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12-27-2016, 11:12 PM
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#81
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2013
Posts: 9,358
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I would invest it mainly in investments like TIPS, I-bonds and CD ladders.
__________________
Even clouds seem bright and breezy, 'Cause the livin' is free and easy, See the rat race in a new way, Like you're wakin' up to a new day (Dr. Tarr and Professor Fether lyrics, Alan Parsons Project, based on an EA Poe story)
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12-28-2016, 01:55 AM
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#82
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Recycles dryer sheets
Join Date: Sep 2016
Location: Austria
Posts: 111
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I think it depends on whether I'd won it or earned it. If I had won it I would probably:
- Spend 50-60k doing various upgrades around the house.
- Spend 70-80k on a nice motor (Range Rover).
- Give a couple of hundred to family.
- Book a world cruise.
- Invest the rest mostly in high risk but high upside.
If i had earned it then 50:50 in bonds and equities ;-)
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12-28-2016, 04:54 AM
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#83
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2011
Posts: 8,419
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I always said that if I won the lottery the one thing I'd get is a private jet. Go anywhere, anytime with no hassles.
$1M won't do that but it would buy into a nice fractional.
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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12-28-2016, 06:10 AM
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#84
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Thinks s/he gets paid by the post
Join Date: Mar 2015
Location: philly
Posts: 1,219
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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'm splurging.
this is an easy one for me. Beach house. Doesn't have to be huge but no more than a block away from the beach. I would say 35% on the house itself and the rest save for upkeep and maintenance
__________________
My darling girl, when are you going to realize that being "normal" is not necessarily a virtue? it sometimes rather denotes a lack of courage~Aunt Francis
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12-28-2016, 06:14 AM
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#85
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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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Quote:
Originally Posted by marko
I always said that if I won the lottery the one thing I'd get is a private jet. Go anywhere, anytime with no hassles.
$1M won't do that but it would buy into a nice fractional.
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Fractional jet? Ah, that would be a lot nicer than waiting at the airport terminal even if you fly first-class. But is $1M enough?
Out of curiosity, I looked into it. A smallest fractional share from NetJet is 1/16th of a small jet, which allows you up to 50 hours of flight time per year. Here are the costs:
* Acquisition Fee: $550,000
* Maintenance Fee: $115,200/year, no matter how many hours you use
* Flight Fee: $1,950/hour, or $97,500/year max for 50 hours
I don't think $1M is enough, as you would run out of money after just a few years. See: http://www.forbestravelguide.com/par...t-with-netjets.
One can go cheaper, and buy a Marquis Jet Card that lets you prepay 25 hrs of flight. Cost: $119,900 or $5K/hr roughly, but you can have multiple passengers (seat arrangement unknown). And there are additional surcharges for fuel, and insurance, etc... You have to use the card in 1 year.
__________________
"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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12-28-2016, 09:37 AM
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#86
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Thinks s/he gets paid by the post
Join Date: Sep 2012
Posts: 1,570
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At 4% SWR, you'd be able to spend a little more than an extra $100/day. Doesn't sound as exciting as ONE. MILLION. DOLLARS!
__________________
You know that suit they burying you in? Thar ain’t no pockets in that suit, boy.
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12-28-2016, 10:23 AM
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#87
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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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And if you try to live on the 2% S&P dividend, that's only another $50/day.
Still, if you save over enough days, you have enough to do something. Lemme see how many days I would need in order to do a business-class seat upgrade...
__________________
"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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12-28-2016, 11:40 AM
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#88
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Recycles dryer sheets
Join Date: Mar 2008
Posts: 153
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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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Sounds good!
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12-28-2016, 01:02 PM
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#89
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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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It's funny how people respond to this thread, where the OP was asking about how to invest $1M in cash in this stock/bond climate. Many just want to spend a big portion, if not all of it, instead of investing it.
Could that be due to repressed desires of the ERs?
__________________
"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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12-28-2016, 01:06 PM
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#90
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Sometimes a cigar is just a cigar.
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12-28-2016, 01:12 PM
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#91
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,715
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Quote:
Originally Posted by NW-Bound
It's funny how people respond to this thread, where the OP was asking about how to invest $1M in cash in this stock/bond climate. Many just want to spend a big portion, if not all of it, instead of investing it.
Could that be due to repressed desires of the ERs?
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Did you see my post? I strategically invested 90% of the windfall.
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12-28-2016, 01:26 PM
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#92
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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Quote:
Originally Posted by djr59
This could be interesting.
If you suddenly found yourself with a million of cash that was not invested in bonds or stocks, what would you do with it given the current stock/bond market.
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Quote:
Originally Posted by NW-Bound
It's funny how people respond to this thread, where the OP was asking about how to invest $1M in cash in this stock/bond climate. Many just want to spend a big portion, if not all of it, instead of investing it.
Could that be due to repressed desires of the ERs?
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If you reread the OP, he said nothing about having to invest it. His question was: "What would you do with it?".
Your mental model and mine are different.
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12-28-2016, 01:32 PM
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#93
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2013
Posts: 9,358
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I would not do anything different with the money if I received it all in one day or piled it up from annual savings from earned income over a longer period of time.
__________________
Even clouds seem bright and breezy, 'Cause the livin' is free and easy, See the rat race in a new way, Like you're wakin' up to a new day (Dr. Tarr and Professor Fether lyrics, Alan Parsons Project, based on an EA Poe story)
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12-28-2016, 01:42 PM
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#94
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Thinks s/he gets paid by the post
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 3,393
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Quote:
Originally Posted by NW-Bound
Many just want to spend a big portion, if not all of it, instead of investing it.
Could that be due to repressed desires of the ERs?
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I was wondering this too. A little surprised at these repressed desires. Mostly I hear things like "I don't spend that much, but very happy and wouldn't know what to spend more on". To be fair there were quite a few who just invested it.
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12-28-2016, 01:50 PM
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#95
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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Quote:
Originally Posted by Danmar
I was wondering this too. A little surprised at these repressed desires. Mostly I hear things like "I don't spend that much, but very happy and wouldn't know what to spend more on". To be fair there were quite a few who just invested it.
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My "repressed desire" was to buy a vacation home (I didn't specify where, but it could have been a Paris apartment) and travel there in style (first class). So why didn't I just fulfil that desire before ER? Because it would have taken at least a decade of work to accumulate the necessary funds, by which time I might be too burnt out to enjoy it. Another word for "repressed desires" is "choices". This was a want, not a need.
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12-28-2016, 01:53 PM
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#96
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Thinks s/he gets paid by the post
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 3,393
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Quote:
Originally Posted by Meadbh
My "repressed desire" was to buy a vacation home (I didn't specify where, but it could have been a Paris apartment) and travel there in style (first class). So why didn't I just fulfil that desire before ER? Because it would have taken at least a decade of work to accumulate the necessary funds, by which time I might be too burnt out to enjoy it. Another word for "repressed desires" is "choices". This was a want, not a need.
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Got it. "Repressed desires" was someone else's term, perhaps not the best choice of words.
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12-28-2016, 02:03 PM
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#97
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2012
Posts: 6,180
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I don't think it is "repressed desires" so much as "I'm fine with what I already have, so with this windfall I don't have a need to invest it all".
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
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12-28-2016, 02:11 PM
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#98
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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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Quote:
Originally Posted by djr59
This could be interesting.
If you suddenly found yourself with a million of cash that was not invested in bonds or stocks, what would you do with it given the current stock/bond market.
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Quote:
Originally Posted by Meadbh
If you reread the OP, he said nothing about having to invest it. His question was: "What would you do with it?".
Your mental model and mine are different.
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I observed that he asked in the forum "Stock Picking and Market Strategy".
If he asked in the "Life after FIRE" forum, then his intention might be more about indulgences.
__________________
"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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12-28-2016, 02:15 PM
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#99
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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I think I have enough invested. So, if I truly received an unexpected $1M windfall, I'd figure out how to spend it over the next 10 years. Gifting would probably figure largely into the scheme.
__________________
Retired since summer 1999.
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12-28-2016, 02:16 PM
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#100
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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Quote:
Originally Posted by NW-Bound
I observed that he asked in the forum "Stock Picking and Market Strategy".
If he asked in the "Life after FIRE" forum, then his intention might be more about indulgences.
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I didn't even notice what forum it was in, because I was looking at the portal view. In any case, I think stocks are overpriced right now and bonds are not looking good, so any spare cash is staying in cash and if I had a windfall tomorrow I would not be dumping it in the markets.
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