Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
What would you do with $1 million in cash
Old 12-27-2016, 08:22 AM   #1
gone traveling
 
Join Date: Dec 2016
Location: Long Island
Posts: 60
What would you do with $1 million in cash

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.
__________________

__________________
djr59 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-27-2016, 08:30 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2006
Posts: 10,104
I would buy a luxury vacation home and commute between my homes in style.
__________________

__________________
Meadbh is offline   Reply With Quote
Old 12-27-2016, 08:38 AM   #3
Recycles dryer sheets
 
Join Date: Apr 2016
Location: Cali
Posts: 335
I would buy 10-12 houses in Memphis with gross rents totaling about $12,500 a month.
__________________
______________________
Hoping to get out around September 1, 2022... I hope, I hope, I hope. Until then off to work I go....
CaliKid is offline   Reply With Quote
Old 12-27-2016, 08:41 AM   #4
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 15,806
I'd invest it in the current stock/bond market.
__________________

Bestwifeever is offline   Reply With Quote
Old 12-27-2016, 08:49 AM   #5
Recycles dryer sheets
 
Join Date: May 2014
Posts: 332
I would dollar cost average 100k a month into my favorite bond fund until it was all invested. This would be a nice boost to my income.
__________________
Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things. Charlie Munger
UnrealizedPotential is offline   Reply With Quote
Old 12-27-2016, 08:50 AM   #6
Thinks s/he gets paid by the post
Nemo2's Avatar
 
Join Date: May 2011
Location: Belleville, ONT
Posts: 3,105
Put it in the change jar.


Kidding.
__________________
"Exit, pursued by a bear."

The Winter's Tale, William Shakespeare
Nemo2 is online now   Reply With Quote
Old 12-27-2016, 08:53 AM   #7
Thinks s/he gets paid by the post
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 4,871
Send a message via Skype™ to kcowan
I would put it in a money market holding fund and shop for dividend paying stocks that were relatively undervalued. Then I would selectively look for charities to donate to.
__________________
For the fun of it...Keith
kcowan is offline   Reply With Quote
Old 12-27-2016, 08:54 AM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 14,263
I would probably spend $25-50k upgrading things we enjoy and use regularly in our lives (replace kitchen cabinets at home, newer boat, boat in FL, etc.) and invest the rest.

Given that we have new cars in the last 12 months, I'm not totally sure that I could spend that much but it would be fun to try.

Probably value average in over 12-24 months.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
pb4uski is online now   Reply With Quote
Old 12-27-2016, 09:01 AM   #9
Full time employment: Posting here.
dixonge's Avatar
 
Join Date: Mar 2008
Posts: 731
80% VFIAX
20% my new home in Mexico
__________________
Arguing on the internet is like wrestling pigs. You both get dirty and the pig likes it.
dixonge is offline   Reply With Quote
Old 12-27-2016, 09:28 AM   #10
Recycles dryer sheets
 
Join Date: Oct 2011
Location: Upstate Ruralia
Posts: 260
Give 100,000 to my sister and to my best friend.....and invest the rest...

I'm BOW-RING!!!!!!
__________________
Lcountz is offline   Reply With Quote
Old 12-27-2016, 09:29 AM   #11
Thinks s/he gets paid by the post
 
Join Date: Nov 2011
Posts: 2,029
I'd DCA into growth stocks, or equivalent ETFs, mostly US some international, guessing that will offer the best after-tax net return over the next decade or two.
__________________
GrayHare is online now   Reply With Quote
Old 12-27-2016, 09:36 AM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2007
Posts: 7,278
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.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (5, 10, and 12).
FUEGO is offline   Reply With Quote
Old 12-27-2016, 09:37 AM   #13
Thinks s/he gets paid by the post
 
Join Date: May 2008
Posts: 2,090
Take 300K out for spending (I am not sure what I would spend it on...) and invest the rest.
__________________
tmm99 is offline   Reply With Quote
Old 12-27-2016, 09:39 AM   #14
Thinks s/he gets paid by the post
sengsational's Avatar
 
Join Date: Oct 2010
Posts: 3,199
What first popped into my head was to get a 40 foot cat and a cabin on the water where I could dock it in Florida...some sleepy place, where I could hone my skipper skills.
__________________
sengsational is offline   Reply With Quote
Old 12-27-2016, 09:41 AM   #15
Recycles dryer sheets
 
Join Date: Feb 2015
Posts: 54
Provide some economic outpatient care for our two adult children, and my wife's parents. Increase the price range of retirement housing we're looking at on Vancouver Island by $200k. Update our 7 year old vehicles, and invest the remaining $450k or so in CD's.
__________________
Viking is offline   Reply With Quote
Old 12-27-2016, 09:56 AM   #16
Thinks s/he gets paid by the post
2017ish's Avatar
 
Join Date: Apr 2012
Posts: 1,434
Invest same as the rest of the portfolio. Increase spending from outset of retirement.

(All it will take is to tell DW that she can always get the lie-flat seats across the pacific. That'll exhaust the drawdown of 1mill quickly enough. )
__________________
OMY * 3 2ish
2017ish is online now   Reply With Quote
Old 12-27-2016, 09:59 AM   #17
Thinks s/he gets paid by the post
Dash man's Avatar
 
Join Date: Mar 2013
Location: Limerick
Posts: 1,232
Have it sit in an insured savings account earning at least one percent or CDs when rates go up a bit. Don't trust bonds right now and already have 65 percent in equities. It's a nice safety net.
__________________
Dash man is offline   Reply With Quote
Old 12-27-2016, 10:06 AM   #18
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 36,395
I'd give half of it to Frank, either all at once and incurring taxes or else at $14K/year to avoid taxes (I'd let him choose).

I'd invest my half at the same asset allocation as the rest of my portfolio.
Using the dividends from my half million, I'd start tipping deserving wait staff at restaurants with hundred dollar bills for ten dollar meals.
__________________


Retired in 2009 at age 61.

Mini-pension 13%, SS 20%, investments 67%.




W2R is online now   Reply With Quote
Old 12-27-2016, 10:13 AM   #19
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 40,205
Quote:
Originally Posted by W2R View Post

Then I'd start tipping deserving wait staff at restaurants with hundred dollar bills for ten dollar meals.
Since you likely frequent many of the same restaurants again and again, I can envision fist fights breaking out among the waitstaff to determine who will serve you.
__________________
Numbers is hard.

Retired in 2005 at age 58, no pension

REWahoo is offline   Reply With Quote
Old 12-27-2016, 10:17 AM   #20
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 36,395
Quote:
Originally Posted by REWahoo View Post
Since you likely frequent many of the same restaurants again and again, I can envision fist fights breaking out among the waitstaff to determine who will serve you.
We'd sure get great service!

Maybe I'd have to figure out a way to do it anonymously. Not sure how...
__________________

__________________


Retired in 2009 at age 61.

Mini-pension 13%, SS 20%, investments 67%.




W2R is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
When would you turn down $1 million? rb35 FIRE and Money 107 08-03-2014 04:49 AM
From 100 million to 4 million rec7 FIRE and Money 19 08-22-2009 11:15 AM
What would you do with a half million? Kittle2020 FIRE and Money 61 07-27-2009 02:40 PM
this is what 206 million in CASH looks like.... thefed Other topics 9 03-17-2007 08:13 PM

 

 
All times are GMT -6. The time now is 11:59 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.