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/biz/ - Business & Finance

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14154590 No.14154590 [Reply] [Original]

Serious question. Anyone have reccomendations on where to start researching what to do with sudden wealth? Never thought about this part of things when investing in shitcoins. I've always planned out for taxes and cover that side of things when trading. But, how do you go about managing the generated wealth?

>> No.14154611

donate it to charity and die knowing you did something worthwhile with your little life

>> No.14155715

>>14154590
buy real estate rental property, hire property manager

buy index funds

save some for venture capital

>> No.14155748

>>14155715
Houses or apartment complexes? If it's the latter do you go for high end clients or the subsidized group?

>> No.14155761

>>14155748
depend on initial capital and location

can't go wrong with lower income but value of land might not grow as quickly as spotting a good high end spot and waiting 5 year