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/biz/ - Business & Finance


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18899468 No.18899468 [Reply] [Original]

If you got rich suddenly very quickly , let’s say 10M USD+. How would you manage your wealth to keep it growing and keep yourself out of the spotlight?

>> No.18899487

>>18899468
Not tell anybody.

>> No.18899506

>>18899468
nothing, that's enough to /make it/ comfortably and I would pull out.

>> No.18899517

>>18899468
>link meme

Don't worry about it. You won't have to deal with managing wealth.

>> No.18899520

>>18899468
if someone gave me $10 million tomorrow I would go all in bitcoin

>> No.18899532

>>18899468
sergay betrayed us all, we were supposed to be all in this together

>> No.18899537

XMR and generally maximum financial obfuscation to invest in crypto or stablecoins discreetly

>> No.18899545

Hookers and blow. Then suicide in a motel 6 off i95 in the middle of nowhere

>> No.18899547

Don’t tell anyone. Maybe tell close friends in crypto I got a lil but nothing huge if they ask.
10m USD? Pshhhhhhhh, I’m set. Fuck tryna get more money than that. I don’t need more than that, call me simple. Find wife don’t tell her about gains till she has my seed.
>also incentive not to spend huge before getting that part settled

>> No.18899556

>>18899468

live off the interest somehow since I think even a modest return of 4% is $400k and if you kept half in BTC and ETH and LINK spread evenly to keep growing then 4% of 5M is $200k which seems like a nice living anyways for passive income.

>> No.18899558

>>18899468
Ethereum mixer , multi sig, biometric scanners , titanium ring

>> No.18899564

>>18899547
>Find wife don’t tell her about gains till-
ngmi

>> No.18899575

>>18899468
The same way rich people do everything: pay someone else to do it. To stay out of the spotlight, don't make ostentatious purchases. Don't tell anyone how much money you have. If anyone asks, I'll say I have rental property and live off of the profit.

>> No.18899577

>>18899468
make sure you get a virgen wife

>> No.18899670 [DELETED] 

>>18899468
2M in corporate bonds. 2M in high yielding ETFs, such as SOX, SOXL, UPRO, QQQQ, etc., 2M in real estate, probably an apartment building in an upcoming area, some land or some shit. 1M in cocaine, 1M in high dividend REIT/MREIT's, buy a small house with the rest and keep the rest in cash.

>> No.18899720

>>18899468
Don’t be super spendthrift. Don’t buy a Lamborghini or luxury items. If you make investments wether stocks or bitcoins or real estate, don’t talk about it with your friends and family.

>> No.18899785

>>18899547
It would be best to let her think you're a bit above making ends meet. Say you run a json parser aggregation node when you're really paying yourself 100k a year for shitposting on /biz/.

>> No.18899888

>>18899785
>>18899547
i plan to simulate borderline poverty for a few years to make sure she's committed but then i'll catch some "lucky breaks" that inch us up the socioeconomic ladder, interspersed with "cashflow problems" that I always somehow weasel my way out of.

>> No.18899989 [DELETED] 

>>18899888
You're a true lad. Godspeed. Never let a whore know how heavy your bags are.

>> No.18900020

>>18899468
Diversify it in index funds, bonds, real estate, crypto. Don’t flex on normies just buy reasonable shit. Dress in nice but not ostentatious clothing. If you really have to have a mansion move to a different city where no one knows who you are. Or else get an apartment in NYC and keep all your degenerate bullshit up there. Do not tell ANYONE in your family or ANY of your friends that you’re rich. Never fucking tell them. That is what fucks people over. Family will turn on you in a heartbeat if you have a ton of money.

As far as acquaintances and friends, one good thing about being older is you don’t have a ton of twenty-something faggots getting into your business and wondering how you got rich because everyone in their thirties and up is worried about their own shit exclusively.

>> No.18900115
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18900115

>>18899989
thank you. they prefer uncertainty, so that is what i will provide.
enjoy your coke jan

>> No.18900140

>>18899545
can you leave me the rest of the 10 million you didn't spend on hookers and blow before you suicide?

>> No.18900289
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18900289

>>18899468
My link stack is worth more than this. I unironically leveraged it in Aave and bought more link.

>> No.18900315

>>18899670
>corporate bonds
the worst of both worlds

>> No.18900346

>>18899468
Put chainlink logos all over my lambo, everyone will assume it's a rental

>> No.18900681

>>18899468
i dont have $10mn, but i have $1.5mn .. not terribly rich, givent hat im 32 i probably still need to work a while.

but yeah i have it it 60% stocks, 30% crypto, 10% cash. I dont have a real estate yet bc the ROI is too low.

>> No.18900945

I wouldnt, thats enough. Id put it in a high yield savings, say 2% annual interest and live off 200k a year. Greed will be the end of you, you have to take the money and leave.

>> No.18900988

>>18900681
That's enough to move to east Asia and retire comfortably.

>> No.18901097

>>18899468
Well.
Let's start with a house in a nice nice area, or a nice penthouse condo. One of those you will choose to live for a while. Obviously wont tell anyone about nothing. Do everything in silent mode, living in the same shithole shared house with other uni students, sleeping in the same shit bed until I get the place to live.
Move to the new place, hire a dietician, hire a personal trainer, get healthy. Still live within basic means and keep on meditating for 2 hours a day minimum.
After a month of cleaning my body and my mind decide where to spend the monies.
But another flat potentially for renting. Allocate it to an agency so they deal with all the shit.
Buy some gold, buy some silver, to provide a safe cushion. Allocate 200k to the safest bank in Switzerland I can find.
Buy some land, for potential investment in the future.
Allocate money into recession proof stock as a safe investment.
Allocate money into crypto.
Establish a budget to not blow all the money, keep looking for investment opportunities.
Help parents financially without telling them what happend.
Write a will just in case, then finally at that point would go out to celebrate.

>> No.18901118

>>18900681
How did you make it fren? Is there hope for me?

>> No.18901257
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18901257

>>18900681
>I dont have a real estate yet bc the ROI is too low.
Smart, housing market is probably gonna collapse in a few years again so by then you would be able to scoop up a nice one.

>> No.18901430

>>18899468
Put it all in VTI and forget about it.

>> No.18901438

>>18899468
I like building edutainment games. Things that make it fun to pick up skills or learn new concepts. Play is totally under-utilized in modern education. But teachers "get it" and young rich people buy education apps like fucking hotcakes. So it's a growing industry. Hop in, sentiment measuring robot. you'll love it!

>> No.18901496

>>18900988
East asia is full of gooks

>> No.18901531
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18901531

When can I retire /biz/?

>> No.18901554

>>18899468
I'd put some in index funds, I'd put some in crypto, I'd buy loads of sitting tenant and regulated tenant housing and then I'd chase out the tenants and double part of my money and I'd just keep doing that, I'd basically become Nicholas Van Hoogstraten, and that's about it.

>> No.18901558

>>18901531
why so much in XRP? you'd be better off putting it in btc, eth, or even link. XRP is never going to $5 again, at least not for years and years, and if it does it will be 1 cent at a time so you'll have plenty of time to get back in.

>> No.18901573

>>18901558
I dunno, just started getting it sporadically.

>> No.18901962

>>18901097
>>18899547

This anon