If you had a million dollars [Archive]

Aadill

11-08-2010, 12:02 PM

I'd probably buy a house and furniture for the house, like a nice chesterfield or ottoman.
Though maybe I'd be interested in buying a nice reliant automobile.

Maybe instead I'd buy you a fur coat, but not a real one... I'm not cruel like some OTHER people.
Why not get the animal instead? I could buy you an exotic pet like a llama or an emu...

In all seriousness I'd probably just bank it. Then I'd go steal more.

Shannacore

11-08-2010, 12:29 PM

I don't really like any of your options, Japan.

Ihealyou

11-08-2010, 12:32 PM

Put it into low risk T-bills

guineapig

11-08-2010, 12:53 PM

Spend 100k to pay off my student loans and invest the rest.

Sleep well knowing that my monthly income is now effectively doubled because I don't have any more payments.

Retire in about 10-15 years and stay at my current job because there is such little effort involved.

Pick a different country to visit for each vacation with my wife as opposed to (let's just going camping this year to save money).

Shannacore

11-08-2010, 12:54 PM

Spend 100k to pay off my student loans and invest the rest.

Holy shit 100k in student loans? That's crazy

Rogean

11-08-2010, 12:55 PM

Pay for EQEmu servers, and the salaries of all the staff, so they could quit all their jobs and work on P99 non-stop.

guineapig

11-08-2010, 12:56 PM

Holy shit 100k in student loans? That's crazy

Private school for undergrad and have my Master's as well (also private school).

Biggest mistake of my life.

Shannacore

11-08-2010, 12:58 PM

Private school for undergrad and have my Master's as well (also private school).

Biggest mistake of my life.

That would probably do it.

I'm fortunate to have my entire undergrad covered (For 5 years, dammit), and then some.

Grad school, ahoy!

guineapig

11-08-2010, 01:05 PM

My family is poor... I guess I am just trying to follow in their footsteps (albeit subconsciously).

Shannacore

11-08-2010, 01:06 PM

My family is poor... I guess I am just trying to follow in their footsteps (albeit subconsciously).

I'm trying to do the opposite ~

Aadill

11-08-2010, 01:07 PM

Selfless act turned shameless plug

I endorse this.

<3 you, Rogean.

Wizerud

11-08-2010, 02:57 PM

If you banked the whole million how much would you get in interest per year? My answer would be dependent upon this.

Lanvaren

11-08-2010, 05:18 PM

If you banked the whole million how much would you get in interest per year? My answer would be dependent upon this.
Less than a teacher's salary.

Hasbinbad

11-08-2010, 06:25 PM

I nominate this poll to be selected for judgment in the "Best p99 Polls of 2010" category at the Trolly Awards show.

Seconded?

quido

11-08-2010, 06:26 PM

I'd buy $950,000 worth of heroin.

Hasbinbad

11-08-2010, 06:30 PM

^ $50,000 worth of rehab

Estolcles

11-08-2010, 07:02 PM

I woulda said the alcohol one originally, but after last week and today, I'm going with the ass big enough the whole world can kiss it.

Spud

11-08-2010, 07:09 PM

someone has been listening to the Slim Shady LP

id go with option 2

bluejam

11-08-2010, 07:30 PM

Pay for EQEmu servers, and the salaries of all the staff, so they could quit all their jobs and work on P99 non-stop.

quellren

11-08-2010, 07:37 PM

Option 1: Buy a Brewery

Not because I want anyone to be an alcoholic, I just want a better place than my garage for all my brewing equipment.

Bubbles

11-09-2010, 12:05 AM

http://images.icanhascheezburger.com/completestore/2008/9/9/twochicksatth128654867122996477.jpg

Trademaster

11-09-2010, 01:02 AM

....I'd be rich.

Ok, not really, 1 million is hardly enough to survive on, however it's a good nest egg to start with. you should be able to clear $50,000 in interest (before taxes) in very safe modest investments, but when you don't have a job, that goes quick.

Heck if I hit the big lottery jackpot, (10 mill+ net) I'd still work for about 6 months while I got the windfall working for me. very little would actually be spent.

Lanvaren

11-09-2010, 06:14 AM

http://images.icanhascheezburger.com/completestore/2008/9/9/twochicksatth128654867122996477.jpg
LOL!

Perfect.

I bow to you.

Estolcles

11-09-2010, 01:20 PM

http://images.icanhascheezburger.com/completestore/2008/9/9/twochicksatth128654867122996477.jpg

Win.

guineapig

11-09-2010, 03:31 PM

If you banked the whole million how much would you get in interest per year? My answer would be dependent upon this.

Define "banked". Throw it all into a checking account and the money is not going to do much.

If you are going to invest the money chances are it's not going to a bank.

With IRAs in:
Emerging markets ( like China and Brazil),
(nonrenewable) natural resources,
Alternative energy stocks.

You can pull 20% profit in a little over a year without much effort.

Itchybottom

11-09-2010, 05:47 PM

The same thing I do with my money currently. CRT for the bulk of it to avoid capital gains tax (Franklin Templeton, is an okay one, I've also dealt with TIAA CREF) and do something with the money once I'm gone that is worthwhile (American Cancer Society is my chosen charity for example), then depending on success rate of the brokerage accounts held within that investment move the interest money to treasury bills to maturity and gift however much to relatives I can to reduce my actual taxes, and cycle the money back into the CRT investments to do all over again the next year.

The truth is, a million USD isn't much money. I had nearly that a few years ago between my two CRT alone, and only a few unfortunate events in my life dropped me sub $400k in a matter of months. You could take a million, and then an additional loan to go with it and probably do something decent in life, but when it comes down to reality -- it probably won't last someone without experience in such affairs longer than 6-8 years.

Taluvill

11-09-2010, 06:22 PM

Assuming I won this from Mcdonalds monopoly, I'd pay for liposuction.

Assuming I didn't, I'd do two chicks at the same time, because I'd still be cute enough to do it.

I'd throw a few G's P99's way, and some at the cancer treatment centers of America so I felt good about my decisions.

I would buy a bomb ass ride, and still live with my parents through college (like i do now) and invest everything so I can hopefully have something to turn to after college is good to go and done.

Wizerud

11-09-2010, 06:38 PM

Define "banked". Throw it all into a checking account and the money is not going to do much.

If you are going to invest the money chances are it's not going to a bank.

What I mean is something that would be low-risk but guaranteed interest. What the options would be I do not know but if I was able to yield about $60-70k per annum I'd be living in relative luxury. So my question to you would be what are the options you'd have in order to generate that kind of money annually?

Ihealyou

11-09-2010, 07:48 PM

if I was able to yield about $60-70k per annum I'd be living in relative luxury.

eh

Trademaster

11-09-2010, 08:17 PM

Once you had your $60 - $70k salary, then you'd realize you had more needs than your income affords.

When I was making less than $10k a year, I always thought $15k a year would be awesome, I'd have no more needs When I was making only $20k a year, I knew $25k and I'd be set. etc. etc. etc. It's in our nature to want more than we have.

quellren

11-09-2010, 08:36 PM

I could live just fine on 70k a year. I live pretty well on 50k right now.

I think you (excluding those in SoCal and NYC) needs to look at your spending habits if that's not enough.

Estolcles

11-09-2010, 08:40 PM

I could live off a million for a number of years living in Virginia.

Probably less in North Carolina or Kentucky.

Japan

11-09-2010, 09:04 PM

part of the appeal of receiving a large lump of cash is that you wouldn't have to live in fucking virginia

or kentucky or north carolina.

cadiz

11-11-2010, 12:30 AM

Blow it all on expensive practice jokes.

cadiz

11-11-2010, 12:32 AM

Actually, invest in spell checking my posts.. THEN blow it all on expensive practical jokes.

Blazed420

11-11-2010, 12:38 AM

I live in VA and trust me if I had a million dollars, I wouldnt be caught dead here unless it was just visiting. Come on vacation and leave on probation.

William_Munny15

11-11-2010, 09:21 AM

I live in VA and trust me if I had a million dollars, I wouldnt be caught dead here unless it was just visiting. Come on vacation and leave on probation.

Come out to beautiful and Portland Oregon. If you don't mind the rain it's the greatest city in the world.

Klath

11-11-2010, 10:40 AM

/ob Office Space

Peter: What would you do if you had a million dollars?

Lawrence: I'll tell you what I'd do, man: two chicks at the same time, man.

Peter: That's it? If you had a million dollars, you'd do two chicks at the same time?

Lawrence: Damn straight. I always wanted to do that, man. And I think if I were a millionaire I could hook that up, too; 'cause chicks dig dudes with money.

Peter: Well, not all chicks.

Lawrence: Well, the type of chicks that'd double up on a dude like me do.

Peter: Good point.

Japan

11-11-2010, 11:23 AM

Klath

11-11-2010, 11:40 AM

you're a little late bro

Yeah, didn't see the images.

guineapig

11-11-2010, 12:22 PM

What I mean is something that would be low-risk but guaranteed interest. What the options would be I do not know but if I was able to yield about $60-70k per annum I'd be living in relative luxury. So my question to you would be what are the options you'd have in order to generate that kind of money annually?

Chances are you are much too young to be dealing with low-risk investments. You have to take a little risk or else you are going to basically be seeing $0.03 interest every month and well.... that might as well be zero.

You take something that's slight risk and you invest for the long term but obviously something that also makes sense for the future. You should be coming out ahead even with dips in the economy. It happened to me. That 19% profit i made was with an IRA I purchased BEFORE the economy tanked. Had the economy not tanked I would have actually done better.

Of course I only made roughly $1000 but if I had a million dollars invested that would have actually been a $190K profit.