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Diversified portfolio? If you're talking stocks then you must be crazy.
Id take the lump sum $1 mill.
Id spend $600,000 on some good real estate in a decent residential area in a city with real catchment prospects - I'd rent it out and live of the earnings.
The remaining $400,000 I would spend on pure fun. Id buy a Dodge Viper and cruise around, eat a lot, fuck a lot and just have a funky time.
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