question about finance

[tristan22]

If you came into $100 million dollars, what would you do and who would you hire to insure you don't lose all of it?

Any investment companies or lawyers you recommend?


thanks!

 

[sifer]

Originally posted by tristan22
If you came into $100 million dollars, what would you do and who would you hire to insure you don't lose all of it?

Any investment companies or lawyers you recommend?


thanks!

Question for you, why do you ask?

 

[tristan22]

Why not?

 

[sifer]

Originally posted by tristan22
Why not?

It doesn't seem to work imo.

There was a topic on this long ago, "what would you do if you had $10mil that you won from the lottery?" Similar question in different words.

 

[Docs]

First of all, the amount of $100,000,000 is far too excessive to be considered for investment, you can live off of that for the rest of your life (given that it isn't blown on stupid stuff).

Secondly, if I was to invest any amount of it at all, it would be into anything that provides a short term guarenteed interest and payout. Even with a 1% rate and putting $10 million in, it still comes out to $100,000 more at turnover.

And thirdly, do the above, but live off the interest.

Need I further explain myself?

 

[Bible_Belt]

I was a financial planner.

Assuming you mean 100 mil after taxes, you first figure out how much income you want. That number will tell you how much to put into guaranteed income-producing investments, often US Treasury notes and bonds. If the income number that you want is high, you might consider municipal bonds (lower interest but tax-free). Only US Gov't guaranted is really considered guaranteed, and then that is only good as long as the government survives. Now, the rest of your money is risk capital. The idea with that is to diversify - don't put all of your eggs in one basket. Think wide in scope. There are many different types of stocks, yet stocks are only one type of investment. Also consider real estate, gold, oil, foreign bonds/stocks, corporate bonds, and cash. If you are extra paranoid, buy some guns, too (legally of course); they never seem to go down in value.

Right now, if I had that money, I would be putting it into warehouses of plywood and 2x4s, given Katrina and maybe more hurricanes to come.

 

[crowes22]

I'd inform myself as to who it is that are always advocating tax increases and distribution of wealth. Then I'd adjust my vote accordingly.

Duh. The duh not meant for you tristan22, we agree. The duh intended for the other mindless sheep that are at this site.

 

[penkitten]

first id pay off the house, then take the kids to disney land and then hide the rest of it under a big rock.

 

[DJDamage]

I would make sure that I had some money stashed in different banks of the world.

Something bad could always happen to the economy or some sh1t goes down where your money in the bank disappears because it lost all value. Buy some goldbars and diamonds and keep them around.

 

[h2o]

that's a lot of money. i would use it to buy 30-40 rental properties in the bay area, and use the rest to start up some management companies to manage them for me. that would be sweet...imagine making like 50-300 grand a month, tax free, from the rent...

well, that is my life aspiration, it is possible actually...

 

[STR8UP]

Originally posted by tristan22
If you came into $100 million dollars, what would you do and who would you hire to insure you don't lose all of it?

Any investment companies or lawyers you recommend?

I am assuming that you are asking how to grow the money, even though you really asked about not losing it.

With that much money there is no reason to try to figure out how to be successful in business. And you could put it in the stock market but that's a pretty big crap shoot (especially in the short term).

You are talking about a lot of cash so if I wanted to GROW it I would probably use it as a downpayment on multiple income producing commercial rental properties such as office bldgs, shopping centers, medical, warehouse, etc.

If I didn't want to be bothered and would be content with smaller equity gains, I would buy one large commercial property outright.

The good thing about this is that although you only benefit from the appreciation of ONE property, if you buy right you can look forward to a check for close to $1,000,000 in your mailbox EVERY MONTH.

As for who to hire.....I wouldn't hire ANYONE. If you turn your money over to someone else you deserve whatever you get.

Hire your attorney and accountant for tax and legal advice and a good property manager to handle the rentals but NEVER let someone else tell you where to park your money. LEARN TO DO IT YOURSELF!

 

[spider_007]

buy your own bank. hire couple of good reputable investment menagers to take care of the money (and a good auditing company to keep an eye on them)

 

[Bible_Belt]

All of these are fine ideas, as long as you don't do just one. Diversification is key.

 

[A-Unit]

Re:

$100, million. tax free.

*Set up my family with their retirement and respective pensions. [Don't want to burn up my gift tax exclusion or have people incur unncessary taxes].

*Set aside a minimum standard of living for myself that would reap $200,000 at minimum. This is something Jesse Livermore did when he captured some profits from the market; he bought an annuity so that he could speculate more, knowing he had a fall back pool of money that would profit him a lifestyle until death.

*Work in pursuit of a fields and investments I love. Practice Golf enough to get to the Pro tour or Senior Tour.

*Invest money in a variety of enterprises and start-ups, VC, international, and even consider JT ventures in oil, exploration, R/E, and development.

*The market would be that last place I'd focus on, because it's growth is slowest when compared to other asset classes.


-----------------------------------


With that kind cake, it is incumbent upon you to do some good with it. Just by investing in worthwhile start-ups you create jobs for those who need them. Alas, only 2% of lottery winners retain their wealth and pass it on to the next generation, that's the difference: mindset.



A-Unit

 

[Page]

If I had that much money, I would buy rental properties and office buildings to get positive cashflow to cover my base expenses, and then I would get into development. , I would hire someone to manage my properties, and then I would go down to whats left of New Orleans and get into development there once the water dries up. A lot of the buildings that weren't destroyed outright will probably be condemned due to water damage and structural damage, so it will take a ton of development to get the city back on its feet, and I would intend to cash in on that.

During my time there, I should be able to double or even triple my money if I play my cards right.


I predict that For the next couple of years, New Orleans is going to be a developer's wet dream. After all the mess gets cleaned up, that place is going to be BOOMING.

 

[h2o]

Originally posted by Page
If I had that much money, I would buy rental properties and office buildings to get positive cashflow to cover my base expenses, and then I would get into development. , I would hire someone to manage my properties, and then I would go down to whats left of New Orleans and get into development there once the water dries up. A lot of the buildings that weren't destroyed outright will probably be condemned due to water damage and structural damage, so it will take a ton of development to get the city back on its feet, and I would intend to cash in on that.

During my time there, I should be able to double or even triple my money if I play my cards right.


I predict that For the next couple of years, New Orleans is going to be a developer's wet dream. After all the mess gets cleaned up, that place is going to be BOOMING.

Wow, seems like we think very alike. In fact, that bit about N.O. being a great investment opportunity...I'd been thinking about that before the hurricane struck. I keep it to myself though, because to say it, you'll sound like a greedy money-hungry mofo who doesn't care for human life. Although I do think about money and ways to make it almost all the time. I'll actually probably try to buy some land there if possible, when it clears up a bit.

I think we were both brainwashed very well by "Building Wealth" and/or "Rich Dad..."

 

[cave dweller]

carpet........

Hey,

I would invest in, buy and ship down items for rebuilding the Katrina hit area.

ie:

Carpet
AC units

Two items which many will need.....

cave dweller

 

[Page]

Originally posted by h2o

I think we were both brainwashed very well by "Building Wealth" and/or "Rich Dad..."

Actually, I started thinking about development only after I read Trump's Art of the Deal.