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May 25, 2012, 08:38:47 PM

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purplepens
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« on: March 20, 2007, 02:50:51 AM »

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$$$$$
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Danielle
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« Reply #1 on: March 20, 2007, 04:23:28 AM »

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.
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sabresaurus
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« Reply #2 on: March 20, 2007, 05:19:42 AM »

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...
« Last Edit: March 20, 2007, 05:23:14 AM by Sabrina » Logged
collinstexas
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« Reply #3 on: March 20, 2007, 01:00:25 PM »

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

Hehe....
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purplepens
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« Reply #4 on: March 20, 2007, 10:05:33 PM »

@Sabrina..I think I'll revise part of MY PLAN and hang out with Sabrina! Hee Hee.
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pat_togo
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« Reply #5 on: March 21, 2007, 03:11:18 AM »

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!
« Last Edit: March 21, 2007, 03:15:25 AM by pat_togo » Logged
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purplepens
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« Reply #6 on: March 21, 2007, 10:37:04 PM »

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%.
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pat_togo
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« Reply #7 on: March 26, 2007, 03:11:27 PM »

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...
« Last Edit: March 26, 2007, 03:18:24 PM by pat_togo » Logged
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purplepens
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« Reply #8 on: March 26, 2007, 09:29:48 PM »

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.
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