If I were a billionaire...

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garfangle_IHB

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...I would offer to buy up all the foreclosed properties held by the banks at a 50 percent discount to their current asking price. Sure, the banks would take it hard, but at least they could write down the value of their portfolio and get on with the business of banking instead of being landlords.
 
<p>IAD,</p>

<p>We know that housing prices will fall, and fall hard. It's just a matter of time. As for the banks, if I were a banker I'd want to take my lumps now with minimal stress rather than drag it out for several years.</p>
 
If you gave me $1 billion today, I'd hire multiple financial advisers across the globe to manage my $, then keep a portion in precious metals in safe deposit box somewhere.





I'd be generous to friends and relatives with the investment profits, but never the original "seed money" ($1 billion).





Instead of giving all my $ to kids in my will, I'll setup multiple trust funds and foundations. My kids and their kids can go work for one of the foundations and receive an allowance. At least one of the trust funds will be used to give education grants to poor students attending CSU Fullerton. If my investments made enough $, I may consider buying up additional property around CSUF campus and donating it for school expansion.





I'd spend my remaining days enjoying life, fishing, frolicking on the beach. Travel to Cambodia and setup charity schools, etc.
 
Hmmm..... $1 billion.





5% into alternative investments (i.e. hedge funds, fast food franchises, reits)


90% in CDs, Munis, and Treasuries





5% in cash (and gold)
 
Remember the days when a MILLION dollars was a lot of money. That's chump change now. I guess a BILLION dollars is now the goal to say your "rich."
 
<p>Sorry, the discussion topic brought up an Office Space moment.</p>

<p><strong><a href="http://www.imdb.com/name/nm0515296/">Peter Gibbons</a></strong>: What would you do if you had a million dollars?


<strong><a href="http://www.imdb.com/name/nm0046033/">Lawrence</a></strong>: I'll tell you what I'd do, man: two chicks at the same time, man.


<strong><a href="http://www.imdb.com/name/nm0515296/">Peter Gibbons</a></strong>: That's it? If you had a million dollars, you'd do two chicks at the same time?


<strong><a href="http://www.imdb.com/name/nm0046033/">Lawrence</a></strong>: Damn straight. I always wanted to do that, man. And I think if I were a millionaire I could hook that up, too; 'cause chicks dig dudes with money.


<strong><a href="http://www.imdb.com/name/nm0515296/">Peter Gibbons</a></strong>: Well, not all chicks.


<strong><a href="http://www.imdb.com/name/nm0046033/">Lawrence</a></strong>: Well, the type of chicks that'd double up on a dude like me do.


<strong><a href="http://www.imdb.com/name/nm0515296/">Peter Gibbons</a></strong>: Good point.


<strong><a href="http://www.imdb.com/name/nm0046033/">Lawrence</a></strong>: Well, what about you now? what would you do?


<strong><a href="http://www.imdb.com/name/nm0515296/">Peter Gibbons</a></strong>: Besides two chicks at the same time?


<strong><a href="http://www.imdb.com/name/nm0046033/">Lawrence</a></strong>: Well, yeah.


<strong><a href="http://www.imdb.com/name/nm0515296/">Peter Gibbons</a></strong>: Nothing.


<strong><a href="http://www.imdb.com/name/nm0046033/">Lawrence</a></strong>: Nothing, huh?


<strong><a href="http://www.imdb.com/name/nm0515296/">Peter Gibbons</a></strong>: I would relax... I would sit on my ass all day... I would do nothing.


<strong><a href="http://www.imdb.com/name/nm0046033/">Lawrence</a></strong>: Well, you don't need a million dollars to do nothing, man. Take a look at my cousin: he's broke, don't do shit. </p>
 
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