2 million dollar settlement, what would you do with it? Seriously.

[Q]

Use about $1.5 mil to pay off all debts of all family members, then put some into index funds intended to eventually pay education expenses for young family members, and lastly put about $200K into an options trading account (as my playground).

If you're a church member, remember to tithe.

So now to jump off the PC rails and offend,
what I would NOT do is donate one penny to evil monster Hillary Clinton's campaign (although your media masters already decided to put her in, years ago).

I take it this is a troll....

 

[jlee]

I'm sure the people of Ukraine or Russia would've been happy with US dollars or Vanguard funds. But how easy is it to open Vanguard index funds in Ukraine or Russia? Gold is universal. You can take gold anywhere in the world and it's instantly recognized and can be easily converted into any local currency. So think of it as money. And if you think of gold as money/currency and compare it to all currencies in the world, it's the only one that has increased in value over time. Every currency in existence has lost value over time/history. Except for gold.

You seem to have irrational hate for gold and only think doomsday prepper own gold. Lot of rich people own gold. Pretty much all the govts own gold. USA govt own more gold than any other nation on earth. Why does the US govt own something so silly like gold when they have to waste all that taxpayer money guarding it? It's not like the dollar is backed by gold anymore. So why not sell it all? Or sell large portion of it? Maybe the US govt like looking at the shiny metal?

People spend lot of money on insurance they don't need or use. I spend tens of thousands a year on required insurance premiums (business, home, autos, health) which I don't use and never get back. My small gold/silver holdings are insurance against something crazy happening in the world. Who knows if WW3 will break out or the entire world economy collapses. With the world so closely linked and everything closely intertwined in derivatives and other financial instruments, it's not as far fetched idea as it once was. We came awfully close to worldwide financial meltdown in 2008. Who says we can't have a repeat down the line and the world does collapse? Great Depression happened less than a hundred years ago. I'm sure everyone in the early 1920s saw that coming.

And if the world melts down, no amount of gold is going to buy the cases of ammo in my house. 😛

Plus, gold has been crashing since 2011.

 

[jagec]

You can take gold anywhere in the world and it's instantly recognized and can be easily converted into any local currency.

LOL. Yeah, they have gold-buying kiosks right there in the airport. Instant authentication, no paperwork, and just a few percent under spot!

 

[JDawg1536]

Well, the average life expectancy of an NFL player is 55, so tell him to start spending.

Where does he live?

 

[DaveSimmons]

You seem to have irrational hate for gold and only think doomsday prepper own gold. Lot of rich people own gold. Pretty much all the govts own gold. ....

I just think it's a waste of resources for 99% of US citizens to own gold. Unless you expect to flee the country it's never going to be useful even in most doomsday scenarios.

Jeb Bush Jr. declares martial law in 2036? Gold might help you bribe the Jackboot Bushstapo to not take you away to the re-Jebucation camps. Assuming they don't just take the gold and shoot you.

General collapse? Virus? Plague? Meteor? Zombies? -- gold is worthless.

If the US falls, that means the world has collapsed into Somalia time, AKA Mad Max / Fallout, and you'd better have guns not gold.

 

[SagaLore]

I'd pay off all my debt, take a 2 week vacation then put the rest in savings.

 

[z1ggy]

1) Pay off mine and my wife's financial debt including house, car, etc.
2)Invest $1.8-1.9M in an index fund, or maybe ~1.7 in index, and play around with $100k in more risky stocks
3)Remainder would be for enjoying life. Go on a month long vacation to Europe, do some home renovations and maybe buy the kids a little something (if kids exist).

4)Profit.

 

[Gibsons]

How about a nice liberal arts degree from a private university? Then drop a few hundred k on something sure to take off in the future, like baseball cards or timeshares. Top it off with a Ferrari or two and your friend is set for life.

But be sure to customize the Ferraris heavily though. Put an aquarium in one, have the other decked out with say a tv screen on the hood.

 

[Nashemon]

I have no input on investments. Being an ex football player (depending on the era, as they barely made minimum wage back in the 70s), maybe he's already well off and has his investments for retirement all set. His idea of starting a limo company struck a chord with me, as my uncle made his extreme wealth from starting a limo company 30 years ago when he was 37 years old. He owns three mansions in wealthy areas, all from a local limo company. I've no knowledge of the business personally, but to me it seems pretty lucrative.

 

[jlee]

I'd pay off all my debt, take a 2 week vacation then put the rest in savings.

I'm not even sure I'd do that - house & car are under 4%. It'd be nice to have no payment, but that money could potentially be earning 7-8%.

Then again, with $2mil I might not care. Pay everything off, dump the rest in index funds, and retire.

 

[JM Aggie08]

He will inevitably spend it irresponsibly.

 

[1sikbITCH]

Use about $1.5 mil to pay off all debts of all family members, then put some into index funds intended to eventually pay education expenses for young family members, and lastly put about $200K into an options trading account (as my playground).

If you're a church member, remember to tithe.

So now to jump off the PC rails and offend,
what I would NOT do is donate one penny to evil monster Hillary Clinton's campaign (although your media masters already decided to put her in, years ago).

Screw that. Open your own church and have those morons pad YOUR bank account.