If you had a million dollars.

Discussion in 'General Precious Metals Discussion' started by swoydaz, Mar 16, 2014.

Page 2 of 4
  1. ego2spare

    ego2spare Well-Known Member

    Joined:
    Jun 1, 2013
    Messages:
    1,735
    Likes Received:
    38
    Trophy Points:
    48
    Location:
    Australia
    10% to diamonds??! ... and 50% cash? Sounds like the 80% of lotto winners. Your going to have to sell some of your metals in a few years because your assets are going to be to high and affecting your centrelink payments.
     
    ego2spare, Mar 17, 2014
    #21
  2. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,680
    Likes Received:
    4,442
    Trophy Points:
    113
    Expand our business.
     
    mmm....shiney!, Mar 17, 2014
    #22
  3. XB

    XB Active Member Silver Stacker

    Joined:
    Mar 12, 2011
    Messages:
    2,058
    Likes Received:
    5
    Trophy Points:
    38
    Location:
    Brisbane
    I'm just an old traditionalist.... hookers and coke
     
    XB, Mar 17, 2014
    #23
  4. serial

    serial Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2012
    Messages:
    5,959
    Likes Received:
    3,062
    Trophy Points:
    113
    Location:
    wa
    I wouldn't do anything different to what I am doing now. $1mil isn't really that much, your not going to retire on that
     
    serial, Mar 17, 2014
    #24
  5. Ag-man

    Ag-man Active Member Silver Stacker

    Joined:
    Dec 29, 2013
    Messages:
    482
    Likes Received:
    44
    Trophy Points:
    28
    I'd put it all on Red..
    What have we got to lose, it feel out of the sky.
    Live on the edge.
     
    Ag-man, Mar 17, 2014
    #25
  6. robertc400

    robertc400 Well-Known Member Silver Stacker

    Joined:
    Mar 19, 2012
    Messages:
    1,517
    Likes Received:
    436
    Trophy Points:
    83
    Location:
    Adelaide
    That depends where you live (price of house) and lifestyle.
    My dad owns his own cheap $200k house outright (in Hobart - outer suburds) and lives off the government $19k pension. Runs a car and saves $25 a week.
    At 5% on $400k in the bank and 200k to purchase a house, one only needs $600k to retire.
    Not saying you can do much on that basic kind of lifestyle but I'd be happy. bail-ins could be a worry though.
    But 2 x $200k houses, living off the rent would have the same result, maybe a little better (about $25k to live off).
    Not much of a senario for a family, but a Mill would certainly do me and my family I reacon, here in Tassy anyway.
    How many people now moving to Tassy :) ?
     
    robertc400, Mar 17, 2014
    #26
  7. BiGs

    BiGs Active Member

    Joined:
    Jan 20, 2014
    Messages:
    840
    Likes Received:
    120
    Trophy Points:
    43
    Location:
    Sydney
    Expose yourself to the property market with as much lending a broker can get you at 80% LVR, the rest into free cash flow earning stocks. Stick to a 10% PM weighting of your total invested capital exposure and adjust it accordingly over time so it sticks to the 10% weighting.
     
    BiGs, Mar 17, 2014
    #27
  8. House

    House Well-Known Member Silver Stacker

    Joined:
    May 1, 2012
    Messages:
    9,527
    Likes Received:
    287
    Trophy Points:
    83
    Location:
    Stack City
    Put the full $1m into a commercial property yielding 8% pa and you'll very easily retire on that. Plus have all that delicious equity to use as a deposit for some cashflow positive properties to bring in even more cash.
     
    House, Mar 17, 2014
    #28
  9. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

    Joined:
    Feb 26, 2010
    Messages:
    8,809
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    Gone Fishin'
    If I had a million dollars I'd buy a commercial fishing boat and keep fishing till the million dollars was gone :)
     
    Clawhammer, Mar 17, 2014
    #29
  10. BiGs

    BiGs Active Member

    Joined:
    Jan 20, 2014
    Messages:
    840
    Likes Received:
    120
    Trophy Points:
    43
    Location:
    Sydney
    I'd do two chicks at the same time.
     
    BiGs, Mar 17, 2014
    #30
  11. yurana

    yurana Active Member Silver Stacker

    Joined:
    Oct 10, 2012
    Messages:
    403
    Likes Received:
    26
    Trophy Points:
    28
    Location:
    mongolia
    I would borrow extra $ buy two London good delivery bars
    bury them and hope to win a millon dollars in tatts so I never have to cash the bars in
     
    yurana, Mar 17, 2014
    #31
  12. tristanho

    tristanho Member

    Joined:
    Nov 9, 2013
    Messages:
    96
    Likes Received:
    2
    Trophy Points:
    8
    Location:
    Singapore
    Half on physical pm, half on unallocated pm and get on with my regular job.
     
    tristanho, Mar 17, 2014
    #32
  13. DanielM

    DanielM Active Member Silver Stacker

    Joined:
    Oct 23, 2012
    Messages:
    2,889
    Likes Received:
    29
    Trophy Points:
    38
    Location:
    Melbourne
    WoW now that's a man with class :rolleyes:
     
    DanielM, Mar 17, 2014
    #33
  14. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,680
    Likes Received:
    4,442
    Trophy Points:
    113
    That or he's got two dicks.
     
    mmm....shiney!, Mar 17, 2014
    #34
  15. Old Codger

    Old Codger Active Member Silver Stacker

    Joined:
    May 13, 2011
    Messages:
    4,782
    Likes Received:
    5
    Trophy Points:
    38
    ....... or lives in a fantasy land.
     
    Old Codger, Mar 17, 2014
    #35
  16. DanielM

    DanielM Active Member Silver Stacker

    Joined:
    Oct 23, 2012
    Messages:
    2,889
    Likes Received:
    29
    Trophy Points:
    38
    Location:
    Melbourne
    I was thinking of saying something along those lines but I just woke up then so not too witty
     
    DanielM, Mar 17, 2014
    #36
  17. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

    Joined:
    Feb 25, 2010
    Messages:
    5,150
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Hunter Valley, NSW
    I'd think about buying property that is near the expansion area for a mine. It is a gamble as they need to get the expansion approval but generally if you are within the acquisition zone you get about 140% of the market rate.
    It may also tale some time to realise this so may not be a good idea.
     
    Naphthalene Man, Mar 17, 2014
    #37
  18. BiGs

    BiGs Active Member

    Joined:
    Jan 20, 2014
    Messages:
    840
    Likes Received:
    120
    Trophy Points:
    43
    Location:
    Sydney
    or it's just a movie reference... come on guys, surely you've seen Officespace xD

    A Golden classic line...

    [youtube]http://www.youtube.com/watch?v=A939QRRSNV4[/youtube]
     
    BiGs, Mar 17, 2014
    #38
  19. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

    Joined:
    Feb 25, 2010
    Messages:
    5,150
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Hunter Valley, NSW
    maybe even buy high security water rights near the mines and wait for the next drought to sell them.
     
    Naphthalene Man, Mar 17, 2014
    #39
  20. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

    Joined:
    Feb 26, 2010
    Messages:
    8,809
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    Gone Fishin'
    LOVE THAT MOVIE
     
    Clawhammer, Mar 17, 2014
    #40
Page 2 of 4

Share This Page