Posted on 10/29/2007 10:15:25 PM PDT by Bear_Slayer
|
Real estate but remember - location etc! Own an island or a pile of rocks next to Ted Turner, makes a big deal in terms of appreciation in value.
Stay single :)
I’d pay as many bills as possible then go back to the bread line.
Speaking of gold, the price of gold has gone from close to $800 an ounce in 1979 to close to, hmmm...$800 an ounce today. The only problem is that the dollar is not worth very much today compared to its value in 1979. So gold as an inflation hedge seems to have some problems.
Gold has done well the last 4 years, but I have a much longer term investment horizon than 4 years.
I’ll tell you what I wouldn’t do, and that is put all my eggs in one basket...ie diversify.
The way to become rich is to put all your eggs in one basket and then watch that basket.— Andrew Carnegie
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.
Lawrence: Well, what about you now? what would you do?
Peter Gibbons: Besides two chicks at the same time?
Lawrence: Well, yeah.
Peter Gibbons: Nothing.
Lawrence: Nothing, huh?
Peter Gibbons: I would relax... I would sit on my ass all day... I would do nothing.
Lawrence: Hell, you don't need a million dollars to do nothing, man. Take a look at my cousin: he's broke, don't do sh*t.
I’d buy a low-tech product, exclusive to Asia, that does not depreciate with the passage of time. In other words, I’d fill a warehouse in the US with samauri swords and just (figuratively) sit on ‘em.
Real estate, but carefully.
$1 million might get you a condo in Pacoima.
“Most would go to wine, women and song.”
I used to be into Wine, Women and Song.
Now it’s Metrecal, Same ‘ol gay and sing along w/American Idol.
The difficulty in that Hitlery's ''trade'' was thoroughly illegal then, and even more so would be nowadays.
Hitlery profited from an old futures practice called 'allocation'. Her broker, with the now-defunct REFCO, was a chap named 'Red' Bone, and never was a dog's leg as crooked as he was. He was in the pocket of the Stephens boys in Arkansas, who funneled their political payoffs to the Clintons and half a dozen other Arkansas political families through REFCO and Tyson.
I had the great displeasure of knowing Bone for a decade or so before he died. Great guy to have a drink with, but you damned well needed to count your fingers after shaking hands with him.
Diversify. Laddered CDs, some mutual funds, a few individual shares, and probably about half in real estate.
“Now it’s Metrecal, Same ‘ol gay and sing along w/American Idol.”
.... oops. I ment GAL. And no, that wasn’t a Freudian slip.
I’m tired and i used to enjoy life ...now i’m just living to work
I’m afraid a million dollars would completely ruin my life ...
I have no idea, I am not smart enough to know how to properly invest a million dollars.
More than likely I would find a forums board or several over a period of time ask the very same question and cull out the most favorable replies and act upon them.
2. Donate sums of cash to local politicians who influence huge construction and public works budgets (Stamford, New Haven, CT; Huntington, LI, etc).
3. Have multi-million dollar projects at high profit margins handed to you on a silver platter. You'll make more than you could ever make in any stock.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.