Personal Finance

How to invest $50 million

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  • Nov 1st, 2010 1:58 pm
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Aug 16, 2010
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Richmond Hill

How to invest $50 million

If you won $50 million, what steps would you take to invest your money? (not blow it) How much interest can you make? Would you buy real estate? Start a company? Invest in the stock market?
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Jan 7, 2003
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Ottawa
Dump everything in a savings account. 1% per year yields $500,000. I would personally not do that, but it's a good start.
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May 15, 2010
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dux wrote:
Oct 29th, 2010 11:23 pm
Dump everything in a savings account. 1% per year yields $500,000. I would personally not do that, but it's a good start.
You'd get significantly less because that 500k would be taxed heavily.
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Dec 21, 2005
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Find a company that's been shorted like crazy. Put in a $10 million market order and watch the shortsellers have a hear attack :D
:idea: :) :lol: :razz: :D
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Dec 10, 2008
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I think with 50 mil even Garth Turner would buy some real estate.
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Dec 15, 2009
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mrbeachman wrote:
Oct 29th, 2010 11:46 pm
I think with 50 mil even Garth Turner would buy some real estate.
nah, in his brilliance he'd buy bonds.
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Sep 26, 2007
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is that 50 million before or after taxes?
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Onterrible
xlfe wrote:
Oct 30th, 2010 12:17 am
is that 50 million before or after taxes?

Assuming he won the money in Canada.. it's tax free.
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Canuckerr wrote:
Oct 30th, 2010 12:22 am
Assuming he won the money in Canada.. it's tax free.

i see then it's probably safe to assume it's 50 million canadian.
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Onterrible
with 50 million investing it wouldn't even matter.

10 million in any big 5 bank investments (mutual funds, bonds, real estate, indexes, stocks, just a variety of everything)
10 million in a 5-10(if possible) year GIC (just in case you are stupid with the money)
10 million to do as you wish
5 million to my church
5 million to charities - not give it to them directly, but build them or buy them things that they need. I find a lot of charities, even not for profit still pay their executives big salaries.
10 million in savings

to think of it.. 50 million is a lot of money. I wouldn't even know what to do with all of it?
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xlfe wrote:
Oct 30th, 2010 12:25 am
i see then it's probably safe to assume it's 50 million canadian.

And?
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Dec 15, 2009
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Canuckerr wrote:
Oct 30th, 2010 12:27 am
with 50 million investing it wouldn't even matter.

10 million in any big 5 bank investments (mutual funds, bonds, real estate, indexes, stocks, just a variety of everything)
10 million in a 5-10(if possible) year GIC (just in case you are stupid with the money)
10 million to do as you wish
5 million to my church
5 million to charities - not give it to them directly, but build them or buy them things that they need. I find a lot of charities, even not for profit still pay their executives big salaries.
10 million in savings

to think of it.. 50 million is a lot of money. I wouldn't even know what to do with all of it?
I would invest in big banks - but not 20% of my money. Diversify. Perhaps 7.5% in the big banks and 12.5% in blue chip resource, utility, oil/gas, telecom.

I agree 20% in a "safe" investment. I'd re-work it tho. I might look at something other than GICs however. I think $5mil in guaranteed inflation equalers (after tax, the interest on savings vehicles seems low to me). The rest i'd put into - well, I dunno - something safe. But not soley in GICs.

20% to do as you wish. Agreed. You're rich - figure out what you'd like to do with $10mil and do it. (a business, invest, travel, buy an expensive home, a cottage, a boat - whatever! enjoy your wealth. if you don't, you're kids will)

10mil in savings. Good idea.

Church ... not my thing, so i'll allocate this elsewhere

I'll switch in family over church/charities (both of which could be funded from the "do what you want, which is VERY generous).

Family: 10mil. I grew up w/o wealth. I'm seeing it now. These people who raised me, paid for my education and needs best they could - they deserve a cut. A big one. Esp. Mom who amazes me with the financial balancing she accomplished while I grew up. I always admired her for making ends meet, but knowing now about her salary i'm in awe. [/I]But she gave up investing in her retirement to make sure we had a roof, heat, water, clothes and food. She is my hero - an exceptional example for any single mom, IMHO.
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Sep 26, 2007
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Conquistador wrote:
Oct 30th, 2010 12:35 am
And?

you're right it doesn't specify when you get it or in what form
it doesn't even say if it's 1 lump payment or 1 dollar a day for 50 million days.
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Sep 15, 2008
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xlfe wrote:
Oct 30th, 2010 2:50 am
1 dollar a day for 50 million days.


That's be an awesome scam by a lottery though; you'd only claim all of your winnings if you lived to be over 100,000 years old.
Photographer, Traveler, Small Time Investor, Project Manager, Grease Monkey, Trance Addict. 'nuff said. :D
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Jul 1, 2007
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Dilton wrote:
Oct 29th, 2010 11:32 pm
You'd get significantly less because that 500k would be taxed heavily.

Not to mention, even without tax it's losing $500K of purchasing power each year.
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