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re: What would you do with $800 million?
Posted on 1/9/16 at 8:55 am to NorthGwinnettTiger
Posted on 1/9/16 at 8:55 am to NorthGwinnettTiger
Two chicks at the same time.
0
Posted on 1/9/16 at 9:05 am to BamaScoop
quote:
I would buy a submarine and fill it with strippers and go under for about 6 months.
Mile Deep Club?
Posted on 1/9/16 at 9:11 am to NorthGwinnettTiger
I would pay for the wall on the Mexico border.
Posted on 1/9/16 at 9:31 am to rpg37
Threads like these make me understand why winners go broke.
For example, if you wanted to support a charity or Alma mater then why would you just give them hundreds of millions of dollars when you could instead create an endowment that lasts FOREVER and provides even more useful life to the cause?
The tough part is securing the funds in a low risk, low tax environment. This is where the creation of trusts, etc. becomes important and the financial professionals earn their keep.
If you have 300M in cash available, the possibilities are endless. You can invest those monies and only pay a 15% long term capital gains tax on the returns (in a very simple investment strategy). Even only a 5% return gives you 15M pre tax. Post tax that is still likely to be more than a MILLION PER MONTH and you are not impacting the principal.
The law of large numbers is a beautiful thing.
For example, if you wanted to support a charity or Alma mater then why would you just give them hundreds of millions of dollars when you could instead create an endowment that lasts FOREVER and provides even more useful life to the cause?
The tough part is securing the funds in a low risk, low tax environment. This is where the creation of trusts, etc. becomes important and the financial professionals earn their keep.
If you have 300M in cash available, the possibilities are endless. You can invest those monies and only pay a 15% long term capital gains tax on the returns (in a very simple investment strategy). Even only a 5% return gives you 15M pre tax. Post tax that is still likely to be more than a MILLION PER MONTH and you are not impacting the principal.
The law of large numbers is a beautiful thing.
This post was edited on 1/9/16 at 9:33 am
Posted on 1/9/16 at 9:32 am to NorthGwinnettTiger
Two chicks at the same time
Posted on 1/9/16 at 10:26 am to NorthGwinnettTiger
Probably start by forking over $1MM over to lawyers, accountants, and financial advisors. Next would be a sizeable donation to Make A Wish ($50MM). After that, probably buy some land and build a shop. Get me a v12 CL65 and a house with a pool. Maybe a house at the beach for my parents.
It's a toss up after that. No idea what I'd do with the rest, but probably securely invest about $200MM. I'm good with pretty much everything I've got now, so I don't need a new house or truck. I don't owe anyone money right now.
I'd put $400MM in my checking account and leave ATM receipts everywhere
It's a toss up after that. No idea what I'd do with the rest, but probably securely invest about $200MM. I'm good with pretty much everything I've got now, so I don't need a new house or truck. I don't owe anyone money right now.
I'd put $400MM in my checking account and leave ATM receipts everywhere
Posted on 1/9/16 at 10:28 am to Hammertime
Now worth 900 mil with a lump sum of 595mil
Posted on 1/9/16 at 10:30 am to NorthGwinnettTiger
quote:I'd pay off my credit cards as far as it would go....
What would you do with $800 million?
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