What should i do with $1million?

Discussion in 'General Chat' started by soccerllolly, Feb 20, 2010.

  1. #1
    My uncle won $16 million about 2 weeks ago and he promissed me 1 million out of it. I wanted advice on what should i do with the money. cause i know nothing about business... and im a girl by the way! if that matters...:)
     
    soccerllolly, Feb 20, 2010 IP
  2. CenTu

    CenTu Member

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    #2
    I think you should put most of the money in the bank ... use the rest to make your own business . Invest ..but invest wisely and you could see your fortune growing up :) And you could send me 0,1 % for the tip ..lol

    You lucky llolly :)
     
    CenTu, Feb 20, 2010 IP
  3. omarabid

    omarabid Well-Known Member

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    #3
    hmm, first he needs to be in his promise to give you the million.

    I'll suggest investing it in markets and saving a part in the bank. You'll need them later, when you learn how to build a business. Don't forget to give a little to the poor and the home-less
     
    omarabid, Feb 20, 2010 IP
  4. bob50963

    bob50963 Peon

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    #4
    In a few months you should purchase $500,000 in silver. Purchase it around $9 an oz. After about 6 months it should go back up to $20 an oz. You will double your money in one years time! Anyways for the last 3 years silver prices have gone from $8-20 an oz. The price changes about every 6-8 months. You could also give me $50,000 to start up my own shop and I would pay you back with interest. I am also looking for a sugar momma :p
     
    bob50963, Feb 20, 2010 IP
  5. omarabid

    omarabid Well-Known Member

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    #5
    @bob50963

    it depends on the market, what if the price fell?
     
    omarabid, Feb 20, 2010 IP
  6. bob50963

    bob50963 Peon

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    #6
    That is why I mentioned the pricing for the last 3 years. Of course it can change. Will it? I doubt it. I think we have about 2 more years to cash in on silver :D

    She has a chance of loosing money with almost any method she chooses to invest her money in, including being a sugar momma;).
     
    bob50963, Feb 20, 2010 IP
  7. fancymouj

    fancymouj Peon

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    #7
    Wanna friendship with me ..:D .. i have some good ideas but i would like to share with only close friends ..:p
     
    fancymouj, Feb 20, 2010 IP
  8. musichangout.com

    musichangout.com Well-Known Member

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    #8
    Give me $10,000 so that i can share some great ideas with you .:D
     
    musichangout.com, Feb 20, 2010 IP
  9. 5starpix

    5starpix Notable Member

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    #9
    Damn, what a lucky guy. Buy a nice home and car and then invest the rest.
     
    5starpix, Feb 20, 2010 IP
  10. Bohra

    Bohra Prominent Member

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    #10
    Buy 1 - 2 high traffic site which you can manage and keep living at home and work on the net
     
    Bohra, Feb 20, 2010 IP
  11. samser_m

    samser_m Well-Known Member

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    #11
    oh.. great!

    If I would be in your place, I could plan for a business investment what I know, to secure future send some fund to bank, few tours and obviously a portion for charity among those people who makes me sad, may be poor child educations or food or anything.

    But, first get the fund! otherwise this post will go in vain too.. :)
     
    samser_m, Feb 20, 2010 IP
  12. mreb1010

    mreb1010 Peon

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    #12
    Right now is a great time to invest in real estate. House prices are at rock bottom and you can get some great deals from foreclosures and shortsales. Also, you should invest some in Certificate's of Deposit (not as risky as stock market and FDIC insured) so you are assured a ROI. and of course, invest some in stock market also
     
    mreb1010, Feb 20, 2010 IP
  13. insert

    insert Peon

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    #13
    bet it all on one number in roulette :/
     
    insert, Feb 20, 2010 IP
  14. jackfletcher

    jackfletcher Member

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    #14
    you can buy a lot of pancakes!
     
    jackfletcher, Feb 20, 2010 IP
  15. Anday

    Anday Peon

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    #15
    invest is a must, do not leave all money in the bank since you are young.
    you should learn to make money with the $1 million,
    consult others, but make up your minds.
     
    Anday, Feb 20, 2010 IP
  16. web_hunk

    web_hunk Peon

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    #16
    Spend some of the money fulfilling your wishlist. Invest some in bank or other kind of risk-free investment as you don't have much knowledge about business.
     
    web_hunk, Feb 21, 2010 IP
  17. dilipsam

    dilipsam Well-Known Member

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    #17
    Open a franchise restaurant in a busy location. Yeah please save it, do not squander it with friends, have guidance from an old person or your father or mother at least nearby you when you signing business agreements.

    Easy money goes away easily. So be doubly cautious!

    Do not let the money sleep idle by being a miser or do not go on a spending spree. Either way you are bound to get screwed if you jump to these two extremes.

    Give a portion of the money reaped through investments to the poor or give to organizations that help the poor. Again giving alone doesn't give satisfaction your presence among them is required so that you get to know what good your money is doing.

    If you can't give money to charity at least help a good friend now and then.
     
    dilipsam, Feb 21, 2010 IP
  18. krolbiz

    krolbiz Peon

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    #18
    You need to buy a house, car & invest it to reputable business as well. BTW, don't forget to buy me though.. :)
     
    krolbiz, Feb 21, 2010 IP
  19. Mega B

    Mega B Well-Known Member

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    #19
    I could be wrong on this one but i think this has all the hallmarks of a windup as it does seem to a bit far fetched !!!
     
    Mega B, Feb 21, 2010 IP
  20. soccerllolly

    soccerllolly Peon

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    #20
    But i dont want to lose money on it
     
    soccerllolly, Feb 21, 2010 IP