winner 2,000,000 on a scratch ticket

[blacksport325]

is no one else thinking with $100,000 to spend on a car, why get a corvette?

Yeah, I was thinking that as well, there's well over 10 cars I'd choose before a corvette at that price.

[Roysneon]

Go to college.

[e30polak]

I agree that a college education would be your best investment.

Otherwise buy $100,000 in gold and sit on it. Pretty soon that money will be worth $50k with the way this economy is going. If you buy a house with it, I hope you can realistically afford the mortgage, even with that down payment.

Also, based on your indecisiveness and willingness to share such personal news on a car forum, I don't recommend you opening a shop. You need to seriously plan out a new business, especially in this market. On top of that there is plenty of competition in the SoCal area for shops that cater to E30s.

Remember, starting a shop does not guarantee income, and neither does a good mechanic. A lot of factors come into play when you open your own business. BTW here is a realistic quote from a CNN article, from May of this year: "A recent report from Dun & Bradstreet suggests that California's small business failure rate was 69% higher than the national average in 2011, the worst of all the states."

Not trying to piss on your parade, but you really shouldn't blow your new found wealth on a risky investment. If you yourself were an established mechanic, with a nice arsenal of tolls and equipment already, my view would be different. Having to rely on someone else to bring home the bread (your mechanic) will not work in your favor.

Also, don't invest your money in the stock market either. Buy bullion gold bars, not notes or coins.

is no one else thinking with $100,000 to spend on a car, why get a corvette?

That Carbon edition is pretty much the best car you can buy for that price tag. I personally would spend the extra $20k to get the full on ZR1. The Carbon edition is basically the ZR1 with the normal Z06 engine, but no blower.

I personally would buy 2 e30 M3 Cecottos, them restored to factory spec and put them in heated storage. Those cars will be worth A LOT of money in the next 5-10 years!

[BoxDriver86]

I don't think you want to live where you can afford a house in Long Beach with $100K.

Invest in gold.

[A Sucked Orange]

Best thing you can do, accept that you're NOT a finance expert and seek advise. That's a lot of money, but it also isn't in some ways. Investng that kind of money over long term could yield quite large returns. Talk to someone who makes it their job to give financial counseling to those with large bank accounts, you'll regret it in the future if you do not.

+1 dont fuck this up and spend it all. i probably wouldnt spend more than 10% and I'd do something smart with the rest.

[deutschman]

How old are you? Do not spend it one something like car parts or a car, unless that is you already have a house. Hell even if you already have one buy another, and rent that bitch out for more money. Right now seams like a good time to buy a house because prices are so low, and they can only go up again.
At least invest the money in something that will make you more money down the road and is not a gamble like stocks. Maybe even buy some gold for security. Gold will never depreciate.

[jdvorwe]

Yeah, Invest in something stable, basically gold, oil or land. haha. Or could look into an annuity, you give someone (insurance company, investment firm, etc) your money and they give you installments + interest. If you are lucky you could double, triple, quadruple your money. (You get the picture).

If you spend it all on a car, that mostly depreciates, you just end up loosing the money. If you invest and get returns you could have your money and then some for car parts/cars/etc.

Out of the 100,000 you will also be taxed, so subtract roughly 33% right off the bat. I would splurge at most 17%. Save(Invest) at least half of it. A CD is a horrible idea, such a little return (even if a large sum of money), you can find something that will give you much bigger returns

[GThomas]

I'll put a vinyl on my rear window of your name and you can fully sponser my s54 swap.;)

[VRSTLE]

They are all stupid, go to vegas and put it all on black and then spend a month in vegas living off your new 100,000 and then go home and do what ever you want

[jdvorwe]

They are all stupid, go to vegas and put it all on black and then spend a month in vegas living off your new 100,000 and then go home and do what ever you want

You sir are obviously not an accountant, financial planner, etc. lol. Though if family is lucky enough to win the lottery could carry over into other forms of gambling.

[Kershaw]

get a broker. open an account. my family uses morgan stanley and all our accounts grow each year.

to everyone who says dont invest in stocks, you're crazy. if you're looking longterm you can make $50k into $300k over 20 years really easily. and that requires no input from you. just sit on it. and when you're looking to retire in 40 years, you'll be sitting on over $700k. by then you should have your house paid off as well. you can pull $50k a year from that and it should be able to gain it back every year. easy living.

go ahead and listen to people that say "might" or "probably" or "can." this is what my family does right now and it works.

[jdvorwe]

get a broker. open an account. my family uses morgan stanley and all our accounts grow each year.

to everyone who says dont invest in stocks, you're crazy. if you're looking longterm you can make $50k into $300k over 20 years really easily. and that requires no input from you. just sit on it. and when you're looking to retire in 40 years, you'll be sitting on over $700k. by then you should have your house paid off as well. you can pull $50k a year from that and it should be able to gain it back every year. easy living.

go ahead and listen to people that say "might" or "probably" or "can." this is what my family does right now and it works.

Just depends on the stocks you want to buy. He himself should not just go buy the stocks of his choosing on etrade. He should go to a professional like you said and pick a diverse portfolio of companies that will continue to grow. Never said he shouldn't put it in stock market, but requires a lot of know how. Also, a lot of guys at these investment firms work on a commission and will sometimes falsify or lead you in the wrong direction just to make a sale. Best advice is to find a financial planner or CPA that works solely based on fees and not commission, because they will give you the best advice.

[GaryE30]

All terrible ideas thus far.

1. Buy a bunch of hobby rocket motors (I'm talking like 50,000)
2. Build a small space shuttle using balsa wood (its LIGHT like carbon fibahz)
3. Buy a box of matches
4. Go to Sams Club and get a bunch of snack food for real cheap
5. Go live on the MOON!
6. Make history! (e.g., Albert Einstein, Sir Isaac Newton, Neil Armstrong, Michael Clark Duncan, Buzz Lightyear, Justin Bieber + Rebecca Black, INSERT YOUR NAME HERE)

[jdvorwe]

All terrible ideas thus far.

1. Buy a bunch of hobby rocket motors (I'm talking like 50,000)
2. Build a small space shuttle using balsa wood (its LIGHT like carbon fibahz)
3. Buy a box of matches
4. Go to Sams Club and get a bunch of snack food for real cheap
4. Go to the MOON!
5. Live on the moon

If this was facebook I would like this. ;)


One of my acquaintances just spent $5k he had saved up for a car on a full sleeve and booze. Even though the insurance company totaled his car and he fixed it up to were it is barely drivable. So based on his actions, you should: spend the 100k and get tatted like Lil Wayne and throw the party of the lifetime! :drink:(That was actually a true story, sad, huh?)

[GaryE30]

^^ I made a ninja edit, but you got my first rendition.