If you woke up tomorrow with an extra $500,000 in the bank

[acow]

what would you do with it?

[Hyperion]

Buy however many shares of Jagex $500,000 can get me. :^)

[Ian]

1. Check with the bank to make sure it's actually mine.
2. Check with [government tax agency] to see if they need any of it.
3. ???
4. Profit

[acow]

1. Check with the bank to make sure it's actually mine.
2. Check with [government tax agency] to see if they need any of it.
3. ???
4. Profit

mmk you found out you're receiving a WowSuperGreatSimbaScripter [refundable] tax credit of 500k
wat do

[Antonio]

Buy one of these just to say I own one.

fcd569b6c10ec54e5e42b392cf60a83cb8f1ad7c534 (640x360).jpg

[Ian]

mmk you found out you're receiving a WowSuperGreatSimbaScripter [refundable] tax credit of 500k
wat do

1. Go on a long hiking trip somewhere with great wilderness hiking in a country I haven't been to before.
2. https://i.imgur.com/fb7Dtmh.png (converted to the Canadian equivalents)

[Hoodz]

depends on what the time is, if its still early i would go back to sleep

[srlMW]

lol

depends on what the time is, if its still early i would go back to sleep

[KeepBotting]

I'd use it to descend into a lavish and self-destructive lifestyle.

[rj]

Would invest 450k of it to use when I retire. The rest would be 'fun' money

[Clarity]

Would invest 450k of it to use when I retire. The rest would be 'fun' money

This. I would hire a professional portfolio manager and invest most of the money, allocating a small percentage to do whatever I want and be a spoiled rich idiot for a bit.

[rj]

This. I would hire a professional portfolio manager and invest most of the money, allocating a small percentage to do whatever I want and be a spoiled rich idiot for a bit.

Yes. Investing 450k at the age of 20, you will be a multi-millionaire by the time you retire

[Flight]

I can see this thread exploding. I'd also invest some, put some in the bank and use the rest on creating my own business; something that will continually generate income.

[Clarity]

Perhaps venture capital, although with my luck I would have entirely negative returns :P

[Olly]

Hire someone to develop Lape further

And... Buy a property. I can't imagine how great it would be to never pay a penny of rent.

[rj]

Hire someone to develop Lape further

And... Buy a property. I can't imagine how great it would be to never pay a penny of rent.

property taxes son

[Olly]

property taxes son

I don't think we have that over here, iirc you only get taxed when you rent out your property (or a room).

[3Garrett3]

Perhaps venture capital, although with my luck I would have entirely negative returns :P

You'd need a lot more than 500k for venture capital. Typically millions, I'm sure a few venture capital companies are managing billions though. You could probably invest $500M if you wanted to be a real venture capital investor. They can have portfolios of 100's of companies that they invest in and have whole companies set up dedicated to their "business" of investing.

You're probably thinking of an Angel Investor. You could do that with 500k but you'd be on the lower end of what you can invest in. Most companies look for about that much (up to $1M general guideline) when going to an angel so you'd need about $5-10M to actually diversify. Angel investors typically invest in start-up type companies while venture capital would be in more established companies. I think the rule of thumb is that experienced investors only expect 1 in every 10-20 companies they invest in to actually succeed and make them money, so it's not for the faint of heart and not for those who don't have enough money to absorb those kind of losses while waiting for it to pay off.

Sorry to ruin your dreams.

[rj]

You'd need a lot more than 500k for venture capital. Typically millions, I'm sure a few venture capital companies are managing billions though. You could probably invest $500M if you wanted to be a real venture capital investor. They can have portfolios of 100's of companies that they invest in and have whole companies set up dedicated to their "business" of investing.

You're probably thinking of an Angel Investor. You could do that with 500k but you'd be on the lower end of what you can invest in. Most companies look for about that much (up to $1M general guideline) when going to an angel so you'd need about $5-10M to actually diversify. Angel investors typically invest in start-up type companies while venture capital would be in more established companies. I think the rule of thumb is that experienced investors only expect 1 in every 10-20 companies they invest in to actually succeed and make them money, so it's not for the faint of heart and not for those who don't have enough money to absorb those kind of losses while waiting for it to pay off.

Sorry to ruin your dreams.

Meh even if you bought government bonds and got 5% yearly return would still end up a millionaire

[Incurable]

Dude I work with sold the house he and his parents owned for $400k (he lives with them now in their first house), invested $200k of it in something or other and it automatically doubles for him roughly every 6 years. That was 10 years ago so he's already turned it into well over $400k. Oh, and he's 36.

So, if I woke up with $500k, and assuming it was legitimately mine because magic, I'd drop $10-20k on my car, give my parents $100k towards their house, give $50k to my Dad for his business, donate around $50k, put $100k in a high interest savings account, move closer to the city so I don't have to travel 2 hours just to get to uni (and live on the $100k with a strict budget), then ask the work dude for more details and invest the rest in whatever it is he's doing.

Retire at 40.

[grats]

build a couple more servers running on hypervisors and give out free learning space for developers

[Brandon]

Donate 50k (10%) to something for kids (orphanage? I'd have to research first), invest the rest and keep working (like usual).

[Kasi]

Closest casino roulette table, all on 0/green. I would win easily.

In all seriousness; probably start my own hardware / software business.

[Citrus]

My life wouldn't change at all really. I'd still be a lazy, jobless bum.

[Taric]

Start a TV Network entirely dedicated to box related television shows.