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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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361639 No.361639[DELETED]  [Reply] [Original]

What's that? You just inherited $3.5 million. What do YOU do to get the most out of it?

>> No.361640

Buy Doge
Short PRAN

>> No.361682

>>361639
Put a 2 mill in some fund that might make me ~5%% interest a year.

Use 500k to pursue my biz ideas.
Keep 500k in da bank.
Use 500k, if that, to buy things I want.

Live modestly off interest if possible.

>> No.361684

>>361682
>Live modestly off interest if possible.

said every person ever

just admit it, we'd all live it up.

>> No.361712

>>361639
Invest in the 2045 movement, as you need 3mil to do so. Use the rest frugally.

>> No.361729

>>361684
>being like everyone else

stay pleb

>> No.361746

500k to buy nice things for everyone in my family
500k for myself to play with
1.5mil in bonds
1mil in etfs

>> No.361751

>>361684
You might be surprised. A lot of millionaires are frugal.

>> No.361755

>>361684
No, no I really wouldn't. I've tested the edges of my own consumption, and I just don't care. I'd have more enjoyment sitting under a tree next to a creek/lake/river with a kindle than "living it up". I think my own personal Nirvana would be living in some 3rd world tropical paradise/hellhole and acting as a dive instructor in my spare time.

>> No.361759

>>361755

>a kindle

absolutelydisgusting.jpg

>> No.361760

>>361759
Sorry I didn't use the word "ebook reader" "nook" "dickshitting Kobo" or whatever you wanted.

>> No.361763

>>361760

How about a fucking book you pleb.

>> No.361764
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361764

>>361763
>book
>he doesn't want to carry around a library with all public domain works pre-Mickey and whatever author he's currently into.

Step up your literacy anon-san.

>> No.361790

>>361764
>public domain
>dead/outdated languages

lol, nonfiction reading might be fun or whatever but if you want to read useful books you read those in the present

>> No.361803

I would buy forestry properties and real estate for half. Invest 25% instocks and keep the rest in a bank account.

>> No.361804

>>361790

>Not knowing the primary dead languages.

I've always known /biz/ was pleb as fuck.

>> No.361817

Property, probably.

There's a bunch of properties up North for ~£70-100K that could easily be let out for £550 a month.

So buy 35 houses.

~£230K a year income on them.

Take a £30K wage and just keep buying houses with the rest.

Create a huge property empire. As it grows, it'll be easier and easier to buy more houses per year.

>> No.361842

>>361804

Even the plebs still spoke Latin.

>> No.361857

>>361817
> hasn't factored in maintenance or anything

>> No.361866

>>361857

Maintenance, insurance and letting agent fees might amount to 20% at most.

Plus, if I wanted I could use all those houses as collateral for a fuck load more mortgages and buy up houses even quicker.

>> No.361899

>>361639
buy land. exploit the land to make money. pass ownership of the land down to children. who pass it down to their children and so on.

>> No.361909

Buy a single kilogram of physical gold. Purchase land and a house on the land. Give my mother $300,000 to recoup her losses sustained in the 2008 financial crisis (she is disabled and cannot work, so her only income comes from her lawsuit settlement. 10% of the remainder goes to the youngest in my family to pay for their college education. Another 10% goes into a bank account for personal use.

The rest goes into a stock portfolio that looks like this:

30% into PTTAX
30% into VMNVX
20% into hail mary stocks of various denominations (I like HYSR and AMCO)

>> No.362048

>>361639
Daytrading
>buy at 30 RSI
>sell at 50+ RSI
>repeat
Turn that 3.5million into 30 million in no time.

>> No.362139
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362139

I think I would use a million to start a software company or simply buy an existing one for some projects I've thought about.

I put another million in the stockmarket, bonds, plus some gold.

The $500K, I'd buy a $200K house and live off the $300K.

No one else gets fuck all time I make at least $10 million off my investments. I'll take them out to diner on occasion.

>> No.362140

Invest 95% of it in high-stakes lobster racing tournaments

Immediately spend the remaining 5% on consuming my weight and the weight of two others in delicious food. If my initial investment pays off, I'll be able to live like a king. If it fails somehow, which is highly unlikely but you need to always plan for these things, I engorge myself again after taking a huge bank loan and kill myself on forced overconsumption of food.

>> No.362189

>>361684
>we'd all live it up

No, were not all you.

Id spend more than I do now on food and travel and clothes but Im not gonna blow it when i can grow it.

>> No.362215

Put it in a fund or something that nets me interest for a year until I graduate from college.

Travel for a few months.
Buy some beachfront property and build a beachhouse for myself. Build my own home gym, a spacious garage, have some project cars that I would work on, my own boat later on down the line.
Live it up frugally, maybe invest it in other things as time goes on. I've always wanted to own a club or something.

>> No.362247

buy a mcdonalds, invest the rest in a part of a major city that will most likely be subject to gentrification in the next decade.

>> No.363030
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363030

I just inherited a few million from my father. How can I turn this into a respectable $15 million or more

>> No.363040

At just 7% interest, that's well over $200 grand a year.

If you can't live extremely comfortably off that, you're a complete degenerate and need to be killed.

I'd put 3m in index funds and high dividend yield funds, then use the remaining 500k to buy a decent apartment in a nice city. Then I would never, ever work a day in my life again.

>> No.363073
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363073

>>362247
>investing it all into Detroit.

>> No.363080

Plan for retirement. Invest some directly in the market, but most in a fixed index annuity.