You just won $100,000.oo ...
 

... what would you do with it? I'm not looking for impulse "buys" here, i've already got hundreds of those in mind. What i need to know is what would you seriously do with a hundred grand? What type of investments? Would you start a business? "ING Direct" ? (lol) ... away we go ! :thumbsup:

okay, how about you start.... tell us what you would do first.

$100k? Porsche. The 911 Turbo is about $126k, and I could spend $26k of my own money for that.

Mutual funds and a General Electric M134.

Trade in my car for a new Mustang, which wouldn't chip too much off the top, then put it all in an account to earn money (interest, CD, IRA, something like that

Duck hunting?

hookers and booze.

1. Cash the check
2. Pay $50,000 in taxes so people can consume infinite amounts of health care regardless of cost, save baby seals and fund suspicious research that happens to be chaired by the brother in law of the government official deciding what is the best "science to invest in". Oh yeah and more bullets and a side order of wire taps please.
3. The other $50k would be added roughly $2k/ Month to my existing budget until it was gone. I would not save a red cent. That $2k allows me to continue to invest in myself and my company without having to sacrifice as many ski days. . .

$14k or so goes to bills. Figure at least $33k went to Uncle Sam, so now I have $53k to play with. Two 16 year olds who will be in college in 2 years....
It's down to zero. :(

Money market account. Probably spend a few hundred on clothes or something too.

Two chicks at the same time.

or...

I'd put a $50k down on a house and use the rest to travel the world for a few months.

Pay off the student loans, then I would get a financial adviser to help me make more money.

Pay off bills.

Small house, big garage.

Automotive toolset from hell.

An old car to keep me busy.

Chop wood, carry water.

I'd probably take 5-10% off the top to blow on whatever (a couple or three guitars, new computer at home, etc.). Pay off everything but the house (let's say 10k). Buy a new car. Put 10k in emergency savings, the rest in CD's and/or mutual funds.

After taxes, and child support. I am basically looking at having $50K leftover.

25K towards house (additional downpayment with a few grand extra towards new appliances, building a deck and such).

10K towards Retirement (IRA, Money Market Funds)

Pay off my auto

5K to a college fund for my child (he's 18 years, that'd be a good start).

What's leftover I would use to get myself going again in college, and of course keep a couple grand around for travel.

I would use the money to quit my job, get something part time, and finally go to college. I can get funding for school now, but I can't afford to take the time off from work.

Silly life. :(

OH, I'd pay Ustwo $100k for his vote!

I said liberal proof, I spent another 100K last week on equipment alone.

We gave away about that much in the past few months to poor people. Go figure.

Didn't get the "liberal proof" reference.

This is such an easy question. I'd give it to my ex. Even though she doesn't really deserve such a kind act, it'd be more for the sake of her kids than anything else. Of course, that's all after paying tithes and offerings, of course :D

The difference is that when I'm done I'll have created seven long term jobs while providing a desired service to the community. :thumbsup:

Those people on the other hand will still be poor.

True, but they will be poor with food, clothing, and new job training.

"I said liberal proof"?

If you say so, I'll add I also spent money I need to repay, not gave away other peoples money. I'm sure that job training will help them repay you so you can spend more to help others (pause for laughter).

proof - impenetrable, impervious, or invulnerable

As in so rich your crazy, non-viable, economic policies can't screw up the economy to the point you can't make it beyond wage slave on your own initiative.

The General Electric M134 will be attached to my motorcycle via sidecar and will be used to neutralize whitebread pricks in European SUVs.

You know for someone who can't say nigger without using n-word, you do like to toss that around.

Why is that?

Because when I'm on my big honkin', sets-off-car-alarms loud, chrome-covered motorcycle... it is only white people in European SUVs that don't notice me and nearly kill me on a regular basis. Then they have the balls to keep talking on their cell phones and give me dirty looks when they merge 6" in front of my fender at 70 mph.

Hating white people doesn't have a social no-no stigma yet, either.

Lame link for you: White People Suck

Buy a car and quit whining.

Why? I already have a truck, whitey.

http://i8.photobucket.com/albums/a13...pt07_Small.jpg

It didn't cost $100k, though.

Although with a $100k I could buy a nice H1 and put a hefty Cummins turbo diesel in it.

I pity the deer...

I don't. Why do you think I put that Mad Max lookin' thing on the front of my ride?

...

With $100k to throw around... I might have some kind of sausage-making implement attached to the grille as well... venison for everyone!

I would spend about $10k on random stuff I've been wanting. The rest I would open a music store with.

A 10k night at the strip clubs with my friends, pay rent on a nice place a year in advance, a half decent car with a huge back seat, then college full time for a bit. And top off my IRA for the year.

Pay down the last of my debt and put the rest away for my retirement.

Strip clubs and a car with a huge back seat, huh?

Damn, you've got the crotch fever!

Three things:
1. Put some of it towards the mortgage on the house.
2. Put some of it in index fund investments and my IRA.
3. Use the rest to go see the world.

I'd probably split 75k between 1 and 2, and use the rest for fun stuff.

I'd invest in the new N-Gage. Or buy 100k of Cocaine.

I would probably move to a small (but overpriced) apartment in the middle of some big city. I'm leaning towards Boston, but Seattle might be nice, too. I've always wanted to live the metropolitan lifestyle, after living in Tennessee and Indiana...

This is a no-brainer for me.

1. Pay off debts
2. Invest in index funds using the couch-potato theory (equal mix of bonds, stocks, real estate index, perhaps)

I would let the fund build until it would be enough to have a down payment on a home of at least 20% of the value.

I want to amend my my answer. In addition to what I said above, I would hire referees (READ: Strippers in Stripes) for this year's Turkey Bowl! Every Thanksgiving morning, I get up at 5am and stripe the field at the end of my street for a 7:30am game. This is year 8.


http://www.theediproject.com/ref.jpg

If I had two of these chics show up as a surprise, I think my buddies would crap themselves! I could even have money left over for beer.

pay off my loans

that would do $60

:(

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

Winter into wisdom.

Pay off my bills.


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

White people + money = cocaine.

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

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.

You took the University of Phoenix Online course, too?

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.

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

God helps those who help themselves.

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.

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.

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

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

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.

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.

+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

I do that for a living.

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

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

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?

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.

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

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....

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

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.

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.

Hahaha... GoogleDealer via GoogleEarth?

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

Then buy some...stuff...

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?

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.

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.

Great Suggestions !
 

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) ...:no:
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"?) ... :thumbsup:

double taxation
 

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?

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.

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

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

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

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.

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

Also, eloborate on #3?

(Sorry...... threadjack)

Probably get some assets like houses, cars, furniture, technology, etc. Then get a finanicial adviser to help make more money by investing in several other companies while leaving a set of funds for each family member and myself to use for the meantime.

I'd buy ALL the duct tape on the east coast and sell it back at ridiculous prices.

booze and hookers and hookers and more hookers

With 100k I would stay home and use it to trade stock options full time. Oh baby !

pay off the cars then refiance the house with whats left over.
the money i save there would pay the rest of the debt off in a few months.

Pay off bills.
Buy a Magpul Masada.
Invest the rest about 60:40 in the company my dad's helping launch and my brother's production company.

Masada. Good choice!

http://earl-ipoint.blogspot.com/

I post my findings from time to time. Otherwise, I'll just point one of my staff in your direction. I take pride in the fact that I made my investors 7.8M in 2007 on their aggregate 26M in the investment I've researched.

And no, I'm not a crappy licensed financial planner monkey that sells whatever the banks or mutual fund co's tell me to do to bilk clients out of their money via commissions. No offense to the other financial dudes out there - I just don't charge for info ;) and I make enough on my own investments.

----back to OP----

so - what'd you do with the money in the end? - just curious.
Go read Rich Dad Poor Dad by Robert Kiyosaki. It's the book that got me out of the whole 9-5 thing.

Pay off my student loans, pay off my vehicle loan, pay back my RSP's that I took out to help me while I am at school.
(we don't get taxed on lottery winnings in Canada)
Should have about 70K left. Probably put 50K of that as a down payment on a house, 13K into my savings fund. 5K on nice leather couches for my new house. and the last 2K will be spend on impulse buys. Like lego, I think I would buy an ass load of lego

While it's not a bad plan, and homes usually appreciate, they can't go up forever. The person I bought my home from lost $10,000 on it, and it is a good (built in 2000) $140k house in Ohio.

But I agree that the game is to get as much cash on paper and leverage you can get and make more money until you don't need to borrow it. But you also don't want to be in financial ruin because the market tanked or people started to realize that investors were controlling home prices instead of homeowners in the major markets and people couldn't or didn't want to pay the premium for some flippers greed.

Keep it all and dont work during college, just go to school full time. It might work for a year or two, considering my lifestyle. I'd certainly be able to pump out a lot of classes in that time, though. Plus going for a dual major is a real bitch.

I'd move my parents into a nicer neighborhood.

I'm not sure how much would be left after taxes, but the first thing I would do is pay off my student loans; buy both my sisters houses, and get myself a car and some new tattoos.

1/2 towards a house (I already have a down payment but more would be better)
Pay off car loan
Trip to Cuba (with money for some nice cigars)
Put the rest away for retirement.