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Hypothetical

xmacroxmacro Everyone, Registered Users Posts: 3,402
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  • blurrblurr Everyone, Registered Users Posts: 962
    I have to ask the dumb question as I've had a few drinks. If you can't touch it for 5 years, how can you invest it and grow it? Can't touch it means it sits in a bank and stays at 500k, choice is what do you do with it when the 5 years ends and you have access to it? So its the same as saying what do you do with a windfall of 500 thousand dollars. Well I invest half, in stocks and I play my hand at that which I'm fairly good at. The other half I play with... Play hard.
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  • james40james40 Everyone, Registered Users Posts: 3,450
    I would pay off my house and buy a second house for rental income.
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  • jgibvjgibv Everyone, Registered Users Posts: 5,996
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  • xmacroxmacro Everyone, Registered Users Posts: 3,402
    blurr:
    I have to ask the dumb question as I've had a few drinks. If you can't touch it for 5 years, how can you invest it and grow it? Can't touch it means it sits in a bank and stays at 500k, choice is what do you do with it when the 5 years ends and you have access to it? So its the same as saying what do you do with a windfall of 500 thousand dollars. Well I invest half, in stocks and I play my hand at that which I'm fairly good at. The other half I play with... Play hard.
    You're right, the precondition didn't make much sense (now that I'm a bit more sober, I think my buddies and me mostly ignored the 5 year wait limit as well), so I removed it - it's now a $500,000 windfall
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  • beatnicbeatnic Everyone, Registered Users Posts: 4,133
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  • MartelMartel Everyone, Registered Users Posts: 2,423
    No more student loans. That's 60k. Buy two new cars, maybe another 60-70k (I want a truck and a hybrid to make me feel better about the truck). Put some in a car repair and maintenance fund for those cars. Make a huge downpayment on a house or just buy one outright. After I find a job. The rest gets invested.
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  • mfotismfotis Everyone, Registered Users Posts: 720
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  • Roberto99Roberto99 Everyone, Registered Users Posts: 1,077
    500K - TAXES = 280K - BENTLEY = 50K - HOOKERS = $10 - Big Mac Meal = $3 to e-trade
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  • MartelMartel Everyone, Registered Users Posts: 2,423
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  • illinoisgolf99illinoisgolf99 Everyone, Registered Users Posts: 1,507
    If the $500,000 is after taxes I would pay off our student loan debt, car loans, misc credit card debt etc., and max out our IRA's and 401ks. That leaves about $425,000... I'd take $200,000 and purchase a modest home, another $150,000 would be spent on 2-3 modest rental properties, and the rest would be invested in Agressive Growth mutual funds.
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  • clearlysuspectclearlysuspect Everyone, Registered Users Posts: 1,750
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