What would you do with $176 million dollars?

[Lola]

Pay off some stuff, give much of it away to family/friends, donate A TON, travel, buy an ocean going vessle and houses on each coast or so and live.

 

[GagHalfrunt]

Originally posted by: Ns1
hookers and blow

I'd spend a lot of it on hookers and blow, the rest I'd probably waste on non-necessities.

 

[BurnItDwn]

After taxes it would be around 88 million.

I would probably buy about 20 million worth of apartment buildings and hire people to manage them.
I would invest 20 million in WAG stock ... (solid company with some bad stock performance as of recent, lots of room to grow up, as well as decent dividends)
I would invest 10 million in S&P 500 midcap index funds
I would spend 10 million on paying off my mortgage, paying off family members mortgages, buying my mom a new house, buying a couple of vacation homes, and improving my current house (though I might be tempted to move out and buy something with a garage and a bigger lot if I was rich)
I would invest 10 million in investing in failing businesses that look like they are worth saving to me. (meaning, a bit of rehab and some better money management would make them profitable, and they would be an asset to the community)
I would invest 9 million in agricultural lands and lease out the land to farmers.
I would invest 6 million in a Russell index fund.
I would open 20 savings accounts, each for the maximum amount insurable ... just to have safe emergency money. (2 million)
I would invest 1 million in additional agricultural land. The land would be leased in exchange for bacon.

 

[Chryso]

I would move to Disneyworld.

 

[ochadd]

Hire two financial planners to control 50% of what I had after taxes. Tell them the metrics you want to hit.
Hire two large men that are good with firearms to watch over the financial planners.
Invest 48% of what's left on my own.
Take 1% to try to capitalize on some of my inventions.
Take the final 1% to build my new house, toys, hookers, and take an around the world trip until my investments starts bringing in enough to keep the bills paid.

 

[JS80]

i would start my own hedge fund and find the next bubble try to make a billion

 

[BeauJangles]

Why would you leave ~$88 million dollars in a bank account?

 

[DisgruntledVirus]

Oh and 2012 election I would run for president

Also I would help my gf open her own photography studio wherever we wanted to move to, and help her with that.

edit: also if I decided to actually get married (and my current gf was the girl I wanted to marry) I would propose the way I thought of the other day that would be absolutely badass. Unfortunately it does involve a band (mainstream rock one too ) so would be difficult to do without a ton of money.

 

[God Mode]

Start an independent firm that investigates government corruption and fraud. Probably last a few months.

 

[Capt Caveman]

Keep $2 million and spread it over different low-risk funds/accounts

Give $2 million to each of my family members

Use the rest to create a Foundation that helps Animals and People in Need

 

[Jeff7181]

Buy Canada

 

[mcmilljb]

How many matresses would it fill?

 

[alkemyst]

I'd have to burn one million as even numbers are teh debil.

 

[chorb]

I would invest 1 million in additional agricultural land. The land would be leased in exchange for bacon.

thats a lot of bacon

 

[MotF Bane]

Precious metals should still hold, right? Buy in for precious metals.

 

[dainthomas]

Originally posted by: BurnItDwn
After taxes it would be around 88 million.

I would probably buy about 20 million worth of apartment buildings and hire people to manage them.
I would invest 20 million in WAG stock ... (solid company with some bad stock performance as of recent, lots of room to grow up, as well as decent dividends)
I would invest 10 million in S&P 500 midcap index funds
I would spend 10 million on paying off my mortgage, paying off family members mortgages, buying my mom a new house, buying a couple of vacation homes, and improving my current house (though I might be tempted to move out and buy something with a garage and a bigger lot if I was rich)
I would invest 10 million in investing in failing businesses that look like they are worth saving to me. (meaning, a bit of rehab and some better money management would make them profitable, and they would be an asset to the community)
I would invest 9 million in agricultural lands and lease out the land to farmers.
I would invest 6 million in a Russell index fund.
I would open 20 savings accounts, each for the maximum amount insurable ... just to have safe emergency money. (2 million)
I would invest 1 million in additional agricultural land. The land would be leased in exchange for bacon.

That sounds like a lot of work. If I had 88 million, I would not work.

I would take my wife, daughter, and hot young nanny and travel around the world. Probably a few months in Europe, then over to India/Nepal/Tibet for another few months, then over to southeast Asia and finally down to Australia/New Zealand. Then we'd take a month or so in Fiji to unwind before finishing up in South America.

After that I'd probably spend most of my time alternating between my Maui estate and my cabin in Aspen.

 

[SsupernovaE]

Build a giant pyramid of money and burn it.

 

[Vehemence]

Originally posted by: SsupernovaE
Build a giant pyramid of money and burn it.

Why so serious?

 

[BurnItDwn]

Originally posted by: alkemyst
I'd have to burn one million as even numbers are teh debil.

but if you burn 1 million, you would still have an even number.

Wouldn't it make sense to burn just 1 dollar?

Otherwise, maybe you should go for a prime number .....

 

[pontifex]

i've thought about this many times. i would do a lot of stuff and have fun.

 

[Arcadio]

I would donate it to Anandtech.com

 

[child of wonder]

Here in South Dakota that would be $336,000 every 4 weeks after taxes.

I'd just put 50% of it away every year in safer commodities like bonds, gold, etc. so that 20 year payout of $7 million per year became a 40+ year payout of $3.5 million.

 

[imported_Champ]

Originally posted by: FoBoT

Originally posted by: Turin39789

Originally posted by: FoBoT
just get it in pennies, those new pennies

what is scrap value of copper?

they are made of zinc

$0.8133 per pound

how many pennies per pound?

 

[Suspicious-Teach8788]

I'd buy fritolays a hooker.

 

[Lonyo]

I would wonder how the fuck I won the lottery without buying a ticket.