Quote:
Originally Posted by cody
That's a lot of crack. I'd buy a mansion with acreage in Sonoma County and a flat in SF, lots of toys (boats, cars, bikes), travel, and invest some...nothing out of the ordinary.
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If you tried to do that w/ $33M, you got a 50/50 chance of being broke in 10 years, IMO. $33M isn't all that much money anymore, and without the crazy big payback of the stock market or real estate to invest in, you can't turn $33M into full blown baller wealth these days.
If I had $33M, I'd probably just live off the simple interest from very conservative investments (should be about $600,000/year) in a 3000sqft house on 2 or 3 acres and build cheap race cars to play at the track with. If the markets ever turn around, I'd want as much available as possible to invest with. I figure, by the time I have college aged kids, a year of school will cost $100,000 easy.
But I'll never get $33M from MegaBucks. When you program the software that runs it, the state of Nevada doesn't take kindly to you playing.