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22739489 No.22739489 [Reply] [Original]

My grandma passed away earlier this year. Was the heart and soul of the family. Things have been very different since she’s been gone. She left my mom with a good sum of money, not sure the exact Amount but I imagine $2M.

Today my mom mentioned she doesn’t want to just let it sit in the bank. What would you guys do to generate returns over the next few decades?

I know that 3-4% yearly is doable. My mom has sacrificed a lot for us and I just want to help guide her in the right direction. I’d tell her to buy crypto but that’s a different story.

Anything helps. Thanks guys

>> No.22739920

Get a financial advisor. Someone who knows their shit inside out and can tell you your options. Many people inherit that kind of money and end up broke not long after. For growth your obvious answer is land or property, you could make money by p2p lending but it would be risky. Get real help NOT 4chan

>> No.22740526

>>22739920
Thanks anon. She mentioned wanting to get some property in Austin or the surrounding area.

>> No.22740536

>>22739489
xrp

>> No.22740553

>>22739489
Start with getting a proper financial adviser. Some in bonds/fixed income returns, some in dividend paying index funds, some in property

>> No.22740563

>>22739920
Yeah this. Normally I'd tell you to go all in LINK or something, but the best thing to do is just play it safe and protect the money. Sorry about your Grandma fren.

>> No.22740583

GO ALL IN LINK

>> No.22740713

>>22739489
Ignore all shills. There are some golden gooses out there if you look carefully.

https://cryptonewsking.com/2020/09/20/desire-finance-wants-to-bring-defi-to-the-masses/

DYOR and good luck OP

>> No.22740718

>>22740536
Leaving the money in the bank would unironically generate more returns than xrp.

>>22740553
Sounds like the proper play thank you

>>22740563
Thanks fren

>>22740583
I would encourage it but at this point I think she can live the rest of her life not worrying about making it. She just needs a few comfy returns here and there. You’re going to make it Dont worry fren. I’m right there with you.

>> No.22740752

>>22739489
Buy dividend stocks. If you want tell her to get 1 BTC and 32 ETH so she doesn't miss the crypto bull run (it's only 1% of $2M).

>> No.22741040

>>22739489
dont put boomers into crypto or anything speculative, they have weak old people hands and will lose money. 10% each into general mills, verizon, disney, microsoft, apple, caterpiller, home depot, jp morgan chase, exxon, and pepsi, and just live off the dividends.

>> No.22741155

These LARPs are so tiring. And these faggots believe it every time.