what would you do with $5.2 million dollars

[MattTheSkywalker]

Suppose you had about $5.2 million. What would you do with it? Assume for the sake of discussion that you already own your house outright, have two cars, and no children. You already have more than enough clothing, don't care much for jewelery, etc.

You'd like to grow the money, and are not the kind of person who will live off of a trust or an annuity; instead preferring to be dynamic and engaged in the use of the money. You'd like to allow ultimately for a high standard of living (private jet, etc.) and move ultimately toward developing wealth to fund a foundation and a dynastic family. Appearance on lists like the "Forbes 400" is unimportant.

What do you do?

 

[SofaGeorge]

Put it into a diversified investment portfolio... and I stress the diversified.

The best option is to get 3-4 financial planners... and have 3-4 separate investment accounts.

And so you learn this lesson... here is how I screwed up:

1. I did all my investing by myself... no advisors
2. I concentrated my accounts and extended on margin
3. I traded options like a drunken sailor
4. I pursued multiple risk investments
5. I kept all of my investments in stocks

I made a lot... but I also lost a lot.

The bottom line is educate yourself and consult before you do anything stupid.

I've had to learn this lesson twice now.

 

[PolishHammer1977]

I would live my life in a series of spontaneous intervals. There are no boundaries for anything.

 

[danielson]

finances has never been my forte....

but even if i desired to use it actively i;d still stick a hell of a lot of it in the bank, just for security and the interest, maybe 1-2 million

actively invest 1 million, allowing a second million as back up

use 1 million to upgrade my standard of life



i wouldn;t automatically donate money to charity initially, but wait till other investments took root and seemed to be moving towards success, then invest in funds/charity etc

 

[Y_lifter]

Donate a 1/2 mil to my Small Church for things they really need right now.

Pay off my Immediate families houses.

Put 3 Mil in a stable earning fund / Money market

The rest in real estate / land for a 5 year investment.

 

[the nature boy]

go to vegas.

 

[WODIN]

I would check into buying into the IMF.

 

[alien amp pharm]

what would you do with $5.2 million dollars

Probably die at an early age.

 

[HumorMe]

You could use it to get out of a DUI charge.

 

[corvettedudeman]

I would invest 1million in blue chip stocks.

Set aside another million in a US savings account to use once the economy is on the upswing again.

Invest 500,000 into tech stocks now, so i can do my part in putting money back into the economy

Invest 1 million in an annuity right now they are earning about 5%

Put two million in an account outside of the US. According to the Swiss Natinal Bank, interest rate is 12.5%

Thats about it... That set up right there would earn me almost a million a year in iterest being safe. It will give me room to lose the 500k i invested in tech stocks... And hopefully the blue chip stocks will do something for me over the next 5 years

 

[Zebo]

Disappear.........

 

[FLASHMAN1]

Suppose you had about $5.2 million. What would you do with it? Assume for the sake of discussion that you already own your house outright, have two cars, and no children. You already have more than enough clothing, don't care much for jewelery, etc.

You'd like to grow the money, and are not the kind of person who will live off of a trust or an annuity; instead preferring to be dynamic and engaged in the use of the money. You'd like to allow ultimately for a high standard of living (private jet, etc.) and move ultimately toward developing wealth to fund a foundation and a dynastic family. Appearance on lists like the "Forbes 400" is unimportant.

What do you do?

Personally, I'd open my dream business... I'd open my own Harley Davidson dealership... I know that would cost me, but in a few years, you'd more than recoup your investment, and make a nice profit... For me, there would be nothing more fun....

 

[FreakMonster]

Suppose you had about $5.2 million. What would you do with it? Assume for the sake of discussion that you already own your house outright, have two cars, and no children. You already have more than enough clothing, don't care much for jewelery, etc.

You'd like to grow the money, and are not the kind of person who will live off of a trust or an annuity; instead preferring to be dynamic and engaged in the use of the money. You'd like to allow ultimately for a high standard of living (private jet, etc.) and move ultimately toward developing wealth to fund a foundation and a dynastic family. Appearance on lists like the "Forbes 400" is unimportant.

What do you do?

First off if you have 5.2 million laying around I hate you!!!

Frankly, if I was in that situation I would buy several pieces of prime real estate or commercial buildings and make money off them. You can buy a commercial building turn into some luxury lofts and sell them for $400,000 a piece. If you buy land you can build a building with a business that you feel will make you money or you can hold on to the land. Also look into areas that you think are growing rapidly and invest in land there. I think that's the way to go. What do you think?

 

[dballer]

Start a small hobby buisness. Raise a small family. Donate half to struggling charities (of my choice).

 

[ZenMachine]

Give at least 1/2 of it away to my elite brothers. (Here's hoping someone on here has that problem)

For the results you are looking for you would need to start some sort of business with the money. Real estate perhaps. Maybe go into full time investing.

 

[Norman Bates]

Live of the interest rates and travel around the world.

 

[sigweed]

buy a chalet in whistler and ski for the rest of my life, while leaving comfortably off the interest

 

[Lao Tzu]

invest in real estate, then use the equity & monthly payments to mortgage a few million dollars in other types of property and do the same thing. Continue this cycle.

Or you can go into business with Addickt.

 

[velvett]

Disappear.........

Same here, just after I pay off my car.

 

[gotmilk]

Suppose you had about $5.2 million. What would you do with it? Assume for the sake of discussion that you already own your house outright, have two cars, and no children. You already have more than enough clothing, don't care much for jewelery, etc.

Well...I would acquire a clean trading shell and find a private company to merge with. You can issue paper and dilute and walk away with a huge gain if you played it right.

Right now, I'm working on taking over an empty Nasdaq Small Cap shell and am trying to merge either LL Bean or Bangor Savings Bank into the shell.

You give yourself a couple million shares, you pay yourself a salary, you dump shares to pay for expenses, and you score huge when you successfully complete a merger. Either way....you make money.

 

[vinylgroover]

I'd take Velvett to the Greek Isles and eat Taramosalata and drink retsina from sun up till sun down.

with the rest, i'd buy a couple of smaller development sites here in Sydney. $2m will buy a nice site to develop 10 town houses. Finance the construction 100% and make a nice 18% return.

From there i would keep developing.

 

[rsnoble]

I would do nothing. That much money is enough for the rest of my life to get everything I want: high class whores, nice house, sports car, vacations, and nose candy.

 

[rsnoble]

PS>>>Why would I do nothing? Because my life currently has to much shit in it as is. The deal with 20 townhomes, a bar and all that other bullshit is to much responsibility. My biggest worry would be choosing the best looking whore for the evening. I wont be the dumbass getting a call at 3am from my assistant manager from my new mcdonalds store telling me his cash drawer is short. Fuck that crap. Im gone baby!

 

[pauly]

Probably die at an early age.

lol

 

[big4life]

I would go to Tahiti and watch the sunset everyday.

 

[bigguns7]

I would open several franchises.

Subway
Dry Cleaner
Sylvan Learning Center


Those are quick and SUREFIRE ways to multiply money. It's is almost impossible to fail with a Subway Franchise. You could open a good many with $5 million. Startup cost are anywhere from $88 to $160k including franchise fees. Royalties are very low as well, 5-7% if I remember correctly.

 

[manny78]

I would spend 4 months in Miami, 4 in Spain and 4 in Montréal. Most of that money would go in my bank accounts and govt. saving bonds. I would use some to open a shooting range/gun shop in Montreal, since there's only one and it sucks big time.

 

[bigguns7]

Another idea is to open a driving range. Those things are money machines.

 

[gotmilk]

Another idea is to open a driving range. Those things are money machines.

Not in the NorthEast!

Hey..if you want to make more money so you can jet-set....try opening an offshore bank. Loan money to real companies at rediculous rates while forcing them to use 150% collateral in either stock or property.

Actually...my previous shell idea would net you $20 to $40 Million quickly...serious bling-bling...