IF you sell out for big cash, what to do with the money?
 

I always wonder what the guys do with the cash. Meebo or Instagram sells and now the owner has a few hundred million after tax. What the hell do you do with that? Do you trust a bank not to fold and fuck you? Do you trust 5 or ten? A brokerage house? How much return can you get on that money? Are you going to buy t bills and get 3%?

Ideally you could put 50% in some SP500 fund and rest in bnds but at 200 million you would be too much of the fund. What if it closes, goes under or defrauds you?

Nice problems to have but i bet it is a bit of a nightmare as it is just so much...

They keep investing and starting new startups.

hookers and blow

It amazes me how many people with $10 million plus do that but don't put aside a million to retire, so they end up broke. Just because one business was successful doesn't mean the next pinder will be. For example, just because your digital wallet service was successful doesn't mean you'll be successful as a movie producer.

Since it takes a certain mindset and workaholic attitude, people rarely retire and keep going. The drive the got them rich won't let them stop.

I would buy a house on the beach in Belize. I've never been, but my brother has a house and a fishing business down there. I'd invest in his business just because I could, buy a boat, and have fun.

Then I would buy a nice house here in the US, and restore old cars - meaning cars from the 1980s. I've always wanted a 1980s Monte Carlo SS, older Carmaros and Mustangs. In fact, I could see myself owning a classic car dealership buying old Mustangs and other sports cars and restoring them.

Of course lots of hookers and blow.

And then I would invest the rest in safe stocks.

i would buy some facebook shares !

Post on GFY.

Real estate and hookers and blow

http://chzlolcats.files.wordpress.co...as-a-happi.jpg

Buy new friends... :winkwink:

ADG

The Meebo founder will likely get very little from that deal, as they have initial investors who will be taking their cut as well.

Some of those investors will lose money as well, because they bought in to the company when it had a valuation of over $200 million dollars. (It just sold for $100 million).

Then there would be two of us retirees laughing at those who have to work. :1orglaugh

Seriously, spread the money around so if one goes down. The rest still pays out.

80's are about the worst era cars ever. Is there even one model worth restoring?/

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.

Traditionally those people become Venture Capitalists or fund their next project(s)

You ask in here, GFY, where everybody is complaining that there is no money in porn, what they would do with a few hundred millions? Most in here are already having a party when they find a few thousand dollars on their bank account at the end of the month.

Also do you really think that YOU need to worry about what having to do with 200 million?

Stop dreaming dude :1orglaugh

You'd never see me again unless you run in certain circles in the aviation industry, because that's where I'd be going.

Investing in hookers and blow is the safe thing to do...you'll be happy!

I'd start a manufacturing company to hopefully employ thousands of people and pay them an above average wage with excellent benefits and NOT run it with accountants and lawyers but with good ole fashioned business sense and common decency. Something that has been a long time lacking in this county.

Hello!?! Ferrari Mondial!!!!

Thread closed!

just enjoy life and so some good.

I'd buy a 10 grand cottage in a field outside brno, a 20 year old car, then post on GFY all day about how bad free porn is.

I would give a job to my best friends, they could clean my toilet, cut my garden and similar shit :))) j/k

I would invest in apartments, stocks and new ventures

a house on the beach sounds perfect

You're seriously moving into crazed stalker territory with your obsession with Paul.

so you'd go broke? Interesting.

'old fashion' business people who were successful used layers and accountants. Plenty of morons that thought they could go without pushing brooms though.

Who says being a nice guy to your employees would make you go broke?
Because if they think you give a shit about them they're going to be less productive?
If you pay them well with good benefits and incentives. That will kill the bottom line?

You obviously need accountants and lawyers. My point is that so much of corporate america has turned into businesses where the employees are only numbers to them. Workplace moral is shit, there's no pride in working for someone that couldn't care less if you quit.
And paying one ceo more than the combined total of all the employees wages is a bit extreme but it's a very real situation at some of the companies around where I live.

blow and hookers is the way to go... best ROI ever!!!

To have 10k worth of income a month AFTER you retire you would need 3.3million on the day you retire assuming you have some conservative bonds or other insured guaranteed income investments at that time.

So to retire at say 40... assuming you live to 80 you would need at least 24 million (assuming you live in a non high expense city like NY/LA/San fran)


6 million for each family member so they never bother you for money (assuming 2 parents, 2 siblings, and some other cousins and stuff)

1 million for a killer house in the burbs.

1 million for a vacation cottage somewhere

1 million for travel

1 million for big toys (cars, boats etc..)

1 million to decorate your houses

1 million for killer clothes bought over 30 years ( last 10 years you won't care about clothes)

3 million for each kid in a trust fund (assuming you had 3 kids)

1 million every 5 years to start up bullshit biz ideas that fail and you don't care.

1 million blowout cash to buy misc stuff you see on tv, malls, computers, tv's etc..

And in the end You would need at least 7 million in investments earning income to live like a pimp at $20k a month after age of 65.

After you die you should will the remaining money to a local non gov run animal shelter, preferably cat shelter, I can give you a good list.


This is how I'm setup.. :thumbsup

He posted google maps images of my house, he paid to access the UK census website to try and find out where I had moved to.

All I do is mock the guy, he is the real stalker. But feel free to pop me on ignore if it bothers you.

But if you're not successful as a movie producer you can just steal all the money from your old business and still retire :error

I dunno what people actually do with that kind of cash, but I honestly think I'd dive headfirst into philanthropy. Probably keep some side projects brewing, but I can think of few things in life that would be more rewarding than doing all kinds of good shit all the time. Still keep enough aside to live like the world's biggest pimp and hand some down to the kids/nephews/etc., but overall do something meaningful.

Fly in certain circles.

I have no idea about foreign 80's cars so you might be right there.
I was thinking USA stuff

if i sold out for big cash i would buy a fiji island and live there the rest of my life

My house would be full of guns, dogs, angry Muslims (I have a thing for hot babes in burkas...), and very comfortable mattresses.

Right now, though, my house is just full of shattered dreams...

That is brilliant. I need to modify my previous post...

I would call my island "I Land". I would cover it with guns, dogs, laser-wielding sharks, and angry - yet very sexy - lingerie wearing Muslim and Hindi women (they would get along on my island, dammit! That IS the law!)

In the spirit of politicians everywhere, I would make the possession of drugs, alcohol and pornography punishable by blowjobs - or death (if you're male and don't have surgically implanted breasts...) Of course, I'd always be stoned and drunk - and whacking off to porn.

Give me 500 million dollars. I'm not going to invest it - or give a shit. I'll buy Nigeria (or maybe Greece - its probably worth less right now) and start sending you guys and your families emails - then I'll follow up with a "Just kidding, idiot!"

Meanwhile, I'll create a mattress company and sell my sleep platforms for $1,000,000 a pop.

I could go on but I'm already pushing it...