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34 MILLION - What would YOU do with it?
34 MILLION BUCKS
With this being thrown at someone recently I would be interested to know what others would do with a windfall like that after having taken care of the family. Would you buy a bunch of PEB shares very slowly, donate to charity, drink the lot, start a cult, chuck it in the bank or buy your own island complete with flamingoes.
Just for a bit of speculative fun put your wish list to print as to how you might handle it all, you never know it might come in handy.
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Repaint my yacht.
http://www.nzherald.co.nz/business/n...ectid=11134415
"...includes $29 million to repair the paint..."
Last edited by Dej; 08-10-2013 at 07:53 PM.
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Then buy NTL.
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Originally Posted by Dej
Rather reminds me of the British Dreadnought in WW1. The boat I mean.
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Originally Posted by Dej
Then buy NTL.
You wont have enough after painting your boat.
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First fix up the family with appropriate housing so they dont have to struggle.
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I would repay my parents for everything they have done for me, then set off and try some of the many business ideas I have that are impossible to start without a certain amount of initial capital. I would then go on to invest in other people like myself who have an idea and no way to fund it, such as family and friends. Then may have a holiday, nice house etc all the usual stuff.
Theres a more serious answer for you miner.
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I would give $100,000 each to 20 share traders and start a competition between them. I would want 50% of the gains made by each one.The losses would be ignored.
Now for the rest, a mere $32,000,000, I would simply give away, somehow, to good causes. Plenty of those.
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Originally Posted by 777
I would give $100,000 each to 20 share traders and start a competition between them. I would want 50% of the gains made by each one.The losses would be ignored.
Now for the rest, a mere $32,000,000, I would simply give away, somehow, to good causes. Plenty of those.
I agree with the "somehow", it would be an exercise and a half trying to be fair and equitable to all. Would require the Wisdom of Solomon.
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I'd divide it into a few pots
1m. Family money (to help out the familly - not too much as they still need to be self sufficient and they are pretty much already there anyway)
5m. safe money (bonds, TD, cash - for basic income)
1m. Play money (for toys/travel)
5m. Learner Money (to increase skills before I take control of it all - if I so choose)
15m. Professional Money ( to look after till I have the skills)
5m. Pay if forward (angel type investment to local businesses)
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