If You Won BIG, Would You Perform Risk Management?

Reply #13

Il2c — Sat, 04 Oct 2025 01:28:43 GMT

If I did, I've already decided that I wouldn't buy some 400-acre house.

All of my purchases would have to make sense.

I'm not moving to a totally wealthy neighborhood either.

A GF would still be the last thing on my mind.

If I were a billionaire, I wouldn't move too far from the beach (kinda like now).

I don't need too many cars.

I don't need to impress anyone.

I'd still own a bicycle, travel miles, until they fall apart as usual.

Maybe two or three (sensible) elect... [ More ]

Reply #12

Lotterologist — Fri, 03 Oct 2025 20:53:23 GMT

You are correct.

I should have said, At my best, if I won $200 million, I would share it with the poor. At my worst, I would think only of myself.

Reply #11

JustMaybe — Thu, 02 Oct 2025 02:16:29 GMT

I won't make promises before I win.

I hear that once a person wins all their previous plans change and reality sinks in

However, I will do something good for those that are close to me

Reply #10

Lotterologist — Sat, 27 Sep 2025 15:08:20 GMT

If I won $200 million, I would share it with the poor.

I would have no need for risk management.

Reply #9

Coin Toss — Sat, 27 Sep 2025 00:22:16 GMT

To each their own CDanT, good luck keeping a loe profile with those!

Love the sig.

Reply #8

CDanaT — Thu, 25 Sep 2025 16:47:56 GMT

Sorry CT......I may have to have these 2.....Hidden in the back of the garage.

https://www.youtube.com/watch?v=Pvvwasj7e6o

https://www.cargurus.com/Cars/l-Used-Acura-NSX-d17#listing=421374520/NONE/DEFAULT

Reply #7

hypersoniq — Thu, 25 Sep 2025 11:42:17 GMT

Risk management can be broken down into 2 main phases, risk assessment followed by risk mitigation.

One such example would be FDIC insurance, which is usually set at up to $250,000 per depositor.

For a large win, you can find out if your current bank is a participant in the intraFI network. This service allows dividing large deposits across many member banks, keeping each individual deposit under the $250,000 limit so you can effectively protect $50,000,000 or more. One of their offering... [ More ]

Reply #6

grwurston — Thu, 25 Sep 2025 09:19:58 GMT

Keep it to yourself, don't tell anybody. Enjoy yourself but don't get too flashy and start acting like a big shot. Simple as that.

Reply #5

Coin Toss — Thu, 25 Sep 2025 03:40:13 GMT

My 'risk management' would simply be no high end cars, no bling and no hand outs

Reply #4

JustMaybe — Wed, 24 Sep 2025 18:12:52 GMT

I would not perform a risk management.

In the State where I live, we can collect our lottery winnings anonymously, so that takes away 95% of the risk.

I will also keep a very low profile and continue to live just like I do now, any upgrades will be within my means.

The more exposure or attention you present to yourself the higher your risk profile becomes.

Investment wise, I will go with treasuries and low cost ETF, tried and tested methods, minimal risks.

Simplicity would be... [ More ]

Reply #3

CDanaT — Wed, 24 Sep 2025 15:50:39 GMT

Key Functions of a Family Office Wealth Management Services

Investment Management: Handling investments in various asset classes, including private equity and real estate.

Tax Planning: Developing strategies to minimize tax liabilities.

Estate Planning: Organizing the transfer of wealth to future generations.

Lifestyle and Administrative Services Household Management: Overseeing household staff and daily operations.

Travel Arrangements: Coordinating travel plans for family me... [ More ]

Reply #2

OhSoClose — Wed, 24 Sep 2025 15:14:36 GMT

My top concern after winning a large amount would be security for myself and my family. Securing the finances is important, obviously, but I'd be nervous every time somebody left the house because of the kidnapping risk. No anonymous claiming in my state, so your name's going to show up on the radar of literally a bunch of people you'd rather never meet.

Reply #1

CDanaT — Wed, 24 Sep 2025 14:10:46 GMT

A few factors would play into my path forward:

1. After tax amount won. Is it $200M take home? Taking the Annuity or Cash Value(roughly 46% of $200M) minus fed taxes ?

2. Estimation of years life left(plus 5).

3. Purchase of Gold and Silver to cover life expenses for at least 25 years - through private sales and places such as APMEX/Hero Bullion etc.

4. Cash on hand(depends on #1)

5. CDs at multiple local banking facilities

6. Hire the professional....There are numerous

If You Won BIG, Would You Perform Risk Management?

GiveFive — Wed, 24 Sep 2025 13:34:26 GMT

Suppose you just won $200 million playing PowerBall. Do you think you'd need to perform a Risk Management Analysis? (or hire somebody to do it for you) I'd do it.

Here's why Risk Management is important.

Inadequate risk management can result in severe consequences for companies, or individuals.

The subprime mortgage meltdown that led to the Great Recession of 2007-2008 stemmed from a failure to manage risk. Banks and other lenders gave mortgages to people regardless of their credit... [ More ]