you win $500k, whats the best way to invest/save it?

[ANVIL]

so you win 500k, do you think that lump sum is enough to keep you from working the rest of your life? what do u invest in to ensure that you dont? what would you do? dont post what you would buy/pay off ect, i want to hear how you would make the money work for you

[Lr308]

start porn film company :w00t:

[lflkajfj12123]

hit the boats!

[drftwerks]

buy a ferrari or lambo
buy alot of coke
go to vegas
and OD when you have to payback.
life well spent.

[HalveBlue]

1. Buy a decent house/property somewhere.

2. Have a little fun.

3. Invest the rest in healthcare/pharma companies.

4. Win!

[n240sxfnatic]

Have a $500,000 crack party, even take an add out for it in the paper

[drftwerks]

^^^
crack is wack
coke is classy.

[seesquared]

$500,000 would not be enough for me to quit working. I would need a few million. I had surgery a few years ago on my arm, and if it wasnt for insurance, it would have cost well into the 6 figures. $500k could easily be blown just that quick, whether on purpose or if you had an accident

If right now, I won $500k, with the economy the way it is, I would buy real estate. Do some reserch and buy property that you know will go back up.

I bought my first house when I was 21, and if I wait another 6 months to sell it, I could walk away with maybe 20 grand in pocket even with the down economy. Im currently trying to get my hands on some property near the beach(both coastline and gulf). The real estate around here is stupid cheap right now. Buy it, rent it, sit on it for a few years and sell it.

I would also invest in stocks right now. Do your homework though. Neither stocks or real estate is not a game, and you could lose a shit ton of money in both.

Im actually trying to build myself up to be an investor. I love real estate, and I dont care if the economy is down, there is money to be made.

[BoostSlideWayz]

Higher a planner for the money to be spent equally threw out my life but i would deffinatly ship cars from japan over here, including.. Mk4 supra. S13,S114,S15.... Rx7.... toyota chaser... uhmmm idk i would go to Japan and check some cars out.

then get started in learning japanese with the best classes money can buy.

[yokotavia]

I love you JDM dreamers =D

I would spend the first 50k building a dope 13 for the circuit
a dope apartment here in japan, a wife from thailand, and invest/bank the rest
BOATS & HOES

[Charlie]

Go to China and live the rest of my life as a millionaire
500,000.00 USD

=

3,417,385.37 CNY

United States Dollars China Yuan Renminbi 1 USD = 6.83477 CNY 1 CNY = 0.146311 USD

[driftking777]

If right now, I won $500k, with the economy the way it is, I would buy real estate. Do some reserch and buy property that you know will go back up.

I bought my first house when I was 21, and if I wait another 6 months to sell it, I could walk away with maybe 20 grand in pocket even with the down economy. Im currently trying to get my hands on some property near the beach(both coastline and gulf). The real estate around here is stupid cheap right now. Buy it, rent it, sit on it for a few years and sell it.


i pretty much agree with you. I would pay off my house (as of right now even i have just about 40k in equity and i've own it less than a year ;) )

Buy another house or two and rent them out until the market raises back up. Capitalize and hopefully double your money or close to it.

I also love the real estate market. stupid easy to get into and do if you know what your doing.

I would also finish my 4yr project car..lol

[Flicktitty]

I would get a decent house and a nice garage, a S13 Coupe, MKIV Supra and a Porsche Cayenne Turbo. and live.... and honestly start a performance shop.

[charkid]

invest. as much as it would be nice to buy a freaking balling car, if you think about it in the long run, you can invest, make money, and then buy an even more ballin car and have tons of money left over, or just keep the cash flowing in.

[origin_s135]

i would start flipping houses.

[C. Senor]

with that kind of money i'd put it into a/or couple of bank cd's. just let is sit. i'd probably keep working for a while. let the interest accrue. then possibly invest in realty and try to turn some cash doing that. i think i could live off that.

[RJF]

Invest in Zilvia....oh wait, I already do that :D

[CrimsonRockett]

Buy a house. Rent it out.

Buy another house. Live in that.

Let the other house pay for itself.

Assuming I can come up with two houses for under $500,000(which is practically impossible in Cali).

[Sil-Abc]

i would invest in housing over in arizona. from what ive heard, houses and familys are popping up over there

[VQMaxFan]

buy acres of land

Renting houses is a PITA, having to deal w/ maintanence and people who pay late.


I dont see 500k enough to live off of, to where you wont have to work lol. Wtf are you going to do while you aren't at work? Spend your money.

[HyperTek]

invest in some studio time and be the next souljaboy.. no seriously lol
as stupid as that sounds, buying into radio play /building popularity to sell a record might actually take off if all the kids buy it up because its supposibly "the thing"

[blueshark123]

buy 500k worth of lottery tickets haha

[nor-caljdm]

spend 150,000 on car and the save the rest. O and make my own drift course. O YEAH!!!

[touge monster]

Retire my mom.
Buy a new DD
keep working + saving

[qt_240]

Invest in Foreign currency.. purchase a condo or town home in the city near Near UIC/RMC/AIT and rent it out...

[alindeman1989]

hookers all day son!!!!


nah, i would buy a ok house and finish the s14 and my old bug. Prob get a daily and save the rest. O and finish school

[lucky7]

if i won it today, i'd buy a nice E39 M5. the rest? i'd call up my financial guy over at franklin templeton and tell him to make me money. then forget about it. when im in my mid-late 50's, i'll have several million in the bank, plus whatever i've invested on my own. retire somewhere baller on the coast, and play with my vintage M cars.

[ryguy]

Put it in a CD, that much money could probably get an interest rate right now of about 3% over 12 months. That would be over 15k a year after interest is compounded, I would keep on doing what im doing now, only with that nice 15k per year padding.

[punk138]

Buy a house or two and rent them out.

pay off the debt and keep working.

invest a good amount of money to make more money.

later down the road when im older and balling, i would buy a few acres of land and build a decent sized track for fun! :)

[lucky7]

i thought CD's had shit rates, since they are so damn consevative. ??
perhaps im thinking of something different.

[atom]

3% IS a shit rate compared to other types of investments typically. Of course last year the entire market took a dump so making 3% last year probably wouldn't have been so bad.

Since 500k isn't nearly enough to retire, I would just throw most of the money into the same mutual funds I already have and keep working.

[ScottMan]

You'd get a better rate going with single premium fixed annuities. Plenty are paying over 5% for 5 years, and better rates for longer periods of time. Do that instead of CDs. :)

[lucky7]

CD's are for old folks. haha. i actually just sent a check for $2k to my financial guy. he's pretty good. he took all my money out of the market last year when they just begun to slip. prob saved me $10k. he has everything in cash currently (money market). he said he wants to wait about 6 months before investing back into the market again. im comfortable just giving money to the guy. he knows what my ultimate goal is, so i dont really worry about it. he's the pro.