"Here's $2m... now, what would you buy?"
It's a lovely thought isn't it?
You have $2m to spend. Actually spend, no dithering, because you only have 10 minutes to make your decision.
We've been talking about it in the office this week.
You see, we've been asked to compile a $2m list of collectibles for a newspaper article "Here's $2m... now, what would you buy?"
It's been an interesting little exercise.
The newspaper was also approaching a real estate agent, a jeweller and a car dealership.
I don't know what those guys recommended. But I'd imagine $2m in their particular categories didn't buy much.
I've had a look myself...
$2m would currently buy you a one-bedroom apartment in central London, just behind Harrods. A nice location but you don't get a lot of floor space for your money, just 750 sq ft.
Oh, and it's leasehold, not freehold. You have the right to live in the apartment for the next 55 years; after that ownership returns to the freeholder. Certainly long enough for you to enjoy the apartment but not too good as an inheritance for your children and grandchildren.
Now take a walk down Park Avenue, New York... I'm sure you wouldn't get much change from $2m if you bought a diamond necklace from a high-end boutique.
How about a supercar? Well, $2m will get you a very exclusive Bugatti Veryon - but no change to fill the fuel tank. You'll need to borrow $275 to do that - and it uses up a litre of fuel every two miles.
Now naturally I'm biased, but our collectibles list tells a different story.
The world's rarest collectibles...
$2m buys 20 of the rarest items imaginable.
Each is steeped in history and has a story to tell. These are items and events you read about at school.
And, remarkably, these items are not in museums. Not yet, anyway.
As collectors we have the opportunity to own these unique pieces of history, we can enjoy them on a daily basis and pass them to future generations as valuable family heirlooms.
We've said it before... with interest rates at historical lows there really isn't a better place to put your money right now.
And as you'll see, compared to property, diamonds and supercars these world-class collectibles look distinctly undervalued!
You can see the $2m portfolio on this link.
P.S. We're always delighted to hear from our readers. What would be your dream collectible if you had a $2m windfall?