I bought into the office lottery Pool yesturday, with $121 million up for grabs yesturday and $212 million in the powerball today i figured it was worth risking the 2 dollars to get 10 chances at both.
I was thinking about Brad Duke last Night remeber him he was the winner of a 220 million dollar jackpot in 2005. He showed Fortune magazine how much he had alocated to different investments and said that he wanted to become a billionaire in 15 years. that was at during the boom years when investments could do no wrong. his math didn't make sense to me when he won in 2005 and I would love to know how he is coming on his goal 5 years after the win.
$45 million: Safe, low-risk investments such as municipal bonds
$35 million: Aggressive investments like oil and gas and real estate
$1.3 million: A family foundation
$63,000: A trip to Tahiti with 17 friends
$125,000: Mortgage retired on his 1,400-square-foot house
$18,000: Student-loan repayment
$65,000: New bicycles, including a $12,000 BMC road bike
$14,500: A used black VW Jetta
$12,000: Annual gift to each family member
only $23 million is aimed at high grow investments the rest is slow growth or expenses. he would need 28.5 percent compound interest for this to work and he invested in real estate starting in 2005. those investments cannot be doing all that well right now.
crossing my fingers that our pool wins ton
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