What would you do with 5 million dollars?
06-02-2009, 08:12 AM
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With 5 million dollars, the first thing I would do is buy Calvin a THIRD suit!! 
06-02-2009, 08:24 AM
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#1) Hey guys not to beat a dead horse but I forgot to mention that this investment in the money market account would be compounded over 13 years (using the numbers I used previously) giving you a much larger net than originally projected by me.
#2) Therussian, so you disagree to agree - pretty cool. Anyway I believe that if you have to pull your money from a money market account it's not hard at all. If it were in an annuity or spread out in CD's then I could see a problem. It's considered a sound investment and a proven one for the long run. The investment plan that you describe in Moscow is completely risky and unfortelling of the misfortunes of those who chased those types of numbers and lost it all.
I know that to make money there has to be some risk involved but your proposal and analyzation of the issue is double standard. You disagree but at the same time you agree. You speak figuratively but not factually, these are your words. You must take a stand! I do agree with you regarding the diversification of monies to different investment avenues. I was merely pointing out one avenue that has a proven track and a way to live of the interest without touching your initial investment.
Hey, the bottom line is your health-you can't enjoy shit without it.
#2) Therussian, so you disagree to agree - pretty cool. Anyway I believe that if you have to pull your money from a money market account it's not hard at all. If it were in an annuity or spread out in CD's then I could see a problem. It's considered a sound investment and a proven one for the long run. The investment plan that you describe in Moscow is completely risky and unfortelling of the misfortunes of those who chased those types of numbers and lost it all.
I know that to make money there has to be some risk involved but your proposal and analyzation of the issue is double standard. You disagree but at the same time you agree. You speak figuratively but not factually, these are your words. You must take a stand! I do agree with you regarding the diversification of monies to different investment avenues. I was merely pointing out one avenue that has a proven track and a way to live of the interest without touching your initial investment.
Hey, the bottom line is your health-you can't enjoy shit without it.
06-02-2009, 08:46 AM
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Originally Posted by craigm1841' post='897508' date='Jun 1 2009, 09:07 PM
although dropping burning dollar bills from a helicopter over a ghetto would be the funniest, i would inact my 5 million dollar plan.
buy 20 250,000 dollar condos/homes. rent each one for $2K a month. that is a profit of $40K a month. even after paying a property manager and taxes/insurance, you would still pocket at least $30K a month. keep in mind, you bought them outright so 1. no mortgage, 2. property is fairly liquid at the right price, even in this market. over the years while you build equity on your original investment, you will be earning a substantial income enabling you to continue investing.
what would you do?
buy 20 250,000 dollar condos/homes. rent each one for $2K a month. that is a profit of $40K a month. even after paying a property manager and taxes/insurance, you would still pocket at least $30K a month. keep in mind, you bought them outright so 1. no mortgage, 2. property is fairly liquid at the right price, even in this market. over the years while you build equity on your original investment, you will be earning a substantial income enabling you to continue investing.
what would you do?
Then house, X5 M for the wife, M6 for the weekends (maybe an M3 for each of my sons - even though 1 is only 2 and the other is 8 months, but you're never too young for an M are you?)
06-02-2009, 09:29 AM
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Originally Posted by pjinca' post='897944' date='Jun 2 2009, 12:46 PM
3 words - M5, M5, M5
Then house, X5 M for the wife, M6 for the weekends (maybe an M3 for each of my sons - even though 1 is only 2 and the other is 8 months, but you're never too young for an M are you?)
Then house, X5 M for the wife, M6 for the weekends (maybe an M3 for each of my sons - even though 1 is only 2 and the other is 8 months, but you're never too young for an M are you?)
06-02-2009, 09:39 AM
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$5MM before or after taxes? If it's before, take another 40% off that figure, so you are left with "ONLY" $3MM . . . .
I'd pay off whatever debt we had, fund college and grad school for the kids, buy a vacation home, and be certain that my parents and my wife's mom would be comfortable for the rest of their lives.
Because the investment real estate market is somewhat fickle these days, I would be hard pressed to place a significant amount of cash in real estate. I would likely consider tax free investments, live off the interest, and still have the principal at the end of the day.
I wouldn't quit working, but I would certainly change my work habits and do only the type of work for which I have a passion.
I'd pay off whatever debt we had, fund college and grad school for the kids, buy a vacation home, and be certain that my parents and my wife's mom would be comfortable for the rest of their lives.
Because the investment real estate market is somewhat fickle these days, I would be hard pressed to place a significant amount of cash in real estate. I would likely consider tax free investments, live off the interest, and still have the principal at the end of the day.
I wouldn't quit working, but I would certainly change my work habits and do only the type of work for which I have a passion.
06-02-2009, 12:42 PM
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Originally Posted by craigm1841' post='897508' date='Jun 1 2009, 09:07 PM
although dropping burning dollar bills from a helicopter over a ghetto would be the funniest, i would inact my 5 million dollar plan.
buy 20 250,000 dollar condos/homes. rent each one for $2K a month.
buy 20 250,000 dollar condos/homes. rent each one for $2K a month.
06-02-2009, 01:13 PM
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Originally Posted by one4thethumb' post='897998' date='Jun 2 2009, 12:39 PM
$5MM before or after taxes? If it's before, take another 40% off that figure, so you are left with "ONLY" $3MM . . . .
I'd pay off whatever debt we had, fund college and grad school for the kids, buy a vacation home, and be certain that my parents and my wife's mom would be comfortable for the rest of their lives.
Because the investment real estate market is somewhat fickle these days, I would be hard pressed to place a significant amount of cash in real estate. I would likely consider tax free investments, live off the interest, and still have the principal at the end of the day.
I wouldn't quit working, but I would certainly change my work habits and do only the type of work for which I have a passion.
I'd pay off whatever debt we had, fund college and grad school for the kids, buy a vacation home, and be certain that my parents and my wife's mom would be comfortable for the rest of their lives.
Because the investment real estate market is somewhat fickle these days, I would be hard pressed to place a significant amount of cash in real estate. I would likely consider tax free investments, live off the interest, and still have the principal at the end of the day.
I wouldn't quit working, but I would certainly change my work habits and do only the type of work for which I have a passion.
06-02-2009, 01:19 PM
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Originally Posted by flyingpuck' post='897914' date='Jun 2 2009, 11:12 AM
With 5 million dollars, the first thing I would do is buy Calvin a THIRD suit!!
06-02-2009, 02:16 PM
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Originally Posted by flyingpuck' post='897914' date='Jun 2 2009, 11:12 AM
With 5 million dollars, the first thing I would do is buy Calvin a THIRD suit!!