What should I do??? Please help!

Do not buy now. Go to Bahamas. Write to us from there a postcard

Whatever you do, please, let us know.

If you are holding indefinitely I think you will be OK. #2,#3,#4, you are being very rude.

My advice: Don't ever try to time the markets. Not the stock market, not the real estate market.

Find an apartment you love, enjoy living there, hold on to it through the market hiccups, and you will be fine.

Agree with #6. If you know you will hold this place for at least 10 years as you say (the test for me was 5 years when we just bought), then buy as soon as you find the right place. Make sure you buy the place you really want to live in and not someplace you are buying just because it is a good deal. By the time you get to that 15 year point, the market will have gone up an down a couple times and you just cannot time that.

Sure, find a place you love & buy it. If you're looking to spend all cash of 3 - 3.5 mil you must have plenty besides that. What I'm trying to say is, don't put all your eggs in one basket. If you don't have lots more than the 3.5 then buy a place for 2 or 2.5 & diversify your portfolio with the remainder.

Thanks for the advice 5, 6, 7 and 8. To the others, you're a bunch of jerks. If you don't have anything worth saying then you should keep your mouth shut. #8 after I buy I would have $15MM leftover cash, am I spending too much?

#9. If you don't have a financial advisor I recommend that you get a top-notch firm or individual. You're regular bank probably has a high net worth service, or you can through an investment house like Merril or other smaller boutiques. They can be very valuable in helping you figure out what you should spend based on where you want to be in the next 10, 20, 30...40 years and how you want the quality of your life to be like. No, I'm not a financial advisor and I'm not in the business, I've just great experiences with them. If you'd like a referral, I'm more than happy to provide outside of this board. You can email me at: pterin85101@mypacks.com. For all of the potential weirdos on this board, my real email address is protected; this is a dummy buw working email address provided to me by earthlink to use, well, when ordering on-line, or open boards like this!

I think you should donate at least 2M to Hillary's campaign, so she could raise your taxes

I would rather have my taxes raised #11, than have a President who is itching to start WW III.

Let's leave idiot boy Bush for another board. I'm #8 & I'm not a money manager so I don't feel qualified to make those decisions for you but remember, a fool & his money are soon parted so I'd be conservative. I always say, "Any fool can spend it; it's hanging on to it that is difficult." Good luck!

Thanks for the advice everyone and just for the record, I will NEVER donate money to a political campaign EVER! Why would I donate money to someone's campaign when you can donate it to something more useful like starving children in the third world. Political campaigns aren't on the bottom on my list of things to donate to, they aren't on it AT ALL. As you can see, I'm not into politics at all. There are soo many things wrong with the way the government works... forget it. Just thinking about it makes me anxious and angry. So to recap, thank you to everyone who gave me legit advice, please, keep it coming!!

If you have 15M in cash, then a 3M place is only 20% of your assets in real estate. I'm not a financial planner, but that sounds pretty good to me. You could also try to use "all-cash" as a negotiation tactic.

The problem with these boards is you have ppl with no assets trying to tell ppl with actual assets what to do. They don't understand diversification, because they have nothing. Once you have money, you have the problem of what to do with your money.

When your local Communist party tries to seize your apartment, you'll care about politics #14.

No need to worry #16, the biggest inroad Hugo Chavez has made into America is selling a few million gallons of heating oil in the Bronx for cheap. I doubt local Communists will gain much power from that.

Why is a person with 15MM in assets posting on a board like this?? You guys are all falling for this B.S.??

Actually. he says 15MM in cash, not assets - so his net worth could easily be 30MM+.. which is a crock of sh*t because no one with that kind of net worth would be asking for advice from a bunch of anonymous losers on a public board..

See what i mean. People without money cannot fathom that people with money don't know what to do with it. Its not as easy as just throwing 15M into a high interest savings account.

I can relate to anonimous loser