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12-27-2016, 10:21 AM
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#21
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,708
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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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12-27-2016, 10:27 AM
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#22
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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is this a pole?
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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12-27-2016, 10:40 AM
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#23
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,930
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Same thing I'm doing with it now. Waiting on a nice dip in the market.
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12-27-2016, 10:41 AM
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#24
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,930
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 Quote:
Originally Posted by MichaelB
I would carefully invest 90% of that in fast cars, sloe gin and wild women.
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I don't drink gin.
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12-27-2016, 10:57 AM
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#25
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Moderator
Join Date: Oct 2010
Posts: 10,723
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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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12-27-2016, 11:01 AM
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#26
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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Quote:
Originally Posted by sengsational
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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no; but $1M tax free falls into my lap I'd prolly pull a johnny paycheck
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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12-27-2016, 11:09 AM
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#27
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2016
Posts: 9,514
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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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12-27-2016, 11:12 AM
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#28
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Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 3,900
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Quote:
Originally Posted by sengsational
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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To me that $1 million is for investing, but its earnings are for food, fun, and all else.
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12-27-2016, 11:18 AM
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#29
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Full time employment: Posting here.
Join Date: Jan 2014
Location: Western Maryland
Posts: 926
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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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12-27-2016, 11:28 AM
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#30
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2015
Location: Michigan
Posts: 5,003
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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.
__________________
"The mountains are calling, and I must go." John Muir
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12-27-2016, 11:49 AM
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#31
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Posts: 5,350
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Quote:
Originally Posted by sengsational
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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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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12-27-2016, 11:51 AM
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#32
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,327
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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.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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12-27-2016, 11:59 AM
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#33
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Thinks s/he gets paid by the post
Join Date: Jan 2013
Posts: 3,413
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Quote:
Originally Posted by FUEGO
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.
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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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12-27-2016, 12:01 PM
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#34
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Posts: 1,600
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12-27-2016, 12:08 PM
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#35
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Full time employment: Posting here.
Join Date: Nov 2016
Location: Fargo
Posts: 989
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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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12-27-2016, 12:08 PM
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#36
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Recycles dryer sheets
Join Date: May 2011
Location: Austin
Posts: 375
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I believe many people have multiple of this based on the recent cash holding poll.
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12-27-2016, 12:20 PM
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#37
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Full time employment: Posting here.
Join Date: Jul 2014
Posts: 930
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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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12-27-2016, 12:24 PM
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#38
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,361
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Quote:
Originally Posted by jjquantz
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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US winters in Sydney would be wonderful. First class to and from of course.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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12-27-2016, 01:37 PM
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#39
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2014
Location: Huntsville, AL/Helen, GA
Posts: 6,002
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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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12-27-2016, 02:15 PM
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#40
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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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.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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