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If you had $3,000,000 what would you do with it to prolong the value of it?

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 If you had $3,000,000 what would you do with it to prolong the value of it?
Unread 5 years agoclass of '05 - away - #1
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I'm The Dan 7 heat pts space
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If you got three million dollars what would you do with it to prolong the value? I've heard some people tell me to throw a mil in an annuity. That would give me $6,000 a month for like 30 years. That would double the value of it, but it takes 30 years to get it. Plus, I am not sure if the annuity adjusts for inflation.

So, I ask what would be the best possible investment of money RIGHT NOW, that would bring in a steady monthly income.
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24 comments for "If you had $3,000,000 what would you do with it to prolong the value of it?"

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Unread 5 years agoclass of '06 - on now - #2
marcusaka50 33 heat pts33 space
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i wouldn't be on bx
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Unread 5 years agoclass of '05 - away - #3
dasill 5 heat pts space
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why are all these if u had this and that threads popping up
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Unread 5 years agoclass of '05 - away - #4
I'm The Dan 7 heat pts space
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I guess it was too much to expect a logical and well thought out answer when it comes to anything other than sports and music on Boxden.
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Unread 5 years agoclass of '08 - away - #5
o7media 20 heat pts20 space
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I'd take a portion of it and invest in undervalued companies that offer high dividend yields in their stock. I'd collect on the dividend and the actual stock (assuming it's a good trade).
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Unread 5 years agoclass of '04 - away - #6
Solidus  space
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open an mCdonalds or a cineplex

best money generators
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Unread 5 years agoclass of '05 - away - #7
Kuchiki_Byakuya 10 heat pts10 space
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I'd buy Boxden and hire Ronnie as a mod.
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Unread 5 years agoclass of '05 - away - #8
I'm The Dan 7 heat pts space
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what about real estate? you can buy cheap now and sale high later.
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Unread 5 years agoclass of '07 - away - #9
TheIncomparable  space
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I'm The Dan said:
If you got three million dollars what would you do with it to prolong the value? I've heard some people tell me to throw a mil in an annuity. That would give me $6,000 a month for like 30 years. That would double the value of it, but it takes 30 years to get it. Plus, I am not sure if the annuity adjusts for inflation.

So, I ask what would be the best possible investment of money RIGHT NOW, that would bring in a steady monthly income.
Bonds, stocks, annuities, etc... many options.. There's a bunch of different types of bonds you can buy, and yes, one of those types of bonds is a bond that does adjust for inflation (i believe)... but generally they don't and that's what investing is all about, its a risk... the bigger the risk you take (the more you invest) the more you can make on it (or lose)

Last edited by TheIncomparable; 05-30-2010 at 07:58 PM..
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Unread 5 years agoclass of '07 - away - #10
TheIncomparable  space
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I'm The Dan said:
what about real estate? you can buy cheap now and sale high later.
real estate is also another option
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Unread 5 years agoclass of '07 - away - #11
TheIncomparable  space
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and like dude said above... franchising is a steady flow of income as well.. If you have enough to open up a well known fast food restaurant in a great location, you'll definitely see a great return on your investment
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Unread 5 years agoclass of '10 - away - #12
Ambassador 444 heat pts444 space
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You gotta know how to run the franchise...you can't just hire people to do the work for you...

Liquor stores and apartment buildings are great. People need a corner store and a lot more people need a place to live
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Unread 5 years agoclass of '04 - away - #13
brooklonsfinest  space
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on a serious note from a person studying econ and finance on a grad level: municipal bonds that will pay you a nice interest rate. Municipal bonds hardly default.
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Unread 5 years agoclass of '10 - away - #14
coolb07  space
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i'd probably put a mil in real estate, its a buyers market now. i'd probably put a mill into diffrent cds and savings bonds, etc. then i'd put a mil into different businesses, alternative fuel, food service, etc. thats just my 2 centz worth
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Unread 5 years agoclass of '06 - on now - #15
NickTheQuiznick  space
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id personally invest in real estate. buy a commercial property (warehouse) rent it out...
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Unread 5 years agoclass of '04 - away - #16
hockeythug 63 heat pts63 space
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Gotta pick a date you want to become financial independent and save/invest accordingly. Invest in things that will produce a constant cash flow and compound interest will take over.

Last edited by hockeythug; 06-06-2010 at 02:11 PM..
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Unread 5 years agoclass of '05 - away - #17
carden2 10 heat pts10 space
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i don't think i'd do much of anything. i'd probably build a better garage and buy a truck and call it a day. other then that just let that s**t sit in the bank.
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Unread 5 years agoclass of '05 - away - #18
d_ville5  space
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real estate, it gives you the most flexibility. either you can manage ur properties, or have a company do it, but either way, it's liquid enough where u won't take a loss.

and you can do rentals, and rent goes up annually anyway, and if u sec 8 it that's even better b/c it guaranteed money.
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Unread 5 years agoclass of '04 - away - #19
hockeythug 63 heat pts63 space
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d_ville5 said:
but either way, it's liquid enough where u won't take a loss.
It is liquid in a sense, but you could take a loss if you had to sell it in a market down turn for a loss. Real estate isn't as simple as buying a property and selling for a profit in two weeks. You are not guaranteed a profit.

Last edited by hockeythug; 06-06-2010 at 10:57 PM..
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Unread 5 years agoclass of '08 - on now - #20
CarmeloStarks 87 heat pts87 space
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i would of prolly invest in a few fast food chains and put the rest into some real estate
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