Strange Famous

pay off my loans

that would do $60



For the rest, hold on to it and put it into a house.

__________________
"Do not tell lies, and do not do what you hate,
for all things are plain in the sight of Heaven. For nothing
hidden will not become manifest, and nothing covered will remain
without being uncovered."

The Gospel of Thomas

hrandani

Winter into wisdom.

World's King

Pay off my bills.


Fuck. A lot. Drink. A lot. Cocaine. A lot.

__________________
heavy is the head that wears the crown

Plan9

White people + money = cocaine.

__________________
Whatever you can carry.

"You should not drink... and bake."

World's King

White People + Money = Cocaine, Dead Hookers, and becoming President

__________________
heavy is the head that wears the crown

Willravel

At $4k per kilo, $100k = 25 kilos. That's more than enough to start a very lucrative business in illegal drug sales. I'm sure that $100k could easily become $1m so long as you're able to find trustworthy distributers and work smart. Reinvesting that again, one could become very rich, assuming one is familiar with police tactics against drug dealers.

It represents high levels of both risk and reward.

Plan9

You took the University of Phoenix Online course, too?

__________________
Whatever you can carry.

"You should not drink... and bake."

willynilly

First, open up mutual fund brokerage account, signing myself up as my own advisor. The 70k or so after taxes would generate about $2100 in commissions to myself. Then could write checks out of it while still being invested in the market. Pay off a little credit card debt built up. Get living room furniture (new end tables, coffee table, long skinny table behind couch, wide screen plasma tv, new sound system). New computer, K2 Lotta Luv skis for the wife. Think about a new car, get a fence for the backyard instead.

Infinite_Loser

Just an observation, but it doesn't seem like anyone would use the money to benefit others >_>

__________________
I believe in equality; Everyone is equally inferior to me.

Baraka_Guru

God helps those who help themselves.

__________________
Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön

Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot

LoganSnake

That sounds pretty fair to me. Everybody's got problems. I'd rather take care of mine first.

With that said, I'd set half of it for student loans and invest the other half to make the money grow.

__________________
Maturity is knowing you were an idiot in the past. Wisdom is knowing that you'll be an idiot in the future. Common sense is knowing that you should try not to be an idiot now. - J. Jacques

hrandani

I don't feel the need to pat myself on the back publicly for helping others, if that's what you meant. Neither do I feel the need to advertise the fact that I tithe. That sort of would destroy the point.

But I feel Ustwo's answer was by far the best, so I opted for a quote out of the western corpus of literature to complement it.

LazyBoy

tithe, use a portion to make a down payment on a house, and I'd invest the rest in whatever stocks I were watching at the time...

-Will

__________________
Life is nothing, everything.....and something in between...

host

I'd buy $3,000 face value pre-1965 silver junk US coins, dimes and quarters:
http://www.tulving.com/goldbull.html#silver , a $33,000 invesment. Last time gold broke $800/oz, silver went to $50/oz, it's $15.50 on Nov. 9.

These coins are recognizable, need no assay to sell, aren't subject to fraud, as drilled out/base metal filled bars have been in the past, and are much easier to use as tender to pay for things if US paper fiat script collapses completely.

In case gold is not in the rising trend I am perceiving (gold price decline will drag silver down with it, if I'm expecting rising gold to push up silver....), I'll hedge the silver purchase with "insurance" good until third friday in Jan. '08... 3 "put" contracts on PAAS *Pan American Silver", allows me to sell 300 shares at $30/share. even if declining silver price drags PAAS shares below that price:
http://finance.yahoo.com/q/op?s=PAAS&m=2008-01 Cost= $475 including trade fee.

I'd buy 500 shares of SRS (double short realty ETF, moves up double the rate of decline in the realty stocks sector) at $105/share. In august, when financial stocks had declined less than in the current decline, SRS topped out at $121.29
http://finance.yahoo.com/q?s=srs Cost= $52, 510 including trading fee.

I would hedge the SRS shares with BSC call options. BSC, Bear Stearns moves opposite the way SRS moves. BSC has dropped from $126 to $96, in just a few weeks. I'd buy 5 BSC "Call" options expiring Jan. '08, allows me to buy 500 shares of BSC at $95/share, even if the price rises above that.
http://finance.yahoo.com/q/op?s=BSC&m=2008-01 Cost= $5,760 including trading fee.

I'd sell 2,000 HRB (H&R Block) shares short at $19.00 per share, using the margin available in my brokerage account, collateralized by the 500 SRS shares. Cost= $19,010 imcluding trade fee.
http://finance.yahoo.com/q/op?s=HRB&m=2009-01

HRB attempted to sell it's home mortgage division, Option One, to Cerebrus capital, earlier this year. They expected to recieve about $700 million from the sale. The sale won't happen, Option One Mortgage is actually worth less than zero, because:
http://calculatedrisk.blogspot.com/2...n-concept.html

HRB runs the risk, as all mortgage originators do, that those who bought the MBS (mortgage backed securities) issued by firms like Option One, will "put back" the MBS on the mortgage originators, if appraisal fraud or lax underwrting in "stated income" ("liar" loans) can be established by lawyers and investigators hired by pension, hedge, and mutual funds now stuck with the MBS. When that happens, HRB would be forced to buy back the MBS at the price they sold it for, and then mark it to market...possibly at less than half what they pay back for the MBS.

Neither the failed Option One sale or this new MBS risk is yet priced into HRB shares. IMO, HRB is a "short sell and hold" which needs no protective options hedge, and could decline to $10 per share or lower, after tax preparation season ends next april.

I would donate 20 percent of any profits from investments on my "windfall" $100,000 to https://secure.democracyinaction.org...t=Redesign.dwt

Mondak

Be very careful with silver. A lot of the charts that show historical data on silver don't take into account a HUGE hole. Silver is used in the production of photographic film. By far and away the largest consumers of silver were the likes of Eastman Kodak and FujiFilm. You have to add back in to the supply side of things a LOT of demand to make up for this before Silver will model its historical charts.

__________________
All truth passes through three stages:
First it is ridiculed
Second, it is violently opposed and
Third, it is accepted as self-evident.

ARTHUR SCHOPENHAUER (1788-1860)

Seer666

Hey, you got a huge back seat, you don't need to waste money on a hotel. Find a parking lot, craw in the back seat, and pass out. Makes road trips much cheaper. And there is a YMCA in just about every major city to catch a shower at.

__________________
Bad spellers of the world untie!!!

I am the one you warned me of

I seem to have misplaced the bullet with your name on it, but I have a whole box addressed to occupant.

ASU2003

+100k

-40k or 50k taxes
-30k home mortgage
-7k trip to Europe (damn exchange rate)
-5k solar panels
-5k electric secondary motor & batteries for car on short trips
-1.5k lcd projector
-1k other fun stuff (ski trip, new bike)
-0.5k strippers, gambling
-10k savings

Willravel

I do that for a living.

Mondak

Yeah me too. Didn't anyone see my rant about taxes earlier in the thread?

__________________
All truth passes through three stages:
First it is ridiculed
Second, it is violently opposed and
Third, it is accepted as self-evident.

ARTHUR SCHOPENHAUER (1788-1860)

Willravel

I did. I assumed the $100k was after taxes, as it makes the answer more simple.

MSD

My student loans and credit cards would be paid off, money we borrowed from family to pay bill would be paid back, 6 months of mortgage payments would sit in a high-yield savings account with the payment being automatically deducted every month, and the rest would go into 6 o 12 month CDs, whichever had a higher return rate at the time. Every 6 months, the CD would pay out and the cost of the next 6 months of mortgage payments would drop into the savings account. This would keep us going until I graduate and can support my family, and hopefully move out within two years.
You have absolutely no idea how much cocaine costs, do you?

Willravel

Not a clue.

Googled it and found $135 per gram, which means 1 kilo = $135,000. I'd not be able to buy even 1 kilo with $100k.

MSD

Wholesale on 70-75% pure kilos in the tri-state area has stayed steady around $22k-25k for the past ten years or so.

Willravel

Fortunately, this is information I've never really had to know. Still, interesting.

I wonder if I'm the first person to use google to find out how much coke costs....

World's King

Pretty soon you'll be able to use Google to find where to buy cocaine.

__________________
heavy is the head that wears the crown

laconic1

I could make the down payment on a house. Then I'd invest the rest for my retirement fund. Extremely boring I know but 100k isn't enough to go buck wild with anymore.

Challah

Buy some new paintball gear and use the rest to pay for the six and a half years of school I have ahead of me.

Plan9

Hahaha... GoogleDealer via GoogleEarth?

__________________
Whatever you can carry.

"You should not drink... and bake."

stevie667

I'd curse the strong pound and wait to cash it until the exchange rate was more favourable.

Then buy some...stuff...

__________________
Office hours have changed. Please call during office hours for more information.

MSD

did you mean Coca Cola?

product search results for cocaine
1 kilo pure Colombian highland blow - $27000
1 gram of crack - cheapest in New York - $95
ebay: Wholesale crack rocks - click for prices!



Google ads:

Find cheap blow in your area!
Are you paying too much for cocaine?
Professional Rehabilitation Services
Ever wanted to do a line of coke off a hooker's ass?

StellaLuna

Hee. I can hear those ads in my head being read with a used-car salesman's radio commercial voice.


And with my money-- 50% to taxes, then pay off my car, my loans, my cards, and redo the kitchen in this beautiful old house. Anything left would get dropped in my money market to await future use.

__________________
Screw tradition!

ItWasMe

Finish restoring my '57 Chevy pickup truck. Probably take a short vacation. Donate some to a charity (but I don't need to say how much or to which one). Put some away.

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. . . . . . . . . . . . . .


"Ok, no more truth-or-dare until somebody returns my underwear" ~ George Lopez

I bake cookies just so I can lick the bowl. ~ ItWasMe

nrclark

some very ... interesting responses, thanks.
although doing a couple of lines off a hookers ass is quite high on my list, i think i'll refrain from doing that until the 100 grand grows a bit first.
pay off debt, invest the rest seems like the smart thing to do (although very boring) ...
THANKS FOR THE RESPONSES ALL !
p.s. looking forward to all your imputs in my next post .... "what business would you start if you only had a 100 grand to do so"?) ...

ccsharon

Hi, I just wondering about double taxation. USA has Double taxation avoidance agreement with the country in which the income is earned. The citizens in USA submit his Income tax return, besides USA, also in the country of source of income and pay the applicable tax. Is there any way to avoid double taxation?

blktour

i would pay off my mothers, 3 sisters debts, and then whatever was left over, i would pay off my debt, and then invest the rest in maybe a business, or stock, or a 401k, or max the heck outta my IRA... CD maybe.

analog

I've always been kind of partial to "honkey", myself.

Jadast

1. Trip to Aruba
2. Pay off debts.
3. Bank whatever was left

Terrell

^This but I would get a Camaro instead of a Mustang.

Merlocke

Step 1: Buy a house with large downpayment.
Step 2: Get Home Equity loan on said house using revolving credit
Step 3: Invest Loan at rate higher than interest on loan in a semi-liquid fund that pays at least quarterly to offset your interest only payments (easy to do once you do enough research)
Step 4: Watch house appreciate, loan pay itself, investments grow.
Step 5: Wash rinse repeat until you've replaced your income.

Seriously though - 100k should be able to get you retired and DONE in 7 years. I took 100k and turned it into 600k in 7 years. Dumped that into a liquid investment at 30%/annum on 5% exposure and it's generating 180k/year for me now as one of my streams of income.

__________________
-=[ Merlocke ]=-

Average_Joe

Hey Merlocke. You got my attention. Can you teach me how to do this?

Also, eloborate on #3?

(Sorry...... threadjack)

__________________
I think I'll procrastinate......in a little while.