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Old 12-27-2016, 11:21 AM   #21
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I would carefully invest 90% of that in fast cars, sloe gin and wild women. The rest I'd waste by plowing it back into my portfolio.
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Old 12-27-2016, 11:27 AM   #22
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is this a pole?
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Old 12-27-2016, 11:40 AM   #23
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Same thing I'm doing with it now. Waiting on a nice dip in the market.
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Old 12-27-2016, 11:41 AM   #24
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I would carefully invest 90% of that in fast cars, sloe gin and wild women.
I don't drink gin.
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Old 12-27-2016, 11:57 AM   #25
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I'm surprised there are not more splurges. C'mon...money with no tax consequences and it all goes into your AA?
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Old 12-27-2016, 12:01 PM   #26
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I'm surprised there are not more splurges. C'mon...money with no tax consequences and it all goes into your AA?
no; but $1M tax free falls into my lap I'd prolly pull a johnny paycheck

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Old 12-27-2016, 12:09 PM   #27
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My first thought would be to invest it all back in stocks and bonds. Lol Just to acquire more because that is my makeup.

I would be tempted to invest in some real-estate I always love to buy land then sell it again for a profit.
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Old 12-27-2016, 12:12 PM   #28
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I'm surprised there are not more splurges. C'mon...money with no tax consequences and it all goes into your AA?
To me that $1 million is for investing, but its earnings are for food, fun, and all else.
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Old 12-27-2016, 12:18 PM   #29
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I would start investigating permanent overseas retirement locations and/or snow birding locations with warm weather and DEEP, DEEP arts infrastructure in our areas of interest (Malta? Sydney?).
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Old 12-27-2016, 12:28 PM   #30
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Assuming this is new $, I would go for real estate as I already have plenty of stocks and bonds. First I would build the timber frame house that DW and I have always wished for. The balance would go into rental properties in places that we would like to hang out at for the scenery, like Telluride or Jackson, WY.
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Old 12-27-2016, 12:49 PM   #31
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I'm surprised there are not more splurges. C'mon...money with no tax consequences and it all goes into your AA?
I would upgrade my 13 year old vehicle but the rest would all go into AA since it's several times my current investable net worth. If I already had a million or two then i'd spend it on luxuries.
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Old 12-27-2016, 12:51 PM   #32
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I had a little more than half that amount that drop in my bag last spring when I sold our weekend house. I dumped it all into VG equity funds in the taxable account and reallocated 401Ks to balance out our bond allocation. Like pb4uski suggested I held back $20K and upgraded our basement family room.
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Old 12-27-2016, 12:59 PM   #33
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Spend half on hookers and blow, $100,000 to a mix of charities, then waste the rest on half stocks and half bonds. I'd like to up my bond holdings a bit.
Better factor in the cost of the divorce...

I would pay off some rental mortgages and put at least half of it away for the next downturn in the real estate market. Maybe I could buy FUEGO's house after the divorce...
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Old 12-27-2016, 01:01 PM   #34
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Old 12-27-2016, 01:08 PM   #35
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Keep $100k in checking account. 50% VTSAX (Total US), 50% VWIUX (Int-Term Tax-Exempt Bond Index).
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Old 12-27-2016, 01:08 PM   #36
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I believe many people have multiple of this based on the recent cash holding poll.
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Old 12-27-2016, 01:20 PM   #37
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Put $100,000 in a relatively liquid account for splurges in the future - likely home repairs/updates after I retire. The rest would be invested according to my asset allocation plan.
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Old 12-27-2016, 01:24 PM   #38
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I would start investigating permanent overseas retirement locations and/or snow birding locations with warm weather and DEEP, DEEP arts infrastructure in our areas of interest (Malta? Sydney?).
US winters in Sydney would be wonderful. First class to and from of course.
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Old 12-27-2016, 02:37 PM   #39
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I found myself in this position. I paid off my car, paid off my house and bought my sister's half of a very expensive inherited lake house.

Then my wife got bored and negotiated to buy a foreclosure home down the street--an absolutely impressive home on 5.5 acres with a 20x40 pool. The deal fell through, thankfully as I wasn't up to repainting and reflooring 6000 square feet.

The wife ended up finding a 5 bedroom, 5 bathroom foreclosure with 2 double car garages--somewhat over 5000 square feet. Now she complains about cleaning bathrooms constantly. But she loves it, but feels good we're in it for 25% less than it's worth. Cash speaks when buying foreclosed homes.

We're putting the last house on the market next week. Who needs to have 13,000 square feet of houses, as insurance and utilities hurt? I'm thankful Alabama property taxes are ridiculously low when I paid them today.
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Old 12-27-2016, 03:15 PM   #40
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I would invest it first, the same way I am doing now.

Then, I would see what an additional $35K/year can get me. I may go for business-class seats now.
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