Quote:
Originally Posted by Dwreck
How many people on GFY their relator's licences?
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I had one in NY for several years but let it expire.
As for the $1MM, I would do something like this:
1. - $332M
Buy 1000 shares of AAPL and sell covered calls on it every month. It's $332 today and there have already been over 14,000 calls with a $340 strike/July 16th expiry that been traded this morning with an average price of about $6.60 per contract ($660). That's a little less than 2%. Using a low estimate of 1.5%, 1000 shares of AAPL ($332M) could bring in over $6000 of monthly income.
http://www.google.com/finance/option...?q=NASDAQ:AAPL
2. - $193M
Do the same with 4000 shares of EEM, an emerging market ETF. I've been doing this for over a year or so with many, many less shares and get about 1.5-2% per month. Getting 1.5% on 4000 shares is over $2500 in monthly income. I chose EEM simply because it's the emerging market ETF which has the lowest % of holdings allocated towards socialist countries.
http://us.ishares.com/product_info/f...erview/EEM.htm
3. - $250M
Buy about $500M worth of condos in Playa del Carmen, Croatia, and a cool city in France that's not as expensive as Paris. Maybe Lyon. Put a total of around 30-40% down, furnish them for about $50M, and use the covered call income to pay the mortgage and maintenance fees every month.
4. - $50M
Upgrade wardrobe
5. - $25M
Laptops. Maybe a nice digital camera. Other electronic stuff.
5. - $25M
Book a flight to LA, reserve a suite at the Chateau Marmont for one week, go to Eros.com, and set up appointments with 5 different porn stars.
6. - $50M
Go on a 6 or so month trip around the world, focus on places that I normally wouldn't consider visiting, and try to do it on a budget by staying at cheap places where it would be more likely to meet fellow travelers and other interesting people. Maybe go to Goa in India. Definitely try to hit Machu Picchu in Peru. Beirut. Maybe some random Asian countries. Basically just keep my options open.
7. - $25M
Book a flight to LA, reserve a suite at the Chateau Marmont for one week, go to Eros.com, and set up appointments with 5 different porn stars.
8. - $50K
After doing an exhaustive amount of research, give $50M to a charity who not only has a cause which I feel is worthwhile, but has proven to be both efficient and effective in working towards their cause.