10 Things You Can Buy With The Powerball Jackpot After Taxes: Teslas, Cryptocurrency, Stocks, Gold, Apple Stock And More
Portfolio Pulse from Chris Katje
The Powerball jackpot has reached $1 billion, making it the third largest in the game's history. The cash payout is $516.8 million, which after federal taxes of 24%, would be $392,768,000. The article suggests 10 ways the winner could spend or invest the money, including buying shares in the SPDR S&P 500 ETF Trust (SPY), Berkshire Hathaway Inc (BRK-A, BRK-B), Apple Inc (AAPL), and Tesla Inc (TSLA), or investing in cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).
July 19, 2023 | 11:00 pm
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POSITIVE IMPACT
The winner could invest in Apple Inc, the largest publicly traded company in the world.
The news suggests that the Powerball winner could invest in AAPL, which could potentially increase demand for the stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The winner could invest in Berkshire Hathaway Inc, a company led by legendary investor Warren Buffett.
The news suggests that the Powerball winner could invest in BRK-A, which could potentially increase demand for the stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The winner could invest in Berkshire Hathaway Inc, a company led by legendary investor Warren Buffett.
The news suggests that the Powerball winner could invest in BRK-B, which could potentially increase demand for the stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The winner could invest in Bitcoin, a popular cryptocurrency.
The news suggests that the Powerball winner could invest in Bitcoin, which could potentially increase demand for the cryptocurrency.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The winner could invest in Dogecoin, a popular cryptocurrency.
The news suggests that the Powerball winner could invest in Dogecoin, which could potentially increase demand for the cryptocurrency.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The winner could invest in Ethereum, a popular cryptocurrency.
The news suggests that the Powerball winner could invest in Ethereum, which could potentially increase demand for the cryptocurrency.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The winner could invest in the SPDR S&P 500 ETF Trust, which has averaged an annual return of 9.89% from 1992 to 2021.
The news suggests that the Powerball winner could invest in SPY, which could potentially increase demand for the ETF.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The winner could invest in Tesla Inc, a leading electric vehicle manufacturer.
The news suggests that the Powerball winner could invest in TSLA, which could potentially increase demand for the stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50