Well, there's nothing that says 1%ers can't by Powerball tickets, too, I guess.

sonsabiatches

If you're managing someone else's assets you probably aren't in the 1%.

Sad tag? Really?

If "most" will go to charity, they would have set up a charitable trust and saved a boatload of taxes. (They would get a small percentage annually to administrate it.)

TheHighlandHowler: If "most" will go to charity, they would have set up a charitable trust and saved a boatload of taxes. (They would get a small percentage annually to administrate it.)

Um...

"Greg Skidmore, Brandon Lacoff and Tim Davidson came forward as trustees for The Putnam Avenue Family Trust..."

Actually, they did the smart thing with that.

And submitter, my earlier joke notwithstanding, getting butthurt over who won a Powerball jackpot doesn't make you any less bitter if you are complaining because they are already rich or because they are someone with no education sitting in a trailer park collecting disability or because they are an immigrant who barely speaks English or any other reason people complain about. It's totally random. It happens.

It's their ticket. *shrug*

Nabb1: "Greg Skidmore, Brandon Lacoff and Tim Davidson came forward as trustees for The Putnam Avenue Family Trust..."

That doesn't mean it's a charitable trust.

BroVinny: James!: If you're managing someone else's assets you probably aren't in the 1%.

Yeah, this, A good friend of mine was an asset coordinator, and let me tell you, that is a shiat job.

Nah, asset managers who are based in that part of Connecticut are generally running hedge funds or something similar. Serious, serious money.

Not that I have a problem with this. There's no rule against them playing the lotto.

That coward David Lopan: BroVinny: James!: If you're managing someone else's assets you probably aren't in the 1%.

Yeah, this, A good friend of mine was an asset coordinator, and let me tell you, that is a shiat job.

You're both dumb. An asset manager in Con. could have a book of 1-2 billion. Easy. They tend to get 1% of that to the firm annually. they tend to get 45% of that. 9,000,000/annual on the low end? Yeah, I'd call that a 1%er.

/Can't hate, but I reserve the right to curse my own terrible luck.

There's this cool new thing called the internet. (new window)

/they don't seem evil.

There was a VP at a company I worked for years ago. He hit a $25 million jackpot. I once asked him why he still worked - turns out that the lottery annuity was sent directly to the IRS and it paid his taxes. Just think about the amount of cash he was pulling down if it went to cover his taxes. That lottery did not have a cash prize - just the annuity

depmode98: I say thank god the money went to job the job creators. if it went to poor people they'd just blow all the money and spend it. now it can sit in a bank somewhere not being loaned out to anyone who needs the money.

You know how I know you don't know what a bank is?

According to the "Find the Best (new window)" website (I know next to nothing about these matters, someone else can provide a more trusted source if this doesn't jive, Bellpointe Asset Management Llc manages about $82 million in assets, with an average account balance a hair over $100,000. Depending on your definition of "1%" that may nor may not qualify them, but when compared to the big boys, that's not even pocket change.

Really, truly is just a small business owner & a couple of his partners who got lucky.

BroVinny: That coward David Lopan: You're both dumb. An asset manager in Con. could have a book of 1-2 billion. Easy. They tend to get 1% of that to the firm annually. they tend to get 45% of that. 9,000,000/annual on the low end? Yeah, I'd call that a 1%er.

/Can't hate, but I reserve the right to curse my own terrible luck.

I'm guessing there are "assets" and then there are "assets". My friend's job basically consisted of keeping an inventory of all the company track-worthy assets (PCs, monitors, printers, etc.). He managed well over a million dollars worth of equipment, but I doubt he was getting paid more than I. And, as I said, it looked like a shiat job.

There is a great deal of difference from tracking capital assets (aka property) and managing the investment of financial assets. I suggest, humbly, was an inventory clerk.

Just think of all the job they'll create!

Me thinks that if they were 1%ers, they 1) wouldn.t be in a fas station and 2) wouldn't waste their time buying a lottery ticket.

WTFDYW: Me thinks that if they were 1%ers, they 1) wouldn.'t be in a fGas station and 2) wouldn't waste their time buying a lottery ticket.

watson.t.hamster: depmode98: I say thank god the money went to job the job creators. if it went to poor people they'd just blow all the money and spend it. now it can sit in a bank somewhere not being loaned out to anyone who needs the money.

You know banks agree to hang on to your money for you (with interest) so they can loan it to others at a profit right?

AAAAHhhh hahahaha!!!! Good one man. Good one.

There's no God

/in case you didn't know