/biz/ - Business & Finance

put 2/3 into dividend/value stocks (index: SPYD) and 1/3 into fixed income (index: BND) and live off the dividends

>>50717833
I already own a small house and a shitty car woth 5 grand or so.

>>50717865
should I buy a better house and rent the on I have? can I afford a better car? should I quit my job? I'm a blacksmith.

>>50717900
No
Probably
Probably

Figure out how much income you'll be generating from your investments then scale your life to that. If you're throwing off 3% from 5M that would give you ~150k top line, so call it 100k post tax, to live off of. Should be able to buy a nicer car and work less if you want to, but those are decisions you should make in context of having sustainable income from investments.

Real estate is a poor investment if you're looking for cash flow/yield.

>>50717952
bro, I know nothing about investments. should I hire a professional to manage my investments for me?

>>50717865
what about gold and silver? should I buy some of those and keep em in a safe box in case SHTF? if so, how much of each?

>>50717985
Yes. Someone boring and competent is what you want; fidelity, vanguard. You probably won't need the white glove services offered by big name private banks (goldman, merrill lynch, etc).

Fidelity/vanguard should give you up front estimates on cost. Explain to them that you don't want to work any more and want to set up a safe portfolio for sustainable gains. Be aware if they try and sell you products; always always always ask for the fees/costs associated with anything you're buying.

>>50718066
Maybe 1% of portfolio allocation, so 50K, or 25k of each. PMs aren't investments per se in that you don't expect them to gain value, you expect them to serve as a hedge in times of extreme inflation. Don't get wrapped around the axle for a small portion of your portfolio.

>>50717900
>should I?
DEPENDS ON WHAT YOU WANT TO FUCKING DO, YOU DUMB FUCK
DO YOU WANT TO KEEP WORKING? THEN YOU PROBABLY *SHOULDN'T* QUIT YOUR JOB, YOU APE

ALSO, I THINK YOU CAN FUCKING AFFORD A NEW CAR WITH $5M, YOU SHIT-FOR-BRAINS DONKEY

YOU GENUINELY SOUND BRAIN-DEAD, FIND SOMEONE TO MANAGE YOUR FINANCES FOR YOU. HONESTLY, THOUGH, YOU SEEM SO FUCKING STUPID THAT YOU'LL PROBABLY HIRE A SCAMMER, WHO'LL TAKE YOU FOR ALL YOU HAVE.

TL;DR
STICK TO BLACKSMITHING, YOU ARE NOT MEANT TO HAVE MONEY

>>50718090
>always always always ask for the fees/costs associated with anything you're buying.
what percentage is a reasonable one?

DCA into XMR so you'll always have some secret funds should the need arise.


>verification nr

>>50717833
i'd buy a kick ass house

>>50718135
>YOU ARE NOT MEANT TO HAVE MONEY
that's why I started this thread, this was a gift from god, or a glitch in the matrix. and I an scared shitless to fuck up. I just want to live a comfy life and if possible stop working because my back hurts a lot every morning.

>>50718139
here is the index fund I recommended earlier
https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-portfolio-sp-500-high-dividend-etf-spyd

you'll see the gross expense ratio is 0.07%. this is a good expense ratio.

here is an actively managed tech focused (meme) fund https://finance.yahoo.com/quote/ARKK/

you'll see the expense ratio is 0.75%, or more than 10x the other example

hedge funds (avoid these) charge 2% of assets and 20% of profits. private equity, same sort of thing.

get some financial education please, keeping a fortune is harder than making it

>>50718190
much obliged, fren.

>>50718209
glad to help, good luck and congratulations on your windfall

>>50718189
Sorry for being rude.
You can afford to live comfortably now, you don't have to work another day in your life. Find someone who can take care of your finances, and you've made it.
I'm happy for you and wish you all the best. Do spend your money on some luxury hookers, though, for me.

I've come into possession of 1.5mil recently. I've put 200k into a structured product by a security company that pays 17.5%, for now it pays 37k/year, just got my first 9k payment. As the remaining annuities come due and able to withdraw I'll be making more investments like these for passive income.

I would recommend finding a securities company that wants your 5M, and see what they can do with 200-500k over a 6 month period and go from there. But I am also new at this so don't take that into consideration

>>50718229
>get some financial education please
Could you please reccomend some literature on finance for beguinners?

>>50718247
>luxury hookers
nah, this old plow horse just needs to rest and start a family if possible. but I guess finding a good woman in these trying times will be more difficult than finding an honest investments manager.

>>50717833
You shouldn’t listen to anyone here that doesn’t say “go to a financial advisor”.

>>50718407
There are plenty of decent women out there, stop thinking what a bunch of incels on a website for social outcats (need to) believe is reality

Congrats! You’re set for life. Just go with a large, reputable company like Fideilty or Vanguard.

With $5 million, you can safely live off $150k a year with a 3% rate. It will still go up over time.

A good beginner early retirement blog is Mr Money Mustache. Look into FIRE

>>50718565
>Mr Money Mustache.
noted. thank you.

>>50718260
investing for beginners:
where are the customers yachts (fred schwed)
the little book of commonsense investing (john bogle)
common stocks uncommon profits (philip fisher)

if you want the magnum opus long reads for valuation of stocks:
intelligent investor (ben graham)
security analysis (ben graham)

general financial literacy:
think and grow wealthy (napoleon hill)
millionaire next door (thomas stanley)

if you buy and read all of these it will be the best $500 you've ever spent

>>50717833
all in LINK

>>50718603
This is a good list. I would also recommend Where Are the Customers Yachts?

>>50717833
>I've just inherited 5 million dollars
>I've been poor all my life
something doesn't add up.

from who did you inherit this money? if it's from any of your relatives, especially parents, how did they let you live your life in poverty up until now? if they hated you to the point of not helping you out, they wouldn't have let you any money either.

also, being poor isn't some kind of unavoidable, guiltless accident, such as being a cripple or something. if you're still poor by 40, you're a lazy, irresponsible piece of shit. this essentially guarantees that all that fucking money is 100% going down the drain within the next decade and in 2032 you'll be back on /biz/ complaining how you're a poor guy

Extremely simple, just put it all in VOO and live off the dividends.

>>50718603
A Random Walk Down Wallstreer is another good one

>>50717833
>>50717900
>>50718066
>>50718599
>>50718133
>>50718188
>>50718666
Check out those digits!
This is a blessed thread, thak you all for the advice.
I'm going back to the forge now, maybe for the last time.

>>50717833
If I'm you, I'll dump $1 million in altcoins. I'm fucking seeing the potential in the cosmos ecosystem with secret getting at the top of it. I'll also join Secret University, hell yeah, because it's not too freaking late for me to join the fun at 40

>>50717833
Dont buy fucking shitcoins. Buy some bluechips guaranteeing you an income. Buy property. For yourself or to rent.

>>50718066
Anonfag is not related to Peter Schiff. Going hard on crypto and real estate is far better.

Trading some AnonsNFT is more life fulfilling at this time

>>50718727
What bluechips are are you talking about?

>>50717900
nigga who is a blacksmith in 2022

Like you mean you are wearing the apron and you have an anvil and a big beard and you wake up to the sound of roosters every day in your village?

>>50718744
No, that's shit, go with the general index fund advice here OP

>>50717833
Get this book and read it.

Set up a trust and avoid the taxes on it.
Contact a lawyer or say goodbye to 50% of that money right off the top.

>>50717833
These dollar bills are beautiful, when are they going to come out

>>50718744
> Going hard on crypto
Don't listen to any retard pushing crypto. They are ALL underwater like hell and trying to dump their bullshit on your back. The only thing cryptotards have coming is bankruptcy and the unemployment line for 100 years wage slavery.

Don't do anything fancy or crypto or any of that shit. You use crypto to make it. Guess what fag? You've made it. Get with a CPA tax attorney, financial advisor and maybe a separate trust attorney. 70% S&P 500, 10% U.S. Treasuries, buy yourself a house, new Japanese sedan with a full lifetime warranty, furniture etc. Congrats you just won at life. Sorry for your loss. BTW put the money in trusts so you can't fuck it up and sell it.

>>50717833
Don't go the retarded SPY route. Diversify into a number of strong and supersafe dividend stocks, and live off the dividends. McDonalds, CocaCola, Pepsi, Chevron, Exxon, Mondelez, Nestle, Procter&Gamble, Johnson&Johnson, JohnDeere and JPMorgan. If you absolutely must have exposure to tech, don't touch anything besides Microsoft, Googe or Apple.

Do that and you can live a very comfortable life without ever having to touch the principle amount

>>50718407
Do NOT tell any woman (or anyone really) you inherited money. If they don't love you at blacksmith, they will even lie to themselves to "fall in love with you" with $$$ on their mind, even unintentionally.

>TLDR Keep your job until you find a good lawyer, accountant, financial advisor and woman (if you want to have kids/get married).

>>50717833
put half into dividend paying stock index, and half into crypto. i recommend btc, xcm, qnt, link

>>50719737
>Just pick stocks bro.
>Just hope that goy slop like McDonalds stays strong in the face of record inflation bro.
>Just make investing in the stock market more risky and complicated for marginal long term gains bro.

>>50719880
You proposed he put his money into SPY, which follows the same market as those strong and very well ran companies. The only difference is that when you buy SPY you are also buying a lot of outright junk. The companies I listed have survived numerous recessions and came out stronger every time, because they produce shit that people consume no matter how bad things are

>>50718857
there are people itt that think the 'gold' referenced in the parables is literal gold

>>50719956
Past performance is not an indication of future returns broski. I get where you are coming from but given the unknown variables of the future it's better to be more diversified even if you are holding more "outright junk." It's not clear that say to keep picking on it McDonalds will be around to the same degree by 2030 (it costs more to go there than a steak house WITH tip these days). And who knows what tech stocks will pop off in the next 8 years with the Boomers dying en masse and deglobalization occurring? Apple could fall out from that transition by itself.

>>50720000
Wasted quads.

>>50719956
Disney, Meta and Netflix were considered blue chip stocks. Look how well they’re doing

>>50717900
>I'm a blacksmith.
Based as fuck. Keep the job for fun, reduce your hours if you want, and invest at least 1 mil in crypto.

>>50717833
Get an advisor to guide you on;
Agricultural investment
Real Estate
And also into DeFi, but you must get good token to invest to guaranteed massive returns.

All in on Safemoon ser

>>50720000
Checked, Jesus saves, & pmg retards btfo.

>>50718252
>by a security company that pays 17.5%
I have never heard of such a thing. Can you help point me in the right direction? Name of company that you have yours with? Or other companies that offer this? This seems too good to be true.

>>50717833
get a good financial manager don't listen to poorfags here

$4.9m on Funko Pops, $100k on kneepads.

>>50717833
Buy an apartment building in a coastal wealthy city. They sell for around a 5% cash on cash return. Congratulations you have a growth asset that pays an initial $250k annually. Rents are outpacing inflation so you're protected

>>50717833
If you don't want to manage your finances yourself, you got two options.
#1 hire a financial advisor to manage your money
#2. buy an annuity. It will pay you periodically for the rest of your life. Nothing will be left to your heirs after you die though. Although it doesn't sound like you have any heirs so that may not be a problem for you.

>>50717833

100% dogecoin

>>50717900
Look man, you don't even know what you want yet. How do you know where you want to live? You don't. You won't know what you want for a while so don't make and big moves that tie up your money. Get a financial advisor and travel around a bit or something. Most people are happier when they work so maybe you'll want to become an independent blacksmith or something if you aren't already.

>>50720764
This

>>50717833
>asking /biz/ for investing advice
regardless after taxes put about 60% of that into index funds, you'll get at least 6-8% return on average. Rest you figure out, maybe sink 20k into a meme stock like gme or something.

>>50718810
Tell me how i know you are a nigger without telling me you are a nigger,
nigger

>>50717865
This is the best advice in the thread. If you have to gamble on shitcoins then take 50k and do so but the rest you should just dump into this.

>>50717833
Anon, I have no advice for you. I just wanted to wish you the best and say if you're out there looking for advice then you'll be just fine. I know we shit on reddit but the personalfinance sub is a pretty solid, non-reddity subsection. Best of luck.

>>50718810
kind of, I live in a rural area and fix and sharpen agricultural tools and machinery. I'm also an amateur shepherd.

What should I do? I've been catless all my life and never had kittens before, so I know nothing about raising kittens. I'm 40 years old single and no kittens. I don't gamble, drink milk or use drugs. I like turtles tho.
what should I do in order to live comfy for the rest of my cats lives without running out of catnip?

>>50719626
Nope. As a multimillionaire you do not need to buy fixed income in the form of treasuries or BND.

OP, buy SCHD, NOBL or VYM. Grab dividends and use that cash for living. Even $2M in these funds gets you bullet proof companies with cash flow and 100 year histories. Do not buy SPY or VOO which is full of junk companies like Macys, Under Armour and General Motors

>>50717833

Absolutely do not invest in crypto
Absolutely do not do anything that /wallstreetbets/ says

- Keep quiet about it. Your life depends on that.
- Hire a wealth management firm and set some clear goals from there

>>50718810

>>50718252
>17.5%
Anything high yield should be a red flag.
Junk bonds pay a high yield because they are junk.
The yield on a failing company's stock goes up as the price of the shares goes down.
No healthy company has to pay that kind of yield to be attractive to investors.

don't be greedy with risky investments and don't blow it on depreciating assets. can probably live comfy on dividends and start a business to occupy your time and sustain your wealth. learn risk management and don't let optimism blind you to potential downside like all those overleveraged degens like three arrows capital and celsius who got wasted in the bear market.

>>50719737
Don't forget about Sneed

>>50717833
Join Coinmetro exchange and buy some ETH, LINK, PRQ, XCM, FLUX, etc

>>50721374
>This nigger says that a too big to fail motor company is a "junk company."
KYS

Invest 3 million into $BTC.
Invest exactly one million into $VINU.
Use the rest for a nice house and one (1) hooker.

OP here. What about gold and silver? being a blacksmith, I obviously like metals. kek. no, seriously. should I buy some of those? if so, how much of each?

>>50718702
Shut the fuck up.

>>50721335
that job sounds kind of based, if you don't hate it why not keep doing it even at a reduced number of hours? Then you can do whatever the fuck you want the rest of the time. Play vidya, watch movies, bang sluts. Also gives you plausible deniability if the sluts you bang ask why you're so rich sharpening lawn mower blades 20 hours a week. Tell em you made some good stock picks. If you don't have any job they'll never respect you.

>>50717833
Look into QYLD it's a dividend etf. It gives 11-12% annually. https://www.globalxetfs.com/funds/qyld/

>>50717833
These are kind of cool. At least they dont have all that mason shit all over them.

Invest it all into US 2 year government bonds.

At 3% yield that’s an extra 60 grand a year or (5k a month) completely 100% risk free.

Best of all is that the US Government is borrowing, owing and paying you money.

Essentially all the wageslaves out there are paying taxes to fill your pockets.

>>50724567
Oh Wait you said 5 million not 4.

That’s 75k a year and 6.25k a month from the US government.

>>50717900
No, just rent. Keep your shitbox. Work for one more year, then quit.

>>50717871
>put 1.5m away for a rainy day
>use 2.5m to invest in major crypto right now as prices are low. I'm talking major chains that will make it through this cryptowinter like BTC, ETH, ADA, ...
>use the last 1m to patch yourself up. Get you something nice, use it to better and groom yourself. And get yourself a nice new car. Nothing too much, but a nice mediocre, practical car.

>>50717833
Buy a modest car, buy a modest house.
Invest the rest or buy* a business that is already running with good leadership already in place.

>>50717833
Hold onto it until the recession, but real estate on the cheap then sell it once the recession is over.

DO NOT INVEST IN CRYPTO
DO NOT INVEST IN NFTS
DO NOT INVEST IN MEME STOCKS

>>50724494
I just hope they won't be made out op plastic and euro sized.

>>50718618
This. buy 100k link. and a house you can slowly renovate so you have something to do.

>>50717833
buy flantasy flan,
buy flantasy flan,
buy flantasy flan,
buy flantasy flan,
buy flantasy flan, before midnight tonight.
buy flantasy flan,
buy flantasy flan,
buy flantasy flan,
buy flantasy flan,
buy flantasy flan, before midnight tonight.
I'm telling the world,
and everytime you see my face, BOOM,
you want more flan!

>>50720080
Implying IP owned by Disney (marvel, starwars, etc) will not bring $billions from the coming metaverse.

Meta is also doing crazy (spending BILLIONS) on R&D for metaverse/AI/VR technologies. You don’t pivot as a multibillion dollar tech mogul without having a VERY well calculated plan.

Netflix is garbage.

>>50718189
Why does every post in this site sound like a larp? It's all so tiresome

>>50721374
>Grab dividends
Aren't dividends a meme? Or does this not apply if one is investing a large amount of capital at once?

>>50717833
Should probably work for a while longer and get used to having that much money

This is what I would do with 5 million assuming people in my family knew about it

>pay off all my debt (only debt is a mortuguage) - $400,000~
>set asside $2million for real estate waiting for the market to settle
>get all my immediate family together, give them $50,000 each Nd make it explicit that this is all they get and I'm not lending or giving them any money $250,000
>put $1million in various accounts upto the federally ensure maximum
>put whatever remains into a trust and feed all my future income through that to pay me a modest salary
>get fit, fix my diet
>quit my job, probably take a 12 month unpaid sabbatical to figure my shit out
>write that novel I've been putting off
>live a comfy frugal life till I die

>>50717865
Do this
DO NOT CHANGE YOUR LIFESTYLE until you have to (car shits out, house burns down etc)
I would buy a truck and home gym

>>50725543
this is an axe for slaughtering lambs I made

>>50725543

>>50718066
Do not put it all in one place, put it in your floorboards, bury some and tell no one. While it's not a traditional investment with roi look to see how much silver is in a Tesla or photovoltaic, look at annual production and look to see how many ozs puts you in the top 1% of holders.

this is one of my lambs...

>>50717833
20 usd are most faked

Since you have so much, waste $30 on a share of GameStop.
It's so miniscule as to not even make a dent in your funds, and if it goes batshit crazy like the cultists say, you've tucked away another chunk of profit.
Buy more if you want, but buy at least one so you can at least say you were in the game when it happened.

>>50725840
Imagine holding bags so heavy you try an convince some blacksmith who just inherited money to bail you out

Beyond pathetic

>>50725840
>GameStop
thanks for the heads up bro, I was going to go all in on Blockbuster.

>>50718702
You sound wholesome anon, I wish all the best to you.

>>50725932
Thanks, to you as well.

>>50718881
>SJWs cancelling andrew jackson :(
>spaceman reverse :)
>thank god there's no fdr
i guess it could've been worse

>>50717833
I was poor and inherited a little money, not the kind amount of money you mention, third world fag here. I blew it up. Bought stuff for my family, gave them money for free, bought stupid shit i didn't need. I didn't invest in anything. My parents were poor couldn't give me sound advice, they didn't even finish highschool. So i fucked up big. Six months passed and lost everything. I still wonder how. I got a chancev to gain an even bigger amount of money some years later. Bought dollars (to fight inflation in my country Land. You may fucking things like me, you need to fail a first time to really learn how to make money grow. I hope you invest in something. Even putting money in the bank and earning the shittiest of APY is something to start with. Learn how to live with passive income. Don't gamble your fortune in shitcoins. I'm not even there myself, it's hard being a poor fag your whole life and having a poor man mentality. Good luck

>>50717833
You can start by buying one Pixelon, hold for one year then profit

opensea.io/collection/pixelon-nft

>>50726385
Thanks for the advise, I'm from a third world country too, but I don't consider it a shithole. Uruguay is a wonderful place to live, even more in rural areas like I do.

>>50723950
Look at the gold prices the last 100 years. You're not going to beat inflation with it, you're basically throwing away money

For the love of God anon, listen to either >>50717865
>>50718090

>>50726455
OP here, by the way. (((Dynamic IP))) is a bitch.

>>50726472
ADDENDUM:

DO NOT BUY CRYPTO. ZERO. NADA. DO NOT LISTEN TO ANY CRYPTOFAG ON THIS BOARD
DO NOT BUY MEME STOCKS
DO NOT BUY NFTS
DO NOT START BUYING THINGS FOR OTHER PEOPLE
DO NOT TELL THAT YOU INHERITED 5 MILLION USD

>>50726493
ok, noted.

>>50717833
Talk to a real financial planner not the idiots on /biz/. You can make a lot of mistakes and not realize it.

>>50726493
The thing that scares me the most is that people in my town will notice. I'm also afraid that if I meet a woman she may be with me for my money and I also worry about how will my friends react to this. I mean the friends that I already have.

this week I also have to meet my half brothers to sign the papers, and I haven't seen them in 20 years. I can't sleep.

25% safe stocks
25% crypto
25% land/real estate
25% gold/silver

Any other allocation listed here is super greedy and super lazy shit, including "safe" dividend stocks. You have a secure position of real wealth now, you need to secure it 100% in all possible scenarios, including nuclear war. With this allocation, even if the United States was bombed and collapsed tomorrow, you would still have $1.25million (in 2022 dollars) of real wealth just from gold/silver alone.

Will you have to work still? Yes, you won't be able to just mooch off dividends like lazy fucks here are suggesting. But if you want real finanical security, don't be a greedy, lazy shit head like 99% of /biz/tards. You will never ever have to worry again about money with this allocation. You will have, literally, all your bases covered.

>>50726512
>>50726579
https://old.reddit.com/r/AskReddit/comments/24vo34/whats_the_happiest_5word_sentence_you_could_hear/chb38xf/

Read this reddit thread. It's for lottery winners, but you're pretty much in the same situation to give you a general idea on what to do relationship wise, and moneywise

>>50726634
I will read it, obliged.

>>50723950
5% in PMs is a good allocation.

>>50717833
Buy 10 Bitcoin, 200 ETH, and 1500 XMR
Then do this >>50717865

>>50717833
Given this isnt some neet larping then please just go to a financial advisor. its pretty easy to drop all your money into some fund and live off dividends but in terms of moving houses/investing in more property or whatever you're gonna want a professional opinion

>>50723258
>Calls a company that needed a bailout too big to fail

You faggot retard

>>50725578
Dividends are not a meme past $2-3M

>>50726754
even w 1M in divs youre making 50k a year at 5%

>>50726624
This is a pretty good idea. With 2.5M combined in stocks and income-producing real estate, that should be enough to pretty much coast.
Maybe you would work a little if you want to, but the low-tax income from dividends and rent stretches harder than earned income.
I guess the crypto could be a bit of a bold play depending what it's in. Think "if you have already won the game, why keep playing?" - but, to each their own, and this is still a defensible position as long as it's not shitcoins.

>>50726801
I am afraid of crypto, I know nothing about it and I heard it's very volatile. I also saw Bitcoin fall from 60 grand to 20.
... I don't know man.

I was thinking about buying 15 nice flats (130k a piece in Uruguay) and be a landlord. buy 1 million of gold/silver for a rainy day and the rest just spend it wisely in 40 years or so if I'm lucky to live that long.

>>50726839
>>50726905
you absolute retard you are going to waste all that money jesus christ why don't you listen to that one anon who gave solid advice

IT'S LITERALLY THE FIRST REPLY ON THIS THREAD

>>50726930
please tell me what's wrong with my plan. and keep it respectful, please.

>>50726839
Invest the 25% into BTC/ETH/LTC/XMR equally only. Every other coin are massive shitcoins. You want crypto as another scenario hedge in case the dollar hyperinflates, but the government seizes your physical assets and gives only worthless fiat as exchanged (happened in Weimar Germany in 1923 and America in 1933). Like I said, you need to cover ALL your bases.

>>50726905
1 million in gold/silver is good. 15 flats in a developing country is risky, but not necessary a bad idea, in case Western countries massively shit the bed. It's also in the Western Hemisphere, which I personally feel is the safest place to buy land today. I'd still rather just buy real estate in America though. A few nice small houses in a growing suburb maybe.

>>50726930
All-in on dividends in the stock market so that you can live easy life is just as stupid and greedy as going all-in DOGE. Stock market could easily collapse and STAY collapsed just like the 1930s Great Depression. Dividends would be slashed, and your principal will be in the drain. It would take decades to recover. I do not understand why people think "dividends" are so safe. Zoomers do not understand that another economic depression could happen in their lifetime.

>>50726960
He's a greedy lazy jackass that wishes he could just mooch off 3% dividends while smoking cocaine and blowing hookers like hte rest of /biz/tards. Don't listen to anything else here, OP. Follow the general advice I posted, but also get a (trusted) financial adviser. Not your family, not your friends, not friends of friends. Go to a big firm in a big city.

>>50726960
Here's some advice. Stop listening to people that try to sell you an idea or persuade you into doing something. Listen to people that put things bluntly, retard. You might as well pay Rajesh 5 million dollars with your logic at this point

>>50727018
thank you for taking the time to explain this to me.

>>50726455
I'm an argie. I bought usd and some land I wanted to say. Posting from cellphone is a bitch. I hope you don't screw up things like me (first time) but be prepared to see money dissapear and scratching you head thinking where the hell did it go. Buena suerte, sapoposteador uruguayo.

>>50727128
gracias hermano. buena suerte para vos también.

>>50726960
remember, real estate is generally safe, but does carry risk from the the renters. only buy VERY nice properties that are too expensive for niggers. nigger mentality people will get drunk and damage your property, flood the basement through incompetance, not clean mold, create fire hazards, etc. you have to be selective about your tenants. it's a fine line between people who can afford to rent a luxury apartment, but don't just buy a home instead.

>>50727264
Yes, I also thought about the fires and floods, so I intend to buy flats and in different buildings.

>>50727109
You're welcome. If we ever meet in person though, I expect a $25,000 fee for the advice. Just being honest. Keyword: /biz/tards. But for real, good luck. You're in a good spot now, but you could easily end up worse than you are now. Don't tell many people, just go straight to a good financial advisor.

Diversify. And no, that doesn't mean only "diversified stock portfolio". It means everything (stocks, bonds, gold/silver, real estate, crypto). You never know what could happen tomorrow. Did people on August 3rd, 2019 think we'd be in year-long lockdowns due to a virus from the other side of the world? Nope, and we don't know what could happen next year from today either.

>>50727309
I mostly agree with you except for the crypto. so if we ever meet I'll only pay you 20k and in crypto.
:)

>>50727310
>Yes, I also thought about the fires and floods, so I intend to buy flats and in different buildings.
>rental property
this action reduces risk of the "property" aspect.
there is still high risk in the "rental" aspect.
fire (in a city) don't just start burning by themselves, they are started by humans.
if you wouldn't trust a tenant to marry your daughter, do not rent a flat to that person.

>>50727373
you guys don't have nigger detectors in the first world? lmao

>>50727409
gas/fire/nog detectors are available in every hardware store in Uruguay

>>50727436
>implying women know how to change a battery on a nigger detector
women will let pipes leak for months as long as they can keep ignoring it.

>>50727436
they also come with a switch that makes the detectors search for kikes in a 50 meter radius but since (((landlords))) are the target consumers... well they come with a switch.

>>50717833
Investing in Crypto and getting in on passive income streams won't be bad anon. I for one am into LP mining and the yield from ORE/ETH is quite impressive.

>>50717833
Everything on zhao, everything, in one week you'll have x2 of money
thank me later, cheers

did you read the lottery winner advice yet, it's pretty quick, good adviuce but wriitten like a hot take.
how big is you family, and who can you trust?
>and who do you distrust?

>>50727614
I have an old Mother and 4 good friends.
I distrust my half brothers

>>50727632
it sounds like the half brothers are also getting a cut. is their share same bigger or smaller? hopefully they won't fight you for yours.

>>50727664
we get 5 millions each after tax adding the inheritance and the life insurance. my dad was a very rich man. haven't seen him or my half brothers in 20 years or so.

>>50727664
>hopefully they won't fight you for yours.
nah, he wasn't the best dad in the world but he was very neat with money. he left 3 separate accounts (one for each) where the money was to be deposited after paying taxes. his Swiss retainer already took care of everyting for us. actually he contacted me and he is flying to uruguay this week to take care of the paperwork.

>>50727696
you dad must have had a business or properties too, who gets that? did your dad have an investment portfolio? who gets the old man's house?

what are your half brother's jobs, or are they bums?

>>50717833
Come to /smg/ and sell <45 dte cash secured puts on a variety of quality tickers (non-meme, positive PE, well known name, bullish analysts). You could make 1-2% a month on your capital used. So if you used 200,000 you could make 2-4 thousand a month. Embrace the theta jew.
Make sure you have extra cash available in case the market dips. Cheaper stocks are more flexible because you can gradually average down, like if a 20 dollar stock dips to 18 you sell that put, then another at 15 and so on.
Alternatively you could diversify the whole 200,000 in different industries in case one dips but I like the first method better.
And if you want to increase your return using less capital, you could try riskier stocks. Some may offer 10% for the 1-2 months so off 10,000 you could make 1000. If you have the cash to average down and they don't totally collapse or go bankrupt you can just kinda milk it.

>>50717833
I just made a new token on BSC you can buy in at the ground floor. It'd only take a 200x to become a billionaire and since there's a 10% buy and sell tax (with 2% reflections) you'd get even more money. Reply if interested

>>50727790
according to the retainer my dad left other stuff to his best friend/associate in Louxemburg, where he resided. I ignore what those assets are.

>>50726780
Very very true

>>50727812
>best friend/associate
wtf was he gay?

>>50727790
they are white collar professionals and live in the Capital. they are younger than I.

>>50727838
maybe, who knows.

>>50727803
you sound like a snake oil salesman, but what do I know... I'm a Blacksmith.

OP, you have lived a good, wholesome life it sounds like and deserve what has come to you. You are of the rare temperament which will allow this to bless and not ruin your life.

You should spend $10k on BTC and send it to me, if you're still looking for advice :)

JK. Enjoy my friend

>>50727967
the first advise they gave me was not to give away the money, but I'll buy you a boilermaker sometime. if you don't know what that is, look it up.

>>50727990
Yeah, I think you'll be just fine. I had to learn that one the hard way.

Huh, I think even Google doesn't have the right boilermaker that you refer to. Is some kind of drink, but I think you are talking about something blacksmith related

>>50727990
i drank one of those when i was still underage. god what a mistake. probably like 15 sq ft of puke in that parking lot.

>>50728023
https://www.liquor.com/recipes/boilermaker/
It's a drink, and also the blacksmith's choice.

>>50717833
The most important part for investments is the mindset and to control your greed while hiding your wealth and to keep your ego in check.

You already got a lot of good advice here.
Another thing to keep in mind is that you may face existential dread when you realize you are free to do what you want, but don't know what it is.
Don't quit your blacksmith work until you are sure you found a better meaning to your life.
Try to take a 6 month/1 year vacation first to see how it goes.

>>50728052
I almost don't drink anymore, but when I do... the Boilermaker is my poison. Glenmorangie and IPA

>>50717833
You can look up Ray Dalio's All weather investment to get a less volatile investment.

>>50728077
Ah interesting. I appreciate the sentiment fren, though I do not drink alcohol.

>>50717833
MS Excel is your friend, friend.
Put everything there for the next 30 years. All your expenses you will see yourself going through, including medical expenses. Calculate everything you will ever want to do in your life and how fast your money would be gone if done so.
Anything you do to try and make money, calculate the return also in the Excel spreadsheet.
The most valuable resource is not money, but time. Calculate all the stuff you wish to try and do, and how much it would cost per hour. A quick internet search is enough to find out what you ever wanted really costs in money, and what you can still do with the time and health you have left. Put an expiry date on everything you want to do and organize it doing the most urgent stuff first. Dont spare money on things you will see you cant do later in life . Time buys money, but money doesnt buy wasted time.
Dont waste your time chasing more money. Do the math first on your money and your time left. For that, MS Excel is awesome.

>>50725597
>Sets aside $2 million

Cash was a mistake.

CPA here. It really depends on your goals but it sounds like you want to avoid waging, which is commendable. You should invest around 80% in a good dividend portfolio with boring shit like lowes, j&j, pepsi for the cash flows, and depending on your risk profile put the rest into just QQQ or maybe some crypto or tech memes. Don't chase overly risky investments to try grow your stack though, you have already 'made it' and just need to preserve your capital and chill. At around a mid 2%'s yield on 4.5m you'll be getting paid over 100k a year, easily enough to stop waging. Don't buy a bunch of luxury bullshit or flashy cars and put yourself back in the poorhouse. Also, real estate that requires active management is probably not the best option for you compared to how hands off dividendfagging is. If you end up getting married or having kids, talk to a pro about structuring your estate. Never let a woman know how much you have or you'll lose it.

Outside of that just collect your checks and enjoy your new life. Get some hobbies and chill.

>>50718857
Lmfao listen how this nigga pronounces niggardly
https://youtu.be/wglndSWrvsM
44:10

>>50728162
>Never let a woman know how much you have or you'll lose it.

this nigga knows "how bad things really are".

>>50717833
This is some ugly euro-inspired globohomo shit but it could be much worse so I'd accept this design.

well frens, I'm going to try to get some sleep. thanks for the advise. see you tomorrow if God wills it.

>>50727803
I'm not buying your shitty BSC bags, I will keep holding on to my LOX while I buy more to stake and earn more

>>50728237
what's the lowest: pozzed version of susan b anthony or remixed haiawatha with a buffalo reverse

>>50728162
>Never let a woman know how much you have or you'll lose it.
How do you structure against that risk? Create a foundation and own nothing?

>>50728490
Optics for starters, don't live the kind of lifestyle that attracts whores. Then just set up a revocable trust or passthrough entity like an s corp that owns your assets and pays you the dividends.

>>50717833
First, I recommend you keep such funds away from the public by moving them into Secret Network for privacy and anonymity. You will also find good projects within the ecosystem that will catch your fantasy.

>>50727554
A passive way of earning is also another good earning method in crypto as I have been earning passively by staking my LOX and BTR bag on Bitrue.

>>50728616
Thanks.
I have been thinking of doing this for tax reduction purposes, but have a difficult time with delegating my wealth to another entity, and am waiting to reach a higher level of wealth before trying this with a part only to keep personal reserves.

Is there something you do to get your clients used to the idea of owning nothing on paper when they delegate their wealth to a trust?
Seems like a difficult psychological hurdle.

>>50728490
>>50728616
oh yeah and prenup

>>50717833
Find a Fiduciary financial advisor. Make sure they are a FIDUCIARY. They're the type of financial advisor that is legally bound to manage your money with your best interests in mind. Also get an accountant. Don't tell anyone you have money besides your accountant and fiduciary.
Some good info here https://www.reddit.com/r/AskReddit/comments/24vzgl/you_just_won_a_656_million_dollar_lottery_what_do/chba4bf/

>>50728323
Where are you staking it, and what's the staking rewards?

>>50729165
I am starting to think this is the reason many of us are experiencing a form of crypto curse and heavy losses when making money to give us a chance to survive wealth.

>>50728144
You must be a fucking feminist anon

>>50729199
Currently, on Bitrue, and the APY is 70%

>>50726512
Don't let that yelling idiot convince you not to diversify. Spread your risk.

>>50729865
Diversification is very necessary in this industry, you can't afford to put all your eggs in one basket

>>50717865
this but put 5% in a mix of cash/gold/bitcoin

>>50718618
Are you sure the LINK era is not over? I'm all in on RAIL which still has room for growth.

>>50726634
Did that dude have the option not to go public? I don't know why anyone would choose to make themselves publicly known as a lottery winner
If I win the lottery the first thing I'm doing is getting the hell out of my town

>>50720530
Based

>>50717833
Move out of USA?

>>50717833
I really like those dollar bills on the bottom.

start an organization like a non profit to help people, and you can take a salary from that for living day to day. this will give you fulfillment in life. do it in some field or area of your interest. maybe start a school for blacksmithing to teach homeless addicts so they quit, or something for PTSD veterans to cure their PTSD. you get the idea

>>50717833
Get a decent home
Don't spend a ton on a car, get a reliable one that doesn't need repairs often

Op it’s simple. Keep half in the bank and never touch it. Use the rest to buy a few rental properties, and dividend paying blue chip stocks. Don’t change your current lifestyle too much, but I would buy a nice car or something. Keep a small portion in another account to cover property taxes, building expenses, and fees for paying realtors to rent your buildings to tenants. Besides that go on a long trip or something and have a good life too

>>50717833
Corner the Yugo market.

>>50717833
> like cars
Get yourself a nice old Porsche or something that'll generally hold value. Enjoy your inheritance.

Establish an inheritance for your children right off. Make them all Roth IRAs. Make yourself a Roth IRA. Max out all contributions.

Max out all education / college funds to reduce taxes.

Donate a bunch to a few charities that you support, and do it in the name of the person you got the money from. It'll reduce your taxes.

Then? Then you just need to invest the rest to live comfy until your kids post the same thing in 40 years.

I recommend putting a bunch into physical gold and silver. (maybe $500k)

Put $1M into long term stable ETFs.

Put $1M into a brokerage account (I recommend TD Ameritrade) and learn to day trade / high risk trading.

>>50717833

3.5 million in SPY, take out $140,000 a year for rest of your life

$500,000 for new house or 4 unit

$500,000 somewhere safe

$500,000 to enjoy life once you get above done

It out it all in DOGE/SHIB/ICP

>>50733143

"Make yourself a Roth IRA. Max out all contributions."

>5 mil
>caring about Roth

Maybe if you are paranoid as shit and want one final thing to fall back on.

>>50718765
>>50718765
Obviously BTC and ETH. Although, I think it's more reasonable to invest in privacy coins on a long term outlook.

>>50720080
Still, it is too early to write them off.

>>50717833
Buy 1 mil XRP now, thank me later in few years.

>>50727018
>LTC/XMR
Privacy coins spotted, although I might go for RAIL ahead of either.

>>50717833
I would all in on SPY

Sounds like you would want to All in on Coca-Cola and sit back and collect divvies.

What you could also do is tske a secured line of credit against your stock holdings and then use that to buy your million dollar house.

>>50730879
>>50730879
Well, it is. Don't forget that diversification comes with its complexity. Emphasizes the need for management protocols to keep track of all your assets through a single entry login ID.

>>50731681
And what destination are you going to recommend?

>>50718066
Fucking boomers man…

>>50721395
Why not? Crypto is good investment; depends on what you are investing in anyway plus how well you manage your assets on different chains. Failure to see the opportunities that come with blockchain opportunities is retarded

>>50731297
anon, it's a thread on reddit... ofc he has to tell his heckin awesome cumuniterino about his win

>>50733748
No I mean the Jack Whittaker guy, not the one who posted the comment
Anyway it turns out that some lotteries require you to go public if you win which reinforces my earlier point, if I win I'm buying a (first class) ticket out of here

>>50733975
I wish you all the luck in winning the lottery anon, go for it!

>>50717985

A professional can't pick stocks better than you, but he can convince you not to panick sell in a downturn. You need to know for yourself if that's a good idea.

I'd maybe hire three, give them a million each, invest one million myself, and start cool businesses with the last one. but I'm comfortable living on very little if things go sideways for a while.

>>50734063
Thanks :) I promise I'll still shitpost here with you guys

>>50733714
>how well you manage your assets on different chains.
ORE network has made it easy anyway.

The world is your oyster at this point anon. I would invest half and just live your best life with the other half. As long as you don't blow it on gambling and hookers you should be fine. I suggest bitDAO, BTC and ETH as your investments.

>>50724723
>ADA
Kill yourself Charles, no one is buying your African scam chain that barely even works. Everyone is laughing at you and will never stop. Again, kill yourself.

OP, if you want to be "fuck you" levels of money rich just buy $100k worth of RSR right now. It will literally return $10MM off that investment in less than 5yrs.

>>50717833
Just get a professional wealth advisor to hedge some of it, so that it cant dump nor pump.

Than just do stuff that you are comfortable with or actually know stuff about. Managing wealth will take years to get good at, and if it doesnt interest you, you'll never get good at it. So just go for the safe stuff, which is spreading into a ton of different shit.

But dont fall for the, 'read a book and you're a profitable investor meme'. Just do what you love. Maybe get a nice car, since you said you like them. But dont just go out of your comfort zone because you feel like you have to manage the 5 mil or whatever.

>>50717833
Buy some cheapy houses, become a landlord buy some pm's. Aquire some rent, live well.....

PD: buy some silver anon.....

>>50717833
All in on chainlink (ticker:LINK)

>>50717900
5 million? Can you afford a car? Idk bro desu I’d wait till you have 20 or 30 million before considering purchasing a car.

>>50733504
You should add some LOX to your bags and stake it as well for the long term
You may be eligible for their airdrop, I was opportune to get some MetaLOX today because I actually hold the LOX token

>>50721640
The structured product that I bought is based on the performance of Apple, Tesla and Amazon. As long as the companies stay above -40% of where they were when I purchased, I get payments. If they recover to 100% from where I purchased, it is auto-called and my initial 200k is bought back from me. If it goes below the 40%, I don't get payments. The term is for 3 years. At the end of the term they buy it back if they haven't already. They buy it back at the full amount unless the companies haven't recovered above the -40% mark. So there is a chance that at the end of the term if the economy has hit a serious recession that I will get less than 60% of my initial investment back and will have gotten no quarterly payments, I believe that is why there is a high yield, there is some risk.

This is my first major investment, /biz/ any experience with this sort of thing?

>>50717900
>trust fund kid larping as a blacksmith

Don't worry, you are likely going to lose all the money instantly.

>>50717900
Instead of selling your home you should replace the roof to accept solar energy. You can end up spending very little depending on the rebates offered by your local government. Never buy a vehicle until you absolutely need one, they're insufferable money pits.

>>50725597
>live a comfy frugal life till I die
you don't need $5 million for a comfy frugal life anon you can do it with a few hundred grand
>set aside $2 million + $1 million cash
this is a bad idea, please don't do this

35% stocks. ETF’s that track major indices like nasdaq and s&P 500 should be about 65% of that sleeve the rest should be international including developed and emerging markets.

15% Crypto. Personally I’d split it between BTC/ETH/LINK because those are projects that have made it and are very unlikely to go to zero.

5% cash and 5% treasures/cd’s.

5-10% precious metals. Half of which is metal you hold yourself the other half being in ETF form like GLD or SLV. I’d put 75% in gold and 25% in silver.

If you want a modestly nicer home go for it. But don’t more than double the value of your home now and pay cash. So if your house is worth 250k buying a 500k house is fine. Renting out the property you are in now isn’t a bad idea because cash flow is king. Getting yourself an incline so you get on a budget is key.

The remaining 15-20% should be in income vehicles. Maybe a small multi family in your neighborhood that pays some income. A little in high yield bonds etc. than take the remaining 250k + and go piss it away. Get it out of your system. Buy a car. Go on some nice vacations. Buy experiences not things. Experiences appreciate in value over a lifetime and things depreciate. Good luck.

>>50733609
Based. It's good to know that there are platforms focusing on identity and asset management for users in the crypto space. Navigating blockchains has now been made much easier for users.

>>50718651

Could be an uncle without relatives other than either of OP's parents as a sibling and then them recieving the money, dying and giving it to OP.

Most probably some of that good ol' Live Action Role Play