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


 If you had $3,000,000 what would you do with it to prolong the value of it?
topic by I'm The Dan - 05-30-2010, 04:47 PM - Boxden > The Money Spot (finance/careers)


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?"


 05-30-2010, 04:52 PMaway - #2
marcusaka50 32 heat pts32

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i wouldn't be on bx
 05-30-2010, 04:55 PMaway - #3
dasill 5 heat pts

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why are all these if u had this and that threads popping up
 05-30-2010, 05:07 PMaway - #4
I'm The Dan 5 heat pts

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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.
 05-30-2010, 05:43 PMaway - #5
o7media 12 heat pts12

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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).
 05-30-2010, 05:52 PMaway - #6
Solidus 

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open an mCdonalds or a cineplex

best money generators
 05-30-2010, 07:49 PMaway - #7
Kuchiki_Byakuya 10 heat pts10

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I'd buy Boxden and hire Ronnie as a mod.
 05-30-2010, 07:50 PMaway - #8
I'm The Dan 5 heat pts

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what about real estate? you can buy cheap now and sale high later.
 05-30-2010, 07:55 PMaway - #9
TheIncomparable 

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Originally Posted by I'm The Dan
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..
 05-30-2010, 07:56 PMaway - #10
TheIncomparable 

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Originally Posted by I'm The Dan
what about real estate? you can buy cheap now and sale high later.
real estate is also another option
 05-30-2010, 07:59 PMaway - #11
TheIncomparable 

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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
 05-30-2010, 10:32 PMaway - #12
Machiavelli 405 heat pts405

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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
 05-31-2010, 07:20 AMaway - #13
brooklonsfinest 

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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.
 06-06-2010, 12:15 PMaway - #14
coolb07 

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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
 06-06-2010, 12:32 PMaway - #15
NickTheQuiznick 

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id personally invest in real estate. buy a commercial property (warehouse) rent it out...
 06-06-2010, 02:08 PMaway - #16
hockeythug 53 heat pts53

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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..
 06-06-2010, 05:09 PMaway - #17
carden2 10 heat pts10

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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 #### sit in the bank.
 06-06-2010, 05:12 PMaway - #18
d_ville5 

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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.
 06-06-2010, 10:50 PMaway - #19
hockeythug 53 heat pts53

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Originally Posted by d_ville5
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..
 06-07-2010, 12:17 AMaway - #20
CarmeloStarks 87 heat pts87

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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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