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 Replies: 69 / Views: 5,462 |
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Valued Member
United States
455 Posts |
I'd invest $4.5 MIL in a well diversified stock and mutual fund portfolio and go shopping with the rest.
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Pillar of the Community
United States
1247 Posts |
******************************************
quote:bonzo benny and the feds
Are they a rock group?
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Ballerina troupe. They dance around sprinkling
fairy dust on paper and then they call it money.
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Pillar of the Community
 United States
5953 Posts |
It has to be real estate for me Buy a dozen houses in a middle class neighborhood lease them then watch the coin budget flow in on a monthly basis
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Member
United States
3242 Posts |
Leg's& a back that works
Edited by amac44
10/06/2007 12:00 pm
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Pillar of the Community
United States
2600 Posts |
Even with the crush on the housing market and its effect on land, waterfront property on the lower "Eastern Shore" is still a steal and has lost no value in this down turn. With the projections for growth on the shore, it is a no-brainer.
Jim
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New Member
United States
16 Posts |
I'd diversify the 5 mil: 30% stocks, 30% real estate, 15% precious metals. I'd take the remaining 25% and buy some guy toys.  |
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Valued Member
United States
455 Posts |
quote Jim1953: "..Even with the crush on the housing market and its effect on land.."
True, the real estate market is getting a bit crushed. Then again, the trick is to buy low. It may be that now is a good time for those with the $$ to speculate.
Those that tried to "buy to flip" 2-3 years ago are getting crushed now with the ARM notes getting adjusted, but hey, timing is everything right?
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Valued Member
United States
85 Posts |
A 1913 Liberty nickel, and with what was left over I would by a Tank to protect it  |
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Bedrock of the Community
United States
20753 Posts |
As already noted. Invest and live off interest.
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Valued Member
United States
157 Posts |
There's more than one right answer.
I'd probably set all but $1 million aside for retirement. I think $4 million could fund a pretty nice retirement (easily over $100,000 a year in income, adjusted for inflation) and leave me with a million dollars of play money. Some of the play money would go to coins, some to traveling, some to home improvements, and some held "in reserve" for future use.
And oh, yeah, my two weeks' notice would start immediately. I may never need to work again but I don't like burning bridges; plus I like my boss and co-workers and don't want to leave them totally hanging.
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Rest in Peace
United States
2884 Posts |
I would set up a financial plan that would allow me to help as many people in need as possible. I would use a portion to purchase some "want" items but basically I'm happy with what I already have. Mike  |
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Pillar of the Community
 United States
974 Posts |
Interesting that most people wouldn't buy one of the other three "1804" $10 Gold Coins for $5,000,000...just one so far.
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Valued Member
United States
83 Posts |
I liked the retire and travel!
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Moderator
United States
6563 Posts |
I'd do all those things really. 5 Million wouldn't really keep me retired though at my age. If I had a bit more I'd move to Natal in Brasil and live out my days. And acquire every single coin known to man of course. |
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New Member
United States
11 Posts |
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Replies: 69 / Views: 5,462 |
First Page
Posted 10/06/2007 08:47 am
