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ahahahahahahahahahaha (pg. 7)
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View this Thread in Original format
| jesteraver |
one thing if u want to live like a king move to Dubai. No taxes at all
The $7mil US is about 25 million Dirhams.
You can get a decent 1000+ sq.ft apartment for about 500,000 Dirhams (for lessthan $70,000 CDN) |
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| malek |
| I will believe you when you'll send me a 10k cheque :D |
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| Bertuzz |
can you take a portion and fix the Canadiens?
All I ask :p |
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| PressPLay |
| Even if this is an early April Fool's Day, I'm friggin' jealous you bastard. At this very moment I'm gullible and believing this AMAZING story. I really wish this was me and why can't I win the Lotto as well? Please dear God let it be my turn next!!!:) |
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| Mitsutranza |
Sven?
:)
MT
ps;; before May please and, um, Cocoon night would be nice |
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| Marcus007 |
ARIA REOPENS ONE LAST TIME
for
SVEN VATH & CHRIS LIEBING
dirtttayy |
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| Cyberflow |
OMFG ...
, jsuis content pour toi mannnn ....
Thumbs up for now making uncle harper touch any of your goodies !
Amuse-toi mannnn ! |
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| jesteraver |
1. $1 mil US use it for about 16 years ($62.5k US).
2. Have the other $2.5 mil US in high interest bank accounts (which should earn you about $87k USD a year in interest, so for the next 16 years you will get $1.392mil USD in interest, take that out and start all over again)
3. $2.5 mil US in mutual funds and in other investments (check them every month, only change if need be, if doing well do not touch the money in the next 30 years)
4. $1 mil US in different developments (purchase and rent out the units for 30 years)
Hopefully in 30 years from now. You can actually be worry free other than passing on. You will have $3.8 mil USD in a bank with the interest. Your mutual funds and what not hopefully went from $2.5 mil USD to $12 mil USD. Also hopefully your $1 mil US in different developments turned to $2 mil - $3 mil USD
Not sure how old you are Jay but so say when you turn 65. You can have like almost $20mil. Took you 30 years to turn the $7 mil US to $20 mil but hey you will for sure be secure for pretty much the rest of your life. |
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| Marcolissimo |
| Damn, that's a lot of money. The thing is, won't the IRS get on your ass now? I'd take the money and move to the UAE... no taxes and no one can touch you there. You can the Canadians and the Americans to suck it hard :D |
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| zoogla |
| quote: | Originally posted by all-nite-freak
OMG they are going to think i'm a terrorist at the airport tomorrow cuz im fidgeting and anxious. |
LOL you're far from looking like me, Jay; you have nothing to worry about! ;)
P.S. so how's this social experiment going for you? :p
| quote: | Originally posted by jesteraver
So, if you want to relax and enjoy life all I can say, mutual funds. |
Worst advice ever.
| quote: | Originally posted by jesteraver
1. $1 mil US use it for about 16 years ($62.5k US).
2. Have the other $2.5 mil US in high interest bank accounts (which should earn you about $87k USD a year in interest, so for the next 16 years you will get $1.392mil USD in interest, take that out and start all over again)
3. $2.5 mil US in mutual funds and in other investments (check them every month, only change if need be, if doing well do not touch the money in the next 30 years)
4. $1 mil US in different developments (purchase and rent out the units for 30 years)
Hopefully in 30 years from now. You can actually be worry free other than passing on. You will have $3.8 mil USD in a bank with the interest. Your mutual funds and what not hopefully went from $2.5 mil USD to $12 mil USD. Also hopefully your $1 mil US in different developments turned to $2 mil - $3 mil USD
Not sure how old you are Jay but so say when you turn 65. You can have like almost $20mil. Took you 30 years to turn the $7 mil US to $20 mil but hey you will for sure be secure for pretty much the rest of your life. |
Big improvement, except for mutual funds...#1-2 and 4 are excellent suggestions. For investments, there are much better ways to reduce your risk and attain higher yields, but you'll have to pay me to get my advice! ;) :p |
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| jesteraver |
| quote: | Originally posted by fayraree
LOL you're far from looking like me, Jay; you have nothing to worry about! ;)
P.S. so how's this social experiment going for you? :p
Worst advice ever.
Big improvement, except for mutual funds...#1-2 and 4 are excellent suggestions. For investments, there are much better ways to reduce your risk and attain higher yields, but you'll have to pay me to get my advice! ;) :p |
whats wrong with mutual funds? i find its more effective than buying stocks lol.
True he can put the $2.5 mil US into Exxon and know for the next 30 years he might make some good money lol |
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| zoogla |
| quote: | Originally posted by jesteraver
whats wrong with mutual funds? i find its more effective than buying stocks lol. |
Fund managers don't do enough to ensure the maximum possible bang for your buck, imo (especially the ones I've met). I'd rather pay an Investment Advisor to actively trade and look at particular markets, like you pointed out, the energy sector (good call).
Mutual funds are for people who don't know any better. A small fee (relative to the silly mgmt fees included in mutual fund pricing) to an Investment Advisor is worth way more in the long-run in terms of higher long-term yields. |
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