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beerbelly
Banned
(04-12-2008, 10:13 PM)
What is the smartest way to invest a million dollars given today's economy?


If you decide to buy a home (let's say it's $500,000), is it better to pay it off all at once or mortgage it over the years?

Would buying a large sum of gold be wise? How about opening a Euro account and purchasing (i.e. 100,000 Euros)?

I'm just curious to know of the best (and safest) options to invest, that does not include the stock market.
John Dunbar
correct about everything
(04-12-2008, 10:18 PM)
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Two chicks at the same time.
giga
Member
(04-12-2008, 10:20 PM)
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Originally Posted by John Dunbar

Two chicks at the same time.

.
itsinmyveins
Gets to pilot the crappy patrol labors
(04-12-2008, 10:20 PM)
itsinmyveins's Avatar

Originally Posted by John Dunbar

Two chicks at the same time.

Yepp.
blame space
junior junior member
(04-12-2008, 10:20 PM)
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Originally Posted by John Dunbar

Two chicks at the same time.

:lol Beaten.
beerbelly
Banned
(04-12-2008, 10:22 PM)
Freakin' Office Space :lol
Darko
What the hell are you talking about?
Who are you talking to???
(04-12-2008, 10:22 PM)
Darko's Avatar

Originally Posted by John Dunbar

Two chicks at the same time.

beaten. :lol
ElNarez
Member
(04-12-2008, 10:23 PM)
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Buy Rock Band in Europe.
ToxicAdam
Banned
(04-12-2008, 10:24 PM)
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A CD that kicks back 6-7 percent. In 10 years, your money doubles.



From that point forward, you could retire and live off of the 120,000 dollars per year that your egg generates.
titiklabingapat
Member
(04-12-2008, 10:26 PM)
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Would invest it in emerging markets like the Philippines, Brazil, China, Indonesia, Vietnsm, etc.
platypotamus
PLATYPOTAMUS is evolving!
PLATYPOTAMUS evolved into PLATYPOTAMOTATIMUS!
(04-12-2008, 10:30 PM)
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Honestly, if you're planning on acting on any advice you get from a random internet message board, the one least likely to disappoint is going to be the office space plan.

Though I, for one, advise you to let me handle that million dollars for you. I can't promise you a good return on your investment, but I can promise that I'll make up a more amusing story than "I need your help transferring my Nigerian Prince monies to a safe account".

My story may or may not involve my own enjoyment of two chicks at the same time.
Suburban Cowboy
(04-12-2008, 10:40 PM)
Roulette. All on black
GoutPatrol
Forgotten in his cell
(04-12-2008, 10:43 PM)
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Buy a bunch of lottery tickets. You can't lose!
SpacLock
Member
(04-12-2008, 10:43 PM)
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Originally Posted by Suburban Cowboy

Roulette. All on black

Bet half on black, half on red. You'll become a millionaire.
B.K.
Member
(04-12-2008, 10:43 PM)
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Give it to me.
Fuzzery
Member
(04-12-2008, 10:47 PM)
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Donate it to darfurrr or something

Or maybe tibet? I hear the dalai llama needs more money or something
xsarien
daedsiluap
(04-12-2008, 10:52 PM)

Originally Posted by John Dunbar

Two chicks at the same time.

Ditto.
Cyan
Purple Drazi
(04-12-2008, 10:53 PM)
Cyan's Avatar

Originally Posted by beerbelly

What is the smartest way to invest a million dollars given today's economy?

It depends. We'd need more details on what exactly you wanted the money to do. Sit there and appreciate for 30 years? Throw off income now? Appreciate for 10 years, then throw off income?

If you decide to buy a home (let's say it's $500,000), is it better to pay it off all at once or mortgage it over the years?

Again, it depends.

Would buying a large sum of gold be wise? How about opening a Euro account and purchasing (i.e. 100,000 Euros)?

Currency or commodity trading in such large amounts is not advisable.

I'm just curious to know of the best (and safest) options to invest, that does not include the stock market.

Your list of options will be short, in that case. If all you care about is safest, get bonds or CDs.
AMUSIX
Member
(04-12-2008, 10:55 PM)
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Originally Posted by beerbelly

What is the smartest way to invest a million dollars given today's economy?


If you decide to buy a home (let's say it's $500,000), is it better to pay it off all at once or mortgage it over the years?

Pay it off all at once, especially in the weak seller's market that is happening now.

Would buying a large sum of gold be wise? How about opening a Euro account and purchasing (i.e. 100,000 Euros)?

I'm just curious to know of the best (and safest) options to invest, that does not include the stock market.

There are safe ways to use the stock market, but real estate in the right market is always good. The 'right market' means an eternally desireable one (water, weather, and wealth). Careful with new housing tracts, land is more important than new fixtures and granite counters.


edit: and I agree with ToxicAdam...if you can, set it aside building interest, and forget about it
Macam
Member
(04-12-2008, 10:55 PM)
Judging by your initial post, you're less concerned with "smart" and more with "safe". In which case, ToxicAdam's post might be right up your alley.
TAJ
Member
(04-12-2008, 10:57 PM)
First, get some currency that isn't in a death spiral.
Alphahawk
Member
(04-12-2008, 10:59 PM)
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Treat your friends to complementry horse armor...
Weenerz
Banned
(04-12-2008, 11:04 PM)
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Take it to a currency exchange place and get 500k euro or whatever.
bjork
(04-12-2008, 11:05 PM)
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Gold?
Core407
Banned
(04-12-2008, 11:05 PM)
Put it in the bank and live off the interest (roughly $50k a year, depending on the interest rate)

Edit: Or just put it in a CD and live your life normally until you get your return and then use that money as your income and repeat.
perryfarrell
Member
(04-12-2008, 11:07 PM)
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Originally Posted by SpacLock

Bet half on black, half on red. You'll become a millionaire.

Unless you hit 0 or 00, which has a chance of happening of about 2/38, which equals 1/19, which equals about 5%.
beerbelly
Banned
(04-12-2008, 11:08 PM)
Yea I guess I'm thinking more in the lines of having a "safe" investment instead of "smart".

I think what Toxic Adam described sounds like the option to take. But I don't want to be putting "all of my eggs in one basket". I'm thinking a good portion in Euros, a bit of gold, some government bonds, certificate of deposit (but I'm not entirely familiar with this - is it available in Canada?), etc. Buying a home would probably be one of the things I do first, so scratch off $500,000...
dem
(04-12-2008, 11:11 PM)
dem's Avatar
i want a million dollars

:(
Like the hat?
Member
(04-12-2008, 11:14 PM)
Like the hat?'s Avatar
one million dollars worth of anime porn from bjork.
bjork
(04-12-2008, 11:15 PM)
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Originally Posted by JodyAnthony

one million dollars worth of anime porn from bjork.

We mark it up a lot, you could get more porn elsewhere for the same amount.
TAJ
Member
(04-12-2008, 11:15 PM)

Originally Posted by beerbelly

I think what Toxic Adam described sounds like the option to take.

If you started doing what he suggested when the Euro came out, you'd have less purchasing power now than when you started. (assuming 6.5% rate) Remember, you can bank other currencies, too.
jamesinclair
Banned
(04-12-2008, 11:18 PM)
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Originally Posted by perryfarrell

Unless you hit 0 or 00, which has a chance of happening of about 2/38, which equals 1/19, which equals about 5%.

Or play in europe, where the 00 doesnt exist and you only lose half on the 0.
Ford Prefect
GAAAAAAAAY
(04-12-2008, 11:19 PM)
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I've said it before and I'll say it again: buy an island and start the GAF Republic.
fistfulofmetal
Banned
(04-12-2008, 11:19 PM)

Originally Posted by John Dunbar

Two chicks at the same time.

(neutral) John Dunbar
correct about everything
(Today, 05:18 PM)
Reply | Quote
WrikaWrek
Banned
(04-12-2008, 11:22 PM)
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Zyzyxxz
Member
(04-12-2008, 11:23 PM)
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a combination of CD accounts, mutual funds, safe stock market picks, and bonds would be how I would do it. It may sound like a bitch to set up but once its done you just keep an eye open on the stock market and for the rest reel in the interest.
Anasui Kishibe
Banned
(04-12-2008, 11:26 PM)
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Originally Posted by Suburban Cowboy

Roulette. All on black

"never bet on black"

Javaman
Member
(04-12-2008, 11:27 PM)
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Originally Posted by beerbelly

What is the smartest way to invest a million dollars given today's economy?


If you decide to buy a home (let's say it's $500,000), is it better to pay it off all at once or mortgage it over the years?

Would buying a large sum of gold be wise? How about opening a Euro account and purchasing (i.e. 100,000 Euros)?

I'm just curious to know of the best (and safest) options to invest, that does not include the stock market.

Unless there are major tax differences between the US and Canada regarding home taxes, there's really no good reason not to pay it off completely. When people say they would like to keep it in a mortgage for the tax deduction, they are effectively giving the bank 4x (varies based on their tax bracket) the money then they would have to give the government if they didn't have a mortgage and kept the interest payment.

As far as investments, keep in mind that while not taking any risk makes it less likely for you to lose money, you'll still be losing out to inflation if you don't make at least 3% or so.
klausbert
Member
(04-12-2008, 11:27 PM)
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Finance religious books burning festivals
oneHeero
Member
(04-12-2008, 11:55 PM)
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Donate 100 bucks to every gaf poster in this thread who tried to help you.

I mean seriously, your talking about a million dollars. What's a couple thousand spent on gaffers? You'd get a tag that said "Gaf's Savior" Or "Pays Gaf's bills" or something fucken cool.

Plus you'd be doing so many good deeds XD


Also, buy 2 girls is a great choice, you only live once. And I wouldnt really go with gold either.
beerbelly
Banned
(04-12-2008, 11:56 PM)
Thanks for all the replies guys.

It was fun visiting GAF the past few years. It has become too hostile in the past few months though so I'm gone for good.

Good luck everyone!!!

P.S. I'm a millionaire :D
Siyou
Member
(04-13-2008, 12:01 AM)
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o wow, that was intense
cloudwalking
300chf ain't shit to me
(04-13-2008, 12:03 AM)
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this, ladies and gentlemen, is going out of gaf in style.
TAJ
Member
(04-13-2008, 12:04 AM)

Originally Posted by oneHeero

Also, buy 2 girls is a great choice,

No one suggested buying any girls. (unless they weren't paying attention to the movie) It's just easier for someone with a million dollars to make it happen because "chicks dig dudes with money".
Also, the OP needs a permaban so he keeps his promise. Just sayin'. Oh, and because he's a huge douche.
Last edited by TAJ; 04-13-2008 at 01:03 AM.
Mason
Member
(04-13-2008, 12:07 AM)
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What a douche.

Just kidding, gimme ur monies.
Manabanana
Member
(04-13-2008, 12:07 AM)
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Didn't m0rphix already do this one? GAF millionaire is played out, dude.
bjork
(04-13-2008, 12:23 AM)
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Originally Posted by beerbelly

Thanks for all the replies guys.

It was fun visiting GAF the past few years. It has become too hostile in the past few months though so I'm gone for good.

Good luck everyone!!!

P.S. I'm a millionaire :D

Yeah right. You should be fined $1 million if you post after this.
Pterion
Member
(04-13-2008, 12:26 AM)
Bye-bye.
Cyan
Purple Drazi
(04-13-2008, 12:28 AM)
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Originally Posted by beerbelly

Yea I guess I'm thinking more in the lines of having a "safe" investment instead of "smart".

I think what Toxic Adam described sounds like the option to take. But I don't want to be putting "all of my eggs in one basket". I'm thinking a good portion in Euros, a bit of gold, some government bonds, certificate of deposit (but I'm not entirely familiar with this - is it available in Canada?), etc. Buying a home would probably be one of the things I do first, so scratch off $500,000...

Dude... this doesn't make the sense.

Ninja edit:
Oh.
iapetus
Scary Euro Man
(04-13-2008, 12:34 AM)
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Originally Posted by ElNarez

Buy Rock Band in Europe.

He's got a million dollars, not a million euros.

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