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Old 02-20-2012, 01:20 PM
 
Location: Wilkinsburg
1,661 posts, read 2,231,995 times
Reputation: 983

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10 or 20 Million? I'd launch a hostile takeover of a community bank, demand a board seat, fire all the employees, and sell off the various assets for my express personal gain, a la Gordon Gekko.

No, actually, I wouldn't do any that. After giving a portion to my family and various charitable causes, I'd probably save a small nest egg for retirement, and use the rest to acquire and run a portfolio of small businesses.

. . . after paying off some student loans and taking a long vacation in Southern Baja.

Last edited by ML North; 02-20-2012 at 01:34 PM..
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Old 02-21-2012, 02:16 PM
 
Location: The Land of Reason
13,292 posts, read 9,856,164 times
Reputation: 3525
Rent a few lobbyist/politicians and try to make America more middle class friendlier
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Old 02-21-2012, 02:19 PM
 
Location: in my mind
4,523 posts, read 5,825,206 times
Reputation: 8939
The very first thing I would do is buy a white Cadillac.

I've always wanted one.
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Old 02-22-2012, 05:51 AM
 
11,609 posts, read 13,863,559 times
Reputation: 7080
If employed, finish my assignment then quit. If unemployed, call every recruiter tell them I'm no longer in the market, here's why. Give money to certain family members, but no loans. Don't go into business, too much risk of losing everything. Buy a Tesla and vow never to buy a drop of gasoline the rest of my life. Travel many places, but fly commercial.
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Old 02-22-2012, 10:17 AM
 
Location: NC
10,009 posts, read 8,524,600 times
Reputation: 3060
Pay off my student loans, put a fair amount into a portfolio that has stable dividend paying stock, put some in T-Bills and other low risk assets, expand the family real estate holding business if I could convince some of my relatives to go along with it, probably buy a nice small house somewhere, help out my folks, and do pro-bono work full time.
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Old 02-22-2012, 10:01 PM
 
Location: Houston, TX
17,032 posts, read 25,539,935 times
Reputation: 16151
Tough question. 20 million.

Two million would go to a variety of charities.

I might spend 2 million on a nice house in Houston.

5 million on T-Bills and Muni Bonds
5 million in high dividend stocks...consumer staples PG, utilities SO, pipelines KMP, conglomerates MMM.

I'd take a trip but that would only be 50k, the rest I'd save.
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Old 02-23-2012, 01:13 AM
 
Location: Philippines
1 posts, read 812 times
Reputation: 11
I will buy a mac book and an Ipad 2! The rest will be decided by my parents.
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Old 02-23-2012, 10:35 AM
 
Location: Grand Rapids, Michigan
1,930 posts, read 3,227,431 times
Reputation: 1848
1. Pay off all my school bills
2. Give a nice chunk to my church
3. Buy a nice farm house with 10+ acres put up a nice pole barn and equip it for working and storing cars
4. Buy some of those cars cars that I always wanted.
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Old 02-23-2012, 10:50 AM
 
Location: Nebraska
4,203 posts, read 6,816,624 times
Reputation: 6525
I have a list of inventions I have thought of during the past forty years. I would hire a team of people to make and test prototypes of every one of them. That would take care of about $20 million.
GL2
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Old 02-23-2012, 01:20 PM
 
Location: Censorshipville...
2,443 posts, read 5,850,712 times
Reputation: 1230
I'm planning on winning the Mega Millions this Friday so I'll let you all know then...
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