$50K - I'd probably take $10 or $15K and invest in something risky - start up or turn around company

probably do five each to me - my wife - maybe do a trip or experience with 5.

The other 20 I'd put into lower risk investments - large cap

Go down to the Fleabaggers (OWS) and find someone that would start a biz with 50k?

Spend some...go a little bit crazy.

The rest? I'd probably add more into the income producing side of our portfolio.

"Enjoy yourself...it's later than you think"? Grasshopper side of the grasshopper/ant fable.

I find it sad is that many people haven't learned to enjoy themselves without blowing a bundle.

I've been to Vegas. I haven't been to Hugh's house.

Unless were leaving spouses at home...

I would invest half of it in low risk mutual funds and then take the other half over to my friend Asadulah who works in securities...

You say hookers and blow like it's a bad thing...... :)

Seriously though Hugh, do whatever you've been wanting to do but haven't yet. I'm assuming from meeting you and reading your posts on here that your retirement is largely covered with some to spare, so go have fun.

do a 3.5 upgrade?http://forums.pelicanparts.com/uploa...1324616105.jpg

Announcer: HughR, you've just inherited $50,000! What are you going to do!!

Hugh: I'm going to Disneyland!!!!

Seriously, I know you are able to travel on "the mouse's" dime, you are sitting good with the sale of the DB, you're an astute guy financially.

So instead of vacations, cars, etc. what about some vacation property? Mammoth, June Lake, Palm Springs, Tahoe maybe some beach property, Silver Strand, Solimar, Faria, you could have a nice "getaway" home, and there's lots on the market.

Just a suggestion, it's a buyers market. If all else fails, I'm with Moses. Just get "Crazy Go Nuts" and do something nice for you and the Wife, you deserve it.

This looks like fun.

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I vote Mammoth!

really nice shop tools-
a shop-
guns-
something to entertain your mind that is not the work you do-

With our daughter entering college next year, $50k would pay the balance after four years of state scholorship funding. :(

What ever you do, enjoy it!

This may be a bit conservative, but I you might put it into something that will at least keep up with the cost of living increase (good luck with that) and save it for a time when an emergency cames along. If you have kids, it might help them out when the time comes. Also you might give yourself some time to let some ideas mature. Pushing to find a quick use for it immediately might not turn out to be what you'd like in the long run.

20 grand off my mortage, save me 5-7 years worth there
20 grand for the ongoing house renovations. speed things up 2 years in that department
10 grand for fun, fun, fun, well, you can't speed up fun.

Timely Question from Hugh. I, too, just inherited money from a relative. I have no debt or bills. I think an older Ferrari will be in order...one that's appreciating in value. Perhaps some continuing education, as well.

Enzo, I like the way you think.


Spend it on your wife, take a cruise, go to Bali for a few weeks or something

Whatever is left, definitely spend on hookers and blow.

This is one dilemma I'd like to have.

put it into my house (i.e. improvements)

I'd look at investing in a skill you've always wanted to master...anything on your bucket list you've always wanted to learn?

Good friend of mine had a similar windfall and went to the best cooking school in Italy for two weeks.

Me? I'd do an intensive sailing school, then go learn how to fly fish.

As someone has (wisely) said here before traveling and new experiences are priceless compared to just buying "stuff" - the memories of those experiences last a lifetime.

i'd get it all in small denominations and throw it all on the bed..roll around in it.

then i would give it to my wife, and forget i ever saw it. she's the investor/saver type. not me. i would buy guns.

Send it to "azasadny" and it will be put to good use!

I think we need to issue a 25 000 $ contest where we can all submit a proposal on what we will do with 25 000$

- Can't just give it away to charity.. that's to easy it would just become a charity/cause popularity contest..
- Must be something that will be actually done if the contest is won
- Must be verifiable
- Bonus points if it involves hookers & blow
- Bonus points if it involves a Porsche or BMW being driven at high speed like it was stolen
- Bonus points if it involves spoons
- It must be legal(ish)
- other suggestions?

If it goes well and the 25000$ are righteously spent and the plan is executed & documented
Then the remaining 25 000$ shall be awarded as prize.

Thanks for the suggestions guys and gals. I probably shouldn't have started this thread, but it came out of the blue so to speak and I was stunned.

Financially secure, kids are grown up and out of college, no college loans to pay off. My daughter is moving to mid-town Manhattan in a few weeks and certainly doesn't need my help.

Travel on my dime isn't a thrill for me. In fact, travel is work for me. This year I've been to Prague a couple of times, London, Istanbul, Budapest, San Juan, PR, Michigan too many times.

I may invest in a 2nd home outside of CA. I'll probably get that Targa seal, and a few things for around the house.

I love that the Targa seal is on top of your list, lol. Priorities. You have them. :)

Everyone is at different stages of life. For me that money would go a long way to getting completely debt free and finally investing at the rate I would like to be...

or Hugh, seeing as I am your Recip this year, you can send me a second gift and I would not complain one bit... :D

Hugh,

The Targa seal is great. For me I would do like the other posters stated, save it in a manner that it keeps up with the cost of living. Hey, it may just be as big a surprise to who you could leave it to if you never needed or wanted to spend it.

Merry Christmas.

I understand the 'travel is work' statement. Same for me. You're also not going to spend it on something trivial. Like you said, buy your seal, finish some household projects, and set up a trust fund for your kids, or grandkids..

DO NOT SPEND IT!
Put it in a relatively safe mutual fund with lo-load and let it ride until you're old.

So many people nowadays just can't understand that money isn't something to spend, it's something to collect and keep.
Maybe that's why they live paycheck to paycheck, spending money they don't have yet, and walking away from their houses.
no one ever taught them how to be responsible and do the right thing.
Instead they were given pre-packaged excuses and a list of people and organizations to blame for their screw-ups.

hookers and blow
or
Home | Fisher House Foundation

Buy this book:

The Bogleheads Guide to Investing
by Taylor Larimore, Mel Lindauer, Michael LeBouff

Be sure to read chapter 15...."How to manage a windfall successfully"

I'm not kidding, Hugh. This a a great book for anyone!

While you're at it, also order:
The Bogleheads guide to retirement planning
by Taylor Larimore, Mel Lindauer, Richard A. Ferri, Laura F. Dogu

I like the 2nd out of state property idea... but what do I know.

You were looking to buy some property in NV, here is your down payment.

Still think spending it on Mrs R is the way to go.

Guns, ammo & gold......and/or some land in the boonie of your choice.

Maybe some land in east Tennessee? :cool:

Buy our house, you love Michigan, I know you do...!

You laugh, but I knew a Chinese couple in HK who used to go to their their bank end of each year and withdraw $100,000.- in brand new bills. Every new years day they spent in bed f*cking on piles of cash and drinking champagne. It was their favourite day of the year, and they believed that it brought them luck.

Oh yes, on 2 Jan., they would deposit the money back into the bank.

did the serial numbers all end with an even number?

and were any red envelopes ... ah ... envolved in the sexcapades?

This is akin to the guys who own a perfect 911 and never drive it.

Porsches are meant to be driven (preferably tracked), money is made to be spent. Are you saving it for the next owner?

My dad is about 2 weeks from death at this point. My brother and his wife (married after my mom died) were evidently arguing about the trust the other day. I'm sure that made my dad thrilled. Do you think he wished now that he'd collected and kept more money?

Hugh, pick something stupid/crazy/impetuous that you always wanted to do and do it. You only get one trip on the merry-go-round. At least that you'll remember...