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What would you do with $1 million?

Discussion in 'Business, Investment and Economics' started by youngone, Feb 10, 2011.

  1. youngone

    youngone

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    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? :cool:
     
  2. tech/a

    tech/a No Ordinary Duck

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    Re: Would would you do with $1 million?

    Or do with it?

    Business
    Property
    Share portfolio

    Both in and out of SMSuper.

    Make it WORK
     
  3. Liar's Poker

    Liar's Poker

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    Re: Would would you do with $1 million?

    It's Thursday...
     
  4. jimmyizgod

    jimmyizgod

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    Re: Would would you do with $1 million?

    lol lay off the booze
     
  5. mattryanshares

    mattryanshares

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    Re: Would would you do with $1 million?

    If he's got a million just laying around wondering where to stick it!! He can call it anyday he wants!! :)
     
  6. matty77

    matty77

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    Re: Would would you do with $1 million?

    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! :):):):):)
     
  7. Lantern

    Lantern

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    Re: Would would you do with $1 million?

    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.:)
     
  8. Bill M

    Bill M Self Funded Retiree

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    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.
     
  9. burglar

    burglar

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    Buy a life membership at Stiletto
     
  10. GumbyLearner

    GumbyLearner

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    Hire Graham Richardson and/or Michael Kroger as a consultant
     
  11. VSntchr

    VSntchr

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    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 :)
     
  12. Sir Osisofliver

    Sir Osisofliver

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    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
     
  13. tothemax6

    tothemax6

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    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.
     
  14. Buckfont

    Buckfont

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    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`:)
     
  15. easylikesunday

    easylikesunday

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    150k on toys (cars, boat etc)
    150k in shares (20k to my adviser :p:)
    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 ;)
     
  16. nulla nulla

    nulla nulla Positive Expectancy

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    As in a win? Put it with the other millions. LOL :)
     
  17. Tanaka

    Tanaka Always Learning

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    put it all on red! :nuts:
     
  18. Julia

    Julia In Memoriam

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    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.



    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?
     
  19. Slipperz

    Slipperz

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    ROTFLMAO

    Set up a master trading platform in the hot tub and conquer the worlds's financial markets trading as "the prune"
    :pirate:
     
  20. Blake Windermere

    Blake Windermere

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    Buy another rub n tug joint
     
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