What is the best and safest way to invest lottery winnings of $8 million or more in the state of California?
WU-TANG FAN asked:
I was wondering what are some of the safest ways to invest a lottery prize so that the money lasts long enough to pass some of it to my family? Assuming an $8 million dollar payout over 26 yrs, and indexed for inflation. I would obviously start by living within my means and not spending on things I don’t need. I am pretty disciplined financially so this would not be a problem.I am looking for low or guaranteed return on my money besides ,of course, putting it in the bank.
Rio
I was wondering what are some of the safest ways to invest a lottery prize so that the money lasts long enough to pass some of it to my family? Assuming an $8 million dollar payout over 26 yrs, and indexed for inflation. I would obviously start by living within my means and not spending on things I don’t need. I am pretty disciplined financially so this would not be a problem.I am looking for low or guaranteed return on my money besides ,of course, putting it in the bank.
Rio
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