What would you do if someone gave you $100 grand?

I would save/spend. I would save 60 - 70 grand. Then use the other 30 - 40 grand on what ever. Maybe a vacation to Costa Rica or something like that.

 

www.vanguard.com

 

Careful, stephens may not be a mere mortal.

 

Ahhh yes, charity!

 

First I would go to Vegas so I can double my money.
Then I would have a limo drive me and my freinds everywhere.
Gold chains for everyone, Disco techs every night.
Then when im out of money I would borrow a few bucks for the lottory,
and start all over again.

 

1. Pay off my HECS (uni) debt.

2. Buy a 5 or 6 digit heritage plate

3. Invest the rest. If i could secure a 4-5% return per annum I would be rapt! (joke)

 

I suspect somebody was listening to Jim Cramer
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1. pay off student loan
2. pay off office
3. pay off small business loan.
4, Go to Italy

 

"What would you do if someone gave you $100 grand?"

Say "Thank you very much".

 

I'm going to assume this is $100k after taxes. I would pay off all of my debts (about $25k). I would then bring my Typhoon here to Michigan, and buy an '87 Merkur XR4Ti as a project car (about $1k), maybe do some more upgrades on the Typhoon (up to $4k), and buy a new Volvo V70R as a daily driver ($40k). The rest would go into savings for a future business.

 

I have changed my mind on how I would spend my money.

I would buy a new Toyota Tacoma, and buy a small piece of property some wheres. Then build a cabin type thing. And save the rest for what ever.

 

Buy a house I had to pass on today for lack of cappitol. Put 10k into freshening it, market it for 80k over what I paid. Time target 3 mos untill my COE.

Yeah, I'd just make more money. $100k really isn't that much. But if you work with it and use it to make a mill or two, then that's at least a car or three.

 

well considering im a student, i'd get myself a decent car, sick of using the parents car, even though its an okay drive.. i'd spend 30 - 40k on the car.. something not too shabby or invest the rest

 

Just located a small 4000 sg ft commercial bldg. OWC with 25% down. I have two tenants lined up, interested in that area and bugging me constantly for space. Getouttamyway!

 

LOL, sorry if I gave the wrong impression. I'm not that wealthy, but believe in good charities such as the salvation army. 100K is not enough to really do anything with IMO, so given it is a gift, I would donate it. Doesn't make me wealthy, maybe just stupid.

 

I would buy a 308QV and a 911 and invest what's left in something conservative and use the interest to pay the maintenance + insurance on both cars.

 

Just curious, how much do you think you'd have left? And what interest rate would you be expecting?

 

Cramer hates CSCO.

 

I'm figuring for the QV 35k and I had in mind a 911 that I'm currently looking at that is in the 15k range. That would leave me with 50k to invest. Figuring a conservative rate of 5% that would give me 2500 a year for maint. insurance.

 

5% ON YOUR MONEY??

ROB, TELL ME WHERE??

BRUCE

 

Bruce I can get 4% on a c.d. at my bank right now and I'm sure if I searched around on the internet I could find a long term c.d. paying 5% The future of c.d. rates are also due to head higher rather than lower.

 

Diversified funds that guarantee you initial capital. My place offers them. Although the interest is not guaranteed, the annual return is around 9% (or more).

 

4% BROKEN DOWN WHEN TAXED IS ABOUT 2%.....BETTER TO KEEP THE MONEY UNDER MY MATTRESS...

 

Bruce you are destroying my dream of what I would do with 100 grand.

 

I would in the short term, put it in some higher risk investments. Depending upon how the ROI pans out, then look at my options. $100k would not be enough to provide a significant lifestyle change for me at this point in my life, however, I am sure it will be of more importance down the line when I retire.