If you had a million dollars how would you invest it and why?
Id take 200k and get into a decent home
300k as short term/risky fund, and to use the interest to help pay off the mortgage of said home purchased above
Then I'd take the remaining 500k to MS and have it split up pretty well among aggressive and conservative index funds, shooting for a 12% yield after commissions. Im 23 now, so if I put 500k in the bank today, I could basically ensure my retirement and not have to worry about any other retirement vehicles, with 20mil+ in the bank by the time im 55
I wouldnt quit my job however, but I would have more cash to spend since I wouldn't be putting anymore into the 401k nor pissing away money on rent
300k as short term/risky fund, and to use the interest to help pay off the mortgage of said home purchased above
Then I'd take the remaining 500k to MS and have it split up pretty well among aggressive and conservative index funds, shooting for a 12% yield after commissions. Im 23 now, so if I put 500k in the bank today, I could basically ensure my retirement and not have to worry about any other retirement vehicles, with 20mil+ in the bank by the time im 55
I wouldnt quit my job however, but I would have more cash to spend since I wouldn't be putting anymore into the 401k nor pissing away money on rent
pay off my current property, student loans, take another chunk out to open a nice detail shop. then take rest of the money and put it into a low risk investment like a CD or something (really don't know much about this). then wait until the housing market bottoms out, take all that money back out and buy up sht load of properties then rent them out. THEN I'll quit my current job! 
Chicks dig me. April Fool's!
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I would pay my student loans and credit card bills. I'll max out my IRA every year. $3500 or $4500 each year or something. It changes all the time. Diversify into stocks, bonds, TBills etc. Put a down payment on a variety of investment properties, and use the remaining money for mortgage payments in worse case scenario. Maybe open a small business if money still permits.
40% for investment properties and back-up money for mortgages.
20% for IRA's, bonds, T-Bills
20% for stocks and other aggressive investments
10% cash.
40% for investment properties and back-up money for mortgages.
20% for IRA's, bonds, T-Bills
20% for stocks and other aggressive investments
10% cash.
First thing I would do is buy a 1995 Porsche 911 turbo in yellow for about 30k
Then pay off all my bills..
then I would buy a house in encinitas down south.. then take 200k and put it into a high interest CD account (well split between different accounts with different banks)
Put 10k in my checking for random purchases.. and kick back for a few months driving my new porsche.
then I would invest the other 140k into stocks.
Then pay off all my bills..
then I would buy a house in encinitas down south.. then take 200k and put it into a high interest CD account (well split between different accounts with different banks)
Put 10k in my checking for random purchases.. and kick back for a few months driving my new porsche.
then I would invest the other 140k into stocks.
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I'd buy all the foreclosing homes I could that were in a good area and rent them out until the market got better. Ones that needed renovation, I'd get that done as well and increase my turn over. Markets like these are how Trump got rich.
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