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Using $10 million in 24 hours

Bohemianne

Verified
Joined
May 11, 2007
Messages
8,238
Points
48
Let's say you unexpectedly inherit/win $10 million and you are only given 24 hours to plan on how you will invest/use it wisely, what will you do?

1. Will you invest at once on a good business franchise?
2. Will you buy stocks?
3. Will you buy all the trust funds known to you?
4. Will you go to the bank and make good arrangements?
5. Will you fund an existing credible business?
5. Will you fund it to credible charity organization?
6. Will you pay all your clan's debts?
7. Will you buy a dream house?
8. Will you buy a vintage automobile/luxury car?
9. Will you marry your fiancee?
10. Will you arrange for a world tour?
11. Will you give it to the church?
12. Will you spend it on casino?
13. Will you fund the terrorists?
14. Other options...

Folks, it may be your future twist of fate...who knows?
 
i'd use some of it to get married, and invest the rest into CD's and maturing IRA's and such to try and increase my savings.
 
ok, $10 mill?

$5 mill goes in the bank or into an IRA
$1 mill goes to my dad
$1 mill goes to my mom
$1 mill goes to my sister and her family
$1 mill goes to my mom-in-law
$1 mill goes to my sister-in-law and her family

what is refused by any family members goes into various animal charities.
 
2. Will you buy stocks? $3 million

5. Will you fund it to credible charity organization? $1 million

7. Will you buy a dream house? $3 million

14. Other options... $3 million tax free municipal bonds
 
*lol* great thread!

well, I'd look for an investment that most certainly pays, and put
3 million bucks in there.
for 2 million I'd buy or build a nice big house,
1 million would be invested for a few beautiful cars,
2 million would go into a new huge drum set and a professional recording studio,
and the remaining 2 million would be shared out between my family.

Greets
Tom
 
Last edited:
I would withdraw all £10million from wherever it was deposited in one fell swoop and then tell whoever was bankrolling the project that I spent it on hookers. I would of course not have spent it on hookers, but rather would have kept it in my arse pocket, and once my ruse was complete I would go to my bank and deposit the lot in my account, that it might begin to accrue interest.

Either that or some sort of repeating Prawn Cannon, I'm not sure at this juncture.
 
I would withdraw all £10million...

Congratulations, by going from $ to £, you just doubled your money!

By the way, remember to put a good chunk of that (dollars or pounds) aside for the taxes you're gonna get hit with...
 
Firstly, I'm going to presume that this is after taxes.

I would pay off all the bills I and several close friends have.

I would set up a trust fund for NEST so that people who couldn't
afford to travel there would always have plane/train/bus tickets or
gas & toll money.

I would buy land in Alaska and in Costa Rica, learn to fly a plane,
build two off the grid houses, and always have a place to go vacation
at which had sturdy ceiling beams 😉

I would hire a personal trainer and someone to prepare my meals for
6 months straight, until I had what I considered my perfect body,
and hopefully by then I'd be hooked on exercise 😉

I'd buy some great toys and make sure my house had plenty of
awesome space for guests no matter when they stopped by.

Last, I'd buy more investment land, some no-load mutual funds, good
life insurance, some individual stocks, and municipal bonds, take a
class on options trading and set up an off-shore account in a place
where the interest is high, and the questions asked are nil.

Lee


Let's say you unexpectedly inherit/win $10 million and you are only given 24 hours to plan on how you will invest/use it wisely, what will you do?

1. Will you invest at once on a good business franchise?
2. Will you buy stocks?
3. Will you buy all the trust funds known to you?
4. Will you go to the bank and make good arrangements?
5. Will you fund an existing credible business?
5. Will you fund it to credible charity organization?
6. Will you pay all your clan's debts?
7. Will you buy a dream house?
8. Will you buy a vintage automobile/luxury car?
9. Will you marry your fiancee?
10. Will you arrange for a world tour?
11. Will you give it to the church?
12. Will you spend it on casino?
13. Will you fund the terrorists?
14. Other options...

Folks, it may be your future twist of fate...who knows?
 
Praticality: Invest in stocks or bonds; business ventures, such as a Mexican restaurant, sports bar, gym; around 4 million.

Charitable contributions: Most likely scholarships funds, up to 2 million.

Fantasy/Dream stuff: Homes or timeshares around the country, including Hawaii, California, New York; A couple of new vehicles including a new Dodge Ram 3500 dually with a deisel engine for pulling a bid boat, or pulling a big trailer for my new Harley-Davidson Ultra Glidessss, (and my current Harley Softail) and a Dodge Viper with a convertible top; a ranch in Texas and a farm in Michigan; 4 million.
 
Firstly, I'm going to presume that this is after taxes.

I would pay off all the bills I and several close friends have.

I would set up a trust fund for NEST so that people who couldn't
afford to travel there would always have plane/train/bus tickets or
gas & toll money.

I would buy land in Alaska and in Costa Rica, learn to fly a plane,
build two off the grid houses, and always have a place to go vacation
at which had sturdy ceiling beams 😉

I would hire a personal trainer and someone to prepare my meals for
6 months straight, until I had what I considered my perfect body,
and hopefully by then I'd be hooked on exercise 😉

I'd buy some great toys and make sure my house had plenty of
awesome space for guests no matter when they stopped by.

Last, I'd buy more investment land, some no-load mutual funds, good
life insurance, some individual stocks, and municipal bonds, take a
class on options trading and set up an off-shore account in a place
where the interest is high, and the questions asked are nil.
I'm gonna echo Lee's answer here, almost identically, with the exception that my destination would be a private island (I hear that the Florida Keys start at $2.2 million each) with a private hotel for members of the community. Think of it as a year-round NEST-like Disneyland, or NESTlyland if you will. Something like that. Airstrip and hangars, hurricane and tsunami-proof of course.
 
Congratulations, by going from $ to £, you just doubled your money!

By the way, remember to put a good chunk of that (dollars or pounds) aside for the taxes you're gonna get hit with...

Oh yeah that's right! Your currency is worthless compared to the mighty Pound Sterling! In that case I would use my ten million quid to buy much air-time on your American Emergency Broadcast Channel and broadcast footage of myself sipping a snifter of finest Port and laughing haughtily at your pathetic colony to every home in the USA.

Please Note: Anyone caught pointing out that if it "wasn't for us you'd be speaking German" will be harshly reminded which nation's army took Berlin. Thank you, and goodnight.
 
Oh yeah that's right! Your currency is worthless compared to the mighty Pound Sterling! In that case I would use my ten million quid to buy much air-time on your American Emergency Broadcast Channel and broadcast footage of myself sipping a snifter of finest Port and laughing haughtily at your pathetic colony to every home in the USA.

Please Note: Anyone caught pointing out that if it "wasn't for us you'd be speaking German" will be harshly reminded which nation's army took Berlin. Thank you, and goodnight.

Hey, if it weren't for us, you'd be speaking German!

(Just kidding, So when will we get together for some more hot cyber-loooove?)
 
Goodness, gracious me! We all know, of course, that the British are the best that's worth being done at everything in the world.

😀
 
Firstly I would get advice from my Independent Financial Advisers (firm I work with), get good advice on where to put the majority of the money, which funds to use, what charges are involved, what tax implications there are and also to get a commission rebate, so it increases my wealth.

Then after the 24 hours start to spend the rest of the money and dish out some to family/friends as I'm not a greedy bastard and like to share the enjoyment in spending and knowing that my loved ones are secure financially especially in retirement :woot:

I would definately purchase a bigger house than the one I have now with land, as that to me is the biggest expenditure I'm likely to have so get that all paid off then I can enjoy the rest 🙂 have time off work to have babies, some holidays, fast cars etc...oh to dream :rotate:
 
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