If you won the lottery worth 1.5 million dollars, and you had to either invest or buy what would you do with the money? And I am not looking for answers that include personal ideas like "I would build my own shopping mall". I am looking for answers of either 2 things, buy, or invest, and then reasons of your decision. If you pick buy, why would you buy something instead of investing the money, and if you pick invest, why would you invest the money instead of just buying something?)
2007-06-10 11:43:57 · 10 answers · asked by Anonymous in Business & Finance ➔ Investing
Buy an island, i wont need invest cause i will not use money anymore. I have my own life on the island ( food, water, house)
2007-06-10 11:48:09 · answer #1 · answered by Princess Vina 2 · 0⤊ 1⤋
I would still vote my conscience. But if the question were to be, IF I would change my allegiance from Democrat to Republican for $10 million dollars, you're damned right I would, and would even vote for the corpse of Adolph Hitler ---------- remember, 1 man, 1 vote. If I had the power and was was offered $10 million to put in McCain, and the alternative is to live out my life the same as I am with Obama, I would put in Obama, because I'm not that selfish. Obama 08 =============== Life is so simple, but we insist on making it complicated Confucius 551 - 479 BC =============== Peace Jim .
2016-05-17 04:21:30 · answer #2 · answered by delaine 3 · 0⤊ 0⤋
If you take a lump sum payment, You will end up with about $800,000.00 in cash after taxes (assuming the 1.5 million is the cash jackpot). If you invest that money with a return of 5% APR (and you can do better than that with Bank CD's, never mind more aggressive investments) you end up with $40,000.00 after one year, and have the original investment.
Rather than spending the money, investing it allows you to have money to spend, and never have to worry about running out.
2007-06-10 12:54:30 · answer #3 · answered by fire4511 7 · 0⤊ 0⤋
First I would take the lump some instead of the installments. Buy 35 acres of forest on lake Michigan. Build a house on it and invest the rest in china and alternative fuels.
2007-06-10 11:48:25 · answer #4 · answered by Mr. Knickerbocker 3 · 0⤊ 0⤋
i'd invest to make more money that i can buy more things later, cuz ii I just spent it then thats it-finished-no more coming. So i'd invest some in real estate(California, Brazil) and starting a business in imports/exports-US, China.
2007-06-10 11:54:26 · answer #5 · answered by lisa 2 · 0⤊ 0⤋
I would invest it, and I would try to invest in a way that I could retire.
2007-06-10 12:51:46 · answer #6 · answered by Nelson_DeVon 7 · 0⤊ 0⤋
Invest.
I'd turn it over to UBS with instructions to put half in stocks, and the other half to be divided between government bonds and real estate.
Of course, I'd have to buy some small trinket first!
2007-06-10 11:54:25 · answer #7 · answered by silvercomet 6 · 0⤊ 0⤋
buy and not invest.....i could buy alot of things for myself and my family and as well as people who need financial help or are poor. thats what i would do with the money, give me and my family what they need and provide what i could to help the less forunite.
2007-06-10 11:49:19 · answer #8 · answered by baby_love_marybeth 4 · 0⤊ 1⤋
Invest - college doesn't pay for itself.
2007-06-10 11:46:45 · answer #9 · answered by Jacques 5 · 1⤊ 0⤋
I would buy!! BUY BUY BUY. Why? because my parents already invested in my future, and now its time to spend my OWN money on what ever I want!!
2007-06-10 11:52:40 · answer #10 · answered by Anonymous · 0⤊ 3⤋