Let's say you had $1.5 million in an account... - New 2009 2010 BMW Z4

mpower4life · 06-16-2012, 05:03 PM

deleted

jphughan · 06-16-2012, 05:04 PM

See the thread about the guy who won the lotto. Same advice applies.

Seriously, with that kind of cash sitting in an account, you should be talking to a wealth management specialist.

HeartMD · 06-16-2012, 05:09 PM

Quote:

Originally Posted by jphughan

See the thread about the guy who won the lotto. Same advice applies.

Seriously, with that kind of cash sitting in an account, you should be talking to a wealth management specialist.

+1

M3Denver · 06-16-2012, 05:31 PM

buy property, or develop property on the cheap.
stash the rest in and offshore account that gives between 8-10% interest. Start a small business, incorporate, have your employers hire you through your business, lower your tax rate by about 15 - 20%.
sit back and collect checks for 10 years and stash as much as you can.
Prep for early retirement.

duk · 06-16-2012, 06:03 PM

invest overseas some countries have 10-15% interest rates

KIS · 06-16-2012, 06:15 PM

Give $150,000 to a worthy charity and conservatively invest the rest which should yield approximately 6% after tax.

X2Board · 06-16-2012, 06:26 PM

Quote:

Originally Posted by KIS

Give $150,000 to a worthy charity.

IFX · 06-16-2012, 06:27 PM

Quote:

Originally Posted by duk

invest overseas some countries have 10-15% interest rates

really? I honesty don't know much about it, I guess I will have to look into it a bit more.

kscarrol · 06-16-2012, 06:51 PM

Quote:

Originally Posted by IFX

really? I honesty don't know much about it, I guess I will have to look into it a bit more.

Yes if you want to dabble in Greek or other equally risky debt... Buying bonds does not ensure you don't lose your principal.

Darth One · 06-16-2012, 07:14 PM

two chicks at the same time

ksoze · 06-16-2012, 07:18 PM

I just want to say one word to you. Just one word. Plastics

Slapshot9 · 06-16-2012, 07:35 PM

Sweet home with a four car garage and a lift. GT2 RS, enclosed trailer with one of those cool dualie truck with the low profile semi rims/tires. 2013 M5 to drive to work.

MDyDinanM · 06-16-2012, 07:56 PM

This thread belongs in the off-topic section

Arben72 · 06-16-2012, 08:31 PM

Spend 10% on fun things and the rest on rental properties.

rjd598 · 06-16-2012, 08:41 PM

Quote:

Originally Posted by M3Denver

buy property, or develop property on the cheap.
stash the rest in and offshore account that gives between 8-10% interest. Start a small business, incorporate, have your employers hire you through your business, lower your tax rate by about 15 - 20%.
sit back and collect checks for 10 years and stash as much as you can.
Prep for early retirement.

can you elaborate on the being hired through your company by the employers
part

tibra1 · 06-16-2012, 08:43 PM

Quote:

Originally Posted by Darth One

two chicks at the same time

You dont need $1.5 mil for that

quadpipes · 06-16-2012, 08:46 PM

Quote:

Originally Posted by ksoze

I just want to say one word to you. Just one word. Plastics

But Dustin didn't follow that advice. Coo coo ca choo.

jphughan · 06-16-2012, 08:50 PM

Quote:

Originally Posted by rjd598

can you elaborate on the being hired through your company by the employers
part

The suggestion was to start your own company and then get the OP's current employers (i.e. the ones he'd be leaving to start his own company) to then hire him by contracting with the new company he starts. Generally that results in far more income than being a direct employee, and the income has a better tax rate.

BMW Fanatic · 06-16-2012, 08:51 PM

Give it to me. I'll look after it don't you worry about it.

CrusherM3 · 06-16-2012, 08:55 PM

20 person posse...Mansion in Beverly Hills with a pool shaped like my penis.

mamadub · 06-16-2012, 09:33 PM

Quote:

Originally Posted by Arben72

Spend 10% on fun things and the rest on rental properties.

Bingo. Just what I did!

glockperfect · 06-16-2012, 09:39 PM

Quote:

Originally Posted by tibra1

Quote:

Originally Posted by Darth One

two chicks at the same time

You dont need $1.5 mil for that

You do for the type of chicks that would double up on a dude like Darth One

06-16-2012, 05:03 PM	#1
mpower4life Private Drives: E36 Avus Blue M3 / E39 M5 Join Date: Jun 2011 Location: Vancouver, WA Posts: 84 iTrader: (0)	lets just say... deleted __________________ BMW: THE ATHLETE IN A SUIT Last edited by mpower4life; 10-28-2012 at 08:10 PM. Reason: confidentiality
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06-16-2012, 05:04 PM	#2
jphughan Colonel Drives: 2011.75 M3 E92 6MT Join Date: Mar 2011 Location: Austin, TX Posts: 2,152 iTrader: (0)	See the thread about the guy who won the lotto. Same advice applies. Seriously, with that kind of cash sitting in an account, you should be talking to a wealth management specialist. __________________ 11 M3 E92 Le Mans \| Black Nov w/ Alum \| 6MT \| Premium 2 \| Convenience \| 19" \| EDC \| Prem Audio \| Moonroof \| BMW Apps \| Vorshlag Adjustable Camber Plates \| StopTech Street Perf Pads \| Castrol SRF Fluid \| ModMyNav.com rear camera

06-16-2012, 06:03 PM	#5
duk ///M Drives: 2011 AW/FR 6MT E92 Join Date: Jun 2007 Location: San Jose, CA Posts: 2,700 iTrader: (0)	invest overseas some countries have 10-15% interest rates __________________ 2011 AW/FR 6MT E92 \| Powered by Premier \| Alekshop \| ESS \| Rok n Peace Clothing: www.roknpeace.com

06-16-2012, 07:18 PM	#11
ksoze Captain Drives: 2011 E93 M3 Join Date: Nov 2010 Location: Maryland Posts: 619 iTrader: (0)	I just want to say one word to you. Just one word. Plastics __________________ 2011.75 E93 JB/FR \| 2002 E46 M3 Convertible \| 2002 E53 X5 3.0 \| 2000 E39 540i \| 1998 E36 M3 \| 1988 E28 M5 \| 1987 E28 528i

06-16-2012, 07:56 PM	#13
MDyDinanM OIF Veteran Drives: ///M Join Date: Oct 2009 Location: East Coast Posts: 1,927 iTrader: (0) Garage List 2008 BMW M5 [3.44]	This thread belongs in the off-topic section __________________ Retired: '06 BMW E46 ///M3 Current: '08 BMW E60 DINAN ///M5, Interlagos Blue, SMG DINAN Stage 2 Suspension, Exhaust, Stage III Software, Front strut braces, Intakes, 13% Underdrive pulley, 3.91 Differential, RPI Scoops.

06-16-2012, 05:31 PM	#4
M3Denver First Lieutenant Drives: 2011 BMW M3 Join Date: Mar 2012 Location: Denver CO Posts: 316 iTrader: (0)	buy property, or develop property on the cheap. stash the rest in and offshore account that gives between 8-10% interest. Start a small business, incorporate, have your employers hire you through your business, lower your tax rate by about 15 - 20%. sit back and collect checks for 10 years and stash as much as you can. Prep for early retirement.

06-16-2012, 06:15 PM	#6
KIS Lieutenant Drives: 2011 M3 Coupe Join Date: Sep 2010 Location: Houston, Texas Posts: 503 iTrader: (0)	Give $150,000 to a worthy charity and conservatively invest the rest which should yield approximately 6% after tax.

06-16-2012, 07:14 PM	#10
Darth One Former yr 1of1 owner Drives: SGM E90 Join Date: Jul 2008 Location: FL Posts: 999 iTrader: (0)	two chicks at the same time

06-16-2012, 07:35 PM	#12
Slapshot9 Second Lieutenant Drives: '08 E90 M3 JB 6MT Join Date: Dec 2011 Location: SoFla Posts: 271 iTrader: (0)	Sweet home with a four car garage and a lift. GT2 RS, enclosed trailer with one of those cool dualie truck with the low profile semi rims/tires. 2013 M5 to drive to work.

06-16-2012, 08:31 PM	#14
Arben72 Second Lieutenant Drives: E92 M3 Join Date: Apr 2011 Location: Illinois Posts: 223 iTrader: (0)	Spend 10% on fun things and the rest on rental properties.

06-16-2012, 08:51 PM	#19
BMW Fanatic Colonel Drives: slow Join Date: Jul 2009 Location: Calgary Posts: 2,871 iTrader: (9)	Give it to me. I'll look after it don't you worry about it. __________________ Arkym Hood CF, VMR 710 10F 11R, 265/295, OEM Performance Spoiler, Challenge Lip GB, H&R, iND CP, 5/15% tint, MS Air Scoops in Mexico Blue, more coming soon.

06-16-2012, 08:55 PM	#20
CrusherM3 Private First Class Drives: 2012 M3 E92 Jet Black Join Date: Mar 2012 Location: Houston Texas Posts: 135 iTrader: (0)	20 person posse...Mansion in Beverly Hills with a pool shaped like my penis.

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