What would you do with $1 million?

[youngone]

Fun Friday!

You dont want it to sit in the bank, and you would like to some some money aside into investments and shares, to generate passive income.

what would you do if you have won $1 million sitting in the bank?

[tech/a]

Or do with it?

Business
Property
Share portfolio

Both in and out of SMSuper.

Make it WORK

[Liar's Poker]

Fun Friday!

It's Thursday...

[jimmyizgod]

It's Thursday...

lol lay off the booze

[mattryanshares]

If he's got a million just laying around wondering where to stick it!! He can call it anyday he wants!!

[matty77]

1. 250k shares
2. 250k house IP
3. 150k for daughter in trust
4. 50k holiday for me and family
5. 250k long term deposit

Anything left over gets wasted on stupid things like cars or whatever.



Now if it was at least 8 million I could afford to quit work, now that would be good. But a million would make life a bit easier in the short term!

[Lantern]

Approaching the big 60, I think I would just go and live in Thailand. Would be no need to invest as it would see me out in fine fashion. Bank interest would be fine, and less to worry about.

[Bill M]

If I didn't have a house then I would

Buy a house 400k----live rent and mortgage free

Shares 300K----- dividend paying stocks around 5%

Fixed Interest Securities and cash 300K------ Hybrids, floating rate notes, Bonds and cash, generating around 7% income.

That would give me $700 a week for the rest of my life.

[burglar]

Buy a life membership at Stiletto

[GumbyLearner]

Hire Graham Richardson and/or Michael Kroger as a consultant

[ValueSnatcher]

What would I do with $1 mil?
Two options:
a) buy a house for $500k and invest the other $500k in equities aiming for an average 15% pre tax return.

b) Use the money to relocate to somewhere in Europe, buy a cheap residence somewhere of my choice and use whats left over to invest and grow.


Option a more likely, but option b preferred

[Sir Osisofliver]

Well there's this solid gold toilet seat I've had my eye on... I'm sure the missus won't mind.

Cheers
Sir O

[tothemax6]

Probably put it in (more than one) bank. Then slowly siphon it into assets after ridiculous amounts of research (I have trouble investing non-trivial amounts of money).

Other than that, really don't know what I would buy with it.
Sports car would be useless to me. What, you get to drive it at 100kph!?, awesome. Not a fan of boats either.
Don't want to buy a house until I see better prices, preferably during a dip (perhaps when china has its real-estate correction).
Would probably get some guy to build an epic computer for me (and by computer standards, epic means 'it actually works well').

Would then probably go on a 6 month holiday to Japan. Yeah, I think that's one thing that might be worth the money.

[Buckfont]

Well there's this solid gold toilet seat I've had my eye on... I'm sure the missus won't mind.

Cheers
Sir O

Sir O,
I`m sure your missus would love such a throne, and if you want to allay future complaints may I suggest that you get the heated model, `AUHOT`

[easylikesunday]

150k on toys (cars, boat etc)
150k in shares (20k to my adviser )
500k on property (unit development or similar)
150k in a long term deposit (5 years @ 7% to cover me if it all comes crashing down)

&

30k on a trip to Amsterdam, Thailand and the USA.. for errr business ideas

[nulla nulla]

As in a win? Put it with the other millions. LOL

[Tanaka]

put it all on red!

[Julia]

Probably put it in (more than one) bank. Then slowly siphon it into assets after ridiculous amounts of research (I have trouble investing non-trivial amounts of money).

Other than that, really don't know what I would buy with it.
Sports car would be useless to me. What, you get to drive it at 100kph!?, awesome. Not a fan of boats either.
Don't want to buy a house until I see better prices, preferably during a dip (perhaps when china has its real-estate correction).
Would probably get some guy to build an epic computer for me (and by computer standards, epic means 'it actually works well').

Would then probably go on a 6 month holiday to Japan. Yeah, I think that's one thing that might be worth the money.

Now this post points up the truth (imo) that once you have enough money, more is superfluous unless you have a particularly altruistic nature and want to give it away.

Sir O,
I`m sure your missus would love such a throne, and if you want to allay future complaints may I suggest that you get the heated model, `AUHOT`

And in the interests of marital harmony, a throne to that value should have some automatic sensor which lowers the lid after a male has used it. No more whining about "why don't you put the seat down?"

Seriously, though, Sir O, would you agree with my comment above that, once you have enough money, more is pretty much meaningless?

[Slipperz]

Buy a life membership at Stiletto

ROTFLMAO

Set up a master trading platform in the hot tub and conquer the worlds's financial markets trading as "the prune"

[Blake Windermere]

Fun Friday!

You dont want it to sit in the bank, and you would like to some some money aside into investments and shares, to generate passive income.

what would you do if you have won $1 million sitting in the bank?

Buy another rub n tug joint