Tall Ships Picture, Should I sell lottery payments?

Passmoore, Works Of Alexander & I.V.

A drawing preceded this much larger painting. Now this is a sight to behold. Possessing a fleet of tall ships entails some measure of responsibility however. Considerable periodic outlays must be made for maintenance and repairs. Professional crews must be kept on hand. Steps must be taken to curb liability for inevitable accidents… -Probably not what you have in mind when pondering what to do with your newfound wealth. Sure, you could pass the reigns of responsibility to hired hands, but will they attend to your ships’ business as a true owner would? Just one terrible mistake and the whole fleet could be lost to a predictable storm or an avoidable lawsuit. Sure you have a lot of money, but will it be enough to maintain the ships into perpetuity? Surely you don’t think it’s easy to operate profitably as a niche cruise line? Think of the burdens of fleet ownership. Do you really want to assume all the headaches it entails? Why sell lottery payments at substantial discount if all you’ll get is mental misery? If you like sailing so much, book a trip on a charter and spend a week getting seasick. Chances are, your fortune and happiness will endure far longer if you simply hold onto that annuity. High-masted schooners, clippers Series Description: Hypothetical scenario- you’ve just won the lottery, and the jackpot was worth millions! But there’s a catch: you’ll be paid slowly over the course of 20 years. Do you accept the predictably moderate income, or sell the lottery payments to an investor for a big lump-sum payout? -A series of tempting acquisitions dismissed by some reasons not to sell annuity income. Assumption: you’re a layman with no grand business aspirations. -Can apply to wealthy non-lottery winners too.