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Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?

 
ChvyV8Bldr
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11/10/2012 11:15 AM

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Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
$14 grand, or a chance at $2 million in 4 years?
Will we even know we were alive when we're dead?
Anonymous Coward
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11/10/2012 11:20 AM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
14g
Blue Skies

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11/10/2012 11:20 AM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
14 grand :)
:kitten on fence:
ChvyV8Bldr (OP)
Detroit Broke City

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11/10/2012 11:21 AM

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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
14 grand :)
 Quoting: Blue Skies


HMMM
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Anonymous Coward
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11/10/2012 11:21 AM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
cash 500 ounces of silver will be worth a lot more than 2 million in 4 years
Anonymous Coward
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11/10/2012 11:25 AM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
however much pain it would cause me in the short term...I'd go for the 1 in 2 chance in 4 years...those are pretty good odds.
Anonymous Coward
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11/10/2012 11:26 AM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
if I was already a millionaire I'd take the 1 in 2 chance
Anonymous Coward
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11/10/2012 11:26 AM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
I would take the chance on the two million.
Anonymous Coward
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11/10/2012 11:27 AM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
$14,000 is the new $100 and will not accomplish crap in the long run.
Anonymous Coward
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11/10/2012 11:47 AM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
take the 2 mil it will be worth a 1/4 as much in 4 years but that still makes it $500k


but watch out for 2016 !


damned
Anonymous Coward
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United States
11/10/2012 11:55 AM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
No brainer, 2 mill!!!!!!!!!!!!!!!!!!
Anonymous Coward
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United Kingdom
11/10/2012 11:56 AM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
No brainer, 2 mill!!!!!!!!!!!!!!!!!!
 Quoting: Anonymous Coward 14117105


that
Anonymous Coward
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11/10/2012 11:57 AM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
Hell I would spend 14K for a 1 in 2 chance of 2 million anyday of the week, much less choose between the two.
Anonymous Coward
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11/10/2012 11:59 AM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
I would take the 1 in 2 chance, I am already broke-might as well hold out for the mil......:)
Tashie

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11/10/2012 12:02 PM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
I like certainty... I would take the $14,000 now.
Anonymous Coward
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11/10/2012 12:04 PM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
i think the op is "formulating" a system to win the lottery.
that is why his 2mil odds are 50%, because no matter how complex the formula the result from any up/down one/choice is always 50%
Anonymous Coward
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11/10/2012 12:04 PM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
I would take the 1 in 2 chance, I am already broke-might as well hold out for the mil......:)
 Quoting: Anonymous Coward 26996077


Yep, nothing I need now, so I would too.

However, 14,000 now would buy lots of food and water for storage, silver, which might be a better investment and possibly even worth more than the 2 mill in the near future.
Anonymous Coward
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11/10/2012 12:06 PM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
$14k would not do much to change anything, but even $500k could
ChvyV8Bldr (OP)
Detroit Broke City

User ID: 27097115
United States
11/10/2012 12:07 PM

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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
take the 2 mil it will be worth a 1/4 as much in 4 years but that still makes it $500k


but watch out for 2016 !


damned
 Quoting: Anonymous Coward 16520024


That's why I picked 4 years. Interesting answers.
Will we even know we were alive when we're dead?
ChvyV8Bldr (OP)
Detroit Broke City

User ID: 27097115
United States
11/10/2012 12:09 PM

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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
i think the op is "formulating" a system to win the lottery.
that is why his 2mil odds are 50%, because no matter how complex the formula the result from any up/down one/choice is always 50%
 Quoting: Anonymous Coward 1135376


Correct...But I wish the chances were as good.
Will we even know we were alive when we're dead?
Anonymous Coward
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11/10/2012 12:09 PM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
$14 grand
ChvyV8Bldr (OP)
Detroit Broke City

User ID: 27097115
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11/10/2012 12:10 PM

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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
Hell I would spend 14K for a 1 in 2 chance of 2 million anyday of the week, much less choose between the two.
 Quoting: Anonymous Coward 1379749


I never thought of it this way....Hmmm.
Will we even know we were alive when we're dead?
Anonymous Coward
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United Kingdom
11/10/2012 12:12 PM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
I would accept the 14 g's today and pay off my debts then invest the rest and hope that after 4 years I could go someway to reducing the potentiality of my loss.

Regards
Jules
Adamic Seed nli
User ID: 27234025
Canada
11/10/2012 12:13 PM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
So the type of people who read and post to the question may be more of the now or more of the later type.

What does it say about the choice--is one conservative, the other, a risk taker?

What is the psychology?

How do I feel about my present circumstances?

How do I feel about my ability to provide for myself in the future?

How do I feel about the stability of society?
Anonymous Coward
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11/10/2012 12:15 PM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
The reason is that the universe has within it purpose - to have money one must have purpose else you will waste it and as such I would have purpose in not spending the residue of the 14 k, that being to guard against embarrassment.

Regards
Jules
Anonymous Coward
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11/10/2012 12:24 PM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
I would take $5,000 NOW! Not because I need it but because two years from now the dollah may be worth crap!
Anonymous Coward
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11/10/2012 12:34 PM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
def rather go with 50% chance of 2,000,000 in 4 years, i dont NEED 14k but having odds that good of becoming a millionaire would be worth much more to me...


very suprised by the responses so far
Anonymous Coward
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11/10/2012 12:42 PM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
100% Chance of 14k
50% Chance of 2000k but you have to wait 4 years.

A lot can happen in 4 years, you may find that the 2 million is crushed by hyperinflation and is only worth 50k at todays value or you may die in an accident etc, but a 50/50 chance at 2 mill with no/little investment risk at all is pretty good odds... but the way i see it you are basically betting 14k at 1 in 2 odds.

I'd take the 14k because id probably try and invest 10k of that in something tangible that i will still own, gold or silver may be a good option and buy myself some goodies with the 4k, probably a new computer etc.

Rather have 14k in my hand now with no risk than potentially have nothing in my hand in 4 years.

If it was something like 1k now or 50% chance of 1 million in 4 years id probably jump for the chance at 1 million as 1k wont make much difference, but 14k is too much for me to ignore... Its not life changing but would allow me some financial freedom to make some choices right now that i couldn't otherwise make.
Anonymous Coward
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11/10/2012 12:45 PM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
def rather go with 50% chance of 2,000,000 in 4 years, i dont NEED 14k but having odds that good of becoming a millionaire would be worth much more to me...


very suprised by the responses so far
 Quoting: Anonymous Coward 15622114


That approach is understandable if somebody here earns upwards of 50k-100k a year, as 14k is not a lot of money these days.

But its still enough money to make me think seriously about it.
Anonymous Coward
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11/10/2012 12:45 PM
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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
cash 500 ounces of silver will be worth a lot more than 2 million in 4 years
 Quoting: Anonymous Coward 957572


bump
ChvyV8Bldr (OP)
Detroit Broke City

User ID: 27097115
United States
11/10/2012 12:46 PM

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Re: Okay...if you had to choose between $14,000 cash today, or a 1 in 2 chance for $2,000,000.00 in 4 years, which do you choose?
100% Chance of 14k
50% Chance of 2000k but you have to wait 4 years.

A lot can happen in 4 years, you may find that the 2 million is crushed by hyperinflation and is only worth 50k at todays value or you may die in an accident etc, but a 50/50 chance at 2 mill with no/little investment risk at all is pretty good odds... but the way i see it you are basically betting 14k at 1 in 2 odds.

I'd take the 14k because id probably try and invest 10k of that in something tangible that i will still own, gold or silver may be a good option and buy myself some goodies with the 4k, probably a new computer etc.

Rather have 14k in my hand now with no risk than potentially have nothing in my hand in 4 years.

If it was something like 1k now or 50% chance of 1 million in 4 years id probably jump for the chance at 1 million as 1k wont make much difference, but 14k is too much for me to ignore... Its not life changing but would allow me some financial freedom to make some choices right now that i couldn't otherwise make.
 Quoting: Anonymous Coward 26837875


Well yeah, at $1,000 it totally wouldn't be worth it.
Will we even know we were alive when we're dead?

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