if you won, how would you invest it?

Reply #23

justxploring — Wed, 05 Jul 2006 06:44:12 GMT

Quote: Originally posted by spy153 on June 20, 2006 good luck and thanx for your reply. I was thinking something safe. are mutual funds safe you think?

Since you asked are mutual funds safe? I will answer that question in simple terms. The answer is No. You are talking about the stock market. It goes up and it goes down.

Safe means without risk. Are you safe in your home? Probably. Are you less safe when you get into your car and drive down the street to get milk? A little. Are yo... [ More ]

Reply #22

guesser — Wed, 05 Jul 2006 04:51:19 GMT

Wow, I can't disagree with much of what you said. I worked in the press for 12 years, so I know all about fooling the people.

And the really REALLY scary part is: the new makeup of the Supreme Court. You think we have lost our liberties now, just wait, you ain't seen nuthin' yet. Politics ain't nothing compared to how our legalities are going to get stripped in the next 2 years, let alone the next 20 years.

Any ideas on where this 'safe place' is you speak of ? Switzerland... [ More ]

Reply #21

Prob988 — Tue, 04 Jul 2006 02:21:25 GMT

And let's not forget that Clinton made up a huge story leading to the deaths of 100,000 people in a war, and sold his country to Halliburton with lots of dumb people cheering him on.

Smoking pot would be much, much, much worse than taking the good will of the entire planet after 9/11 and squandering it to enrich Halliburton.

But let's face it, there are still people dumb enough to confuse the War for Halliburton with a made up War on Terror. I can only imagine if Clinton had made a dr... [ More ]

Reply #20

guesser — Tue, 04 Jul 2006 00:29:18 GMT

And don't you forget, he NEVER had sex with that girl, and, he never inhaled.

Reply #19

SirMetro — Mon, 03 Jul 2006 19:38:18 GMT

Just keep in mind that if it's a republican, they will make an example out of you. If it's a Democrat, well, hey, everybody knows Clinton never lied...right

Reply #18

Prob988 — Mon, 03 Jul 2006 19:14:20 GMT

Here's an interesting investment: One could buy a congressman.

They're relatively cheap, and one can get a huge return.

Reply #17

spy153 — Mon, 03 Jul 2006 14:49:41 GMT

guesser, I wish I could. It isn't me that doesn't make the time. He's a work-a-holic. Sitting still is a punishment to him.

Reply #16

guesser — Mon, 03 Jul 2006 05:05:33 GMT

You need to do that - go sit and talk to him. SOON.

I have a list of folks I WISH I would have spent more time with, but the time I've spent with them since has been at their funerals.

Take nothing for granted, especially life, and no matter what age or health people are in.

Reply #15

spy153 — Thu, 22 Jun 2006 17:19:34 GMT

Oh my GOD! I loved that joke sir metro. Thanks again. And really, that is all I wanted to know about the investments. Thanks to all of you.

"What you should do is put the money in several different banks - probably dozens of them - because each account is FDIC insured only to $100,000, but I think it is being upgraded to $200,000 soon."

I have an uncle who does that. His money is in every bank in a 100 mile radius from where he lives. He asked me once, after reading my palm, how... [ More ]

Reply #14

1977 — Thu, 22 Jun 2006 04:27:46 GMT

Most people that come into money-big money make the mistake of trying to find ways to make more money with high risk deals. Play it safe--a little real estate ,some mutual funds,a IRA and enjoyed the money.

Reply #13

guesser — Thu, 22 Jun 2006 04:19:56 GMT

What you should do is put the money in several different banks - probably dozens of them - because each account is FDIC insured only to $100,000, but I think it is being upgraded to $200,000 soon.

You would open one account under your name, one under your spouse's name, one under your name/spouse name, and one under spouse name/your name, to have 4 different insured accounts at each bank.

Next, buy SAFE stocks or mutual funds that pay a consistent dividend, you don't need a stock that... [ More ]

Reply #12

Uff Da! — Wed, 21 Jun 2006 23:56:09 GMT

I'd probably put enough money for the first two years in something liquid and reasonably safe liKe bank CDs or money market funds. The next two or three million I'd probably put in no-load mutual funds, as I'm comfortable with them. If the win was larger than that, I would likely seek out and get the advise of a financial advisor before making further decisions. At this stage of life, though, I really would not want to put my money where I had to keep close tabs on what was happening. I want... [ More ]

Reply #11

SirMetro — Wed, 21 Jun 2006 17:37:30 GMT

Quote: Originally posted by spy153 on June 21, 2006 Thank you all for your replies. I see I am not the only one who has pondered this most important question more than once.

sir metro, you will be a millionaire with or without a lottery win.... if and when you begin investing your money. So, basically, I am right to consider mutual funds and small things like commodities? I want the absolute safest way to guarantee a growth over time. I don't want to have to continually keep check on it. Yell... [ More ]

Reply #10

Just6ntlc — Wed, 21 Jun 2006 15:03:29 GMT

Regardless of the jackpot, if I win the lottery, I take cash value and buy house first.

Reply #9

spy153 — Wed, 21 Jun 2006 14:55:44 GMT

Thank you all for your replies. I see I am not the only one who has pondered this most important question more than once.

sir metro, you will be a millionaire with or without a lottery win.... if and when you begin investing your money. So, basically, I am right to consider mutual funds and small things like commodities? I want the absolute safest way to guarantee a growth over time. I don't want to have to continually keep check on it. Yelling sell this, buy that... I want to stick it i... [ More ]

Reply #8

SirMetro — Wed, 21 Jun 2006 14:26:34 GMT

Mutual funds are perhaps the safest investment vehicle for an average person who doesn't want to spend the required time to investigate the individual stocks. The primary advice I would offer regarding mutual funds is the following;

1) Stay with NO-LOAD funds. Why pay when there are lots of funds to chose from that perform well without robbing you when you put your money in or take it out.

2) Buy the funds direct. Again, why pay commission fees to buy something a quick phone call can get y... [ More ]

Reply #7

lottaloot — Wed, 21 Jun 2006 13:11:27 GMT

I'ld invest in both CD'S and S B's.

Get a new car for the children, my mother myself along with a modest home for each of us. (nothing fancy but paid for)

Get my husband a nice little Lake home with a nice little boat

Then I would bank anything that's left.

Reply #6

bellyache — Wed, 21 Jun 2006 03:41:21 GMT

Savings, investestments, Buy a few simple things at the beginning.

Reply #5

Prob988 — Wed, 21 Jun 2006 03:24:47 GMT

I'd buy a lot of foreign securities, in diverse countries.

I'd invest some money here, but most of it abroad. I think the dollar's going to get killed, big time. Except for some short term emergency funds, I'd minimize the amount of liquid holdings here, but maybe buy some small farms, if the prize were large enough. I'd also invest in my business, but not all of it.

I'd pretty much live exactly as I do now, but pay off my house, and fix a few things.

Reply #4

Leto — Wed, 21 Jun 2006 03:01:22 GMT

I'd give some money to my parents, buy a simple house that's big enough for about 30 domestic cats, buy a decent computer for computer chess, buy a simple inexpensive car that's less than 3 years old, and put the rest of the money in a bank to collect interest slowly.

Reply #3

guesser — Wed, 21 Jun 2006 02:54:43 GMT

6 million after taxes low-volatility securities, and other dividend or interest-paying instruments, locked away that I can't get to for the rest of my life (almost like a blind trust), and 'live off of' the interest that earns.

50% of what's left I'd blow/waste on things I've always wanted to do, like spend a month in Hong Kong on Chinese New Year, and all kinds of exotic travel, the other 50% I would endow scholarships, and other non-profit organizations I wish I could give more to.... [ More ]

Reply #2

spy153 — Wed, 21 Jun 2006 01:49:58 GMT

good luck and thanx for your reply. I was thinking something safe. are mutual funds safe you think

Reply #1

orangeman — Wed, 21 Jun 2006 01:23:06 GMT

I just finished an investment course sponsored by Success Magazine. They recommend covered Calls and Puts for maximum leverage and greatest safety.

Spent $1,800 for the course. Hope it works out.

Orangeman

if you won, how would you invest it?

spy153 — Wed, 21 Jun 2006 00:24:26 GMT

If you won a jackpot, how would you invest the money? Large pot and small