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If you were to win the lottery, would you take the lump sum or the annuity?...

If you were to win the lottery, would you take the lump sum or the annuity? Either way, how would you invest your money? Would your strategy turn you into a “Barbara Corcoran or Michael Strahan” type person or a “Mike Tyson or 50 Cent?”

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If I win the lottery, I would take the lump sum instead of annuity. I would invest the ump sum amount into a diversified portfolio wich would include investing in risky side like ventures, businesses and safe ones like bonds, fixed deposits etc.The riskier ones can prove to high yielding, While the others would provide me security.

Barbara Corcoran and michael strahan are the risk taker. They invest in businesses that they believe in and those that they see are future. They have multiplied their investments by investing in new businesses. I believe I am more inclined to their side. And therefore ,my investments would be more like barbara or michael.

jeff jeffy answered 2 years ago
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