What would you do?

[Truthiness Inspector]

Serious question.


If you had 500k where would you invsst?
If you had a mil, likewise?

If you had 5 mil?

On edit: stupid typo LOL

[jmowreader]

1. My answers

With 500k:

Half a million really isn't all that much money. At that level, you really can't afford to do anything risky. My strategy:

100k in each of two mutual funds: one that tracked the S&P 500, the other that invested in an industry you like. (Alternately, there are "socially conscious" funds--they don't do tobacco, they don't do defense, they don't do booze...one of those would be okay, if it performed well.)

100k buried in the back yard. Okay, buried in a bank somewhere. Put half in a money-market account, put the other half in regular passbook savings so you can get a new water heater without losing two months' interest.

100k in "tangible assets"--specifically precious metals. The American Eagle coins are nice, and they seem to perform well. You could spread this out a bit--put 20k in each of five different kinds of coin, which lets you take advantage of the rare-coin market as well as the precious-metals market.

100k in US Savings Bonds. Bonds aren't the highest-performing investment in the world, but on their redemption date you know they'll still be good.

With another 500k:
Double the investment in each of the aforementioned classes. You can get a bit more speculative with a million dollars, so looking at some higher-performance vehicles would be feasible. (Remember: upside comes with risk.)

At $5 million you can invest in a business or three and start employing people who need jobs. Remember: teach a man to fish, he eats for life; open a fish cannery, the whole town eats.

Okay, let's really play: With $10 million, I'm going to flight school, buying a Pilatus PC-12, and starting a business hauling shit around the Northwest for $1250 per hour.

This is a PC-12:

[Zoigal]

2. Great, sound advice

for investing.....gorgeous plane...hope your dream is realized...

[jmowreader]

5. The best part of the PC-12...

Yes, that is a forklift being used to load a pallet into a PC-12. It's also certified for landing on grass runways and flying into really shitty conditions, which makes it the perfect airplane for a liberal--if one needs to help his fellow man in his darkest hour, it's better to arrive with a couple tons of relief supplies--which is no problem in that airplane.

I wonder if they'd look at you funny if you requested seating you could clean with a hose.

[Omphaloskepsis]

3. Someone has to do it. Might as well be me..

Peter Gibbons: 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 Gibbons: 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 Gibbons: Well, not all chicks.
Lawrence: Well, the type of chicks that'd double up on a dude like me do.
Peter Gibbons: Good point.

[Breeze54]

4. The Presidency

seriously! this is America, isn't it?
Maybe not but that's even more of a reason!

Land, land, land!