I have asked this question to countless people (mostly in hair salons) as an alternative to small talk, and it always yields interesting results.

Rules:

  • You get the money right now, right where you are. If it’s 10pm and you’re in the middle of nowhere, your money will still go poof at 11pm.
  • As a result of the above, tell us what time it is and roughly where you are (big city, desert, small town, …)
  • You must spend the money. You cannot give it to someone to hold on to it for you for a while.
  • Normal world rules apply, e.g. you cannot buy a $250k car at a dealership in 1h in cash, and you cannot buy a house in 1h either.
  • Remember that getting from where you are to the place you need to go takes time. Factor that in!

Edit: I’m glad you guys had fun with this one. Feel free to post similar hypothetical questions. I kinda like these.

Edit edit: Free advertising 😅 --> I run and maintain an open source push notification service called ntfy, which let’s you send notifications to your phone via PUT/POST, like curl -d "backup successful" ntfy.sh/mytopic. Go check it out.

    • SpliceVW@vlemmy.netEnglish
      2·
      1 year ago

      The post specified cash. How would you purchase $1m in index funds with cash in an hour?

      • NattyNatty2x4@beehaw.orgEnglish
        2·
        1 year ago

        Bring it to my bank, deposit, then purchase online.

        Though I’d leave it in my index fund, on average they perform better than actively managed accounts

        • towerful@beehaw.orgEnglish
          3·
          1 year ago

          I think getting to a bank, explaining where 1M in cash came from, getting them to accept the deposit, getting them to count it, then spending it in less than an hour is not feasible.

          Because, depositing it in a bank is not enough.
          It has to be spent.
          So, if you don’t spend it then the bank is left without however much disappears… If that makes sense.

          And, given that, I don’t think investing is a suitable application.
          Otherwise, just invest it directly at the bank.
          Maybe you don’t get inflation-beating interest (ie, if it was your 1M you would be losing money), but after whatever-term you get 1M of clean money to spend.