What would you do with $500,000?

[skyQuake]

Fixed that for you.

Wait, hookers rolled in coke.Done.There goes 500k of the best money thats ever been spent.

Note this is intended for use as advice and in everyway should be followed by others.

There comes a time in every 20-year-old-with-$500k's life where he must decide...

50,000 x $10 hookers or 10 x $50,000 hookers?

 

[ferretbiter]

PM precious metals,, No the word in silver could go down to 20 25$ an oz ounce when QE 2 finished 30/06 and when they start QE 1662 or what ever it will be called people will realise the economy is stuffed and look at PM's some have quoted gold to 36K and oz silver 500K

What? are you saying gold will hit 36000 a oz and silver 500000 an oz?

Can someone else comment on this.

 

[ferretbiter]

There comes a time in every 20-year-old-with-$500k's life where he must decide...

50,000 x $10 hookers or 10 x $50,000 hookers?

Hmmmm I dunno, I might diversify with that one, maybe 25,000x10 hookers and 10x$25000.

The real question is can you buy a full-body condom? 25,000x$10 hookers sounds like a quick way to experience every kind of STD mankind has to offer, whilst creating a few new ones,:.

 

[Calliope]

Beer and hookers.

Ah! In the tradition of George Best;

"I spent a lot of money on booze, birds and fast cars. The rest I just squandered."

 

[ferretbiter]

Ah! In the tradition of George Best;

"I spent a lot of money on booze, birds and fast cars. The rest I just squandered."

I need a sig, and I can think of no better one, mind if i nab it?

 

[skc]

There comes a time in every 20-year-old-with-$500k's life where he must decide...

50,000 x $10 hookers or 10 x $50,000 hookers?

Personally I would get say 5 hookers at the each of the $100 price steps. Then I will rate them without knowing how much each cost. Compile the results and you have just generated some extremely valuable research which will reveal where the best 'bang for buck' is for hookers. And you have a piece of intellectual property that can be developed into a web business.

My guess is around the $500 mark.

 

[ferretbiter]

Personally I would get say 5 hookers at the each of the $100 price steps. Then I will rate them without knowing how much each cost. Compile the results and you have just generated some extremely valuable research which will reveal where the best 'bang for buck' is for hookers. And you have a piece of intellectual property that can be developed into a web business.

My guess is around the $500 mark.

I'm not going to lie, after talking to a/tech earlier and then the hookers comment came up, I am having ideas of a website, www.bookahooker.com.au, is it plausible with 500k?Obviously there's large userbase and a definite future, but is the current hoe market oversaturated?

 

[ferretbiter]

Just a general investing question, how is 7.2% per annum for a mutual fund, too risky, not enough value?

 

[trainspotter]

Give all your money to me. ... Period. Zero rate of return. No guarantees umplies but GEEZUZZZZZ you will have a good time. In the meantime. I will private message you and place you in the hands od a good accountant i

 

[ferretbiter]

Give all your money to me. ... Period. Zero rate of return. No guarantees umplies but GEEZUZZZZZ you will have a good time. In the meantime. I will private message you and place you in the hands od a good accountant i

Sure man, ill write you a cheque. It'll be arriving my carrier pigeon sometime in the next 12-14 business years, gotta give ol sparky time to make it.:

In the meantime, anyone think 50% into real estate (rentals), 25% into a managed fund,10% into an index fund, 10% into silver and 5% in Australian stocks is a bad idea?

Note this is not for me, nor is the advice given intended for anyones use.

 

[Garpal Gumnut]

Absolutely nothing, probably give it away, to a charity I could trust.

gg

 

[ferretbiter]

Absolutely nothing, probably give it away, to a charity I could trust.

gg

Truthfully?Even if your family was poor and it was every penny you had?

 

[Garpal Gumnut]

Truthfully?Even if your family was poor and it was every penny you had?

Thankfully, I'm not poor.

I'm an Australian

gg

 

[ferretbiter]

Thankfully, I'm not poor.

I'm an Australian

gg

Hmmmm I like the cut of your jib there gg, but lets say, if you were an Australian but not such a kind hearted, good natured bloke, but instead a selfish bastard only interest in your long term financial situation, what would you do?

 

[Garpal Gumnut]

Hmmmm I like the cut of your jib there gg, but lets say, if you were an Australian but not such a kind hearted, good natured bloke, but instead a selfish bastard only interest in your long term financial situation, what would you do?

Well if I couldn't give it to Vinnies.

And...you are asking me where I would invest my money atm.....

I would put it under my bed and set my iphone alarm for 9 months time I reckon.

gg

 

[ferretbiter]

Well if I couldn't give it to Vinnies.

And...you are asking me where I would invest my money atm.....

I would put it under my bed and set my iphone alarm for 9 months time I reckon.

gg

May I ask why you wouldn't atleast put it in a fund at a fixed rate for 9months and grab some interest?Too much risk?

 

[Garpal Gumnut]

May I ask why you wouldn't atleast put it in a fund at a fixed rate for 9months and grab some interest?Too much risk?

We are headed for the greatest test of the financial system known to capitalists like me.

Greece will default.

Ireland , Portugal are stuffed.

The asx is headed for an all time low.

The sp500 is likewise stuffed.

Houses in the USA are selling for next to nothing.

Our RE market will be next to go.

Why risk $500,000.

Under my bed is safe.

gg

 

[ginar]

A hypothetical question here,
What would you do if you were say...20 years old and came into ownership of 500k?
Stocks, managed funds, property, bonds,ETF's,index funds,businesses, companies, what would you pick?
Would you pick one option or many?Play it safe and use compound interest to do the work or go for the big bucks?

Just a hypothetical question here, no-one should use this thread or any replies for advice, nor does this person actually exist.

if you want send me a pm and ill get you onto a decent strategy that can return 20% pretty easily with risk taken into account . if this is hypothetical im not that interested in giving ideas away for no reason wink wink say no more .................

 

[ferretbiter]

We are headed for the greatest test of the financial system known to capitalists like me.

Greece will default.

Ireland , Portugal are stuffed.

The asx is headed for an all time low.

The sp500 is likewise stuffed.

Houses in the USA are selling for next to nothing.

Our RE market will be next to go.

Why risk $500,000.

Under my bed is safe.

gg

Well ****, what if hypothetically 250k was available to be pulled out of the market in august and 200k had another 2years left (note there is a 50k early exit fee on both sums) with an investment company that was rock solid and did not lose anyones money even during the GFC(just lowered return rates)?

Just hypothetically of course, my good man.

 

[pixel]

Forgive me, but whats PM?Are you saying both gold and silver are going to drop hard?Then one is going to go to $75+ per ounce?
And no-one has the 500k this is not advice being given to me or anyone that reads it, as it would break forum rules.:

PM = Precious Metals
You have to be a true believer in order to stake your future on it.
I don't. I prefer diversification.