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07-19-2015, 10:50 AM
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#76 | | I *heart* Revscene.net very Muchie
Join Date: Apr 2006 Location: 3rdrckfrmthesn
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Invest principal(commercial property mostly) and just live off interest after you've bought the staple stuff you want(house, cars, etc). 50 million is no joke and should keep a few generations of ones family set up forever.
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07-19-2015, 10:56 AM
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#77 | | WOAH! i think Vtec just kicked in!
Join Date: Apr 2004 Location: Vancouver
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Am I the only one that thinks Maximillions should be like maxi 3 millions or something? And have less Maximillions? and keep the jackpot capped at 50 Million?
I rather have more Winners winning less money, then 1 Big winner winning $55 Million.
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07-19-2015, 11:33 AM
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#78 | | My homepage has been set to RS
Join Date: May 2011 Location: Langley
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^yeah I would like that too! Having more million dollar prizes instead of having just won huge payout!
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07-19-2015, 12:33 PM
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#79 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Feb 2010 Location: Vancouver
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I agree. The more MaxMillions winners, the better.
RS group buy for LottoMax? 
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Go Canucks go!
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07-19-2015, 01:00 PM
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#80 | | I *heart* Revscene.net very Muchie
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Definitely need more winners. Even a million is not small potatoes. A life changer for most people I'm sure.
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07-19-2015, 02:56 PM
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#81 | | I WANT MY 10 YEARS BACK FROM RS.net!
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Down payment on a Yaletown condo?
__________________ Quote:
Originally Posted by Godzira  Does anyone know how many to a signature? | ..
Quote:
Originally Posted by Brianrietta Not a sebberry post goes by where I don't frown and think to myself "so..?" | | |
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07-19-2015, 04:26 PM
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#82 | | I contribute to threads in the offtopic forum
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Even a million would be nice. Buy a $400,000 townhouse in coquitlam or richmond for living. Use the rest for another condo or two and just collect rent, while getting education on the side.
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07-19-2015, 08:45 PM
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#83 | | ...in the world.
Join Date: Oct 2001 Location: Richmond
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I would never tell a soul. No one unless I was married and then only my wife.
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07-19-2015, 09:04 PM
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#84 | | I contribute to threads in the offtopic forum
Join Date: Jun 2013 Location: SRY
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if i won a million i wouldn't tell anyone. i would just buy a couple of non-flashy car's and call it a day.
now if i won 50 million? i'd cut off all ties with everyone except my immediate family. buy myself an entire warehouse complex and keep one unit for myself to store my car's in and live out of.
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07-19-2015, 09:09 PM
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#85 | | 2x Variable Nockenwellen Steuerung
Join Date: Oct 2002 Location: N49.2 W122.1
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The provincial one BC 649 have million $ prices.
Lotto Max is run across the country.. so ever province's lottery corporation chip into the actuary pool. Quote:
Originally Posted by Nabatron ^yeah I would like that too! Having more million dollar prizes instead of having just won huge payout! | | |
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07-19-2015, 10:18 PM
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#86 | | ...in the world.
Join Date: Oct 2001 Location: Richmond
Posts: 28,466
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If I ever disappear, it will probably be because I somehow acquired a mass amount of money. I'd donate all my stuff, give my parents a few million and tell them not to tell anyone so people don't bother them and then I'd travel for the rest of my life.
So if I drop off RS forever one day, that will be what happened. Or someone killed me, I guess. | |
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07-19-2015, 10:29 PM
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#87 | | I only answer to my username, my real name is Irrelevant!
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If I won, id invest half of it
With the rest id buy all the regulars/oldies of rs a car, and raffle off a car at every spring/summer meet from then on so that anyone from rs has a shot
make sure any old friends are secured with at least a home&car for their families
then donate most of the rest to local causes and some of the remaining to international causes
and that's that
The rest of you sound like greedy fucks  
Last edited by StylinRed; 07-19-2015 at 11:02 PM.
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07-20-2015, 12:18 AM
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#88 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
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I am not sure I want to worry about my investments if I win 50m. With that kind of assets, you hire a team of smartasses to work for you. I'd basically copy what my parents do:
Spend 500g on smart accountants/lawyers to establish a bullet-proof structure so taxman doesn't get much from me and it would ensure my offsprings getting a good life (trust fund kids) or the lucky charity like my parent's case
2nd, put 20m in a quality property in major city at a conservative rate of 6% cap, hire a good management, and it should still net me 1m per year at least. So lavish lifestyle is more or less guaranteed for perpetuity.
Then another 20m in a good asset management team (it should get in many elite wealth management firm as most seems to start a 1~3M) which should give a nice 5~15% return annually, just reinvest the return into the portfolio so it would grow nicely into the future.
Finally 10m to buy whatever my mind feels like.
TL;DR: When you have that much money, you simply don't work. You hire smart guys to do it for you.
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Nothing for now
Last edited by Hehe; 07-20-2015 at 12:23 AM.
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07-20-2015, 01:02 AM
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#89 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
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Originally Posted by Hehe I am not sure I want to worry about my investments if I win 50m. With that kind of assets, you hire a team of smartasses to work for you. I'd basically copy what my parents do:
Spend 500g on smart accountants/lawyers to establish a bullet-proof structure so taxman doesn't get much from me and it would ensure my offsprings getting a good life (trust fund kids) or the lucky charity like my parent's case
2nd, put 20m in a quality property in major city at a conservative rate of 6% cap, hire a good management, and it should still net me 1m per year at least. So lavish lifestyle is more or less guaranteed for perpetuity.
Then another 20m in a good asset management team (it should get in many elite wealth management firm as most seems to start a 1~3M) which should give a nice 5~15% return annually, just reinvest the return into the portfolio so it would grow nicely into the future.
Finally 10m to buy whatever my mind feels like.
TL;DR: When you have that much money, you simply don't work. You hire smart guys to do it for you. | And that's how you go bankrupt.
Just put it all in the bank and live off the interest.
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Until the lions have their own historians, the history of the hunt will always glorify the hunter. | 
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07-20-2015, 11:36 AM
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#90 | | RS has made me the bitter person i am today!
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Originally Posted by Manic! And that's how you go bankrupt.
Just put it all in the bank and live off the interest. | Inflation will eat your fortune alive if you keep it in the banks
Let's say you put a gic at 2% return in perpetuity. At BoC long term target inflation of 2%, it means you can't spend a dime if keeping the same purchasing power of 50m today in the future is your goal.
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Nothing for now
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07-20-2015, 11:37 AM
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#91 | | Waxin’ Punks
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If I won 50M I'd buy Revscene and free avatar upgrades for all!!! 
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If you drive like an asshole, you probably are one. Quote:
Originally Posted by MG1 punkwax, I don't care what your friends say about you, you are gold! | Quote:
Originally Posted by mikemhg What do your farts sound like then? | | |
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07-20-2015, 11:50 AM
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#92 | | OMGWTFBBQ is a common word I say everyday
Join Date: Apr 2006 Location: Tres Ciudades
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Originally Posted by punkwax If I won 50M I'd buy Revscene and free avatar upgrades for all!!! | Quote:
Originally Posted by Manic! And that's how you go bankrupt. |
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"There's a lot of dead people who had the right of way."
"Never argue with stupid people, they will drag you down to their level and beat you with experience."
"I have a lot of beliefs, and I live by none of them. They're just my beliefs, they make me feel good about who I am. But if they get in the way of a thing I want, like I wanna jack off or something, I just do that." | |
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07-20-2015, 07:11 PM
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#93 | | RS has made me the bitter person i am today!
Join Date: Apr 2002 Location: Coquitlam
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Originally Posted by Manic! And that's how you go bankrupt.
Just put it all in the bank and live off the interest. | Yes, idk why everyones talking about investing.
There is enuff to last multi generations. Why take any chances, regardless how small the risk is.
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07-20-2015, 07:38 PM
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#94 | | Need to Seek Professional Help
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Just buy property and collect rent. If all else fails, well...at least you still have a roof over your head
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07-20-2015, 07:57 PM
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#95 | | I Will not Admit my Addiction to RS
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If I won I'd stick everything in a GIC for a good 2 year term which would give me enough time to think about how I would spend the winnings.
I think too many lottery winners make rash decisions without thinking about the implications which leads to many problems in the short term.
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07-20-2015, 10:05 PM
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#96 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
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Originally Posted by PandaDog If I won I'd stick everything in a GIC for a good 2 year term which would give me enough time to think about how I would spend the winnings.
I think too many lottery winners make rash decisions without thinking about the implications which leads to many problems in the short term. | At least park it in USD-based GIC. Our loonie is on the way down... 
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Nothing for now
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07-21-2015, 03:04 PM
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#97 | | RS.net, helping ugly ppl have sex since 2001
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On a random note, cut off time to buy lottery is now at 7:30pm
__________________ Quote:
Originally Posted by The_AK Or you meet some girl at the club, cum inside of her, find out shes only in grade 12, so you buy a Prada bag for her to make things right, she finds out the bag is a fake and decides to have the kid | Quote:
Originally Posted by RX_Renesis wtf did she get some bolt-on titties or what?
they look sooooooooooo much bigger than they were 2ish years ago. | Quote:
Originally Posted by nns I can't stand the sound of Mandarin either. Boo yow nee bey nee shing bo now noong gey shee mayo mayo mayo mayo mayo mayo mayo. | | |
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07-21-2015, 05:05 PM
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#98 | | To me, there is the Internet and there is RS
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Originally Posted by Manic! But you are suppose to sign your ticket when you get it. | Sign it under a fake name, then when you win change your name, collect, and change it back.
Or just do this for the photo:       Quote:
Originally Posted by Hehe Inflation will eat your fortune alive if you keep it in the banks
Let's say you put a gic at 2% return in perpetuity. At BoC long term target inflation of 2%, it means you can't spend a dime if keeping the same purchasing power of 50m today in the future is your goal. | If you have $50M do you think you're still going to get the same rate?
__________________ 1991 Toyota Celica GTFour RC // 2007 Toyota Rav4 V6 // 2000 Jeep Grand Cherokee
1992 Toyota Celica GT-S ["sold"] \\ 2007 Jeep Grand Cherokee CRD [sold] \\ 2000 Jeep Cherokee [sold] \\ 1997 Honda Prelude [sold] \\ 1992 Jeep YJ [sold/crashed] \\ 1987 Mazda RX-7 [sold] \\ 1987 Toyota Celica GT-S [crushed] Quote:
Originally Posted by maksimizer half those dudes are hotter than ,my GF. | Quote:
Originally Posted by RevYouUp reading this thread is like waiting for goku to charge up a spirit bomb in dragon ball z | Quote:
Originally Posted by Good_KarMa OH thank god. I thought u had sex with my wife. :cry: | | |
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07-21-2015, 05:13 PM
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#99 | | To me, there is the Internet and there is RS
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Originally Posted by underscore | If you put a large some of money you will get a better rate than someone putting in 10K in a GIC.
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Until the lions have their own historians, the history of the hunt will always glorify the hunter. | |
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07-21-2015, 05:59 PM
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#100 | | 2x Variable Nockenwellen Steuerung
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or just use private banking.. or proper asset management.
Even though the amount is tax free, how you use it is not.. best hire a tax lawyer to create a proper structure to reduce exposure (eg trust) to start, if you are optimizing for long term benefit. It seems the caricature of mass media portrays lottery owners lack discipline in managing their finances.
Let say it takes a year to wind up all the affairs or commitment of your current life. If you leave the principle in any investment account.. you can easily pay off the amount needed for the wind up (mortgages / loans etc) just on the first year's interest. Quote:
Originally Posted by Manic! If you put a large some of money you will get a better rate than someone putting in 10K in a GIC. |
Last edited by godwin; 07-21-2015 at 06:06 PM.
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