What if you were a unemployed, single and won $400,000 US. What would you do.
- Thread starter McRocket
- Start date
Fuck investing it. I could die at any momement, then what? Worse cas escenerio, I spend all my money and start back where I was before. Either way, I haven't lost anything.
Violator79
Take a Hit, Spunker!
Use some of it to start Violator79's Stop Stupid People From Breeding Fund
Will E Worm
Conspiracy...
Pay off my parent's home and car. Pay off my car loan.
Take a long vacation. I could think about what to do with the rest on vacation. :hatsoff:
Take a long vacation. I could think about what to do with the rest on vacation. :hatsoff:
tartanterrier
Is somewhere outhere.
Pay off my folks morgage and invest the rest of it in different baskets.Then use the interest on wild weekends abroad :thefinger
I'll give it to Obama since he wants me to spread the wealth.
Anyways pussypoppa the reason I qouted you was to find out who's that on your avatar??
Pay off the mortgage.
Pay cash for a Jeep.
Take a 2-week long Mediterranean vacation -- Italy, and Greece.
Invest the rest in real estate.
Pay cash for a Jeep.
Take a 2-week long Mediterranean vacation -- Italy, and Greece.
Invest the rest in real estate.
I would put 300,000 of it in different savings account to tac on interest. I would put them each in 100,000 amounts in 3 different accounts. (shouldn't keep all your eggs in one basket these days.) Then I would take the other 100,000 and pay some bills and to start on my own online project as an investment.
Buy acres of land and build condos or something. 5 to 10 years later, ill have a multi millon dollar investment!
Oh hell, right now? Invest big time!
Oh hell, right now, I'd invest 1/3rd into stocks (there are some great buys out there), 1/3rd into select real estate and the other 1/3rd diversified over a few money market funds (awaiting better stock opportunities in the future).
I know a lot of people think that's "a lot of money," but it's not at all. But it's a great "investment start." Live thrifty, invest well, and you'll be just fine.
Even in these allegedly "hard times" I've only lost about 10% of my investments. I lost about 10% back through the 2003 bottom. In return, I've made about 50%, so I'm doing quite well over 10 years.
What I wouldn't give to have started out with $400,000! If I had that in my mid-'20s, it would easily let me retire early with about the $2.5M I figure I need to retire. $2.5M @ 4% APR = $100,000/year, the amount I believe I'll need to live on in 30 years to equal the $30,000/year I live on (with my wife) now.
Oh hell, right now, I'd invest 1/3rd into stocks (there are some great buys out there), 1/3rd into select real estate and the other 1/3rd diversified over a few money market funds (awaiting better stock opportunities in the future).
I know a lot of people think that's "a lot of money," but it's not at all. But it's a great "investment start." Live thrifty, invest well, and you'll be just fine.
Even in these allegedly "hard times" I've only lost about 10% of my investments. I lost about 10% back through the 2003 bottom. In return, I've made about 50%, so I'm doing quite well over 10 years.
What I wouldn't give to have started out with $400,000! If I had that in my mid-'20s, it would easily let me retire early with about the $2.5M I figure I need to retire. $2.5M @ 4% APR = $100,000/year, the amount I believe I'll need to live on in 30 years to equal the $30,000/year I live on (with my wife) now.
