06-07-2014, 10:02 PM | #1 | |
Retired BMW Genius
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What would you do with $200,000
How about buy an BMW M5 30 Jahre Edition?
Quote:
http://www.worldcarfans.com/11406067...for-200000-usd |
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06-08-2014, 07:35 AM | #8 |
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This but in addition to the M5 I already own, not that overpriced car on ebay, that guy is dreaming anyway. When my well get's frac'd, I am expecting a check that size for the first month. Of course it might not be that good or it might be better but I am still waiting on the frac. Next week maybe.
I did that in 2002. Therefore, I feel perfectly OK spending money on cars these days. Last edited by wrsbmw; 06-08-2014 at 07:56 AM.. |
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06-08-2014, 09:05 AM | #9 |
Curve Thrasher
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I don't blame ya wrsbmw. Then you need a 35' Cigarette top gun w/ twin 900sci motors, speedmaster 3 and a captains hat. I'll show ya how to drive it.
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06-08-2014, 09:31 AM | #10 | |
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Quote:
Without actually having the oil well produce, I can imagine all kinds of nice production rates that generate big checks. It's really all about the frac though and that still has to happen. It's supposed to be next week. The operator had two wells going and decided to frac the other one first and it should be done today. In the meantime, I am still playing the imagination game. The best checks are always the first couple of months. I calculated that if the well next to me were paying me a check, I would have $650,000 out of the first seven months production and still be making about $70,000/mo. According to the operator, he says the logs are telling them that this well should produce about 30% more than the well next door. We shall see about that. |
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06-08-2014, 10:15 AM | #11 |
Curve Thrasher
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Bro you have no worries.. With all that upcoming cheddar just get you a couple acres and put the new home on it. The pool/garage will be no problem.
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06-08-2014, 07:52 PM | #12 | |
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Quote:
http://www.powerboatlistings.com/view/28517 |
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06-09-2014, 09:49 AM | #14 |
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Depends on what percentage of your liquid net worth is $200k after taxes. If > 10%, IMO is not wise to drop it on a car. With $200k, I can appreciate that money at a very conservative 7-8% / yr. If I had $200k of disposable income that will not impact my finances by less that 10%, I would get either a 911 Turbo or Mercedes SLS AMG black series. Or, get the next gen M5 and a loaded Cayman S. I feel that the M5 already grabs so much attention from people who know their cars, I don't need to be any more flashy. Even in the Bay Area where every other car is a Tesla or some luxury car, I still see stares, glance overs, and compliments. People here are house rich, with a majority of their net worth in equity of their home(s). Many can't afford to spend on any $100k+ car with a $1m+ mortgage to pay. I need to make my SF tech money in a cheaper state. What many of you get for a 3-4 bedroom house with 3 car garage, we only can get a studio or one bedroom condo here. F'n ridiculous. When I watch HGTV and see really nice houses for < $500k, I get so pissed. That is ghetto living here in the Bay Area in neighborhoods you want to avoid.
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06-09-2014, 10:25 AM | #15 |
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Payoff my current M5, my wife's current F-Type, outsource the finishing of my '58 F-100 with some crazy power-train and suspension items, finish out the upstairs 2000 sq ft for my dream theater, and have $50,000 left for a rainy day!
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06-09-2014, 10:48 AM | #16 |
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06-09-2014, 12:33 PM | #17 |
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06-09-2014, 12:43 PM | #18 |
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$200K!! Income property in a hot second.....especially in a real estate market that's heating up. Everybody is going to start renting soon. And besides, with no kids and retirement contributions almost at max, I really need my home mortgage since it's basically my primary tax shelter.
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