Let's say you had $1.5 million in an account...

mpower4life · 06-16-2012, 05:03 PM

deleted

jphughan · 06-16-2012, 05:04 PM

See the thread about the guy who won the lotto. Same advice applies.

Seriously, with that kind of cash sitting in an account, you should be talking to a wealth management specialist.

HeartMD · 06-16-2012, 05:09 PM

Quote:

Originally Posted by jphughan

See the thread about the guy who won the lotto. Same advice applies.

Seriously, with that kind of cash sitting in an account, you should be talking to a wealth management specialist.

+1

M3Denver · 06-16-2012, 05:31 PM

buy property, or develop property on the cheap.
stash the rest in and offshore account that gives between 8-10% interest. Start a small business, incorporate, have your employers hire you through your business, lower your tax rate by about 15 - 20%.
sit back and collect checks for 10 years and stash as much as you can.
Prep for early retirement.

duk · 06-16-2012, 06:03 PM

invest overseas some countries have 10-15% interest rates

KIS · 06-16-2012, 06:15 PM

Give $150,000 to a worthy charity and conservatively invest the rest which should yield approximately 6% after tax.

X2Board · 06-16-2012, 06:26 PM

Quote:

Originally Posted by KIS

Give $150,000 to a worthy charity.

IFX · 06-16-2012, 06:27 PM

Quote:

Originally Posted by duk

invest overseas some countries have 10-15% interest rates

really? I honesty don't know much about it, I guess I will have to look into it a bit more.

kscarrol · 06-16-2012, 06:51 PM

Quote:

Originally Posted by IFX

really? I honesty don't know much about it, I guess I will have to look into it a bit more.

Yes if you want to dabble in Greek or other equally risky debt... Buying bonds does not ensure you don't lose your principal.

Darth One · 06-16-2012, 07:14 PM

two chicks at the same time

ksoze · 06-16-2012, 07:18 PM

I just want to say one word to you. Just one word. Plastics

Slapshot9 · 06-16-2012, 07:35 PM

Sweet home with a four car garage and a lift. GT2 RS, enclosed trailer with one of those cool dualie truck with the low profile semi rims/tires. 2013 M5 to drive to work.

MDyDinanM · 06-16-2012, 07:56 PM

This thread belongs in the off-topic section

Arben72 · 06-16-2012, 08:31 PM

Spend 10% on fun things and the rest on rental properties.

rjd598 · 06-16-2012, 08:41 PM

Quote:

Originally Posted by M3Denver

buy property, or develop property on the cheap.
stash the rest in and offshore account that gives between 8-10% interest. Start a small business, incorporate, have your employers hire you through your business, lower your tax rate by about 15 - 20%.
sit back and collect checks for 10 years and stash as much as you can.
Prep for early retirement.

can you elaborate on the being hired through your company by the employers
part

tibra1 · 06-16-2012, 08:43 PM

Quote:

Originally Posted by Darth One

two chicks at the same time

You dont need $1.5 mil for that

quadpipes · 06-16-2012, 08:46 PM

Quote:

Originally Posted by ksoze

I just want to say one word to you. Just one word. Plastics

But Dustin didn't follow that advice. Coo coo ca choo.

jphughan · 06-16-2012, 08:50 PM

Quote:

Originally Posted by rjd598

can you elaborate on the being hired through your company by the employers
part

The suggestion was to start your own company and then get the OP's current employers (i.e. the ones he'd be leaving to start his own company) to then hire him by contracting with the new company he starts. Generally that results in far more income than being a direct employee, and the income has a better tax rate.

BMW Fanatic · 06-16-2012, 08:51 PM

Give it to me. I'll look after it don't you worry about it.

CrusherM3 · 06-16-2012, 08:55 PM

20 person posse...Mansion in Beverly Hills with a pool shaped like my penis.

mamadub · 06-16-2012, 09:33 PM

Quote:

Originally Posted by Arben72

Spend 10% on fun things and the rest on rental properties.

Bingo. Just what I did!

glockperfect · 06-16-2012, 09:39 PM

Quote:

Originally Posted by tibra1

Quote:

Originally Posted by Darth One

two chicks at the same time

You dont need $1.5 mil for that

You do for the type of chicks that would double up on a dude like Darth One

06-16-2012, 05:03 PM	#1
mpower4life Private First Class 17 Rep 102 Posts Drives: E36 Avus Blue M3 / E39 M5 / M4 Join Date: Jun 2011 Location: Vancouver, WA iTrader: (0)	lets just say... deleted __________________ BMW: THE ATHLETE IN A SUIT Last edited by mpower4life; 10-28-2012 at 08:10 PM.. Reason: confidentiality
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06-16-2012, 05:04 PM	#2
jphughan Brigadier General 594 Rep 4,488 Posts Drives: '16 Cayman GT4 Join Date: Mar 2011 Location: Austin, TX iTrader: (0)	See the thread about the guy who won the lotto. Same advice applies. Seriously, with that kind of cash sitting in an account, you should be talking to a wealth management specialist. __________________ '16 Cayman GT4 (delivery pics, comparison to E92 M3 write-up) Gone but not forgotten: '11.75 M3 E92 Le Mans \| Black Nov w/ Alum \| 6MT (owned 5/2011 - 11/2015)
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06-16-2012, 05:31 PM	#4
M3Denver Lieutenant 21 Rep 420 Posts Drives: 2011 BMW M3 Join Date: Mar 2012 Location: Denver CO iTrader: (0)	buy property, or develop property on the cheap. stash the rest in and offshore account that gives between 8-10% interest. Start a small business, incorporate, have your employers hire you through your business, lower your tax rate by about 15 - 20%. sit back and collect checks for 10 years and stash as much as you can. Prep for early retirement.
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06-16-2012, 06:03 PM	#5
duk ///M 158 Rep 3,195 Posts Drives: 2011 AW/FR 6MT E92 Join Date: Jun 2007 Location: Irvine, CA iTrader: (0)	invest overseas some countries have 10-15% interest rates __________________ 2011.5 AW/FR E92 M3 6MT
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06-16-2012, 06:15 PM	#6
KIS Lieutenant 38 Rep 543 Posts Drives: 2015 Jaguar F Type R Join Date: Sep 2010 Location: Houston, Texas iTrader: (0)	Give $150,000 to a worthy charity and conservatively invest the rest which should yield approximately 6% after tax.
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06-16-2012, 07:14 PM	#10
Darth One drunk poster 6613 Rep 3,649 Posts Drives: M4 GTS \| E46 M3 Join Date: Jul 2008 Location: FL iTrader: (0)	two chicks at the same time
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06-16-2012, 07:18 PM	#11
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06-16-2012, 07:35 PM	#12
Slapshot9 First Lieutenant 22 Rep 351 Posts Drives: '08 E90 M3 JzB 6MT Join Date: Dec 2011 Location: SoFla iTrader: (0)	Sweet home with a four car garage and a lift. GT2 RS, enclosed trailer with one of those cool dualie truck with the low profile semi rims/tires. 2013 M5 to drive to work.
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06-16-2012, 07:56 PM	#13
MDyDinanM OIF Veteran 246 Rep 2,106 Posts Drives: ///M Join Date: Oct 2009 Location: East Coast iTrader: (0) Garage List 2008 BMW M5 [6.88]	This thread belongs in the off-topic section __________________ Retired: '06 BMW E46 ///M3 Current: '08 BMW E60 DINAN ///M5, Interlagos Blue, SMG DINAN Stage 2 Suspension, Exhaust, Stage III Software, Front strut braces, Intakes, 13% Underdrive pulley, 3.91 Differential, RPI Scoops.
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06-16-2012, 08:31 PM	#14
Arben72 Banned 50 Rep 462 Posts Drives: E92 M3 Join Date: Apr 2011 Location: Illinois iTrader: (0)	Spend 10% on fun things and the rest on rental properties.
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06-16-2012, 08:51 PM	#19
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06-16-2012, 08:55 PM	#20
CrusherM3 Private First Class 14 Rep 154 Posts Drives: 2012 M3 E92 Jet Black Join Date: Mar 2012 Location: Houston Texas iTrader: (0)	20 person posse...Mansion in Beverly Hills with a pool shaped like my penis.
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