What would you do with 3 Million U.S. Dollars?

After I invested 1 million in a mix of long-term conservative and slightly risky investments (emerging markets, cd's, money markets, an ira, securities,municipal bonds and stocks)

I would:
1. Open a trust fund for all of my nieces and nephews (available when they turn 25).
2. Start an annual scholarship fund - $20,000/yr for indigent H.S. grads who want to go to college.
3. Buy 5 houses - 1-NY, 1-Kauai, Hawaii, 1-China, 1-Uruaguay, S. America and 1 in France. Little 5 bedroom cottages - nothing extravagant.
4. Travel around the world for 2 years visiting everywhere including North & South poles.

What would you do$$$$$

After I invested 1 million in a mix of long-term conservative and slightly risky investments (emerging markets, cd's, money markets, an ira, securities,municipal bonds and stocks)

Ditto for me...
1.) Pay off all my debt (house, car, b-school loans, etc...) and my parents.
2.) Put a huge down payment on one of the half million - million USD homes across the street from where I currently live.  They are soooooooooooooooo cute. 
3.) Go shopping in London or Toronto.  I would also take my own personal stylist with me. 
4.) Travel to maybe 2 of the top spas in the world, to do some research.
5.) Open a spa or  shoe and purse boutique.

First, I'd sell $2 million in black market rate back home.  That would give me an equivalent of US$4 million  in local currency.

So I'll have $1 million,
and the equivalent of $4 million worth in local currency.

1 - Give my mum & my twin sister $ ¹/₂ a million each.

2 - Build two mansions back home for $ 1 million each - then put them up for sale for Euro 1.2 million.
3 - Buy a $¹/₄ million car.
4 - Use $¹/₂ million to start a relatively large net cafe back home.
5 - Use $ ¹/₂ million to start another business.
6 - A new wardrobe full of only branded stuff
7 - Travel the world
8 - Shop, shop, shop...
9 - Eat, eat, eat...

Sabrina,You are wise. You must be a good business partner

Hehe....

@Sabrina..I think I'll revise part of MY PLAN and hang out with Sabrina! Hee Hee.

1-Invest one half in my business
2-Convert the other half into a high interest currency such as the NZ or the Australian dollar, save it to a multi-year time deposit bank account (should be able to get a 7 to 8% for those currencies) and live off the interests (almost 10k USD value a month!). That way I get the money working for me!

pat:...save it to a multi-year time deposit bank account (should be able to get a 7 to 8% for those currencies)

In the U.S. the interest rate on savings accounts is only about 3-4%.

pat:...save it to a multi-year time deposit bank account (should be able to get a 7 to 8% for those currencies)

In the U.S. the interest rate on savings accounts is only about 3-4%.

  That's why there are international markets and foreign currencies. And since the original post did not specify that the investment was restricted to the United States...

Right OH! Speaking of international investments, I read that the Saudis are moving 8% of their investments from dollars to euros and that the euro is expected to rise as the dollar declines.