I'd invest in election photo buttons with the caption, "The Chinese admit to WHAT?"
Posted on 10/29/2007 10:15:25 PM PDT by Bear_Slayer
Money like that you don’t want to give to no bank, banks are always gettin’ knocked off anyway so you let ole’ Bobby hold it for you, nobody knocks off ole’ Bobby.
1/2 million in physical gold and silver. The other half in gold/silver stocks.
Using Hillary’s sharp investment plan that $1,000,000 would become $100,000,000 in less than a week... He’ll in less than a year we could payoff the National Debt, Have free health care, Free Money for All, Baby bonds can be passed around like all my families $$$ in Nigeria.... I never knew how good things could be... Thanks for the idea!
Then again, there’s always CD’s for convenience. Invest up to the FDIC limit ($100,000) in 10 different banks. The real problem here is that most of the banks offering the highest rates are mortgage lenders on the verge of being shut down by regulators. Indymac, Countrywide, et al, are some of the names that pop up. And CD’s include penalties for early withdrawals, so getting all of your money at once could be a financially painful experience.
To God.
On a more serious side, since I’m most worried about running out of money in retirement, I’d probably buy a fixed annuity from Vanguard or Fidelity, or someone like that. That’d give you a pretty nice guaranteed monthly income for life, no matter how long you lived.
Get it outta USA and into Canada. I hear the US dollar devaluation will continue; 20% within a year to the Canuck dollar.
I would give it to doug from upland so we could have another Hillary video
There are plenty of banks that are not going to be closed down, so CD’s are the answer, have them split up, $100,000 in each one, with a different due date. You could have them guaranteed by the FDIC, one come due each month, so you would have access to them if need be, collect, let’s say $ 50,000 per year interest. I just renewed one for 5.7% at a very stable bank, Wells Fargo...
A man after my own heart :-)
I'd invest in election photo buttons with the caption, "The Chinese admit to WHAT?"
10% to charity.
Buy a home, with land (no neighbors)
Expand my business (I love my work)!
Purchase a new car, SUV of course.
Invest in the market.
Whatever is left over would be for fun, fun, fun :)
Good start. That would buy you one house to one and a half houses here on Maui.
Amen, bro. I have in the past done customer service work for a brokerage firm, and found that the clients with the largest portfolios -- into the double-digit millions of dollars -- aren't active traders. Their holdings are low-yield and "boring" (T-bills, Muni bonds, CDs, etc.) but their dough kept on rolling like the Mighty Mississippi.
OTOH, the day traders I dealt with that made dozens of trades per day, hundreds per month, and thousands per year usually lost as much as they gained and typically had a net worth of less than $500,000.
Now, if someone would just give me that first million so I can prove my point...
As soon as I saw your name I knew you were in agreement. Just didn’t know how you’d put it in writing. LOL!
Silver and gold coins. No paper. no stock. Get out of debt, and endow a church building for our new little parish.
I am about 65% in real estate (7 locations in two states, vacant land and rentals), 24% in cash, 11% in stocks (mostly mutual funds, domestic and international).
I might put more of the cash to work, but since I’m approaching retirement, it will have to be something I have confidence will make a good return (above 6%) with what I consider “acceptable” risk. That’s where analysis plus gut feeling comes in, both of which have served me well.
Gold and silver will be priced according to the value of the country’s currency no matter what country that is. The Canadian gold price will be lower in the Loonie and higher in the USD. It should be relatively equal but I’ll be quick to change my mind on that with more information.
The US dollar is going to hell in the long run.
US Dollar chart: http://tinyurl.com/2fzn6h
I would buy a truckload of rich farmland dirt and bury it in my backyard.
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