Both the Carrera and Lambo can be had for less than 300K. I guess we may have different definitions of the word "decent". I have an S500 that I paid less than 100K for that I consider well beyond decent. There are some daily drivers that be had for high 20's that I would call decent. I guess it's all relative.
Definitely. Btw, last I checked the Carrera GT was over $300. Of course the Lambo can be had for under $280 -Fast
JackFrost: I manage a family trust whose value is quite a bit larger than you speak about. I don't see much to work with from the preceding comments, so I'll offer the following: 1. As you become responsible for larger amounts of cash, it is important to DIVERSIFY. You will need to learn about allocation and how it helps you to reduce risk. The only ways to do this are to know a good fund manager who will assist you, or start reading. On this subject, one of the best books is "Asset Allocation, Balancing Financial Risk" by Roger Gibson. Also "Winning the Loser's Game" by Charles Ellis. I would read these before putting money to work and before determining a portfolio mix. 2. To manage a portfolio for tax implications, one needs to know the latest tax law as it relates to long and short term investing and dividend taxation. If you don't have this down, you need to start on this as well. I don't have a recommendation as I have a tax specialist advise me. 3. To manage risk, a good money manager needs to know how to use derivative instruments. Start with standard texts on options by McMillan, Nattenberg, Cottle. OK, so by now you may be getting the idea. First 400k isnt really that much. In fact it is on the low end of the spectrum, and finally, it takes skill and experience to manage big numbers. This is why good fund manager command big salaries and yearly bonuses for good performance. Also it is why they sometimes get "whacked" (because it is very hard to "beat the market" on a consistent basis). Bottom line (and I hope you take this seriously) is that if you should move the money into a safe haven first, even though it will not earn much interest, and start to get educated. If you are new to this scenario, dont trade. Good luck, Steve46
I know several individuals that still trade eminis with $400K+ accounts. $400k is not really that large an account in terms of the pro trader.