the certified check, the next one was a regular check which the bank also accepted

In the 80s sometime, the law was changed so anyone could purchase their bonds. Before the law was changed,
only banks could buy these bonds. Now anyone can. With reliable money, like a certified check

No, I do not know what the current rate on a 30 year bond is...you can go by asking google search .
But the rate in 1996 on interest was high, very high. It has gone down quite a bit since then

[brush]

6. Hey, that's good info. Thanks. Better than CDs, ETFs, spiders, mutual funds and the like.

[Stuart G]

7. Yes, at the time it was a very high interest rate. Current rate is in post below:

Last edited Wed Aug 3, 2022, 10:50 PM - Edit history (20)

I suspect that a 30 year bond is still at a...high interest rate.. current rate:
30 Year Treasury Rate is at 3.00%, compared to 2.92% the previous market day and 1.86% last year.

I found this on google search ..........Ask for rate of interest on ...30 year bond? google search will tell you each day.

for example: Verison : a well known phone company, out East pays over 5 and 1/2% dividend rate, if you buy its stock.
here is the link to info on this stock https://www.google.com/finance/quote/VZ:NYSE?hl=en

You do know google search has information about almost "EVERYTHING", IS THAT CORRECT? Ask the correct question.

No, I am not recommending this stock just giving information. Verison is well known to millions of people who use its service, buy its phones, and invest in its stock. I guess the company repairs it broken lines when that
happens. It's a phone company, and that is very important for people to stay in communication. Life and Death.
Phone companies often have a reputation of treating employees well, and making money. These are so called "good
companies" whatever that means, not the so called ..."bad companies" whatever that means. And I don't know zero.

Google Search knows ....EVERYTHING...

[Fla Dem]

3. What's the percentage reduction if taken in a lump sum?

Isn’t it around 30%?

[Stuart G]

5. I don't know..It ain't me.

In the long run, I have received more in interest than the bond is worth. From a reliable bank no less....Much more