and i'm not looking for idiotic answers. i want to hear some sensible reasonings as to how you would manage it.
2007-04-06 16:05:54 · 10 answers · asked by annie 3 in Business & Finance ➔ Personal Finance
First I would get the things I want such as the house, cars, and other big ticket items. I would also make sure there was something for my family. Next would be investing into mutual funds on different degrees of risk. Some would be riskier than others because they pay better. Next would be a liquid account such as a money market. Something to get interest but also can be spent f the need (or want) arises. This is also something up to you. What are your wants and desires in life? This is very general in answers
Good luck (if you need any)
Bob Laibach
www.gogreedy.com
2007-04-06 18:57:43 · answer #1 · answered by Robert L www.gogreedy.com 2 · 0⤊ 0⤋
I would put most of it in some kind of bonds or cd so that the interest is guaranteed. A few people that I know have good business ideas I would invest in. These would be small less than 100,000 investments so if one or two lost the others would cover it. But I would still try to not spend money on to much that does not stay around. New cars depreciate but some classic one are steady and sometimes go up. Just always invest wisely.
2007-04-06 23:13:37 · answer #2 · answered by ronnny 7 · 0⤊ 0⤋
I would invest 25% of it in the S & P 500 index and 50% in low risk government bonds and give 15% away to charity and use the last 10% for home, cars and vacations.....
2007-04-06 23:14:18 · answer #3 · answered by JoeFriday 1 · 0⤊ 0⤋
Seriously? I'd donate a portion of it to a local University for a new building. They'd probably name it after me, which would be nice, but what I'm really buying here is an honorary doctorate, and having Dr. in your title just looks impressive.
2007-04-07 00:12:26 · answer #4 · answered by J.C. 2 · 0⤊ 0⤋
I would pay off all my debt as well as my family members debt. Give 10% to my church. Purchase some property and build a home for my family to retire in. Afterwords, I would put some in an IRA account and let it grow.
2007-04-06 23:11:52 · answer #5 · answered by lululegs2000 3 · 0⤊ 0⤋
Pay 10% to my church, take my sisters out on a shopping spree. Buy my dad his dream motorcycle. Buy myself my dream car. Buy my mom the hybrid SUV she wants.
And save for college, of course.
2007-04-07 22:08:33 · answer #6 · answered by Selah 4 · 0⤊ 0⤋
I'd give to a few charities and church.I'd deposit in more than 1 bank.I'd be scared to death of stockbrokers gambling with my money.When it comes to money I trust no one.
2007-04-07 09:06:23 · answer #7 · answered by Steve 3 · 0⤊ 0⤋
id keep 10 mill of it liquid for me to enjoy on cars, houses, holidays...etc.
30 mill of it into real estate
10 mill of it into gold
and ofcourse some to charity
2007-04-07 03:11:20 · answer #8 · answered by billjoio28 2 · 0⤊ 0⤋
pay off my school loans and any other debt i have, buy a house, then stash it all away in the bank and live off it till i die.
2007-04-06 23:10:54 · answer #9 · answered by Morganna 5 · 0⤊ 0⤋
Anything i want of coarse!
2007-04-07 00:27:46 · answer #10 · answered by luke s 1 · 0⤊ 0⤋