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March, 2024

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What to do with 600k

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SterlingArcher
Posts: 2200 - Karma: 2,456
Invest your money in real estate? (I.e. rental properties, etc)

Buy land? (Agriculture/grazing rental, land near developments for future project resale, recreational use, etc)

Play the market? Savings bonds? Etc..

Start or buy into a business?

What would you do so you had a steady yearly return from investments? Speaking in terms as if you had more than enough money and only used the money to pay property taxes/bills and get a slight/moderate return.
Jul 29 2013 10:33PM
148 2
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Peachbutt
Posts: 623 - Karma: 601
Hookers and blow.
Jul 29 2013 10:35PM
30 1
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TACO-DOG.exe
Posts: 11986 - Karma: 12,239
start up a drug operation like they do in the movies.
Jul 29 2013 10:35PM
4 0
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1337
Posts: 31038 - Karma: 29,003
high risk trading until you either have enough money to buy a ski resort and turn it into an NS mountain, or you go broke
Jul 29 2013 10:36PM
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LoathesRaisins
Posts: 3612 - Karma: 4,735
Marijuana farms.
Jul 29 2013 10:37PM
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James.May
Posts: 494 - Karma: 321
buy a new cottage and a bunch of "toys" and use it until the market rises like it seems to always be and sell then repeat.
Jul 29 2013 10:37PM
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2_fadez
Posts: 7780 - Karma: 4,180
Get a bunch of it in 1's, and then make baseball bats out of the money. Then I'd beat up people and tell them that if they were rich maybe they could have fought back
It'd be some real class warfare
Jul 29 2013 10:37PM
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SterlingArcher
Posts: 2200 - Karma: 2,456
If you used a portion of the money.. what percents would you break it into? Example: take 100k use 40% high risk investments.. crazy earnings or go for broke. 30% moderate risk. And 30% low risk trading to always have a guaranteed return even if not in large sums.. ???
Jul 29 2013 10:40PM
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1337
Posts: 31038 - Karma: 29,003
That sounds pretty decent.

Source: I have no experience with trading, investing, or the stock market. I do know my way around numbers though and that seems smart enough to me
Jul 29 2013 10:42PM
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daannnnieel
Posts: 5163 - Karma: 4,293
buy a r32, and a 240sx. After that invest money into both of them. Buy cheap condos at a few different ski hills, rent out/use them. Put the rest of the money into the bank for a nice ass retirement.
Jul 29 2013 10:43PM
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Titus69
Posts: 9327 - Karma: 17,742
get an imported skyline and an evo 9 and move too mammoth
Jul 29 2013 10:51PM
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esotericjive
Posts: 1889 - Karma: 1,445
GO BIG OR GO HOME, MOTHERFUCKER. BUILD A METH LAB, SHITCAMEL.

DO IT, YOU WON'T.
Jul 29 2013 10:54PM
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Charlie_Kelly
Posts: 11953 - Karma: 12,292
Buy a shit ton of cars and build them myself.

Then pay off student loans.

Then invest in gummy bears.

Jul 29 2013 10:58PM
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daannnnieel
Posts: 5163 - Karma: 4,293
ew evo.
Jul 29 2013 11:00PM
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SterlingArcher
Posts: 2200 - Karma: 2,456
^ This money would be strictly for investing.. as in there would already be additional money set aside for cars and such.
Jul 29 2013 11:08PM
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Wolfgang.
Posts: 807 - Karma: 866
I would buy multiple properties, secluded lots and abandonned warehouses, nothing too too expensive. I would then buy chemicals, many different supplies and equipment. The early stages of my laboratory have begun. I cannot say publicly what I would be working on because various departments of internal and international defence would disagree. Expect vast amounts of anarchy in the years to come.

Its either that, or invest into my skiing.
Jul 29 2013 11:46PM
3 0
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Roddy
Posts: 8 - Karma: 24
Samsung
Jul 29 2013 11:51PM
1 0
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Abu_Hajaar
Posts: 2747 - Karma: 3,890
I would start a vegan sex toy company.
Jul 30 2013 1:01AM
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Balto
Posts: 25985 - Karma: 4,398
lsd lab
600k worth of leicas and film
Jul 30 2013 1:04AM
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Titus69
Posts: 9327 - Karma: 17,742
hey....evo 9 is one of my favorite cars thats not a supercar
Jul 30 2013 1:10AM
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000000000000
Posts: 843 - Karma: 1,552
Ammunition and gold bricks
Jul 30 2013 3:30AM
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bigbromskier
Posts: 1175 - Karma: 330
start a non-profit specializing in redeveloping empty lots/disused land to create parks and other forms of greenspace in disadvantaged urban areas. would also advocate public agriculture as well as low rents for newly formed local businesses.

open a fun, laid back restaurant centered around healthy, creative food. there's one in bend that I liked that's a casual sit-down service restaurant, but is also a counter take-out with refrigerators full of beer and other drinks like a convenience store. live music, casual seating, bombass food.

buy a fixerupper in a good location. live in it, make it sick, rent it. repeat. or the same strategy except it's not a fixerupper cause its not feasible with my handyman skills. OR hire a handyman with the intent of being his apprentice in the first scenario--skillz+billz. my uncle has been doing this for years and it seems to have been working fairly well.

buy 600k worth of gold and silver and bury it. cash in at the right moment given that I can find it and dig it up in time.
Jul 30 2013 4:02AM
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bigbromskier
Posts: 1175 - Karma: 330
start a non-profit specializing in redeveloping empty lots/disused land to create parks and other forms of greenspace in disadvantaged urban areas. would also advocate public agriculture as well as low rents for newly formed local businesses.

open a fun, laid back restaurant centered around healthy, creative food. there's one in bend that I liked that's a casual sit-down service restaurant, but is also a counter take-out with refrigerators full of beer and other drinks like a convenience store. live music, casual seating, bombass food.

buy a fixerupper in a good location. live in it, make it sick, rent it. repeat. or the same strategy except it's not a fixerupper cause its not feasible with my handyman skills. OR hire a handyman with the intent of being his apprentice in the first scenario--skillz+billz. my uncle has been doing this for years and it seems to have been working fairly well.

buy 600k worth of gold and silver and bury it. cash in at the right moment given that I can find it and dig it up in time.
Jul 30 2013 4:05AM
0 0
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louie.mirags
Posts: 6015 - Karma: 5,028
https://www.newschoolers.com/ns/mobile/forumread/id/753123/
Jul 30 2013 7:14AM
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p.hawks
Posts: 2832 - Karma: 581
real estate, then if you get a good idea what you are doing, you could try flipping property, but it is not as easy as you think. I would say invest in a couple apartments if you can, like near a university or growing section of town. You will always find someone who wants to live there. The only thing to remember if you go near a university is how trashed those places can get, so keep that in mind. Also remember that a little can go a long way. If you buy a washer and dryer for a few apartments to share, you can charge more in rent at little cost to you for many years.
Jul 30 2013 9:39AM
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Stainr
Posts: 1184 - Karma: -1,142
would not do shit.
Jul 30 2013 10:01AM
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Caucasian_Asian
Posts: 2447 - Karma: 1,665
Not take investment advice from 14 year-olds on NS.
Jul 30 2013 10:22AM
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SterlingArcher
Posts: 2200 - Karma: 2,456
Who yet are contributing more than you.
Jul 30 2013 10:29AM
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YoungJ
Posts: 447 - Karma: 883
Start sponsoring skiiers
Jul 30 2013 10:35AM
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whoa-dere
Posts: 10596 - Karma: 7,100
pm me for my paypal
Jul 30 2013 10:49AM
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KrazyistKarl
Posts: 1725 - Karma: 599
is this hypothetical or do you actually have 600k?
Jul 30 2013 10:50AM
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last_tango
Posts: 2635 - Karma: 2,665
own a fuck ton of section 8 housing and become a slum lord.
Jul 30 2013 10:52AM
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TechnoPotamus
Posts: 11626 - Karma: 3,522
ZING
Jul 30 2013 10:52AM
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FightClub27
Posts: 486 - Karma: 416
I would buy
1- Roller skates
2- A pony
3- Roller skates for my pony
Jul 30 2013 10:53AM
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Laurent.
Posts: 10054 - Karma: 25,277
Six nights out at Nikki Beach.

Click for larger image
Jul 30 2013 10:55AM
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jibbpeter
Posts: 1613 - Karma: 4,083
When you see this, it's time to run like hell
Jul 30 2013 11:01AM
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Laurent.
Posts: 10054 - Karma: 25,277
The parking lot shows off quite well what kind of people go there:

Click for larger image

*Look at me in my red Ferrari, I'm so unique!*

Click for larger image
Jul 30 2013 11:11AM
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Laurent.
Posts: 10054 - Karma: 25,277
Take 2:

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Click for larger image
Jul 30 2013 11:13AM
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howlongcanausern
Posts: 4982 - Karma: 1,737
>start fake business
>give myself "income"
>get permanent residency in canada
>eventually get citizenship in canada
>laugh at USA's slow but steady decline
Jul 30 2013 11:18AM
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RawrRawrRob
Posts: 1841 - Karma: 685
Travel the world
Jul 30 2013 12:05PM
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Charlie_Kelly
Posts: 11953 - Karma: 12,292
This is actually the best idea. Then you can pedel drugs and become a drug lord. Start a cartel, absorb through hostile takeovers other cartels, gain power, use power on governement, take over small country, start war and revolution, take over larger country, repeat until continent is yours, form new coalition and wage war on world, take over world.

Or invest in gummy bears until dead.
Jul 30 2013 3:18PM
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jaredmdub
Posts: 2229 - Karma: 564
depends on your age. a simple strategy for investing is using your age as a percentage of where you're putting money.

I'm 23 so I would invest 25% of my money in more riskier investments and the remaining 75% in low risk investments for the first couple of years. since you are probably young, that 75% will continuously be earning (if you chose like CD's or bonds)

every year, switch the percentages up.

for example:
year 1    25-75
year 2    26-74
year 3    27-73

and so on...

it depends on how dumb you want to be with your money though.
Jul 30 2013 3:28PM
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SterlingArcher
Posts: 2200 - Karma: 2,456
Let's just use this situation...

You had investments already in place that annually grossed roughly $60k to $65k a month on average. Aside from investments you had "more than enough" liquid cash set aside for day to day living, cars, hobbies, homes, etc. And you were using an seperate amount (let's say 600k) to use for other investment opportunities, as in owning rental properties in vacation destinations, owning a ski retail business, owning a ranch and leasing acreage on your land for others to utilize, and use income strictly to pay property tax, assoc fees, operating costs. All of which which would not effect your liquid cash or other seperate investments.
Jul 30 2013 3:29PM
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SterlingArcher
Posts: 2200 - Karma: 2,456
Sounds solid. And I'm 26 so thats #2?
Jul 30 2013 3:33PM
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Ski_the_east01
Posts: 5203 - Karma: 2,304
Click for larger image
Jul 30 2013 3:37PM
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jaredmdub
Posts: 2229 - Karma: 564
you could start lower and increase every year or start a little higher. like maybe 30-70 for the first couple of years just to see how everything goes. it all depends on personal preference.
Jul 30 2013 3:42PM
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