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If I had a million dollars, I would spread it everywhere and not immediately blow it all at once. First things first, pay off any debt's that you owe, any credit cards, loans, car payments etc, make sure you don't owe anything. If you know exactly where you are going to be living for an extended amount of time, buy a house. If not, wait until you know where you will settle down for a while. If you don't already have a car, might want to look into buying one (you could get something a lil nice, like a BMW or Benz and still be financially fine). Now with the actual investments, I would put a majority of it into stocks. If you have the time and understanding, investing in individual stocks over a long period of time yield really high value. Make sure your portfolio is balanced and diversified. If you don't have much confidence picking stocks, pick some ETF's. Mutual funds are also a good idea if you have no clue about stocks or have the time for them. The rest of your investments should be in real estate, which is amazingly cheap right now. There's good bargains everywhere for real estate so just find them. You can either buy and sell(wouldn't recommend unless you sell in long-term). Or you can rent the house to someone and have a steady source of income, granted you will have to take care of the house and fix anything that breaks when the tenant is in your house. Now I would set aside a portion of the money on cash for any unforeseeable events and emergencies. With the money left over, you can put some if it into low-risk bonds, CD's, savings account, or money market account. This income will be steady, safe, and guaranteed, so your returns won't be that great.

At the end of the day, I would not drastically change my daily life. A million dollars goes by pretty fast actually.

Agree with sho. Don't know if you want the hassle of dealing with real estate at age 19 though. And keep in mind the final point. A million dollars is not going to last you long enough for you to live in huge luxury for the rest of your life.

Also, don't count your chickens until they hatch.

Thanks for the good post. I'll take this time to mention that blowing all of it within a short period is out of the question, I am most definitely looking to invest, whether it be in real estate, stocks, mutual funds, bonds, etc. I'll pose another question for anyone to answer if they wish: what specific stocks would you buy? Any up and coming companies that seem promising?

hfswjeursjfdy: yeah of course. and it is a little bit premature for me to make plans, which is why I'm posing this thread as more of a 'what would you do with 1 million dollars' kind of thing. but, I am pretty sure things will turn out in my favor, we have the largest asbestos law firm hired and they guaranteed us at least a 15 million dollar sum. My grandfather worked on over a dozen asbestos-ridden sites over 20 years, and they've already put together a list of 42 asbestos supplying companies to sue. There was a similar case in 2007 where the family of another navy man who worked on a shipyard won 53 million dollars because he had mesothelioma, and his lawyer only sued 32 companies. We also have a very in-depth report from a panel of doctors working for the military which basically said the sole cause of death was lung cancer which developed because and ONLY because of asbestos exposure.

Boats and ho's

Invest it.

Even putting it in the bank and forgetting about it will net you $25,000 a year.

I have no interesting in investing, so I'd probably just keep doing exactly what I'm doing for a while. I'd pay what I owe to the Ontario government/my parents, put like four-fifths of it away, then keep going to school without money as an object (no living expenses, better food, eating at restaurants more, buying music and books often, parties, trips, etc.). I'd probably give some of friends a bit of money too if I didn't think they'd be offended.

I've probably throw a couple of thou to everyone on wcom, actually. 8-)

The Australian Dream: owning your own house.
Save/invest the rest of the money.

As for stock investment, even though I have extremely limited experience, I think it is important to keep your head. Don't think that you are smarter than everyone else. If some investment looks too good to be true, then... you know the rest. If you're really interested, read up on some Buffet/Graham books. You'll notice they emphasize long-term steady growth.

i'd first take care of all my needs. ie. pay any outstanding debts, buy a home and then invest the rest wisely with a bit left around for spending.. wisely. $1MM is a lot but you can waste it quickly very easily too.

Copypasta'd from Blaze:Invest it.

Even putting it in the bank and forgetting about it will net you $25,000 a year.

i have invested some of my money and it's not even in the vicinity of 1M$ and i am already pleased with the profit from it..

plus , buying a house is overrated, (maybe buy-and-rent), save it until you'll have a family (which i'll guess will take a couple of years) and then buy your dream-house.. buying a house now you might make a wrong decision (you won't believe how many can you make, take it from me) which will result in you nedding to buy a new house spending more money, and in the realestate market 1M isn't much , not here in Israel at least..

Don't buy a house. Don't fucking buy it at 19 anyway. That house and your money will disappear fast. You can pay for the whole house? Sure. Will you pay for all of those stupid ass utilities for long as a college student? Fuck no. Put a little bit of it for college down if you need to. They will most likely try to throw your money into a couple of annuities which grow with a fix interested rate over time. 40k a year will eventually add up and be safer than hardcore stock investments because eventually over the years the interest will add up to where you could live comfortably and when you get fucked up in somewhere you have some emergency money to use if you lose your job or some stupid bullshit like that.

Copypasta'd from RaptorJesus:Don't buy a house. Don't fucking buy it at 19 anyway. That house and your money will disappear fast. You can pay for the whole house? Sure. Will you pay for all of those stupid ass utilities for long as a college student? Fuck no. Put a little bit of it for college down if you need to. They will most likely try to throw your money into a couple of annuities which grow with a fix interested rate over time. 40k a year will eventually add up and be safer than hardcore stock investments because eventually over the years the interest will add up to where you could live comfortably and when you get fucked up in somewhere you have some emergency money to use if you lose your job or some stupid bullshit like that.

that's it..

I will require sum payment for my stock picks. Send cash or check to...

I saw a commercial about this on tv this week, some agency calling out to patients with cancer related to asbestos.
You're pretty fucking lucky, bro.

"But my grandpa died"
Who gives a shit, you're a millionaire.
"You're insensitive"
Stfu.

You know my address, now send me a 50,000$ check.

Become a garbage man.

Think about the stories man, the millionaire garbage man.

E:

Copypasta'd from fusi0n:Boats and ho's

More on topic than fusi0n. We missed you Caz.

Caz can now fulfil my dream and invite us all someplace where we can have a huge party. Just a thought.

Yeah Caz is the first one to $1M. I'm pretty sure we all agreed the first person to get there would use it to throw a huge WCOM party. Don't let us down Caz. You can host it in your new house lol..

After talking to the lawyers more, I'm almost certain I'll be receiving somewhere between 1,000,000 and 2,000,000. If it all goes according to plan, I'll throw a fabulous party or something

But what you should do is bank it. Get a job that you like, dont go hunting for the best paying one, just find what you like. Sit there with youre ass in a chair and live of the interest and what little you get for working at youre awesome job.

If I decide to 'live off interest' it would be pretty difficult since the interest would amount to about $40,000 a year and inflation is rising at the same rate. In other words, my banked money is not growing because I'm using the interest as living expenses, and it's actually shrinking because of inflation. I'm pretty much forced to eventually (in a couple of years or so) turn my $ into 'wealth'. that is, real estate, land, stocks, etc. I'm 19, I can definitely deal with 40k a year and not having to work, but it won't cut it later on in life.

Build a fallout shelter. A house underground built to Military Bunker Spec's. Line it all with about three feet of lead. Have a water purification system and a greenhouse, to provide oxygen and food. A full ventilation system for air flow and the likes.

This is all after youve invested and made around 50 million that is.

don't do anything stupid like sand niggering out and buying solid gold rolls royces.

Copypasta'd from Caz:If I decide to 'live off interest' it would be pretty difficult since the interest would amount to about $40,000 a year and inflation is rising at the same rate. In other words, my banked money is not growing because I'm using the interest as living expenses, and it's actually shrinking because of inflation. I'm pretty much forced to eventually (in a couple of years or so) turn my $ into 'wealth'. that is, real estate, land, stocks, etc. I'm 19, I can definitely deal with 40k a year and not having to work, but it won't cut it later on in life.

That's what I was sort of saying (even if it wasn't that comprehensible). You'll still need to find a job and work for income, unless you take up investing as your full time job (risky). This money just means you have more opportunities in life, and you can maybe find working doing something you really enjoy rather than working to pay the bills.

up until his last post, 3 ball was doing ok in this thread!
I have no advice, apart from live your life as normally as possible, with the odd investment here and there. I don't know about you but I wouldn't want to be 10 or 20 years down the line thinking "if I hadn't got that money, would I have pushed myself harder, onto better things?", by which I mean don't sit too comfortably and ignore your existing short and long term goals.

On a related note, one of my friends works for an insurance company who basically have to answer calls about this exact scenario, but the majority of men now dieing from cancer signed a release form back in the 70's that gave them £100, but waived their right to any action against harm caused by asbestos. Not knowing the risk, they all signed, got their hundred quid and now their grown-up children are wondering why their insurance companies won't pay their life insurance or anything. He said it's the most soul crushing thing he's ever had to do.

Well i was being completly serious. Build a fallout shelter. I would. I really would.

if a nuclear war ever took place, the living would envy the dead.

Getting back on topic from the "nuclear war" discussion here, I really like the idea of finding a job you like while investing/using the million as money to fall back on.

Personally I'd probably buy 10 guitars and a nice Marshall amp, but I'm ridiculously bad with money.

tldr. Wheres 3ball, post something horrid so Caz gets made and logs in as parrot to see our response.

First off, i want to say these posts were posted upon request. All material hereby judged unfit by viewers is the responsibly of the requester.



http://askaurinal.com/wp-content/uploads/2009/06/giant-rat-penis.jpeg>censored. Don't post anything of this sort, next time I'll delete your posts outright. Meow.

If that doesnt do it, heres this

http://nursemyra.files.wordpress.com/2009/02/elephantitis-of-penis-and-scrotum.jpg>censored. Don't post anything of this sort, next time I'll delete your posts outright. Meow.

jesus fucking christ. can you please just fucking die or get banned already? can a mod please delete these fucking worthless posts, and ps I have never in my eternity of being a member of these forums made a fake account acting like another member. it's not fun at all. i'm out again, go fuck yourself 3ball

This is why we can't have nice things.

SIGH

calling for a vote of no confidence in cat. he's too chummy to the shit members.
if he doesn't ban 3ball we need someone who will.

Hear Hear!

We don't just ban people on a whim, first we agree on it together. Censoring posts however is easier.

just delete the penises.

we have mods?

Copypasta'd from R.A.T. Army:tldr. Wheres 3ball, post something horrid so Caz gets made and logs in as parrot to see our response.

My job is complete. I am content.

posting dicks in a non nsfw thread ALL THE FUCKING TIME was definitely grounds for banning. you mods are just fucking terrible, I don't even know why you are one cat.

I was banned for a week on dhost because I made 10 private message threads to the same person, but 3ball can post the most retarded shit all the fucking time and get away with it. i'm absolutely done here, this website is pathetic

I hope you are better with money than you are with your temper...

caz

And I need you now tonight
And I need you more than ever
And if you'll only hold me tight
We'll be holding on forever
And we'll only be making it right
Cause we'll never be wrong together
We can take it to the end of the line
Your love is like a shadow on me all of the time
I don't know what to do and I'm always in the dark
We're living in a powder keg and giving off sparks
I really need you tonight
Forever's gonna start tonight
Forever's gonna start tonight

Copypasta'd from Caz:posting dicks in a non nsfw thread ALL THE FUCKING TIME was definitely grounds for banning. you mods are just fucking terrible, I don't even know why you are one cat.

I was banned for a week on dhost because I made 10 private message threads to the same person, but 3ball can post the most retarded shit all the fucking time and get away with it. i'm absolutely done here, this website is pathetic

So many complaints. Didn't you quit?

Are 13yr olds allowed to have that much money?

Caz needs to post in my temper thread.

Copypasta'd from The Cheshire Cat:We don't just ban people on a whim, first we agree on it together. Censoring posts however is easier.

bullshit. I'm totally with caz on this. the forum is in such a shitty state right now, and none of the mods or admins (that's like who, you and blaze?) are doing anything about it. Granted, I'm not brassed off enough to leave the site, but it IS shit and you can't deny it.
And all this after we had a thread about getting new members because of SC2, they're never going to stay if they turn up when 3ball is active.
Get your fucking act together mods.

/rage

RAT army you can't say shit, for the longest time you were the single worst member in wcom history. even after reaching puberty and coming back to dhost, all you did was make a new thread for each individual news article. it really pisses me off to see you noobs who have posted on dhost for a couple of months think that you guys are an integral part of this community. you're just the stupid fuckers who would have been banned in an instant years ago, but luckily for you nobody cares to censor your idiocy anymore. you better hope I never get mod powers again

3ball is really un-necessary. I think most of us check this forum when on break at work and 3balls constant army of dicks makes visiting here a liability. 3ball is just not a pleasant part of the experience. Slap him with a 2 or 3 week ban plz.

Fox: you can stop the 3ball account now. We did it! We finally got rid of that fucker! Caz ain't coming back baby, woooooooooooo!!!!

its me. im the mod in the op