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View Full Version : How would you blow $100K?



robeiae
02-26-2006, 07:37 AM
Okay, here's the deal:

You've got $100,000. You can make one transaction with it, and only one. What do you do?

Rob:)

tiny
02-26-2006, 07:42 AM
I'd buy a boat and sail away.

Jcomp
02-26-2006, 07:43 AM
trustfund for the kids (that don't exist yet). That'd be a tough one though.

Dawno
02-26-2006, 07:58 AM
http://img.photobucket.com/albums/v304/Ebil_Librarian/bloom.jpg

tiny
02-26-2006, 08:03 AM
He looks to be high maintenance. You'll need more money.

can I suggest this guy (http://www.resqwest.com/wa/gap_movie.mov)

astonwest
02-26-2006, 08:10 AM
Invest it in the stock market and wait 12 years...by that time, it would have doubled twice (assuming a 12% ROR, based on the rule of 72), leaving me with $400K. With the same 12% average ROR, I'd live off the $48K annual returns, and write full-time.

brokenfingers
02-26-2006, 08:16 AM
Pay off the price on my head...

Shadow_Ferret
02-26-2006, 08:26 AM
Well, wouldn't buying a gift card essentially be cheating by your rules of having only ONE transaction? You'd buy the gift card then you'd spend the gift card. That's two transactions.


I guess i'd pay off my mortgage, because then I could sell the house and buy a larger one in the burbs.

roach
02-26-2006, 08:31 AM
Buy books.

reph
02-26-2006, 11:21 AM
Specifying that the money has to be used in one transaction limits the choices. Few things cost exactly $100,000. I could try to buy exactly $100,000 worth of salmon fillets, but that could get tricky.

"It's a little over, Ma'am. Is that all right?"
"Sure, it's uh, no! Not this time. Could you take that big one off the scale and maybe try this medium one instead? Yeah, the one in back of uh-huh."
"Now it's a little under."
"Okay, if you take off the one that's sixth from the bottom and sticking out a little, and put on the two little ones from the back row."
"Now it's a little over again."
"Um, what if you leave one of the little ones and take off the other?"
"Now it's under."
"What if..."

So I think I'll go for municipal bonds.

kathompson
02-26-2006, 11:34 AM
It might be cheating, but my transaction would have to be a deposit into my checking account, so I could pay off everything I owe and have a chance at someday owning a home instead of renting.

louisgodwin
02-26-2006, 11:58 AM
My choice. Car. Lambo.

Bears winning Super Bowl next year? Pfftt! :tongue

And is Opti really worth $100K...?

Alright, maybe 50... 60 max.

mdin
02-26-2006, 12:39 PM
I would hire Aston to help me turn it into 400K

threedogpeople
02-26-2006, 12:55 PM
Buy a big boat....here fishy, fishy!

kristie911
02-26-2006, 01:10 PM
Well, normally I would say I'd blow it on something completely silly like a car I could only drive in the summer or a diamond studded bra. But we're currently trying to sell a house, so I have a double mortgage...and sadly the 100k would only pay off a third of it...but it would be a third less than I have now. So, mortgage it is.

rhymegirl
02-26-2006, 05:34 PM
How come there's no "None of the Above" option?

Carole
02-26-2006, 05:39 PM
That's what I was wondering, RG.

eldragon
02-26-2006, 05:50 PM
Buy more real estate.

We only owe $81k on our house, I'm not giving the mortgage company a $19k tip.

Carole
02-26-2006, 06:04 PM
You could put it all into tyour house and leave the balance in an account toward future taxes couldn't you?

WVWriterGirl
02-26-2006, 06:10 PM
Since there''s no option for "pay off all your bills" and that would technically be more than one transaction (although, I tend to lump everything into a "bills" category...see? One word, one transaction...yeah...that's it...) I picked mortgage. I owe more than I'll ever see at one time on this house, so that's where my $100k would go.

PattiTheWicked
02-26-2006, 06:40 PM
Why on earth is a diamond-studded bra silly?

rhymegirl
02-26-2006, 06:51 PM
That's what I was wondering, RG.

Great minds think alike, Carole. :)

Yeshanu
02-26-2006, 09:18 PM
Since there''s no option for "pay off all your bills" and that would technically be more than one transaction (although, I tend to lump everything into a "bills" category...see? One word, one transaction...yeah...that's it...) I picked mortgage. I owe more than I'll ever see at one time on this house, so that's where my $100k would go.

I don't have a mortgage. Just a student loan, and I'd pay that off first. Or buy a house.

DamaNegra
02-26-2006, 09:21 PM
I'd invest it, then wait until my 100k turn into 500k. Then I'd build my dream house, and invest the rest again.

maestrowork
02-26-2006, 10:17 PM
I'd invest it, then wait until my 100k turn into 500k. Then I'd build my dream house, and invest the rest again.

That would take about 25 years even with the best investment plans...

Haggis
02-26-2006, 10:26 PM
Why on earth is a diamond-studded bra silly?

It is if you're a guy, like I am. Besides, I'm only an A cup. Maybe I'd buy a diamond studded jock strap.

reph
02-26-2006, 11:26 PM
If the diamonds are on the inside . . . ouch!

astonwest
02-27-2006, 01:53 AM
That would take about 25 years even with the best investment plans...Estimating it using the rule of 72, at a 12% rate of return (ROR), 100K would turn into 400K in 12 years. 6 years later (total of 18 years), it would be 800K. Doing some extrapolation, you'd reach $500K only 1.5 years after it reached 400K, or a total of 13.5 years.

DeniseK
02-27-2006, 01:59 AM
It is if you're a guy, like I am. Besides, I'm only an A cup. Maybe I'd buy a diamond studded jock strap.

:ROFL:

PattiTheWicked
02-27-2006, 09:58 PM
If the diamonds are on the inside . . . ouch!

Well, okay, that WOULD be silly. The whole point of a diamond-studded bra is to be able to flash it at others.

robeiae
02-27-2006, 10:00 PM
The whole point in not having a diamond-studded bra is being able to flash them at others.

Rob :)

Jaycinth
02-27-2006, 10:29 PM
Well, given the paucity of choices...( and really, why pay to off Opti..get real...he'll push the wrong person's button sooner than later and you won't have to worry)

I'll pay off my mortgagge. I just did my taxes and the $100K would do it. ( Oh oops...I'd still have 7K to go.) The 7K would be paid off in 4 months and that would leave me with an extra $1,500.00 a month to hire a thug on retainer to find my 'dearly loved friend' and torture this person daily.....for the next.....50 years.

September skies
02-27-2006, 10:43 PM
I'd invest it, then wait until my 100k turn into 500k. Then I'd build my dream house, and invest the rest again.

Just don't plan on doing that here in California - housing is absolutely ridiculous. A simple two-bedroom shack (falling apart - sold "as is") runs close to $200k (in Porterville/Visalia area)

However, when I was in Texas visiting my sister - $200k would get you a gorgeous 6-bedroom "dream" house (actually, the price was $189k AND it is still on the market and now down to $179k)

I'd put the money down towards a nice house (and I wouldn't wait a long time - the house itself would be the investment)

MadScientistMatt
02-27-2006, 10:54 PM
Since my wife and I both owned houses before we got married, and mine hasn't sold yet, I'd put it into paying off mortgages too. Not having two house payments would make budgetitng a lot easier for us.

And hopefully it wouldn't be long before I could get the money back and spend it however I please. :)

maestrowork
02-27-2006, 11:34 PM
Estimating it using the rule of 72, at a 12% rate of return (ROR), 100K would turn into 400K in 12 years. 6 years later (total of 18 years), it would be 800K. Doing some extrapolation, you'd reach $500K only 1.5 years after it reached 400K, or a total of 13.5 years.

12% is a little high for an "average" rate. I think most people use 8 or 9% for stock market. We also have to consider tax rates and inflation. I was using a tool on Fidelity to calculate based on 10% ROR, 3% inflation, and 15% tax, and came up with something like 24 years.

astonwest
02-28-2006, 03:57 AM
12% is a little high for an "average" rate. I think most people use 8 or 9% for stock market. We also have to consider tax rates and inflation. I was using a tool on Fidelity to calculate based on 10% ROR, 3% inflation, and 15% tax, and came up with something like 24 years.

The stock market over the past 30 years has averaged around 12% annually, which is where I came up with that number.

Indeed, inflation and tax have to be accounted for...but then, it becomes more complicated. You'd probably also have to pay a gift tax on the initial $100K...

As I mentioned, the rule of 72 is just used for estimating...actual results always vary. But then, we were also dreaming about receiving $100K in a lump sum, too...

Even getting 3-4% (I heard inflation was now at 4.7%) in "high yield" savings at banks and whatnot, you're going to actually be losing money between the taxes and inflation. It's always amazing how many people think they'll make money that way...

robeiae
02-28-2006, 04:02 AM
I have all my money in CD's. I'm getting upwards of 1.5% on some...

Rob :)

Maryn
02-28-2006, 06:04 AM
Yeah, I got a lot in CDs, too. But most of the jewel cases have seen better days.

Maryn, bada-bing, bada-boom

trumancoyote
02-28-2006, 06:26 AM
I'd blow it real good, baby.

First I'd roll it up all nice and cylindrical-like, then I'd reach around it, and -- Oh wait.

Elincoln
02-28-2006, 07:30 AM
I chose the trustfund option.

Though, if I had a real choice, I would be building my dream home in the mountains, stocking it to the hilt with food, wood, and everything else, then pray for another blizzard. All alone to do what I please. (Sigh) That would be the life.

alanna
02-28-2006, 09:42 AM
mmmm......can i have a "pay off college" choice? :)

WerenCole
03-01-2006, 12:19 AM
Las Vegas. . . I could come back in good shape or not at all.



(I like that paying for college idea too)


Though the first thing I would do is go get a good meal. . . I am friggin starving.

poetinahat
03-01-2006, 01:40 AM
Oh, the heck with it...

That's right, robeiae! SAY it: "The Doors are actually very, very boring. Boring as an old potato."

No, you have to say it while you DO THE DANCE!!!

(aaaahhhh, that was worth every penny....)