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/biz/ - Business & Finance

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27795740 No.27795740 [Reply] [Original]

long story short i'm about to inherit $1,75 million from my grandpa who passed away, whats the best way to invest it? i've done a small sample of trading moving a maximum of 20k before so i dont want to go balls deep. is it worth hiring a middle man to invest for me? appreciate all advice (yes i am a financial brainlet)

>> No.27795784

>>27795740
buy land

>> No.27795844 [DELETED] 
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27795844

https://stocktwits.com/symbol/CLF

$CLF
02/04/2021
>"New orders for manufactured goods in December, up eight consecutive months, increased $5.2 billion or 1.1 percent to $493.5 billion, the U.S. Census Bureau reported today."

https://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf

---------
$CLF
02/04/2021
>"US trade court dismisses challenge to Section 232 steel tariff"

https://agmetalminer.com/2021/02/04/this-morning-in-metals-us-trade-court-dismisses-challenge-to-section-232-steel-tariff/

>> No.27795847

>>27795784
Unironically this, that's what all the pedos are doing.

>> No.27796167

>>27795740
don't change your lifestyle at first. live within your pre-established means, decide what kind of gains you want and a plan to achieve them with what you have. quitting your job could be beneficial if you are a wagecuck currently, if not then stay at work and invest longterm. if wagie then then quit and set aside a realistic portion for daytrading and if you find success in the first month or two stick with it. 1.75m is a lot but not lifetime made money, use it as a platform to make a sustainable future.
don't go in on your buddy's business, don't try to develop a video game or write a hit album.

>> No.27796196

investing is retarded, move to Mexico just south of California, get a normal apartment by the beach and never work again, get hookers

>> No.27796201

>>27795740
GameStop

>> No.27796282

1. Buy Property somewhere you'd want to live
2. Rent out the rest of the building
3. Collect rent each month
4. Invest that money into stocks, crypto, and gold
5. Sell when you have enough gains, buy more property
6. Rinse and repeat

>> No.27796288

>>27795740
fuck these lame-os, buy a lambo, some coke and go fuck a bunch of hookers, travel in stay in 5 star hotels, live the life

>> No.27796463

>>27795740
50% to gme, squeeze is just around the corner
Rest to nok, 5g overlords from finland, the company got ruined by ex ceo elop but they are just about to get their shit together with new ceo marklund

>> No.27796497

>>27795740
When my father died I got like $100k after paying my student depts. I failed university and fell for uni meme again. No job, high lifestyle, travelled around the world. now I‘m nearly broke. never worked a day in my life. University still not finished. The money destroyed my life.

Definitely don’t change your Lifestyle and think about a big investment instead of just living your life and wake up with 50% less money in a few years.

>> No.27796539

>>27796288
don't do this, if you have to get a lambo, get a 10 year old used one for $80k the cumdumpsters that you'll meet with it won't know the difference.

>> No.27796587

>>27795740

if you buy rubic you will actually make like $30,00,000

>> No.27796642

>>27795844
Stop shilling this

>> No.27796720

>>27795784
Property tax exists tho

>> No.27796805

>>27795740
all of it into shitcoins trust me

>> No.27796869

>>27796587
Sir that is very big number sir

>> No.27796920

>>27796720
That's nothing compared to how much the land will appreciation. I pay $1400 per year in property taxes I bought my house for $355,000 and in the 6 months i've lived here its already estimated to be worth $406,000 now, my neighbors house sold 2 months ago for $460,000 and whiles it bigger than my house its much more outdated.

>> No.27796976

>>27795740
unironically put it in BTC

>> No.27797048

>>27796976
or ETH, or Both

>> No.27797121

>>27795740
buy some link
your priced out for a suicide stack unless you willing to drop 25% of what you getting

>> No.27797271

>>27795740
Wouldn't be the worst thing to find a financial advisor. They will keep you on target with your goals. But you need to understand two things. First, your FA should specialize in clients your size. They will hook you up with unique opportunities, people, and networks that poorfags never hear about. Second, you need to understand you will never be their top priority. They have other clients and they're managing their own money too.

What you want to do with that sort of money as a financial brainlet is get it invested in a diversified portfolio. Stocks, bonds, gold, large cap small cap, foreign, domestic, etc. You should be able to set it up that you basically just live off the interest and dividends your money produces each month.

Understand that with that sort of capital on hand banks will extend you as much in leverage. This means you could buy a million dollar ranch and easily make monthlys off the aforementioned portfolio yield. Buying land is something most people can only dream about. You can setup yourself and your great grandchildren. Land leaves a lasting impact on your legacy.

Don't spend it. You will fucking regret it if you do. I inherited money and I bought a few nice things and looking back I regret even those few things. Don't let it change you. You still need to be a productive member of society if only for your own sense of self worth and accomplishment.

Good luck, bro.

>> No.27797287

>>27796720
idiot

>> No.27797409

>>27795740
Buy 3-4 large properties. Live self sustainably off of one. Rent the others out.
Put the rest into ETFs/Indexes (call a financial advisor), give yourself some play money. Don't splurge for a few years. You have no choice but to retire high 8 figures. It's really that simple

>> No.27797775

>>27795740
>>27795784
>>27795847
FARM land, specifically. already developed for industrial agriculture, that they anticipate being even further totally automated in the near future. the automated biofuel farm is the literal oil field of our 'green' tomorrow.

>> No.27798057

>>27795740
Invest it in property/land. Money devalues and stocks are literal gambling. Land maintains its value and in the long game always nets profit.
My advice, buy a plot of land, get quotes from builders to see what you can do with it, build a couple of units and rent them out. Live off the rent and never work a day in your life.

>> No.27798460

go all in on DOGE