If you had a million dollars.

The Fisher King said:
If I "had" a lazy 1m laying around I would split it this way -

300k = Au (quality jewellery accepted)
100k = Ag (all 100oz)
100k = diamonds (1 carat & above)

500k = cash

Equals = peace of mind & fun!

The Fisher King :)
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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.
 
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
 
I'd put it all on Red..
What have we got to lose, it feel out of the sky.
Live on the edge.
 
serial said:
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
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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 :) ?
 
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.
 
serial said:
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
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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.
 
If I had a million dollars I'd buy a commercial fishing boat and keep fishing till the million dollars was gone :)
 
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
 
swoydaz said:
Difficult to know the stats, difficult to even guess.

But I'll have a guess just the same.

My guess is fewer than 10% of stackers own a million dollars in cash.

Sure, some if not many may own a mill in assets.

But let's just talk about cold, hard cash.

Those who do have a mill, I'm sure you'll keep it quiet.

But for those that don't have a mill, imagine you do :P

So ... what portion of your million if you could today, would you plunge into bullion?

My answer ... uhhhh ... first I don't have a million in any shape or form.

But if a million fell out of the sky today I'd put at least half of it into bullion.

Why?

Well ... you tell me ... (and the rest of the planet).

Join in. Let's fantasise. Share your strategy, albeit a dream.
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Half on physical pm, half on unallocated pm and get on with my regular job.
 
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.
 
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