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Author Topic: 10/11/2023  (Read 909 times)

razgueado

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Re: 10/11/2023
« Reply #60 on: October 11, 2023, 12:50:48 PM »

My wife's grandfather won a significant lottery prize at some point - we estimate it was probably about a million bucks - and nobody ever knew it until he was in hospice with dementia and his affairs had to be sorted.  We couldn't even be sure when it happened, but it was sometime in the late 80's or early 90s.

His second wife and her family ended up with most of the money that was left, because marriage.  My mother-in-law and her sister got a few grand each. 
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A Friend of Charlie

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Re: 10/11/2023
« Reply #61 on: October 11, 2023, 01:01:08 PM »

My wife's grandfather won a significant lottery prize at some point - we estimate it was probably about a million bucks - and nobody ever knew it until he was in hospice with dementia and his affairs had to be sorted.  We couldn't even be sure when it happened, but it was sometime in the late 80's or early 90s.

His second wife and her family ended up with most of the money that was left, because marriage.  My mother-in-law and her sister got a few grand each.
I don't know the details but by kids' first grade teacher won twice. Both significant amounts. Rumor had it that she eventually wound up declaring bankruptcy.
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razgueado

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Re: 10/11/2023
« Reply #62 on: October 11, 2023, 01:25:39 PM »

My wife's grandfather won a significant lottery prize at some point - we estimate it was probably about a million bucks - and nobody ever knew it until he was in hospice with dementia and his affairs had to be sorted.  We couldn't even be sure when it happened, but it was sometime in the late 80's or early 90s.

His second wife and her family ended up with most of the money that was left, because marriage.  My mother-in-law and her sister got a few grand each.
I don't know the details but by kids' first grade teacher won twice. Both significant amounts. Rumor had it that she eventually wound up declaring bankruptcy.
The vast majority of lottery winners end up broke, because most people simply have no idea how to manage money or personal security.  So they get that money in their grubby little hands as soon as possible, get their picture in the papers, maybe do the talk show circuit, make sure all their friends know about their good fortune, pay cash for the McMansion without thinking for a moment what the ongoing costs are, buy European sports cars without thinking about the ongoing costs,  take their friends out for a good time, buy or invest in businesses they have no idea how to run, yadda, yadda, yadda.  They don't understand cash flow, they don't understand liquidity, they don't understand taxation,  and they don't understand Gordon Gekko's advice that "If you need a friend, buy a dog."  They don't understand fiduciaries, so they get sketchy financial advisors who dollar them to death in batches of dozens of thousands of dollars.  Or worse.

I learned a lot when I got a significant legal settlement in 2016.  But even so, I made mistakes that cost me nearly 15% of it - the same mistakes lottery winners usually make, like investing money with friends.  I still have more than half the settlement invested properly, and have earned back via growth about 5% of what I wasted, so I'll give myself a solid C+, the plus because I learned the lessons.

The lump sum on this lottery is going to be in excess of $600M.  If you drop that into a savings account at current interest rates, it'll earn, what, $25M a year? That's an unimaginable sum of money in its own right.  Most people have zero idea how to manage that. Try to do it in public, and you'll go insane.
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LuvTooGolf

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Re: 10/11/2023
« Reply #63 on: October 11, 2023, 01:26:53 PM »

Tonight's Powerball jackpot currently at $1.73 billion.
I'm not gonna share.
Understandable.
I previously said everyone here would get at least an RB wooden ashtray from me and I stick by that. :D
Aw, I'd do better than that. I'd just have to make sure you wouldn't figure out that I'd won the money.
I think we'd be able to tell if anyone here won, just from the sudden shift in their general demeanor.
There's no such thing as complete security, ever.  The trick is to preserve doubt.  The Secret Service cannot completely secure the President, and they know it.  What they do is present such a formidable and varying front that an attacker must lose time thinking twice, and therefore, hopefully, miss an opportunity.

Y'all might detect some change in my demeanor, but I'd work really hard to preserve enough doubt that you could never be completely sure. And I'd be highly motivated to do so, for your own sakes as well as my own. There are way too many loons out there, and if one or more of them came to the lunatic idea that they could get to me through you - despite the fact I've never met any of you in person - somebody would try it.  I already have enough  trouble sleeping without having on my conscience that any of y'all were targeted to get to me, and I had to blow you off for the sake of my family.
Maybe my current unemployed status is just a charade to protect myself after winning the last big jackpot. It isn't, but it could be.
Now I'm certain that it is. :D
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LuvTooGolf

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Re: 10/11/2023
« Reply #64 on: October 11, 2023, 01:31:52 PM »

My wife's grandfather won a significant lottery prize at some point - we estimate it was probably about a million bucks - and nobody ever knew it until he was in hospice with dementia and his affairs had to be sorted.  We couldn't even be sure when it happened, but it was sometime in the late 80's or early 90s.

His second wife and her family ended up with most of the money that was left, because marriage.  My mother-in-law and her sister got a few grand each.
I don't know the details but by kids' first grade teacher won twice. Both significant amounts. Rumor had it that she eventually wound up declaring bankruptcy.
The vast majority of lottery winners end up broke, because most people simply have no idea how to manage money or personal security.  So they get that money in their grubby little hands as soon as possible, get their picture in the papers, maybe do the talk show circuit, make sure all their friends know about their good fortune, pay cash for the McMansion without thinking for a moment what the ongoing costs are, buy European sports cars without thinking about the ongoing costs,  take their friends out for a good time, buy or invest in businesses they have no idea how to run, yadda, yadda, yadda.  They don't understand cash flow, they don't understand liquidity, they don't understand taxation,  and they don't understand Gordon Gekko's advice that "If you need a friend, buy a dog."  They don't understand fiduciaries, so they get sketchy financial advisors who dollar them to death in batches of dozens of thousands of dollars.  Or worse.

I learned a lot when I got a significant legal settlement in 2016.  But even so, I made mistakes that cost me nearly 15% of it - the same mistakes lottery winners usually make, like investing money with friends.  I still have half the settlement invested properly, and have earned back via growth about 5% of what I wasted, so I'll give myself a solid C+, the plus because I learned the lessons.

The lump sum on this lottery is going to be in excess of $600M.  If you drop that into a savings account at current interest rates, it'll earn, what, $25M a year? That's an unimaginable sum of money in its own right.  Most people have zero idea how to manage that. Try to do it in public, and you'll go insane.
And even if you hire all the right people, a non-zero amount of your time will be spent wondering if they're trying to screw you anyways and relieve you of some of the money. Not that even a modest amount of loss of the figures we're talking would make a dent, but the mental strain would be taxing.

That being said, I'm not gonna pretend I wouldn't like a shot at trying.
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LuvTooGolf

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Re: 10/11/2023
« Reply #65 on: October 11, 2023, 01:32:27 PM »

Tony's Jam:

CI Legends by Drew Estate Black - 5/19.99
Oliva Serie O Robusto - 10/42.50
Latitude Zero Toro - 10/34.99
Master Blends III 4pk Sampler - 4/24.99
    1 - Oliva Master Blends III Double Robusto (5” x 54)
    1 - Oliva Master Blends III Churchill (7” x 50)
    1 - Oliva Master Blends III Robusto (5” x 50)
    1 - Oliva Master Blends III Torpedo (6.5” x 52)
Diesel Rage Toro - 5/24.99
Ramon Bueso Genesis The Project Robusto - 10/29.99
Rocky Patel The Edge Corojo Toro - 10/39.99
Caldwell Collection - E.S. Midnight Express Toro - 5/29.99
Nub by Oliva 460 Connecticut - 5/22.99
Ave Maria Dark Knight Robusto - 5/25.99
5 Vegas Classic Double Corona - 10/27.50
CAO Gold Robusto - 10/32.50
Rocky Patel Vintage 1999 Connecticut Toro - 5/34.99
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A Friend of Charlie

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Re: 10/11/2023
« Reply #66 on: October 11, 2023, 01:51:39 PM »

Today is Wednesday, Oct. 11, the 284nd day of 2023.
There are 81 days left in the year.


Today’s Highlight:
On Oct. 11, 1991, testifying before the Senate Judiciary Committee, Anita Hill accused Supreme Court nominee Clarence Thomas of sexually harassing her; Thomas re-appeared before the panel to denounce the proceedings as a “high-tech lynching.”

On this date:
In 1614, the New Netherland Co. was formed by a group of merchants from Amsterdam and Hoorn to set up fur trading in North America.

In 1809, just over three years after the famous Lewis and Clark expedition ended, Meriwether Lewis was found dead in a Tennessee inn, an apparent suicide; he was 35.

In 1884, future first lady Eleanor Roosevelt was born in New York City.

In 1906, the San Francisco Board of Education ordered the city’s Asian students segregated into their own school. (The order was later rescinded at the behest of President Theodore Roosevelt, who promised to curb future Japanese immigration to the United States.)

In 1968, Apollo 7, the first manned Apollo mission, was launched with astronauts Wally Schirra (shih-RAH’), Donn Fulton Eisele and R. Walter Cunningham aboard.

In 1984, Challenger astronaut Kathryn D. Sullivan became the first American woman to walk in space as she and fellow Mission Specialist David C. Leestma spent 3 1/2 hours outside the shuttle.

In 1986, President Ronald Reagan and Soviet leader Mikhail S. Gorbachev opened two days of talks in Reykjavik, Iceland, concerning arms control and human rights.

In 2002, former President Jimmy Carter was named the recipient of the Nobel Peace Prize.

In 2005, the U.S. Army Corps of Engineers said it had finished pumping out the New Orleans metropolitan area, which was flooded by Hurricane Katrina six weeks earlier and then was swamped again by Hurricane Rita.

In 2006, the charge of treason was used for the first time in the U.S. war on terrorism, filed against Adam Yehiye Gadahn (ah-DAHM’ YEH’-heh-yuh guh-DAHN’), also known as “Azzam the American,” who’d appeared in propaganda videos for al-Qaida.

In 2014, customs and health officials began taking the temperatures of passengers arriving at New York’s Kennedy International Airport from three West African countries in a stepped-up screening effort meant to prevent the spread of the Ebola virus.

In 2017, the Boy Scouts of America announced that it would admit girls into the Cub Scouts starting in 2018 and establish a new program for older girls based on the Boy Scout curriculum, allowing them to aspire to the Eagle Scout rank.

In 2020, LeBron James and the Los Angeles Lakers beat the Miami Heat to win the NBA finals in six games as the NBA wrapped up a season that sent players to a “bubble” at Walt Disney World in Florida for three months because of the pandemic.

In 2021, Jon Gruden resigned as coach of the Las Vegas Raiders following reports about messages he wrote years earlier that used offensive terms to refer to Blacks, gays and women.

In 2022, NASA announced that a spacecraft that plowed into a small, harmless asteroid millions of miles away succeeded in shifting its orbit, a test aimed at fending off any more dangerous asteroids in the future.
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A Friend of Charlie

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Re: 10/11/2023
« Reply #67 on: October 11, 2023, 01:51:49 PM »

Today’s Birthdays:

Former U.S. Defense Secretary William Perry is 96.
Actor Amitabh Bachchan is 81.
Country singer Gene Watson is 80.
Singer Daryl Hall (Hall and Oates) is 77.
Sen. Patty Murray, D-Wash., is 73.
Actor-director Catlin Adams is 73.
Country singer Paulette Carlson is 72.
Original MTV VJ Mark Goodman is 71.
Actor David Morse is 70.
Actor Stephen Spinella is 67.
Actor-writer-comedian Dawn French is 66.
Pro and College Football Hall of Famer Steve Young is 62.
Actor Joan Cusack is 61.
Rock musician Scott Johnson (Gin Blossoms) is 61.
Comedy writer and TV host Michael J. Nelson is 59.
Actor Sean Patrick Flanery is 58.
Actor Lennie James is 58.
College Football Hall of Famer and former NFL player Chris Spielman is 58.
Country singer-songwriter Todd Snider is 57.
Actor-comedian Artie Lange is 56.
Actor Jane Krakowski is 55.
Actor Andrea Navedo is 54.
Actor Constance Zimmer is 53.
Rapper MC Lyte is 53.
Bluegrass musician Leigh Gibson (The Gibson Brothers) is 52.
Figure skater Kyoko Ina is 51.
Actor Darien Sills-Evans is 49.
Actor/writer Nat Faxon is 48.
Actor Emily Deschanel is 47.
Actor Matt Bomer is 46.
Actor Trevor Donovan is 45.
Actor Robert Christopher Riley is 43.
Actor Michelle Trachtenberg is 38.
Actor Lucy Griffiths is 37.
Golfer Michelle Wie is 34.
Rapper Cardi B is 31.
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A Friend of Charlie

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Re: 10/11/2023
« Reply #68 on: October 11, 2023, 01:51:54 PM »

Today's Over/Under is 10
Raz Over/Under is 13
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razgueado

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Re: 10/11/2023
« Reply #69 on: October 11, 2023, 02:05:10 PM »

My wife's grandfather won a significant lottery prize at some point - we estimate it was probably about a million bucks - and nobody ever knew it until he was in hospice with dementia and his affairs had to be sorted.  We couldn't even be sure when it happened, but it was sometime in the late 80's or early 90s.

His second wife and her family ended up with most of the money that was left, because marriage.  My mother-in-law and her sister got a few grand each.
I don't know the details but by kids' first grade teacher won twice. Both significant amounts. Rumor had it that she eventually wound up declaring bankruptcy.
The vast majority of lottery winners end up broke, because most people simply have no idea how to manage money or personal security.  So they get that money in their grubby little hands as soon as possible, get their picture in the papers, maybe do the talk show circuit, make sure all their friends know about their good fortune, pay cash for the McMansion without thinking for a moment what the ongoing costs are, buy European sports cars without thinking about the ongoing costs,  take their friends out for a good time, buy or invest in businesses they have no idea how to run, yadda, yadda, yadda.  They don't understand cash flow, they don't understand liquidity, they don't understand taxation,  and they don't understand Gordon Gekko's advice that "If you need a friend, buy a dog."  They don't understand fiduciaries, so they get sketchy financial advisors who dollar them to death in batches of dozens of thousands of dollars.  Or worse.

I learned a lot when I got a significant legal settlement in 2016.  But even so, I made mistakes that cost me nearly 15% of it - the same mistakes lottery winners usually make, like investing money with friends.  I still have half the settlement invested properly, and have earned back via growth about 5% of what I wasted, so I'll give myself a solid C+, the plus because I learned the lessons.

The lump sum on this lottery is going to be in excess of $600M.  If you drop that into a savings account at current interest rates, it'll earn, what, $25M a year? That's an unimaginable sum of money in its own right.  Most people have zero idea how to manage that. Try to do it in public, and you'll go insane.
And even if you hire all the right people, a non-zero amount of your time will be spent wondering if they're trying to screw you anyways and relieve you of some of the money. Not that even a modest amount of loss of the figures we're talking would make a dent, but the mental strain would be taxing.

That being said, I'm not gonna pretend I wouldn't like a shot at trying.
Sure.

But here's the paradox that must be kept in mind.  The very thing that might make us able to manage that wealth effectively - namely the fact that we are mostly self-made men here who have had to figure out how to pay our own way in life and managed to get ourselves solidly into the upper-middle class - may be completely lost on our children if they know about the money. There's no way in hell I'm going to let my children entertain even the hopeful notion that they'll end up trust-fund babies.  My wife and I know that our sons are going to get significant inheritances from her sister, one of my uncles and much farther down the road from my wealthy sister, and we aren't even telling them that.  We're watching them very carefully to see if they have developed good financial habits.  #1 son is doing pretty well, #2 son less so (he's carrying a credit card balance that we are trying to get him to liquidate) but still solidly out of irresponsible territory. 

My sister is the one person in whom who I might confide were I to win the lottery.  She's a CPA, and solidly in "wealthy" territory.  None of us know exactly what her net worth is, but a conservative estimate is somewhere north of $3M.   

But the thing that defines my clan is an inclination to hard work, and were I to come into big money, I'd be absolutely loathe to threaten that quality. 
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LuvTooGolf

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Re: 10/11/2023
« Reply #70 on: October 11, 2023, 02:06:06 PM »

Today's Over/Under is 10
Raz Over/Under is 13
7
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LuvTooGolf

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Re: 10/11/2023
« Reply #71 on: October 11, 2023, 02:06:25 PM »

Tony's Jam:

CI Legends by Drew Estate Black - 5/19.99
Oliva Serie O Robusto - 10/42.50
Latitude Zero Toro - 10/34.99
Master Blends III 4pk Sampler - 4/24.99
    1 - Oliva Master Blends III Double Robusto (5” x 54)
    1 - Oliva Master Blends III Churchill (7” x 50)
    1 - Oliva Master Blends III Robusto (5” x 50)
    1 - Oliva Master Blends III Torpedo (6.5” x 52)
Diesel Rage Toro - 5/24.99
Ramon Bueso Genesis The Project Robusto - 10/29.99
Rocky Patel The Edge Corojo Toro - 10/39.99
Caldwell Collection - E.S. Midnight Express Toro - 5/29.99
Nub by Oliva 460 Connecticut - 5/22.99
Ave Maria Dark Knight Robusto - 5/25.99
5 Vegas Classic Double Corona - 10/27.50
CAO Gold Robusto - 10/32.50
Rocky Patel Vintage 1999 Connecticut Toro - 5/34.99
HERF Adventure Pod - 10ct Capacity - 19.99
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A Friend of Charlie

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Re: 10/11/2023
« Reply #72 on: October 11, 2023, 02:06:59 PM »

Today's Over/Under is 10
Raz Over/Under is 13
Eight.
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LuvTooGolf

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Re: 10/11/2023
« Reply #73 on: October 11, 2023, 02:14:29 PM »

My wife's grandfather won a significant lottery prize at some point - we estimate it was probably about a million bucks - and nobody ever knew it until he was in hospice with dementia and his affairs had to be sorted.  We couldn't even be sure when it happened, but it was sometime in the late 80's or early 90s.

His second wife and her family ended up with most of the money that was left, because marriage.  My mother-in-law and her sister got a few grand each.
I don't know the details but by kids' first grade teacher won twice. Both significant amounts. Rumor had it that she eventually wound up declaring bankruptcy.
The vast majority of lottery winners end up broke, because most people simply have no idea how to manage money or personal security.  So they get that money in their grubby little hands as soon as possible, get their picture in the papers, maybe do the talk show circuit, make sure all their friends know about their good fortune, pay cash for the McMansion without thinking for a moment what the ongoing costs are, buy European sports cars without thinking about the ongoing costs,  take their friends out for a good time, buy or invest in businesses they have no idea how to run, yadda, yadda, yadda.  They don't understand cash flow, they don't understand liquidity, they don't understand taxation,  and they don't understand Gordon Gekko's advice that "If you need a friend, buy a dog."  They don't understand fiduciaries, so they get sketchy financial advisors who dollar them to death in batches of dozens of thousands of dollars.  Or worse.

I learned a lot when I got a significant legal settlement in 2016.  But even so, I made mistakes that cost me nearly 15% of it - the same mistakes lottery winners usually make, like investing money with friends.  I still have half the settlement invested properly, and have earned back via growth about 5% of what I wasted, so I'll give myself a solid C+, the plus because I learned the lessons.

The lump sum on this lottery is going to be in excess of $600M.  If you drop that into a savings account at current interest rates, it'll earn, what, $25M a year? That's an unimaginable sum of money in its own right.  Most people have zero idea how to manage that. Try to do it in public, and you'll go insane.
And even if you hire all the right people, a non-zero amount of your time will be spent wondering if they're trying to screw you anyways and relieve you of some of the money. Not that even a modest amount of loss of the figures we're talking would make a dent, but the mental strain would be taxing.

That being said, I'm not gonna pretend I wouldn't like a shot at trying.
Sure.

But here's the paradox that must be kept in mind.  The very thing that might make us able to manage that wealth effectively - namely the fact that we are mostly self-made men here who have had to figure out how to pay our own way in life and managed to get ourselves solidly into the upper-middle class - may be completely lost on our children if they know about the money. There's no way in hell I'm going to let my children entertain even the hopeful notion that they'll end up trust-fund babies.  My wife and I know that our sons are going to get significant inheritances from her sister, one of my uncles and much farther down the road from my wealthy sister, and we aren't even telling them that.  We're watching them very carefully to see if they have developed good financial habits.  #1 son is doing pretty well, #2 son less so (he's carrying a credit card balance that we are trying to get him to liquidate) but still solidly out of irresponsible territory. 

My sister is the one person in whom who I might confide were I to win the lottery.  She's a CPA, and solidly in "wealthy" territory.  None of us know exactly what her net worth is, but a conservative estimate is somewhere north of $3M.   

But the thing that defines my clan is an inclination to hard work, and were I to come into big money, I'd be absolutely loathe to threaten that quality.
You're right, that would certainly be something that would be difficult to navigate. Luckily, the odds of ever having to deal with that for any reason, lotto or otherwise, are probably pretty small.

I'm not even buying a ticket for tonight. The wife is picking the kids up from school today and the youngest has a volleyball game tonight, so I won't be stopping anywhere to get one. Perhaps this weekend if it carries over again.
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LuvTooGolf

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Re: 10/11/2023
« Reply #74 on: October 11, 2023, 02:17:47 PM »

Work day just about done, time to get some yard work in before volleyball tonight. Hazzuh!
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