Thought exercise for you financial wizards

[FQDawg]

Buddy of mine presented me with this hypothetical and I'm curious to see what ideas you guys have...

Someone gives you $1 million on January 1. You can do whatever you want with the money and can keep any resulting proceeds but you have to return the full $1 million the next Jan. 1.

What do you do with it?

 

[aTotal360]

Golden. Moon.

 

[Leeshouldveflanked]

Hookers and Blow and a new Buddy.

 

[57stratdawg]

 

[57stratdawg]

On a serious note - I’d invest it in some travel stocks. Delta, Royal Caribbean, Marriott, Disney, etc. If you wanted to get fancy you could try an airline ETF so your risk is spread out.

 

[Mobile Bay]

Buddy of mine presented me with this hypothetical and I'm curious to see what ideas you guys have...

Someone gives you $1 million on January 1. You can do whatever you want with the money and can keep any resulting proceeds but you have to return the full $1 million the next Jan. 1.

What do you do with it?

267 contracts to buy Tesla @$420 expiring on 1/15/21

 

[ronpolk]

Take half and bury it in a mayonnaise jar in the back yard and the other take to the dog track and bet on the dog who does his business right before the race starts.

 

[ckDOG]

Blow through it then sue your lender.

Buddy of mine presented me with this hypothetical and I'm curious to see what ideas you guys have...

Someone gives you $1 million on January 1. You can do whatever you want with the money and can keep any resulting proceeds but you have to return the full $1 million the next Jan. 1.

What do you do with it?

View attachment 18728

 

[Xenomorph]

Scalp graphics cards on Ebay.

 

[Bulldog from Birth]

I'll assume defaulting on the loan isn't an option. It really depends on how much money you have in addition to this sum. If you've got a few million in assets and you can afford to take a risk and lose a big chunk of the million if the market tanked, then I'd put the money into some pretty stable high dividend paying stocks, make 5% on the investment during the year and hope the stock prices don't drop much if any. If this million dollars dwarfs your net worth, then I'll be honest, you can't take a big risk with this money. If you had another major Covid-19 lockdown, the market could sink back another 30-50%. If you had a 5-year time horizon, it'd be fine. But the market can really get whacked in a year. So I'd just put it in the best 12-month CD i could find and take your 0.5% to 1% and sleep easy.

 

[bully12]

Buddy of mine presented me with this hypothetical and I'm curious to see what ideas you guys have...

Someone gives you $1 million on January 1. You can do whatever you want with the money and can keep any resulting proceeds but you have to return the full $1 million the next Jan. 1.

What do you do with it?

 

[turkish]

Buddy of mine presented me with this hypothetical and I'm curious to see what ideas you guys have...

Someone gives you $1 million on January 1. You can do whatever you want with the money and can keep any resulting proceeds but you have to return the full $1 million the next Jan. 1.

What do you do with it?

Since I feel like people with that much money should pay higher taxes, I’d give it all to .gov and hope my buddy understands. If not, he’s probably racist and deserves the inconvenience.

 

[M R DAWGS]

Since I feel like people with that much money should pay higher taxes, I’d give it all to .gov and hope my buddy understands. If not, he’s probably racist and deserves the inconvenience.

I agree. There is no reason that one person should own that much. They should share with the unfortunate and downtrodden.*

Education and work ethic be damned.

 

[Jeffreauxdawg]

Lever it up with ultra low interest rate loans and buy a cash generating existing businesses and a real estate flip.

 

[Go Budaw]

Buy Amazon on a dip, cash out in December up $300-$400k, take 2 or 3 years off and travel the world while I’m still somewhat young.

 

[HWY51dog]

Buy rental properties with the cash. Refinance and pull the cash back out and repay the loan.

 

[Mobile Bay]

I agree. There is no reason that one person should own that much. They should share with the unfortunate and downtrodden.*

Education and work ethic be damned.

God forbid a man should plant a field, work the field all season, and then keep the fruits of his labor**

We should all stay home and enjoy the gruel/soylent green our benevolent government grants us.**

 

[olblue.sixpack]

God forbid a man should plant a field, work the field all season, and then keep the fruits of his labor**

We should all stay home and enjoy the gruel/soylent green our benevolent government grants us.**

^^^W.O.A.T.

 

[Jeffreauxdawg]

Buy a 1 year cd. Cash out and take the profit to buy a coffee at Starbucks.

 

[ronpolk]

Buy rental properties with the cash. Refinance and pull the cash back out and repay the loan.

Why buy the houses with cash and then refinance? Why not just finance on the front end?

 

[dorndawg]

Take half and bury it in a mayonnaise jar in the back yard and the other take to the dog track and bet on the dog who does his business right before the race starts.

Must like you some mayonnaise huh?

 

[UpTheMiddlex3Punt]

Theta wheel AAPL with weeklies

 

[Nicephorus]

Put it in the www.curve.fi 3pool and take my 30-50% interest. Depending on risk tolerance, sell the CRV tokens you get in interest daily or hold them to speculate a little

 

[HotMop]

BITCOIN

 

[Dawg_4_lifes]

Flip Columbian bricks

 

[Quincy A. Wagstaff]

BITCOIN

If you understand bitcoin's four-year cycle, you know 2021 is likely to be another 2017.

But professor...When you told me #Bitcoin was a Ponzi scheme you left out the part about the four-year halving cycle and two-week difficulty adjustment...How does that work? //Thread Post 1 pic.twitter.com/nJAyyXTVNS— Preston Pysh (@PrestonPysh) November 13, 2020

 

[HWY51dog]

Why buy the houses with cash and then refinance? Why not just finance on the front end?

It’s called the BRRR method. Buy, rehab, rent, refinance. If property is bought correctly, you make money on the refinance and have cash flow property’s. It’s done a lot with real estate investors.

 

[FreeDawg]

Buy Bitcoin and get rich af

 

[CreekFishin]

Mississippi Medical Cannabis.

 

[CreekFishin]

Not sure if you understand **

 

[CreekFishin]

Hell no. Somebody with that much money should be able to lawyer himself out of paying taxes. I paid more taxes than Trump in 2016, and I was working part time.

 

[JenBielema]

Hi hun - buy bitcoin. It’s a no brainer.

 

[rem101]

$1mil in madison timber.

 

[jethreauxdawg]

Hell no. Somebody with that much money should be able to lawyer himself out of paying taxes. I paid more taxes than Trump in 2016, and I was working part time.

Did you pay as much or lose as much as he did in the previous years? Acting like rich people don’t pay taxes takes a special level of faith. But if it is said enough people believe it. Also, the IRS carefully checks the returns of rich people. They don’t spend nearly as much time trying to catch us regular folks cheating them out of a few extra thousand.