Bitcoins ;)

Where I live a million could buy me probably 6 decent 3 bedroom style homes and leave me enough money to do any renovations I would need on them to make them nice. Houses like that rent for around $1000-$1200 per month depending on location and the house. At that rate I would collect around $6-7.2K per month in rental income forever. Sure, there would be expenseses and potential upkeep and dealing with renters, but there are ways to work towards making sure that you limit your exposure on that stuff.

Sit on the property for several years and let it slowly regain its value and then decide what I want to do with it.

Probably real estate...

buy or build a LARGE 10,000 sq foot house and open a swing club on weekends. Not as a business, but as a private residence. Donations at the door. No govn't agencies up your ass, it's a house party. much like the red rooster in vegas or other like it. Then piles of free content would be available just a matter of talking to people as they come to party, plus donations are cash - untraceable - tax free income. People see more and more free porn and more and more want to do it, swinging is growing like crazy, and for someone like you in the scene it would be easy to do. Just run fri and sat night only. you'd clear 200K tax free a year with little work 2 nights a week meeting people in the lifestyle you like to live already

Office units, rental homes!

do as other billioners do and buy MNHVF.PK, around 15 percent net yield to current price. Main company owner is multibillioner and the wealthiest norwegian guy J.Frederiksen, he even recently had few insider buys too.

coming from you jake I know this a serious question.....

Real estate....definitly...all the really rich fuckers are in real estate...

buy real estate in a good location

Call it Herpes House! :winkwink:

At least it won't take 20 years to pay for itself like real estate.

real estate...there are so many undervalued places around now
and if i remember correctly you can do some renovations yourself...so you can save money there

Gayish..

Id probably split it three ways:

Gold (gold is better than currency for at least next 2 -3 yrs)
Real Estate
A few decent yielding oil stocks

The dood that mentioned the dividend oil stocks is right. For instance, right now you can pick up shares in Total, major diversified, integrated oil and alternative energy company, yielding over 5%.

Was about to suggest the same thing :thumbsup

High risk high return? currency trading, it's like gambling but legal.

Else buy real estate, bank owned and higher your own handy man, become a scum lord and make your money on fees

It's about what you know and what you can do with it.
Just because person A will invest the mil in adult or mainstream doesn't mean you can invest it the same way and make the same profit.
I would personally invest it in adult, but maybe if I knew more about mainstream I might have chosen differently.

Buy 3 bedroom 2 bath homes and rent them out. They are on fire sale in most of the US right now.

Look for a solid mainstream internet business that may be looking for angel investors. Particularly one that doesn't just have the idea, but has already done most of the work and is looking for marketing capital....

I happen to know of one currently...feel free to hit me up and I can shed some light.

How many people on GFY their relator's licences?

Cocaine sells itself. Just dealing in bulk so you don't have to come into contact with the end-user twunts.

that's great advice...

no wonder you are broke and based on this comment i am surprised you are not in jail as well... :2 cents:

idiot...





.

I had one in NY for several years but let it expire.

As for the $1MM, I would do something like this:

1. - $332M

Buy 1000 shares of AAPL and sell covered calls on it every month. It's $332 today and there have already been over 14,000 calls with a $340 strike/July 16th expiry that been traded this morning with an average price of about $6.60 per contract ($660). That's a little less than 2%. Using a low estimate of 1.5%, 1000 shares of AAPL ($332M) could bring in over $6000 of monthly income.

http://www.google.com/finance/option...?q=NASDAQ:AAPL

2. - $193M

Do the same with 4000 shares of EEM, an emerging market ETF. I've been doing this for over a year or so with many, many less shares and get about 1.5-2% per month. Getting 1.5% on 4000 shares is over $2500 in monthly income. I chose EEM simply because it's the emerging market ETF which has the lowest % of holdings allocated towards socialist countries.

http://us.ishares.com/product_info/f...erview/EEM.htm

3. - $250M

Buy about $500M worth of condos in Playa del Carmen, Croatia, and a cool city in France that's not as expensive as Paris. Maybe Lyon. Put a total of around 30-40% down, furnish them for about $50M, and use the covered call income to pay the mortgage and maintenance fees every month.

4. - $50M

Upgrade wardrobe

5. - $25M

Laptops. Maybe a nice digital camera. Other electronic stuff.

5. - $25M

Book a flight to LA, reserve a suite at the Chateau Marmont for one week, go to Eros.com, and set up appointments with 5 different porn stars.

6. - $50M

Go on a 6 or so month trip around the world, focus on places that I normally wouldn't consider visiting, and try to do it on a budget by staying at cheap places where it would be more likely to meet fellow travelers and other interesting people. Maybe go to Goa in India. Definitely try to hit Machu Picchu in Peru. Beirut. Maybe some random Asian countries. Basically just keep my options open.

7. - $25M

Book a flight to LA, reserve a suite at the Chateau Marmont for one week, go to Eros.com, and set up appointments with 5 different porn stars.

8. - $50K

After doing an exhaustive amount of research, give $50M to a charity who not only has a cause which I feel is worthwhile, but has proven to be both efficient and effective in working towards their cause.

i would invest in gambling

state owned tax liens

guaranteed by the state. They collect and pay you directly.

texas is 25%

Buy 650 ounces of gold...

buying gold is the current buy signal for today. i cant figure out the stable buys in any stock market anywhere on the globe right now. a market will climb then crash. all speculation. gold will grow until this depression is settled. and even then, it will level off higher than it is today.

fuck $1m. if u have $1.000, buy gold right now. get your ass off the sofa and go buy a bar.
/:2 cents:

Definitely some things to research in this thread. Keep 'em coming!

Agreed... I have never even heard of hard money being that low.. twelve.. But the guys who know how to find and execute deals where they come in under sixty aren't going to pay a fortune, and if they do, they won't have to for long

I just mean that the HMLs will be more competing for him than than he will be begging for their money

But I guess some do still prefer to not use their own cash even after they've made quite a bit, anyway..

Well, just putting it into something and collecting 50k for life isn't really the best thing if you mean that you want it to be your living money. If you mean you'd put it into something, collect the 50k and reinvest half of it indefinitely - that's a plan

You're as much of a hopeless disaster waiting to happen as you ever have been, but, you spell a little better than you use to.

That is a great idea. . but I have heard that in most areas, you have to be first in line and you have to know someone..

I agree with everyone who keeps talking about real estate. But again, you have to know what you're doing. Real Estate looks real simple. . . and people like (the one guy who posted I won't name) rush in and sink a pile of their own and other peoples money into "can't lose projects" and come out with nothing

You HAVE TO do your homework.

Do the payday/title loan store. Listening to me always pays off for anyone who does it. Always. But my new rule as of last month is that if you make money on my ideas you owe me 10%

I'm like Uncle Sam but I am Uncle Fred

:1orglaugh

cams / mobile :D

It's not too good to be true. The problem is a lot of people are not liquid enough to get in. I know of one guy in the Baltimore area, a retired doctor, who now has $18 million in cash floating around the area at any given time. He started with nowhere near that amount.

I'd imagine your best bet -- if they still exist these days -- would be to hit up the more reputable weekly real estate investment clubs in the area.

Before the crash there were a lot of investment property resellers (the guys who fill out the contract to buy with the hopes of assigning it before closing). They've probably mostly dried up, but if you can find a good sized reseller, he'd be a great resource as he needs to get other investors funded in order to unload the properties he was not able to assign and does not want to renovate himself.

The important thing is making sure you understand the market so that you do not do deals where you potentially get fucked on the LTV. You also want to make sure you'd be lending to people that have demonstrated experience renovating and reselling investment properties. You don't want a newb who decides its over his head because then you have a non-performing asset you have to tend to yourself.

After awhile you'll find some people that you're comfortable doing longer term deals on (say section 8 buy and hold for 5 years) where they'll happily give you say 10-12% because the deal allows for it and it doesn't freeze up their own cash or borrowing ability.

Just look into state regulations about lending. You may have to register as a private lender and do what's required of that.

What if he's in a state that forbids that type of lending? What do you recommend?

Every pay day store I've looked at that is for sale typically as a net cash flow of $200k a year. Hardly impressive considering all of the work involved.

It's best to not talk about things you do not understand.

I sold to these guys for years and introduced them to the private lenders. Nobody laughed.

Some HML's will eliminate points and drops a few % on repeat, established guys, but its surprising how many don't even ask for that special treatment.

(I was an REO agent in prior life)

Please use the $1mil to drive a penny stock up ~300% Make sure you tell me which one before you do It ;)

Interesting thread... lots of thousandairs trying to give millionaire advice.

Put it in an Interactive Brokers account.
They will give you a margin account at 1.3% and loan you $1M per $200k of your money.
So $1M of your cash gives you access to trade $6M in your account.

Buy dividend paying stocks >5% that are large cap and still growing.
You will get stock appreciation plus dividends.
It will only cost 1.3% for the money you have borrowed.

This is a low risk way to put your money to work.

I have more high risk / high reward strategies also :)

If you would like to discuss some real world scenarios, hit me up privately.
webmaster at howigotrich.com

Name some of these recommended dividend paying stocks please