killamch89 Posted August 20, 2021 Share Posted August 20, 2021 I'm taking the guaranteed $100k because you can always do some investment or even start several new businesses with that kind of money. Which would you pick? Link to comment Share on other sites More sharing options...
The Blackangel Posted August 20, 2021 Share Posted August 20, 2021 The 50/50 for $1,000,000 is tempting, but I would have to go with the guaranteed $100,000 as well. There's so much I could do with it, that I wouldn't be worried about losing any of it, because I would be investing it through a highly reputable stock broker. The rest of it I would blow on a few toys. Like my favorite car, and a couple collectibles that I have always wanted. killamch89 1 Link to comment Share on other sites More sharing options...
killamch89 Posted August 21, 2021 Author Share Posted August 21, 2021 12 hours ago, The Blackangel said: The 50/50 for $1,000,000 is tempting, but I would have to go with the guaranteed $100,000 as well. There's so much I could do with it, that I wouldn't be worried about losing any of it, because I would be investing it through a highly reputable stock broker. The rest of it I would blow on a few toys. Like my favorite car, and a couple collectibles that I have always wanted. Yeah - if you lost that 50/50 - you'd be even more devastated because you'd be right back at square one but the psychological impact of missing out on that $1m will bother you for years. I'd much rather the "safe" option in this case which is the $100k. Link to comment Share on other sites More sharing options...
The Blackangel Posted August 21, 2021 Share Posted August 21, 2021 12 hours ago, killamch89 said: Yeah - if you lost that 50/50 - you'd be even more devastated because you'd be right back at square one but the psychological impact of missing out on that $1m will bother you for years. I'd much rather the "safe" option in this case which is the $100k. I think the loss of the million would be less devastating than the thought going through your mind "If only I had taken the hundred grand..." That to me would be more devastating, because the hundred grand was a guarantee, but you threw it away for bad odds at getting 1 million. And with that $100k, if you invest it right, you can easily turn it into more than 1 million. That amount of bank can grow quickly and massively. So you wouldn't really be missing that million for long. killamch89 1 Link to comment Share on other sites More sharing options...
killamch89 Posted August 22, 2021 Author Share Posted August 22, 2021 9 hours ago, The Blackangel said: I think the loss of the million would be less devastating than the thought going through your mind "If only I had taken the hundred grand..." That to me would be more devastating, because the hundred grand was a guarantee, but you threw it away for bad odds at getting 1 million. And with that $100k, if you invest it right, you can easily turn it into more than 1 million. That amount of bank can grow quickly and massively. So you wouldn't really be missing that million for long. In situations like this, it's always best to follow the "safe"/"logical" choice rather than let greed cause you to make ridiculous decisions. Link to comment Share on other sites More sharing options...
WillyEAroyo Posted August 24, 2021 Share Posted August 24, 2021 (edited) I usually never had any luck on any bets, I would choose a guaranteed payment, since with such an amount you can really think of something, invest successfully and then get interest from it. Moreover, I found a new job on this site (hyperlink removed) and now I can even save money and make some plans, so I choose the one in which I will be confident. Edited August 26, 2021 by Shagger Link to comment Share on other sites More sharing options...
