That’s why if I won the lottery, I would immediately stick the whole amount into a trust to get the best APY possible, and break it into smaller trusts for myself and my family. The vast majority would be handed over to a trust that I would call, “The Sovereign Fund for Humanity’s Poor,” and go get a fiduciary from LA, a fiduciary from London, and two of the best data analysts from Oxfam that I could get my hands on, and make them the only members of the board. At that point I have it set up to use the APY to grow the fund, and set up retirement funds for the poorest people in the world, first. If I managed to start the thing with a mere $500,000,000, and got close to 11.5%-12% APY, and the population actually caps at 9-10 billion, in 500 years I would have funded UBI
That’s great, I also thought before that I would push myself to immediately donate the majority of such a windfall. Your idea is much better thought out and more impactful long term!
That’s why if I won the lottery, I would immediately stick the whole amount into a trust to get the best APY possible, and break it into smaller trusts for myself and my family. The vast majority would be handed over to a trust that I would call, “The Sovereign Fund for Humanity’s Poor,” and go get a fiduciary from LA, a fiduciary from London, and two of the best data analysts from Oxfam that I could get my hands on, and make them the only members of the board. At that point I have it set up to use the APY to grow the fund, and set up retirement funds for the poorest people in the world, first. If I managed to start the thing with a mere $500,000,000, and got close to 11.5%-12% APY, and the population actually caps at 9-10 billion, in 500 years I would have funded UBI
Yeah…I bet you don’t buy lottery tickets
Only one a week when the jackpot is over $200 million.
That’s great, I also thought before that I would push myself to immediately donate the majority of such a windfall. Your idea is much better thought out and more impactful long term!
Thank you, very much. I shared the idea so that others can not only steal it, but ruminate on it and improve the idea.