GoFuckYourself.com - Adult Webmaster Forum - View Single Post - IF you sell out for big cash, what to do with the money?

slapass · 06-10-2012, 03:54 PM

Well I was thinking of the guys who score 100 million or more. You would be hard pressed to buy real estate. You would need to go commercial etc as a few houses would just be a drain.

But imagine you just sold your business for 100 million net to you. The IRS reaches out and snags 15 million. You get 85 million which you put to work in the market and bonds. You are now earning a nice 3% return before taxes. So you are taking home less then 2 million a year. You are mega rich and cash poor. Sure you can retire to Belize but you are not going to retire to Monaco.

06-10-2012, 03:54 PM
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,625	Well I was thinking of the guys who score 100 million or more. You would be hard pressed to buy real estate. You would need to go commercial etc as a few houses would just be a drain. But imagine you just sold your business for 100 million net to you. The IRS reaches out and snags 15 million. You get 85 million which you put to work in the market and bonds. You are now earning a nice 3% return before taxes. So you are taking home less then 2 million a year. You are mega rich and cash poor. Sure you can retire to Belize but you are not going to retire to Monaco.