Topic: choose an option - page 5. (Read 794 times)

I want to win the lottery, because in my entire life I have never experienced what it would be like to be one of the lucky ones in the lottery. Because then I will choose option B. Where I will also receive a prize of $480,000. Realistically, with this amount I can allocate 30-40% to buy Bitcoin and the rest enjoy what I want to buy and build my dream house. Sorry if this sounds greedy but it's better to be honest.

I want to choose bitcoin but will explore the other thing that can possibly give me more passive monthly income, since by having that $5k a monthly payments coming from lottery winnings then I can make sure that I can live without anything to worry in span of 8 years. And beside I can use some of the amount for investment so provably that will go to bitcoin trading or other physical small business that I can try to build for.

If I select the other options for sure this can possibly gone if some mistake committed so I will go on passive so that I will not get broke easily just like other sad story of lottery winners where they got broke because they didn't manage their finances.

Hard choice to make from the options here considering the weigh and how useful they can be. For the lottery winnings, receiving them as payments spread over 8 years would be more consistent and allow you to budget better and also, receiving the lump sum would give you more flexibility to do what you want with the money. As for the other options, it depends on what you would want to do with the assets. Nevertheless, I would choose gold as my first choice because it is a good hedge against inflation. As inflation increases, the value of gold tends to increase as well. Yes, I know bitcoin is a very interesting and innovative technology but a very volatile asset but Gold on the other hand, has a long history as a valuable commodity and tends to be less volatile than bitcoin. It also has a more established track record as an investment.

As for my second choice, I would choose the business. Starting a business is risky, but it also has the potential to be very rewarding both financially and personally. It would allow you to be in total control of your investment.

Bitcoin will be my number 1 choice.
If I have to choose from other options, I will go with the option of lumpsum $480k. Having this much amount of cash/ fiat gives you a lot of options. I can buy a few bitcoins as an investment option and invest the remaining in a start-up. Choosing the right business through SWOT analysis can give me over a million dollars in a couple of years or probably after a year.

Gold is not an option because the price is already very high. Although it is a good option for the store of value; why store the amount when you can generate millions?   

For me, I will choose:
Bitcoin is the best option for me, especially since the price is still in a good area, so owning this amount of Bitcoin at the present time will be a very successful investment.

The other option for me after Bitcoin is gold. For me, I consider gold a store of value in the long term and safer than Bitcoin. The reason is that Bitcoin is still constantly volatile and no one guarantees that if the price rises, it will not fall again, and even now it is still unacceptable in most countries of the world, so the risk of owning Bitcoin is greater than the risk of owning gold.

I chose this:


For the second option, I chose a $480,000 lottery win because the payout is spread over 96 months (8 years) of $5k per month. That's because I don't know how to manage $480,000. After all, I'm afraid I'll be someone who spends money without calculating.

By choosing A, I can still use the money for monthly expenses. I can still save the rest for urgent needs, save for the future, or buy more Bitcoin.

I'm also interested in choosing option E, but I've never started a business. I'm worried that the business won't run well and I won't be able to develop it either. So that's what I chose.

There is an assurance that I'll get getting monthly payment so if I can think of that, and I am the type of lazy person that just want to live comfortably and effortlessly, this is going to make me a bank. I know that inflation is rising but that's still attainable and that amount is still quite huge.

But I am not that lazy at all as I am just giving some idea if this is going to be real thing. You don't have to rush waking up in the morning just to go to the office and work 8 hours a day and you'll go home til' dark and won't have time left for your passion.

I will pick option e, having a business worth $480k is a whole lot, which I know is not a single business but comprises a whole of businesses that will yield returns daily, monthly, or yearly, depending on the businesses created.

Having a pile of businesses under my control, if properly managed well will never make me and my generational bloodline to be poor in life ever again. The business created with $480k will pass over to generations to come and profits made in the long run can be used to get myself all the mentioned options with time. If there is a need for that

I would choose this option first:
"c. $480,000 of bitcoin at(~$24k/btc buy price recent months allocated to the donor) 20btc",
and this one as the second:
"f. $480,000 of gold at(~$1.8k/ounce buy price recent months allocated to the donator) 266ounce"

I think those options are the most value. I can sell $480k worth of BTC, and invest in a business or collect interest for example, and I'll still have about 5.88 BTC left over.



You didn't read the OP carefully. You can't buy 20 btc or 266 ounces of gold with $480k. At least not at current market prices.

But that time period is up to 8 years and during those 8 years USD will continuously lose value and BTC will continuously increase in price. Therefore, choosing option A is not necessarily the most optimal because if in the next 2 or 3 years the USD depreciates seriously, accumulating bitcoin will be more difficult for you. Meanwhile, if you receive 20BTC, you can also convert most of that BTC to other safe assets like gold to secure the value of your assets. Or you can also convert all BTC to USD and buy back bitcoin according to your plan.

If you are picking this it will surely be an investment avenue for anyone. To get such monthly is either going to be like a bonus and not like a salary and then you can use your time for other things that can also generate money for you or it will be like loan also for that long time of 8 years. This is better than picking the total sum because you might not utilize it properly.

That's my choice too. Having that valuation of a business means that business is quite big already. And that also means that it's operational and you get cost and expenses and revenue as well. Having that said, I'm able to help people that are working for that business if it means to be their boss if that's the option that I'll have to choose. All options are actually good but we have different point of view towards these matters. Some may just want to choose get that passive money for all of that 8 years but having a business that you'll get to grow could be there for the rest of our lives and not just your family will get better but also the employees that will be loyal and hardworking to that business. It is such a great feeling when you've got a successful business and you are with those people that have helped you get to the top and stayed with you through thick and thin.

I will choose.
e. $480,000 value business: that will generated more money than bitcoin in 8 years. or maybe double my $480,000 in 1-2 years from which I can Buy bitcoin.
and c. $480,000 of bitcoin at(~$24k/btc buy price recent months allocated to the donator) 20btc.

I will choose option b, In this option I will receive the full $480k. I will share the money for living needs, buying a house, buying a new car, starting a business, and of course investing (bitcoin) and buying several plots of land.

I don't know if in other countries $480k is big or not. But in my country $480k is a lot of money that I can use for all the things I mentioned above

I choose this because I believe that with the 5k given to me every month I can freely invest $1500k in Bitcoin every month and besides $5k is 3,944,650.00 naira, so with this I can go far and achieve what I wanted in life.

I consider this other option because it's also a good means of making more money, although it's risky but still it might also be of good luck because there are some business that can give more money than another thing just like building a petrol station in a good environment or a pottery business.

Would prioritize the business first, i.e., item "e. $480,000 value business."
Why? Because this is the instrument you can influence, and you don't have to rely on fate and pumps, unlike other items where the idea revolves around "must go up in price"
But the profit - it can be invested in various assets.

Options
a. $480,000 lottery win as payments spread over 96months(8 years) of $5k a month
b. $480,000 lottery win as payment lumpsum of $480k
As far as I'm concerned, they are better suited for people in retirement, when they can't manage their business and need a guaranteed income.

ok there have been a few responses. so lets dig in

lets take the 2 lottery options (tax free)
do people realise if a doner keeps the $480k nest-egg and just drip feeds out $5k a month. that doner can put that $480k into a specialist account offering 7% savings interest. which means although the receiver gets just $480k after 8 years.. the principle lump has not gone to zero. the doner get to keep $150k

if however the receiver gts $480k lottery upfront and then puts it in a specialist account offering 7% interest. the receiver, if they only withdraw $2.6k a month. will still have $480k in the account at the 8th year. thanks to interest. or if they withdrew $5k a month. they would still have $150k at the 8th year in the account

obviously taking the lump and instantly buying bitcoin wont net you 20btc at todays prices. but you may be lucky if you dont touch the lump sum and wait for a small chance of a bitcoin price crash below $24k to buy more then 20btc..
and obviously DCA'ing the interest wont net you much btc per year

..
as for bitcoin yes 20btc at todays prices is a auto-win of an extra $200k ($680k instant sell today) but also looking at bitcoin historic prices. bitcoin is still at a low compared to history of ATH. meaning there is still upside into hoarding and waiting for a multiple
..
as for business. although the business is valued to $480k, there is no guarantee the business will receive $480k in pure profit in the next X years.
with building leases, employee salaries, product costs. its not a simple profit creating system of guaranteed success
those who suggested taking a business and then using profits to DCA bitcoin. will not net you 20btc due to how long you are DCAing and the bitcoin price increasing meaning even if you got $200k post-tax profit each year at ~$33,333 btc. you only get 6btc this year. and next year get less than 6btc, and following year less again.. so never achieving 20btc.
..
as for housing
with all the legal costs of transfer and taxes of gains. and also then land/stat tax on the property. and repairs and maintenance. you better hope that the neighbourhoods market of 'comps' grows to allow you to in the future sell for a profit to cover the ongoing costs initially being paid

..
as for gold. gold is at its ALL HISTORY ATH meaning there is more scope/chance of a drop from peak. rather than multiply higher/further
and i also gave some upside wiggle room by saying 1800 buy price months ago. meaning the instant you take gold 266 at $2k would get you $532k if sold instantly. however still not as good as bitcoin which is a instant $680k sell win. but if hoarded has more change of multiplying up even higher/further

Well I will choose ''b'', because that reward I think will need to belong to me immediately and most likely I will also deduct half of the money to invest in bitcoin.

Another option that I think would be similar would be to choose ''c'', which would also sell half the bitcoin to fiat.

Based on my experiences:

a and b would be charge high tax.
c, d, and f are similar, but the difference c is not a physical asset while d and f are physical assets.
e, it's more flexible regardless you're want to use it as a real business or fake business where you use for tax avoidance.

Since I'm not really rich, I choose option c (Bitcoin) since I'm a Bitcoin enthusiast and has more knowledge in this asset, the next is f (Gold) since it's more easier to sell than d (House). I will keep it at least for a year so it will be consider as long term asset where the tax is 0%

This is what I am thinking honestly. I get a house where I don't have to rent and the value is on it and then it appreciates over time. And if I won't live on that house, I'll have it rented and then I get passive income on it monthly.

But IMO this choice is better for my condition as of now:

On these days of uncertainty, it's best to have a stable cash flow like I'll receive this amount every month for 8 years. I can imagine my life that I don't have to get stressed out living and working very hard for 8 straight years.

I can use the time that I've got from those years into doing something else which could be another source of income or hobby or passion that I want to.