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Un Chien Andalusia
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Half a million is nothing nowadays. You probably need at lease 360 billion to get anywhere.
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2002 996 Carrera - Seal Grey (Daily Driver / Track Car) 1964 Morris Mini - Former Finnish Rally Car 1987 911 Carrera Coupe - Carmine Red - SOLD :-( 1998 986 Boxster - Black - SOLD 1984 944 - Red - SOLD |
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05-15-2008, 06:20 AM
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Dog-faced pony soldier
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I wouldn't turn it down.
But you're correct. A friend of mine back in New England actually won a million bucks in the lottery about 10 years ago (no joke - cool story). It basically means he never has to pay a mortgage, but he still works for a living and is basically just an average guy other than that.
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A car, a 911, a motorbike and a few surfboards Black Cars Matter |
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05-15-2008, 06:25 AM
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Registered
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Quote:
Waterfront property and some .....................don't ask me I'm poor.  This is like asking the guy on a bar stool next to you for sound advise. Some smart guys on the forum, wait until they chime in and ignore the rest of us. 
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1977 911S Targa 2.7L (CIS) Silver/Black 2012 Infiniti G37X Coupe (AWD) 3.7L Black on Black 1989 modified Scat II HP Hovercraft George, Architect |
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05-15-2008, 06:40 AM
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Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,977
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Retire. That would do it for me... then I could go out in the hangar and play with the cars, motorcycles and airplanes more often!
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2021 Subaru Legacy, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB |
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05-15-2008, 06:46 AM
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Registered
Join Date: Oct 2005
Location: Magnolia State
Posts: 7,548
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I'd pay my third quarter estimated tax payment
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05-15-2008, 06:52 AM
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Did you get the memo?
Join Date: Mar 2003
Location: Wichita, KS
Posts: 33,007
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Pay off the house and student loans. Invest the rest, and sleep well at night.
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‘07 Mazda RX8 Past: 911T, 911SC, Carrera, 951s, 955, 996s, 987s, 986s, 997s, BMW 5x, C36, C63, XJR, S8, Maserati Coupe, GT500, etc |
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05-15-2008, 06:59 AM
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MBruns for President
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Buy a larger sailboat and start spending my summers on the eastern seaboard and my winters in the carribean.
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Current Whip: - 2003 996 Twin Turbo - 39K miles - Lapis Blue/Grey Past: 1974 IROC (3.6) , 1987 Cabriolet (3.4) , 1990 C2 Targa, 1989 S2 |
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05-15-2008, 07:05 AM
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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
Posts: 55,652
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Invest it for retirement.
I know, I know, I should spend it like a drunk sailor on leave instead of being responsible, but I'm not one of them. |
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05-15-2008, 07:09 AM
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,765
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pay off debt, spend a little of what's left, and then invest the rest.
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa  SOLD 2004 - gone but not forgotten
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05-15-2008, 07:19 AM
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Registered
Join Date: Dec 2001
Location: Cambridge, MA
Posts: 44,757
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First have you build me 2 motors: an MFI SCRS 3.0 and a screamer S 2.0.
how much do I have left?
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Tru6 Restoration & Design |
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05-15-2008, 07:25 AM
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Detached Member
Join Date: May 2003
Location: southern California
Posts: 26,964
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Let's see... I've replastered the pool, paid of all revolving debt, bought a 250cc honda dirt bike, loaned my sister $5K, am currently putting in hardwood floors through out the house, remodeled a bathroom, there is something else, but I can't remember what it is. Oh, yeah, the rest is in 90 day CDs.
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Hugh |
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05-15-2008, 08:56 AM
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Family Values
Join Date: Jun 2003
Location: Los Angeles, CA
Posts: 4,075
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Buy a house free and clear in a small town. Invest the rest and get a job at the hardware store.
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- Joe Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves. - William Pitt |
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05-15-2008, 08:58 AM
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Registered
Join Date: Jan 2002
Location: Long Beach CA, the sewer by the sea.
Posts: 38,147
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Who asks a question like this?
So, Scott, what's up? I would definitely pay off any loans except the mortgage and then buy property. I would make my full time job a property manager and hope for positive cash flow within a few years. I could retire then. 500K is not a lot so you'd have to make it work hard for you. |
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05-15-2008, 09:07 AM
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Driver
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I'm too young for half a mil to do much. Clearly not something like retire or even pay off a house (which I don't even own). Heck, $500K is just a down payment around here. So I'd opt for something boring. Take the wife on a little vacation, and put the rest into investments, whether retirement, college savings, or said house downpayment nest egg.
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1987 Venetian Blue (looks like grey) 930 Coupe 1990 Black 964 C2 Targa |
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05-15-2008, 09:08 AM
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Registered
Join Date: Nov 2004
Location: Charleston, SC
Posts: 2,357
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Own the house I'm buying outright, and invest the rest. I know it's boring, but that's what I'd do.
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'87 924S (Sold) |
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05-15-2008, 09:45 AM
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Registered
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Horde ammo.
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2022 BMW 530i 2021 MB GLA250 2020 BMW R1250GS |
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05-15-2008, 10:09 AM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,789
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Scott...Berkshire A stock? Hmmm...Warren Buffett isn't getting any younger. Plus...diversify, young man, diversify. Oh...what I'd do? Probably not much...just disperse it into our portfolio...
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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05-15-2008, 10:46 AM
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Targa, Panamera Turbo
Join Date: Aug 2004
Location: Houston TX
Posts: 22,366
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fast women, old cars, lawyers, guns and hootch...(and I guess I would set a little aside for the kids)
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Michael D. Holloway https://simple.m.wikipedia.org/wiki/Michael_D._Holloway https://5thorderindustry.com/ https://www.amazon.com/s?k=michael+d+holloway&crid=3AWD8RUVY3E2F&sprefix= michael+d+holloway%2Caps%2C136&ref=nb_sb_noss_1 |
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05-15-2008, 11:00 AM
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least common denominator
Join Date: Aug 2001
Location: San Pedro,CA
Posts: 22,506
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Invest most of it... not sure in what, would have to do some research...
Quit my job, become a professional artist/musician, do some volunteer work, take some classes.
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Gary Fisher 29er 2019 Kia Stinger 2.0t gone 1995 Miata Sold 1984 944 Sold I am not lost for I know where I am, however where I am is lost. - Winnie the poo. |
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05-15-2008, 11:06 AM
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Team California
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Sorry, thought you said "half a milf". As in, *timeshare* or something.
 Half a million worthless U.S. dollars? People fantisise about that? I thought that the average professional on this board had more wealth than that in their home equity. Isn't this kind of like the villain in "Austin Powers" when he asks for a million dollars? Don't get me wrong, it's not an insignificant amount of money. It's just that when I dream, I dream a little bigger than that. If it's a serious question about investing vs. spending, I'd put it somewhere it will grow. People can piss-away $500Gs in a heartbeat where I live. 
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Denis |
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05-15-2008, 11:48 AM
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1977 Porsche 911S 2.7L
Gone to California
Turbo
Ducati
1987 Porsche 930 3.3T
Only Porsche
Only bike
