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Here, I give you a lot of money. What do you do with it?
MirrorMask:
Hypothetical scenario: I am a generous billionaire.
I'm walking down the street, I suddenly faint and you help me.
I want to thank you for your help, and I give your 500.000 $ (or euros. or whatever the currency is in your nation).
What do you do with it?
(I picked on purpouse a big but not exagerated amount, 500K is a lot of money but it's not a "buy an island and live on it forever and ever" amount of money, and it will eventually run out.... in order to be a bit more realistic and creative with the answers).
The Walrus:
500k? I buy this house that I'm looking at, fix it up, go back to school. Put 100k in savings and spend the rest on my parents. Whatever's left I'll divide between my two siblings and my 2 best friends.
Chino:
I'd pay off the $129K I still owe on my mortgage, and then buy $371,000 worth of cannabis stocks. I'd carry on living life as usual.
Stadler:
I do not pay off my mortgage; I do pay it to a point I can refinance it at a low interest rate and with no PMI, etc.
I pay off any debt I have over, say, 8% interest. Credit cards, etc. With the remainder I split it to buy rental property, and, for the time being, index funds. At some point the index funds will go into real estate as well, but for now...
Either that, or I call Roslyn Capital and buy gold. ;)
King Postwhore:
--- Quote from: Stadler on July 20, 2018, 08:40:30 AM ---I do not pay off my mortgage; I do pay it to a point I can refinance it at a low interest rate and with no PMI, etc.
I pay off any debt I have over, say, 8% interest. Credit cards, etc. With the remainder I split it to buy rental property, and, for the time being, index funds. At some point the index funds will go into real estate as well, but for now...
Either that, or I call Roslyn Capital and buy gold. ;)
--- End quote ---
I'd be like Jimmy G and hook up with milf porn stars.
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