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/biz/ - Business & Finance

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9940728 No.9940728 [Reply] [Original]

/biz/

say you're in canada in your mid-20s and you recently came into a million dollars, untaxed

you work an "ok" job that doesn't make you want to kill yourself & pays $17/hour

what do you do with the milli?

>> No.9940741

>>9940728
Gourmet poutine.

>> No.9940756

>>9940728
I'm doing software dev in Vancouver for $40/hour right now. It's a VR application, can't say more than that (NDA) but it's actually pretty cool.

With the mill I would buy a house or apartment and rent it out. Or live in it maybe. 1 mill isn't really enough for a house in van though.

>> No.9940762

>>9940728
Go all in and invest all of it on Canada’s over inflated property bubble that is about to collapse at any second and plunge the entire world into the mega recession.

>> No.9940886
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9940886

Go to a financial advisor, moron. You can get 50k a year from the interest and live off of that. If you're in your mid 20s spend 50k traveling for a year.

Come back (if you want) and get a job you like, banking the extra 50k. Whatever you don't spend put back into the principal. By the time you're 40 you'll make 100K in interest a year on top of whatever you're making otherwise (if you choose to keep working).

Fuck man, a lot of people say 1MM isn't fuck you money, but just don't be an idiot and you'll live an incredible life.

>> No.9940899

>>9940728
I'm reckless but I'd unironically invest 40% crypto; 10% stocks; buy some cheap but manageable property to live on and fix up and keep the rest in a low risk asset, maybe even just let it compound interest for a few years. That way you still have a good chunk of change leftover to live stress free for a bit, but you'll also be rich as fuck if crypto bounces back


With the crypto money though (400k), I'd do:

> 30% BTC
> 40% ETH
> 10% XMR
> 10% ZRX
> 10% whatever else you want

The 10%ers can be whatever you want but I'd make sure you atleast grab a good chunk of BTC and ETH. Investing 400k at those proportions would net you around 17-18 BTC; 310 ETH; 330 XMR; and 46k ZRX. You'd have around $20-25k left over to throw into whatever you want

>> No.9941084

Put it in the HMMJ marijuana ETF. Sell in September.

>> No.9941304

>>9940728
leave leaf land leafbro. i live in a third world latin american shithole paradise with fat booty bitches, cheap beer and cheap as fuck drugs. my job is online and i earn usd so i live really comfortably. go abroad and make your money stretch out and you'll live a stress free life

>> No.9941329
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9941329

>>9940762
Top jej

>> No.9942358

>>9940728
Buy a nice condo downtown and just relax for a bit, then go back to work once Im bored