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PostPosted: Tue Oct 12, 2010 6:51 pm 
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You all realize that you have 1,000 million dollars if you have one billion dollars, right?


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PostPosted: Tue Oct 12, 2010 6:56 pm 
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Point being?


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PostPosted: Tue Oct 12, 2010 7:27 pm 
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Müs wrote:
I would also buy a helicopter. And lessons to fly said helicopter.

I would love to learn how to fly.


flying moose?
Image

If I had a billion dollars, I'd disappear from the world and start a new life, secretly avenging all those who've wronged me and rewarding those I loved... And buy a castle, all evil people need a castle. :neko:


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PostPosted: Tue Oct 12, 2010 7:31 pm 
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Lydiaa wrote:
Müs wrote:
I would also buy a helicopter. And lessons to fly said helicopter.

I would love to learn how to fly.


flying moose?
Image

That's...actually adorable, but I sure as hell wouldn't want it to crap on my car.


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PostPosted: Tue Oct 12, 2010 8:01 pm 
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Lydiaa wrote:
If I had a billion dollars, I'd disappear from the world and start a new life, secretly avenging all those who've wronged me and rewarding those I loved... And buy a castle, all evil people need a castle. :neko:

Somebody's been reading Dumas...

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PostPosted: Tue Oct 12, 2010 9:11 pm 
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Lenas wrote:
Point being?


Just that it's a lot of money. Someone could do some pretty incredible things with it and never run out of cash.


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PostPosted: Tue Oct 12, 2010 9:18 pm 
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Farther wrote:
Just that it's a lot of money. Someone could do some pretty incredible things with it and never run out of cash.

True! I should have preceded my post by saying that I would likely donate half of my billion dollars to miscellaneous charities. The largest of which would be Child's Play.


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PostPosted: Tue Oct 12, 2010 9:27 pm 
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Midgen wrote:
My answers are pretty much the same as everyone elses..

It does pose a question..

If one were to say, find a billion dollars,


Begin searching for ways to launder a billion dollars.

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or win a billion dollar lottery


Deposit it with my brokerage, and begin investing.

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or somehow obtain a significantly large sum of money...


One needs specifics. The legality of the obtained money makes a big difference.

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PostPosted: Tue Oct 12, 2010 9:28 pm 
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Good call Kaffis, I haven't read the Count of Monte Cristo in more than a decade, maybe its a good time to pull it out and read it again.

If I had a billion dollars, tax-free, able to do what I like with it, hmmm.

All my family's debts are history

My daughter gets to apply to as many universities as she wants, the best one she can get into she gets to go to, no matter the cost.

I would either buy a pre-existing home with a great view of the Pacific Ocean from somewhere along the central coast, or have one built for me.

I would make sure it had at least a four car garage, and I would spend a lot of time deciding which four vehicles to put in that garage. Luxury sedan, sporty roadster, truck and one more that struck my fancy as an around town car.

I would endow an arts scholarship at my wife's Alma Mater, in her name.

Other charitable contributions would be made to charities that I am convinced are doing good works in areas I am interested. That type of contribution would be made annually to those that keep up the good work.

I would hire a physical trainer to be at me every day to get me in shape and healthy. I don't seem to be able to do motivate myself, and frankly, Katas encourages both of us to misbehave calorically. With a billion dollars I would want to live another 40 years to spend a great deal of it.

I'll throw the Katii into the equation and pay off their house. they make me smile, I enjoy their company.

One particular slimeball of my acquaintance would get his *** investigated hard and deep and anything felony-wise that can be proven would be sent to his county's DA.

Moobot would receive 'an anonymous donation' to ensure his continued health and evolution.

Heck, on that note I would buy a few of the best computer systems money can buy and have them installed in my new home.

Really, I could go on like this for awhile.

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PostPosted: Wed Oct 13, 2010 12:37 am 
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1. I would set aside 7 million dollars in a trust to spit out after-tax 250K a year forever (only need to average 5% gain per year). These are the monies I would live on.

2. Buy two nice, but modest given the circumstances, homes, one near Seattle for part of the year, one somewhere my wife wants to live for the other part of the year. Pay off current home and rent it out. Figure this step would cost about 1.5 - 2 million dollars.

3. Pay off all of my and my wife's immediate families' debts. With mortgages, prolly around 2 million.

4. Pay off selected friend's debts, about 500k.

5. replace car, truck and minivan about 100k

6. Put 250k into trusts for education of my three children, my neice and my nephew, 1/2 of any remainder to be paid at graduation, other 1/2 10 years later.

7. Obtain pilots license and refurbed beech 18 or twin otter, and one other light plane. Up to $4 million.

8. Put rest of money...around 980 billion, into charitable trust, make my job for rest of working life to be to be a benefactor giving away all my money to religious, educational, historic and scientific organizations.

9. Save a little bit to buy an island just a bit bigger than Khross's.


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PostPosted: Wed Oct 13, 2010 12:59 am 
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Talya wrote:
With a billion dollars, many of the above comments are superfluous. College funds, and such, are done by people without a billion dollars because they want to ensure they have the money to pay for the education of their children. Aizle has the right idea about investing well, but you really don't need to budget much for such pocket change items like a university education when you're talking about that much money.

Let's assume one invested terribly, placing all their money in some investment that only returned a stable 3% per annum (if you're not getting double-to-triple that over the long haul, you probably invested poorly). Now, inflation is going to average about 2% barring the inevitable economic collapse, so you're only making 1% once you account for the amount you need to grow your portfolio just to break even.

1% of a billion dollars is 10 million dollars a year.

How would we ever live on that? Oh wait...

"What would you do with a million dollars" questions are actually more likely to return financially responsible answers, because it is very hard to spend a billion dollars, unless you want a few squadrons of fighter jets or something.


I understand what you are saying and agree with it for the most part...

however I am a woman of modest means...I don't need $1billion to be happy...

All I need is to be able to take care of my family and a few friends...throw in a few charities I care about, and I'm good...anything over that will move forward to the future...my grandchildren and great grandchildren will be taken care of. I'll be dead before then so it really doesn't matter to me what they do with the money I hypothetically left for them. :P

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PostPosted: Wed Oct 13, 2010 1:20 am 
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Talya wrote:
Deposit it with my brokerage, and begin investing.


Is your brokerage insured for a Billion dollars?

That was kind of my point. Where is a billion dollars "safe" ?

Obviously having all in one place would be foolish, so spread it around.....


You'd have to spend some of it paying someone to manage it I suppose .. keeping track of where it is...

Who could you trust?

Who would be your first phone call? Second? Third?

As soon as people found out, you'd have long lost relatives coming out of the wood work. People suing you for no reason other than trying to get you to pay them off. Politicians beating down your door. Charities too I suppose...

/shrug. i guess it those are good problems to have.. =D


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PostPosted: Wed Oct 13, 2010 2:26 am 
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FDIC only insures up to 100K per bank - not per account unless somebody changed the rules when I wasn't looking (imminently possible with the last administration and this one.)

Spread it around a lot and invest in many many places.

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PostPosted: Wed Oct 13, 2010 6:21 am 
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Micheal wrote:
FDIC only insures up to 100K per bank - not per account unless somebody changed the rules when I wasn't looking (imminently possible with the last administration and this one.)

Spread it around a lot and invest in many many places.

It's $250k ATM, but it's not permanent. When whatever set time it is runs out, the coverage drops back to $100k, unless they extend the term. They've done that once so far.

If I got that kind of money, I'd be having serious talks with a financial advisor. But I'd want to do a lot of stuff pePple have already mentioned: beach house, penthouse, and an adobe house in the mountains of central AZ... And then lots of toys for me and my friends and family to enjoy. Mebbe I'd have a year or two of excessive hedonism burned out of my system before I'd decode to use the money to Make A Difference

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PostPosted: Wed Oct 13, 2010 7:26 am 
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Jasmy wrote:
I don't need $1billion to be happy...


Exactly. After the people you love are able to live comfortably, what do you need all the rest of that money for?

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PostPosted: Wed Oct 13, 2010 7:39 am 
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I could burn through a good chunk trying to become the first person to accumulate enough frequent flyer miles to get a free flight on Virgin Galactic.

Realistically, I could see making a really elaborate hobby out of manned spaceflight. Go buddy up with Burt Rutan or Jeff Bezos or someone. I'm sure it says something about me that my preeminent pipe dream involves getting off this rock lol.


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PostPosted: Wed Oct 13, 2010 8:06 am 
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Quote:
Is your brokerage insured for a Billion dollars?


Not nearly insured for enough, but if you're investing it, it's no longer cash. You diversify and then end up owning many types of actual assets, be it stocks or bonds or gold or whatever...even if the brokerage goes under, you would still own your assets, since they can't leverage them the way banks do--creditors cannot take my shares. Not that it would matter, the brokerages here are all owned by the big 5 banks. For any of the big Canadian banks to fall, the economy would already be in such bad shape your billion wouldn't be worth much. They didn't even get nervous during the financial crisis here...

How do you suppose Gates or Buffet invest their money? copycat the existing billionaires.

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But master you in luck 'cause up your sleeves you got a brand of magic never fails...
...Mister Aladdin, sir, What will your pleasure be?
Let me take your order, Jot it down -You ain't never had a friend like me

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PostPosted: Wed Oct 13, 2010 1:40 pm 
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Drive sports cars, date movie stars, and buy things that are not for sale.

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PostPosted: Wed Oct 13, 2010 3:34 pm 
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FarSky wrote:
1) Pay off all my bills.
2) Pay off all my parents' bills.
3) Save/invest at least 3/4 of the remainder.
4) Buy a nice, new house for Phe and myself.
5) Buy a new car for myself (Phe doesn't want one). Something roomier, but with excellent gas mileage.
6) Get a new computer.
7) Invest heavily in my channel.
8) ???
9) Profit!


Try: 8) Kitsushis investment for ordering plushies and specialty fabric?

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PostPosted: Wed Oct 13, 2010 9:20 pm 
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Corolinth wrote:
Drive sports cars, date movie stars, and buy things that are not for sale.


Yes^nth



Oh, and probably act like the BEST CHARACTER EVER. Kaffis knows what I'm talking about.

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PostPosted: Wed Oct 13, 2010 9:34 pm 
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Pheona wrote:
FarSky wrote:
1) Pay off all my bills.
2) Pay off all my parents' bills.
3) Save/invest at least 3/4 of the remainder.
4) Buy a nice, new house for Phe and myself.
5) Buy a new car for myself (Phe doesn't want one). Something roomier, but with excellent gas mileage.
6) Get a new computer.
7) Invest heavily in my channel.
8) ???
9) Profit!


Try: 8) Kitsushis investment for ordering plushies and specialty fabric?

But of course, dove. :D


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PostPosted: Thu Oct 14, 2010 9:48 am 
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Well, all the usual stuff about investing, setting up trust funds for kids, paying for their education, paying for my mom to retire, giving the in-laws some to improve their retirement etc.

1) Endow a scholarship at Virginia Tech for a member of the Corps of Cadets. Maybe more than one.
2) Get a pilot's license
3) Get an instrument rating
4) Practice
5) Buy a jet fighter - demilitarized, of course - like maybe an F-15 right off the assembly line with a nice new airframe. Definitely something that you can still get parts for
6) Have fun!

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PostPosted: Thu Oct 14, 2010 4:06 pm 
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I'd buy you a green dress (but not a real green dress, that's cruel)

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PostPosted: Thu Oct 14, 2010 6:12 pm 
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Parents get debts paid. Little brother finishes his education. For that matter, I finish my education. Then I keep working.


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PostPosted: Thu Oct 14, 2010 7:03 pm 
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Mookhow wrote:
I'd buy you a green dress (but not a real green dress, that's cruel)



Shelgeyr beat you to that on the first page.

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But master you in luck 'cause up your sleeves you got a brand of magic never fails...
...Mister Aladdin, sir, What will your pleasure be?
Let me take your order, Jot it down -You ain't never had a friend like me

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