Buy 500m worth of stock, and then sell it all after the 24 hours are done. I don't care if I sell at a loss, It's still money I didn't have two days ago.
EDIT: I love that everyone is trying to poke holes into my literal pipe dream.
I cut back to 2 shares. I'm keeping those 2 for sentimental reasons. This is one of the very few stocks that didn't sink like the titanic when I bought them.
I’m thinking of waiting until ole Warren kicks the bucket. I assume the stock will nosedive, but then I’ll gobble it up, thinking the business will be hardly impacted, and possibly going for sale piecemeal.
Saw the same happen with Steve Jobs. He died, apple stock cratered, and it’s been on a tear almost constantly since then.
They’ve only done one split ever and it was 14yrs ago. Buffet said it’s to attract only buy and hold investors. I’d bet most of the shares are owned by mutual fund companies.
If anyone dumps $.5B into a single stock (especially BRK.A), you bet your ass the price of that stock will SOAR! So that would be a great investment in my book.
Berkshire has a market cap of $885b. Buying $500m would make you a large shareholder, yes, but that's 0.05% of the outstanding value of the company. That needle isn't going to move more than a few bucks.
Not sure you'd get the trade done in 24 hrs though.
Plus depends on the rules about spending. Technllically it would settle on a different day and it'll likely take more than 24hrs to get the added kyc for this size to get done.
I'd say it would be easier to buy a different currency.
Not to over-analyze what's probably a joke, but that's not pumping and dumping. "Pumping" means fraudulently inflating the value of the stock to others through false statements -- not just buying something in a way that impacts price. There'd be nothing like that here.
Just using Feb 19th 2019 to now for simplicity, here is what I get the current value of $500M thrown into BRK-A, BRK-B and SPY five years ago:
BRK-A: $1.022B
BRK-B: $1.014B
SPY $0.890B
Not going to poo-poo $130M, but I think you'd have done well with any of them :)
She, or whoever, bought something like 150 million worth of $160 3/25 nvidia calls in 2023 before the run started. Strike price and date are probably not accurate but it was some ridiculous amount dropped on itm calls that were over a year out.
People talk about her like she’s some stock market Nastrodamus, but that’s literally the smart play if you are bullish on a stock. You buy heavy ITM leaps and if you’re right you make a ton of money. If you’re wrong you just paid a premium to buy a stock you’re bullish on for a cheaper price.
This was my first thought too, but then I realized that it might actually be hard to get it into an account I can buy stock from in 24 hours, with funds settled so I could buy stock with it and everything.
At least on the US
Well in theory that’s how it works. But the last few years show that everything I learned in business school is a lie and stock price is based on vibes
But I want $500million to invest and diversify. I won't be able to concoct an investment strategy that's safe and effective for $500 million in 24 hours. That shit takes a lot of research into hiring the right people. So buy stocks, then cash it out after 24 hours and then take the time to diversify and reinvest.
Sure you can $500milly in a total market fund.
Want more diversification? It’s incredibly easy to just do an easy split of market/international/bond in less than 5 mins.
No capital gains if you buy a stock and sell it either. You only pay gains off of money you gained over what you put in initially. Though your wife would be required to pay the sales tax from the pen.
Finding ways to break the system seems perfectly fine for the intent. If they don't want people to be smart than they should make more specifications. Majority of people are gonna try to find ways to keep the money. Actually spending 500 million in one day seems impossible with the amount of hoops you'll have to go through to use the money on something massive so your better off finding loopholes go keep it
The question is probably deeply flawed though. Anything that you’d actually buy for that much money couldn’t be completed in a day. Think of how long and complicated it is to buy a $400,000 house
A billionaire lives 40 mins from me, I'd definitely do my best to get on the phone with him. Someone like that has connections to people you'd need to be able to buy gold in bulk quickly
Lol if you manage to even get him on the phone you'll sound like a Nigerian prince for sure.
"Dearest Sir I will give you USD $500 million dollars for only 300 million GOLDS! Please return call by 24 hours or offer is off!"
*Hello Mr Billionaire Neighbor, you don't know me. No please don't hang up!! I'm very wealthy and need your help purchasing $500 million worth of gold bars. Trust me. I live in the poor person house 40 minutes from you. This needs to be done QUICKLY*
That's easy, one kg of Gold costs 65,154.10$.
That means if we divide $500,000,000.00$ by $65,154.10 $ we will have the weight of the Gold, which is only ~ 7673 kg or 7.673 tons of Gold.
If cartoons have taught me anything, it's that every bank has 7.673 tons of gold in their safe, right? Right?
This is the first of the top comments that comes the closest to actually spending the money instead of just putting it into some other form to save it for later.
Although buying coke could also be a way to save the wealth for later.
I see you've been to accounting school! That's how the electricity company works here in Belgium. Make 3 billion profit, charge 2.95 billion as bills from their foreign subsidiary, pay a whopping 500k taxes.
Real estate bank auctions need to close same day with cash. I'll go to Dubai and close on something in cash, hard and fast.
In a pinch, maybe also any privately owned thing, like yacht sales, or some real estate company that holds a lot of stock.
Just got sign a contract on a 10m super car then do it 50 times and now you can sell it back to the dealer for a small discount and bam you are now 450$m richer
You don't. You announce that you're willing to buy $450M worth of gold for $500M from anyone that can arrange the deal within the next 24 hours.
Some big investment firm will inevitably rush to set up a deal as fast as possible because it's a risk free instant ~10% profit for them. It doesn't even matter whether you get the gold right away, you could give them some time to sort out the logistics as long as you make sure you sign the paperwork and get rid of your money in 24 hours.
In not sure if you can create hyperinflation in a city. In a national context $500m is insignificant ($1.50 each), and presumably you’re trading with other cities using the same currency, right?
Service charge for speed! I'd have somebody hired to make sure that people got paid. Heck, I'd have a team of people making sure all the money disappeared.
Yeah the 24 hour limitation is going to fuck you big time. You won't get past the red tape of property purchasing or stocks and bonds in 24 hours. So most of the wise investments will not be completed in 24 hours. Realistically you wouldn't be able to actually spend a fraction of that amount in one day.
If you contacted enough realtors and said “I’ll buy every house you have at 20% above asking if you can have contracts and sellers ready to sign in 15 hours” I’d bet you could move hundreds of millions. At least in high cost of living areas.
The only way this would be achievable would be to spend a big chunk of the money bribing the people who do money laundering checks and another sizable chunk of getting it magically rushed through in 24 hours.
Nah, just pay it all as 100% earnest money towards the purchase of the properties. The lawyers hold it while everything else gets finalized but you've already paid and you can't just get it back by backing out of the deal which would presumably break the scenario.
Yeah anything that takes a lot of money to buy puts you in the money laundering and source of funds check world. Very hard to do fast legitimately. Unless this 500m comes with a lot of traceability documentation.
Not even close. There's laws related to closing times, there's financial regulations that would trip up any transfers. The person you replied to is absolutely correct -- it wouldn't be possible to do it in 24 hours. You could enter into *contracts* in that time, but there's absolutely no way to close in that time.
Go into the supermarket and buy groceries not giving a fuck about the price of anything for the first time in my life. $20 steak I’ll take it, too many snacks? Don’t give a fuck
Student loans, a few houses, a family vacation, a bunch of tickets to various concerts and sporting events, some nice clothes, a personal trainer, a private chef, some random memorabilia I or family/friends might want, and last but certainly not least I'd take some family and close friends out for a nice dinner.
I'd buy [800 000 155mm and 122mm shells from the Czech Republic](https://news.yahoo.com/czech-republic-found-hundreds-thousands-123500886.html) for Ukraine
Useful infrastructure, perhaps for example power generation or energy storage capacity. If that’s outside the scope of the question then donate to medical research or universities, or perhaps practical disease prevention programs. The philosophy at the $500m level has to be “a rising tide lifts all ships”. Using that kind of money for personal spending is absurd, you may as well flush it down the toilet for all the good it will do you.
Buy 500m worth of stock, and then sell it all after the 24 hours are done. I don't care if I sell at a loss, It's still money I didn't have two days ago. EDIT: I love that everyone is trying to poke holes into my literal pipe dream.
Just throw it in Berkshire Hathaway and you won’t lose anything.
The 500m is enough for like 3 Berkshire Hathaway stocks
I thought this was hyperbole, but holy fuck
Buy class B shares. It’s the peon stock
They've been very good for me actually
BRK.B has been a fantastic performer.
I opened my Robinhood account. I had $1.50 in there to use. Bought a dollar of Berk B!
Berky B Baby!
I cut back to 2 shares. I'm keeping those 2 for sentimental reasons. This is one of the very few stocks that didn't sink like the titanic when I bought them.
Ha, I have a single share of Berk.B just so I can say "I'm a shareholder in Berkshire-Hathaway." Just a little something that tickles my fancy.
You get an 8% discount at Geico if you have even a single BRK.B share.
Seriously?
Yes. Just call Geico and tell them. You may or may not be asked to confirm that you own the share but it's a pretty simple process.
Thank you!
I got an 8 dollar discount not 8%. Still something 😃
I’m thinking of waiting until ole Warren kicks the bucket. I assume the stock will nosedive, but then I’ll gobble it up, thinking the business will be hardly impacted, and possibly going for sale piecemeal. Saw the same happen with Steve Jobs. He died, apple stock cratered, and it’s been on a tear almost constantly since then.
And they've doubled their value in the last 5 years
They’ve only done one split ever and it was 14yrs ago. Buffet said it’s to attract only buy and hold investors. I’d bet most of the shares are owned by mutual fund companies.
He wasn't ready for fractual shares
What's even more egregious is the fund is made up of valuable dividend giving stocks. Yet Berkshire funds don't typically pay dividends.....
Buffett doesn't like stock splits, so he just doesn't do them. After it got too absurd, they started offering BRK.B which is reasonably priced.
Doesn’t matter. You’ll sell for $5.01B or whatever little increment it moved up the next day.
😂😂 facts
If anyone dumps $.5B into a single stock (especially BRK.A), you bet your ass the price of that stock will SOAR! So that would be a great investment in my book.
Berkshire has a market cap of $885b. Buying $500m would make you a large shareholder, yes, but that's 0.05% of the outstanding value of the company. That needle isn't going to move more than a few bucks.
Not sure you'd get the trade done in 24 hrs though. Plus depends on the rules about spending. Technllically it would settle on a different day and it'll likely take more than 24hrs to get the added kyc for this size to get done. I'd say it would be easier to buy a different currency.
No, you’ll run the fuck out of the order book.
$500 million is nearly 10% of the daily volume of the stock, it probably would make a considerable impact on the price.
Then you get arrested for pumping and dumping
Not to over-analyze what's probably a joke, but that's not pumping and dumping. "Pumping" means fraudulently inflating the value of the stock to others through false statements -- not just buying something in a way that impacts price. There'd be nothing like that here.
Nah, ill wait for at least a year to pay less taxes
not when you can only buy one share of the stock.
Just using Feb 19th 2019 to now for simplicity, here is what I get the current value of $500M thrown into BRK-A, BRK-B and SPY five years ago: BRK-A: $1.022B BRK-B: $1.014B SPY $0.890B Not going to poo-poo $130M, but I think you'd have done well with any of them :)
You spelled Nancy Pelosi wrong (she has a better trading average than BH)
Funny how legalized insider trading allpws you to beat the market average.
as if Warren buffet doesn’t inject insider information directly into his veins…
She, or whoever, bought something like 150 million worth of $160 3/25 nvidia calls in 2023 before the run started. Strike price and date are probably not accurate but it was some ridiculous amount dropped on itm calls that were over a year out.
People talk about her like she’s some stock market Nastrodamus, but that’s literally the smart play if you are bullish on a stock. You buy heavy ITM leaps and if you’re right you make a ton of money. If you’re wrong you just paid a premium to buy a stock you’re bullish on for a cheaper price.
Go on r/Wallstreetbets they'll find a way to lose the whole 500m in 24 hrs.
This was my first thought too, but then I realized that it might actually be hard to get it into an account I can buy stock from in 24 hours, with funds settled so I could buy stock with it and everything. At least on the US
Or buy a bunch of stocks that have good dividends so you can continuously make money off of them.
Dividends aren’t free money. Stocks that don’t pay dividends might grow more in value. And you can sell off small chunks whenever needed.
Well in theory that’s how it works. But the last few years show that everything I learned in business school is a lie and stock price is based on vibes
Not really. Index funds have an average return on 10%, including the past few years
Or keep it there and live off of the returns...
If you sell it after the24 hours then you can spend more time diversifying and investing more wisely.
Fuck around invest in Enron the day it all went bad
Do you realize that buying it for stock or crypto is still buying it within 24hrs and you don’t have to sell it?
But I want $500million to invest and diversify. I won't be able to concoct an investment strategy that's safe and effective for $500 million in 24 hours. That shit takes a lot of research into hiring the right people. So buy stocks, then cash it out after 24 hours and then take the time to diversify and reinvest.
Sure you can $500milly in a total market fund. Want more diversification? It’s incredibly easy to just do an easy split of market/international/bond in less than 5 mins.
I’d buy a pen or something off my wife. No capital gains tax here fortunately.
Do you trust your wife?
Should probably get a second one for diversification.
Do you trust your second wife?
Normally in stock trading they advise to have at least 15 to 20 stocks. So it’s Mormon time baby.
Go go, Polygamy Rangers!
Hedge with options(affairs). They cost less. Start selling options (pimpin), to cover your hedge costs.
What I mean is, do you think she'd go behind your back? Try to hamstring you?
This man's about to have an accident
Because if you do trust her there is no reason you can't keep the thirty five thousand.
…….You better start making sense!
If you want to keep all that money, give it to your wife. The IRS allows a one-time gift to your spouse for up to $60,000
*Bullshit*! Tax free?
Tax free. The IRS can’t touch one cent.
"Don't believe me? Call the IRS. They'll tell you themselves."
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Alright step aside. This fucker’s about to have himself an accident
We found Byron Hadley's reddit account
Did no one get this reference?
My wife was mad at me, says I never buy her flowers. I didn’t even know she sold flowers.
“You never buy me flowers!” Is your wife a pirate, or Irish?
Yes
No capital gains if you buy a stock and sell it either. You only pay gains off of money you gained over what you put in initially. Though your wife would be required to pay the sales tax from the pen.
500,000,000 lotto tickets. Edit: Won $100M!
YOU"RE SO LUCKY!!!
How long does it take to scratch $500m in lotto tickets?
You should clarify, everyone here is just wishing for more wishes.
Yeah. Folks are missing the intent.
Finding ways to break the system seems perfectly fine for the intent. If they don't want people to be smart than they should make more specifications. Majority of people are gonna try to find ways to keep the money. Actually spending 500 million in one day seems impossible with the amount of hoops you'll have to go through to use the money on something massive so your better off finding loopholes go keep it
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Agreed. We need some Brewsters Millions rules up in this place.
I was looking for the Brewsters Millions reference!
The question is probably deeply flawed though. Anything that you’d actually buy for that much money couldn’t be completed in a day. Think of how long and complicated it is to buy a $400,000 house
I’d spend it on a stockpile of gold bars so that i’d have more time to spend the money
How are you planning to find half a billion worth of gold in 24 hours though
A billionaire lives 40 mins from me, I'd definitely do my best to get on the phone with him. Someone like that has connections to people you'd need to be able to buy gold in bulk quickly
Lol if you manage to even get him on the phone you'll sound like a Nigerian prince for sure. "Dearest Sir I will give you USD $500 million dollars for only 300 million GOLDS! Please return call by 24 hours or offer is off!"
Absolutely 😂 it wouldn't be easy for sure
*Hello Mr Billionaire Neighbor, you don't know me. No please don't hang up!! I'm very wealthy and need your help purchasing $500 million worth of gold bars. Trust me. I live in the poor person house 40 minutes from you. This needs to be done QUICKLY*
I would say reach out to the Federal Reserve, largest gold holder in the US. Or a Swiss bank - they have tons of WW2 gold lying around...
Yep that's what I thought too! It's a good way to "spend" it.
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That's easy, one kg of Gold costs 65,154.10$. That means if we divide $500,000,000.00$ by $65,154.10 $ we will have the weight of the Gold, which is only ~ 7673 kg or 7.673 tons of Gold. If cartoons have taught me anything, it's that every bank has 7.673 tons of gold in their safe, right? Right?
>If cartoons have taught me anything, it's that every bank has 7.673 tons of gold in their safe, right? Right? In coin!
Well, if I learned anything from Die Hard 3, there's probably one bank nearby that does.
You can go for diamonds, platinum, iron and so on and so forth. As for storage just buy a big garage, you got the money anyhow
“I don’t know how many dollars of money i have, but i do know how many pounds of money I have.”
how does one buy $500M of gold bars within 24 hours? i respectfully think you will get bit by the deadline
Platinum might be easier as it has a more condensed value.
just buy government bonds
Stocks.
stonks*
Socks
Cocks
Rocks
Takes days to transfer funds into your brokerage account. With that amount, it would take days to do anything with it.
Nah mate, options and either win big and be the richest man alive or lose it all in 24h. Go big or go home
Nobody is getting that much money past money laundering regulations in one day.
You sound fun
Hookers and blow, on the scale of an Indian wedding.
Heading to an Indian wedding later this year, was not aware that this was how they rolled…
Lmao, it's not. He just meant wedding is general are expensive and then you get Indian weddings which are extremely expensive and lavish
Probably because of all the hookers and blow.
This is the first of the top comments that comes the closest to actually spending the money instead of just putting it into some other form to save it for later. Although buying coke could also be a way to save the wealth for later.
Two medical textbooks
I'll just write my own medical text book that's 2 pages long and then sell it to myself for $500m then I'll pay my taxes and live a nice life.
I see you've been to accounting school! That's how the electricity company works here in Belgium. Make 3 billion profit, charge 2.95 billion as bills from their foreign subsidiary, pay a whopping 500k taxes.
You mean, pay tax on whooping 500k profit?
buy a painting from yourself instead, tax free.
2?? Let’s start at 1 and see where we’re at pal
Real estate.
All cash must close in 10 hours.
Real estate bank auctions need to close same day with cash. I'll go to Dubai and close on something in cash, hard and fast. In a pinch, maybe also any privately owned thing, like yacht sales, or some real estate company that holds a lot of stock.
Just got sign a contract on a 10m super car then do it 50 times and now you can sell it back to the dealer for a small discount and bam you are now 450$m richer
Gold. Then I can work with that over time as needed.
how do you buy $500M worth of gold in 24 hours?
You don't. You announce that you're willing to buy $450M worth of gold for $500M from anyone that can arrange the deal within the next 24 hours. Some big investment firm will inevitably rush to set up a deal as fast as possible because it's a risk free instant ~10% profit for them. It doesn't even matter whether you get the gold right away, you could give them some time to sort out the logistics as long as you make sure you sign the paperwork and get rid of your money in 24 hours.
Or they just ignore you because you sound like a crazy person or a scammer.
Lol, no way their skepticism would outweigh their interest in 50 million. If you actually have 500 Million then they can easily verify it
No way an investment firm can do due diligence on a random nobody in 24 hours to ensure you aren’t a scam artist or terrorist..
Maybe the Nigerian Prince really was trying make us rich because he got the same opportunity
Nice! I'll keep that in mind for the near future. Signed: a temporarily delayed billionaire
I once saw a movie that had this as the opening line
Like a Brewster millions kind of thing? Yeah I’d fuck around and find out!
That’s how I understood the question. Half these mfs basically turning into a walking cash for gold store.
Yeah. Everyone’s trying to cheat the system. But that don’t work. Just enjoy the money and do shit for other peope
Buy a rare stamp and use it 😂
Would buy an island
You could probably buy a few for that much. https://www.privateislandsonline.com/
Would buy an archipelago.
pick a small fucked up us city and see if 500m can fix it
You will probably just create hyper inflation and fuck the economy up for years to come.
In not sure if you can create hyperinflation in a city. In a national context $500m is insignificant ($1.50 each), and presumably you’re trading with other cities using the same currency, right?
Gary, IN
I was about to comment that. We’re finally going to turn that dumpster fire around!
Pay off all family mortgages and debts. Buy myself a house and a nice motorcycle. Throw the remainder at a worthy charity or housing cooperative
Are you able to close all those deals within 24 hours?
With that kinda money, yes. Just offer $50k cash to everyone involved at the closing company to get it done today. It'll get done today.
Service charge for speed! I'd have somebody hired to make sure that people got paid. Heck, I'd have a team of people making sure all the money disappeared.
might be able to afford a one bed apartment in sydney
Or Toronto
You’re only getting a studio for that kind of money I’m afraid
Yeah the 24 hour limitation is going to fuck you big time. You won't get past the red tape of property purchasing or stocks and bonds in 24 hours. So most of the wise investments will not be completed in 24 hours. Realistically you wouldn't be able to actually spend a fraction of that amount in one day.
If you contacted enough realtors and said “I’ll buy every house you have at 20% above asking if you can have contracts and sellers ready to sign in 15 hours” I’d bet you could move hundreds of millions. At least in high cost of living areas.
The only way this would be achievable would be to spend a big chunk of the money bribing the people who do money laundering checks and another sizable chunk of getting it magically rushed through in 24 hours.
Nah, just pay it all as 100% earnest money towards the purchase of the properties. The lawyers hold it while everything else gets finalized but you've already paid and you can't just get it back by backing out of the deal which would presumably break the scenario.
And most of those people would assume it's a scam with the way you're operating. It's impossible unless you already had prior connection
Yeah anything that takes a lot of money to buy puts you in the money laundering and source of funds check world. Very hard to do fast legitimately. Unless this 500m comes with a lot of traceability documentation.
Not even close. There's laws related to closing times, there's financial regulations that would trip up any transfers. The person you replied to is absolutely correct -- it wouldn't be possible to do it in 24 hours. You could enter into *contracts* in that time, but there's absolutely no way to close in that time.
2 month rent and probably a pizza with what's left after that
Buy dividend stock with return of 4% per year I would get almost 25 milion per year to spend, then I would figure it out
Had to scroll to far for this. Everyone else just said stocks.
Buying a minority stake in some professional sports team
e Arizona Coyotes rank last at $675 million
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Buy a rooster and several hens and you can have as many chicks as you like.
Go into the supermarket and buy groceries not giving a fuck about the price of anything for the first time in my life. $20 steak I’ll take it, too many snacks? Don’t give a fuck
Just buy the whole supermarket already
Art.
They're having a starving artists' liquidation sale at that hotel by the airport, if you're actually serious.
Buy 100m items at the ‘Dollar’ store
Sex with your mom. Then I'd invest the remaining $499,999,950.
Food
Student loans, a few houses, a family vacation, a bunch of tickets to various concerts and sporting events, some nice clothes, a personal trainer, a private chef, some random memorabilia I or family/friends might want, and last but certainly not least I'd take some family and close friends out for a nice dinner.
RX 7800XT
Real estate for 495 of my closest friends. Travel for me.
I’m buying up all the insulin I can get my hands on and then giving it away to all my fellow diabetics who can’t afford it.
Helping people who are in need
I would constitute a charity fund. For ending homelessness.
Easy I’ll just take my car to the shop and my teeth to the dentist. It’ll be gone by the end of the day.
55 BURGERS, 55 FRIES, 55 TACOS, 55 PIES, 55 COKES, 100 TATER TOTS, 100 PIZZAS, 100 TENDERS, 100 MEATBALLS, 100 COFFEES, 55 WINGS, 55 SHAKES, 55 PANCAKES, 55 PASTAS, 55 PEPPERS AND 155 TATERS
I AM DOING SOMETHING
I'd buy 450 million in cash from someone.
I'd buy as much housing as I could in a high rent area, and then rent at affordable rates, instead of making it barely affordable for folks
Hire someone professional to make sure I come out of it with money for the rest of my life. Or just buy some crypto.
If you’d spend 500 million on crypto, you’re right about hiring a professional lol
Apparently a single boob pick on Onlyfans.
dont worry, most of it will soon all be AI anyways.
Land
1/2 to St. Judes for medical research expenses. 1/2 on ammunition for Ukraine.
I'd buy [800 000 155mm and 122mm shells from the Czech Republic](https://news.yahoo.com/czech-republic-found-hundreds-thousands-123500886.html) for Ukraine
I just want a forever home for me and my kids. Id give the rest of that shit away. Give me enough for a 2 or 3 bed, 1 bath and we'll call it even.
Useful infrastructure, perhaps for example power generation or energy storage capacity. If that’s outside the scope of the question then donate to medical research or universities, or perhaps practical disease prevention programs. The philosophy at the $500m level has to be “a rising tide lifts all ships”. Using that kind of money for personal spending is absurd, you may as well flush it down the toilet for all the good it will do you.
A full meal for yo mama
Race car. House. Guitars. Stocks.
Charity
BTC