Author Topic: What would you do with $3-6 Million dollars?  (Read 8972 times)

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Howard Alan Treesong

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Re: What would you do with $3-6 Million dollars?
« Reply #60 on: July 31, 2008, 12:26:31 PM »
I still wanna know where this 7% modest lo risk return rate comes from...

Did you just start reading the Motley Fool or what? You're being a real dick about money for someone who doesn't have any.
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Eric P

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Re: What would you do with $3-6 Million dollars?
« Reply #61 on: July 31, 2008, 12:56:00 PM »
i thought abrader was the richest person on this board
Tonya

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Re: What would you do with $3-6 Million dollars?
« Reply #62 on: July 31, 2008, 01:00:07 PM »
i thought abrader was the richest person on this board

he's probably in debt with the amount of money he spends on hairspray.

abrader

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Re: What would you do with $3-6 Million dollars?
« Reply #63 on: July 31, 2008, 01:56:47 PM »
i thought abrader was the richest person on this board

What does this discussion have to do with my personal finances?


abrader

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Re: What would you do with $3-6 Million dollars?
« Reply #64 on: July 31, 2008, 01:57:40 PM »
I still wanna know where this 7% modest lo risk return rate comes from...

Did you just start reading the Motley Fool or what? You're being a real dick about money for someone who doesn't have any.

What are you even talking about?

Go away maggot.


abrader

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Re: What would you do with $3-6 Million dollars?
« Reply #65 on: July 31, 2008, 02:10:05 PM »
I still wanna know where this 7% modest lo risk return rate comes from...



Historical return of large cap stocks is 7-9%, and historical return of small cap is 10-12%.

Thats the thing - investing/trading is anything but certain in this economy. Everyone I know who trades is taking it in the ass right now because of the recession.


Bocsius

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Re: What would you do with $3-6 Million dollars?
« Reply #66 on: July 31, 2008, 02:20:47 PM »
Recessions don't last forever.

Play it safe in bad economic climates, take some risks when everything is yippy-skippy.

As for me, half in the bank gaining interest (bububut only $100K FDIC... save it), the other half on the market working.

Kestastrophe

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Re: What would you do with $3-6 Million dollars?
« Reply #67 on: July 31, 2008, 04:13:57 PM »
Thats the thing - investing/trading is anything but certain in this economy. Everyone I know who trades is taking it in the ass right now because of the recession.

Well no shit, the average investor is going to have a tough time getting a decent return in this economy. The numbers shown provide a historically conservative return averaged over many years, not over the course of zero to a few years.
jon

Bildi

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Re: What would you do with $3-6 Million dollars?
« Reply #68 on: July 31, 2008, 06:27:58 PM »
Invest it and live off the returns which would be fucking gigantic even with a modest return of 7% or something.

And yeah, I'd buy hookers and porn.

How do you get the 7%?

I'm not talking about speculating, I'm talking about investing which typically occurs over a long period such as 10 or 20 years, 7% is a very modest return for investing in shares or even property if that floats your boat.

Hell, you can earn 7% from a bank without much problem over time.

Powerslave

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Re: What would you do with $3-6 Million dollars?
« Reply #69 on: July 31, 2008, 06:28:28 PM »
Hey boo  :-[

abrader

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Re: What would you do with $3-6 Million dollars?
« Reply #70 on: July 31, 2008, 06:33:30 PM »
I dont trust land investments either.

See - you want to retire - not make managing your financial advisor your full time job.

Bitch will send you up the river with stock, land, etc risks and he wont be there to help when you take a fall.


Bildi

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Re: What would you do with $3-6 Million dollars?
« Reply #71 on: July 31, 2008, 06:44:45 PM »
Getting someone to manage your portfolio is one way I guess, but most sensible investors stick to something like blue chip shares (big, stable companies).  That's easy to do yourself and you don't have to watch the share prices because they're a long term investment - you might check prices every few months for interest but that's about it.

I'm not into property investment either - they're a fine investment and some people really like driving down the road and seeing their investment sitting there, but dealing with tennants and shit is not particularly attractive to me.  Plus the share market historically grows a little bit faster over time than the property market I think.

Akala

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Re: What would you do with $3-6 Million dollars?
« Reply #72 on: July 31, 2008, 06:58:03 PM »
I'd probably spend a good bit right off the jump, set some aside, and invest the rest.

I'd build a nice house. A two-story affair with tennis courts and a lazy river.

While it was being built, I'd take a long vacation. Around the world in 80 days lol.

I'd hook up the people I care about to various degrees, but give warning that that was all the money they'd ever get from me.  :maf

I'd take a few years off, play games, read, watch movies, learn languages.

I'd eventually try to start a business related to something that interests me after those few years, that way I'd have something to do. I think I would want to really think about it before I gave any to charity, so that the money could be as beneficial as possible.



abrader

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Re: What would you do with $3-6 Million dollars?
« Reply #73 on: July 31, 2008, 07:03:25 PM »
How do you guys feel about lottery winners, etc that can somehow blow 15-20M in a few small years and have nothing left to show for it?

Looking back thats what stimulated me to even post this question. I saw something on the local news stimulated by Oprah's show yesterday.

You guys all really seem to have level headed ideas about it.

Do you think all of the rationale would go out the window once you had the cash in hand?


Bildi

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Re: What would you do with $3-6 Million dollars?
« Reply #74 on: July 31, 2008, 07:15:46 PM »
It REALLY shits me off when people do that.  I've seen it a couple of times with our clients (I'm an accountant) - one client won $1.2M or thereabouts and blew it within a few short months.  The bank statement was littered with withdrawals - $10,000, $3,000, $25,000 etc...

Now they're back to doing it tough on their drought-stricken farm (and complaining about it).  I have no idea what the fuck they fluffed it away on because they have absolutely nothing to show for it.  They could have been set for life.

Fucking wankers.

abrader

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Re: What would you do with $3-6 Million dollars?
« Reply #75 on: July 31, 2008, 07:16:15 PM »
i must be feeling 'stimulated'


Akala

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Re: What would you do with $3-6 Million dollars?
« Reply #76 on: July 31, 2008, 07:21:30 PM »
It probably has something to do with the average lottery ticket buyer.

It's noveau-riches to the extreme.

Even if any of them make it last, their kids will be awful.


abrader

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Re: What would you do with $3-6 Million dollars?
« Reply #77 on: July 31, 2008, 07:29:45 PM »
It REALLY shits me off when people do that.  I've seen it a couple of times with our clients (I'm an accountant) - one client won $1.2M or thereabouts and blew it within a few short months.  The bank statement was littered with withdrawals - $10,000, $3,000, $25,000 etc...

Now they're back to doing it tough on their drought-stricken farm (and complaining about it).  I have no idea what the fuck they fluffed it away on because they have absolutely nothing to show for it.  They could have been set for life.

Fucking wankers.

Now it comes full circle. See I remember you making a comment like this in another thread recently and even waited on your dialog when i made this thread. I had no idea its context would arouse some of the reactions displayed shamefully within its pages.

Now that you are here. I have a theory that individuals with known windfalls become the unfortunate victim of marketing designed to drain them dry. MArketing and focused selling that is so over their head, they do not even see it coming.

Iv never have won any money other than small amounts gambling - and I dont really share any info with anyone - immediate family, girlfriends etc....

Think about people who win lotteries or some other transaction takes place that is publicly known - I think sales predators come in from the heavens and use bitches, drugs, pressure, ANYTHING they can use to convince the people to put their money in other places. (fucking design consultants etc, financial advisors, other quers and homos who say "stick it here")

What kind of radical activity to you experience with your face to face customers that you feel could be related?

IT seems like hics are the easiest targets.

Hahaha celebrity or E-television celebrities - Brittney Bitch.

Yeah im pretty much hammered- but you see where im going si?




Bildi

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Re: What would you do with $3-6 Million dollars?
« Reply #78 on: July 31, 2008, 07:46:59 PM »
:lol Yeah, I remember writing it once before too - it REALLY annoyed me.

It actually seems quite random how these things go.  I have one client who is very clever with the way they run their business, yet they're ALWAYS in some goddam get-rich-quick scheme.  Like pyramid schemes and such.  And of course none of them work.

This client won about $80,000 in a lottery a while back and asked me what he should do.  I'm an accountant, rather than an investment person so I suggested if he really doesn't know, see a decent financial planner - one who will do some good common-sense investments based on the client's risk profile.  I even recommended the one good financial planner I know.

No.  A few days later he rings and he has managed to find some dodgy investment group who have their fees buried in piles of documentation, and the investment group also told both me and the the client's bank manager "don't ring the client if you have a question, ring us directly" which sets off alarm bells straight away.

I don't get it - they're smart people, and yet they're always on the lookout for these get-rish-quick things.

Then we have the clients who we generally refer to as "poor dumb cunts" - those who are really nice people but they have no money and every time you see them they have a story about someone who came to visit them and offered them some amazing deal on a loan or investment or who knows what.

No matter how much you try, some people are beyond help.  And the fucking vultures out there can see them from a mile away - I don't know how they do it, but they find these poor gullible people no problems.

Bildi

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Re: What would you do with $3-6 Million dollars?
« Reply #79 on: July 31, 2008, 07:48:13 PM »
Eep, DP.

Robo

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Re: What would you do with $3-6 Million dollars?
« Reply #80 on: July 31, 2008, 07:53:07 PM »
I'd put it in my ass.

In the form of cocaine, of course.  Molded into a cock shape.
obo

abrader

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Re: What would you do with $3-6 Million dollars?
« Reply #81 on: July 31, 2008, 08:50:11 PM »
I'd put it in my ass.

In the form of cocaine, of course.  Molded into a cock shape.

Wouldnt that kill you?



Ecrofirt

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Re: What would you do with $3-6 Million dollars?
« Reply #82 on: July 31, 2008, 10:05:30 PM »
I can't imagine I'd really want to blow it on a lavish lifestyle or anything.

I'd probably buy a house with it. I'm thinking, 8 rooms or so. I dunno. Nothing big.

And I've really been wanting to buy a Mustang lately. Doesn't have to be brand new, but it's got to not look shitty, and it's got to be a stick. Vroom!
8=D

Howard Alan Treesong

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Re: What would you do with $3-6 Million dollars?
« Reply #83 on: July 31, 2008, 10:31:25 PM »
can I change my answer to "three girls at once, every night for a year"

I just ran the numbers and that's over $5000 per girl, each and every time.
« Last Edit: July 31, 2008, 10:36:26 PM by Synthesizer Patel »
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TVC15

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Re: What would you do with $3-6 Million dollars?
« Reply #84 on: July 31, 2008, 10:39:03 PM »
Do you really think you have the energy to keep three girls occupied for an entire night?
serge

Howard Alan Treesong

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Re: What would you do with $3-6 Million dollars?
« Reply #85 on: July 31, 2008, 11:04:00 PM »
Do you really think you have the energy to keep three girls occupied for an entire night?

no, I would just take one and the other two would fool around with each other in the background
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xnikki118x

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Re: What would you do with $3-6 Million dollars?
« Reply #86 on: July 31, 2008, 11:14:12 PM »
Pay off my parents' house and cars. Pay off my education and my boyfriend's education. Give a few thousand to the local no-kill shelter. Save a bunch for my kids. :)

I can't imagine I'd really want to blow it on a lavish lifestyle or anything.

I'd probably buy a house with it. I'm thinking, 8 rooms or so. I dunno. Nothing big.

And I've really been wanting to buy a Mustang lately. Doesn't have to be brand new, but it's got to not look shitty, and it's got to be a stick. Vroom!

I should also say I'd buy James and I a nice house. Nothing too lavish or big, but like 3-4 bedrooms (one for us, one for each of our 2 planned kids, maybe an extra). And I'd buy myself a car, since I don't have my own.
:-*

abrader

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Re: What would you do with $3-6 Million dollars?
« Reply #87 on: August 01, 2008, 10:14:50 AM »
can I change my answer to "three girls at once, every night for a year"

I just ran the numbers and that's over $5000 per girl, each and every time.

Sounds like you should be getting paid rather than paying the girls.


Mupepe

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Re: What would you do with $3-6 Million dollars?
« Reply #88 on: August 01, 2008, 10:25:32 AM »
my rationale wouldn't go out the window.  if anything, i'd become even more of a rigid prick (;)) about it once I actually had it.

bork

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Re: What would you do with $3-6 Million dollars?
« Reply #89 on: August 01, 2008, 10:53:38 AM »
Get a nice house and stuff for the inside, a nice car, that kind of thing.  Then save the rest and know that I always would have money if I ever needed it for something.  I wouldn't retire, although I might think about using some of it to start up a business.
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bagofeyes

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Re: What would you do with $3-6 Million dollars?
« Reply #90 on: August 01, 2008, 10:54:55 AM »
How much would it cost to make a good recording studio?

Ganhyun

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Re: What would you do with $3-6 Million dollars?
« Reply #91 on: August 01, 2008, 11:05:12 AM »
Hmm... if I had that, I'd pay off my debts. Then get a decent, two, maybe three, bedroom house. Put most into investment to earn interest to live off of. Take a week off from work. Then go back to work.

But I'd also take some and spend on sexy time and such.
XDF

abrader

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Re: What would you do with $3-6 Million dollars?
« Reply #92 on: August 01, 2008, 11:23:27 AM »
SynthPat's comment made me remember a funny story from my 20's.

There was this really sorta geeky rack monkey in operations at a previous company that I owned part of.

The guy did great work and pretty much stayed glued to his management tools for years while he gulped down junkfood and soda growing to a robust 240 or so pounds....He wasnt playing an MMORPG - his MMORPG was keeping our network running.

Anyway we made alot of money off of that company when it sold - the ops guy didnt have any points so we all pitched in and got him a gift.

About 5 of us got together an pulled $150,000. We went to Miami's BEST professional dating outfit that had the highest quality/best looking girls and bought our ops friend 5 very expensive gorgeous call girls for a 3 day weekend adventure w/ the girls at a resort.

To this day - the guy still wont tell us what happened over that three day weekend!

I must know some day!

« Last Edit: August 01, 2008, 11:34:14 AM by abrader »

Ganhyun

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Re: What would you do with $3-6 Million dollars?
« Reply #93 on: August 01, 2008, 11:53:54 AM »
SynthPat's comment made me remember a funny story from my 20's.

There was this really sorta geeky rack monkey in operations at a previous company that I owned part of.

The guy did great work and pretty much stayed glued to his management tools for years while he gulped down junkfood and soda growing to a robust 240 or so pounds....He wasnt playing an MMORPG - his MMORPG was keeping our network running.

Anyway we made alot of money off of that company when it sold - the ops guy didnt have any points so we all pitched in and got him a gift.

About 5 of us got together an pulled $150,000. We went to Miami's BEST professional dating outfit that had the highest quality/best looking girls and bought our ops friend 5 very expensive gorgeous call girls for a 3 day weekend adventure w/ the girls at a resort.

To this day - the guy still wont tell us what happened over that three day weekend!

I must know some day!




you must know so that we may know!!
XDF

abrader

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Re: What would you do with $3-6 Million dollars?
« Reply #94 on: August 01, 2008, 12:00:11 PM »
Honestly mate - I would run in fear.

5 girls that are that hott?

I couldn't take the pressure.

I think the best part would be cruisin around the resort with the 5 girls behind me and bein able to say - yep yep, thee are my hoes....

« Last Edit: August 01, 2008, 12:01:48 PM by abrader »

muckhole

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Re: What would you do with $3-6 Million dollars?
« Reply #95 on: August 01, 2008, 12:56:33 PM »
I hope, in my heart of hearts, that someday you and your friends pitch in and buy me a present someday.
fek

ferrarimanf355

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Re: What would you do with $3-6 Million dollars?
« Reply #96 on: August 01, 2008, 03:35:19 PM »
What would I do with $3-6 Million? 6-12 chicks at the same time, man.  :-*
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