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/biz/ - Business & Finance

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56096695 No.56096695 [Reply] [Original]

>be me
>work part time at a bakery and spend my days off being average 4chin neet
>earn humble amount of money but have no debt or excessive expenses
>always been good at managing my money and never had financial problems
>rich dad and aunt die in car crash one day
>inheritance comes through
>€1.5 million after taxes

I have no clue what to do with all this money. I'm a 24 year old autist with no friends or gf. I still go to work because I like my job and I understand the value of human contact and conversation. I don't care for materialistic things like fancy watches or cars. I drive a 13 year old used Ford Transit that my uncle gave me because I like it and it still works (I hate the idea of waste and unnecessary consumerism). I tried going on foreign holidays and it was fine but I always felt lonely on my own. I don't care about fashion. The only things I have bought with my money was a new PC and a new collar and comfy bed for my dog.

I just look at my bank account and see €1,535,234.87. Idk what the hell to do with it.

>> No.56096707

>>56096695
hookers

>> No.56096743

>>56096695
Invest a large amount of it in an index. Think about where you would like to live, as in where you see your future, it doesn't have to be fancy. Buy land and a property there. Use your money to pursue your passions. Keep some change to have fun with shitcoins.

>> No.56096776

>>56096695
>Rich dad and aunt die in car crash

So your aunt was giving road head to your pops?

>> No.56096807

>>56096695
Listen you fucking retard. Put the money in a money market account that is earning 5.5% interest. Thats $8,000 a month income. Live off of your day job salary. Save the 8k monthly interest. Reinvest a lump some when the markets tank

>> No.56096833

Invest in uranium. Thank me in five years

>> No.56096903

gallium futures 1.25x all in
u won't

>> No.56096919

Congrats OP. You should put it in a high yield savings, short-term bonds or money market account and get about ~5%. That's about $6250 per year and should be plenty to live off of if you ever wanted to stop working.

If you don't necessarily want or need the passive income, you can let it compound and grow or donate some to charity.

>> No.56096961

Buy American index funds if you don't want to work or buy a profitable business but keep management.
Better yet but theta and stake jt

>> No.56096969

>>56096695
There are several ways to earn 5% interest easy nowdays. That's 75k per year doing nothing.
Live on 2/3 of that and compound the rest.
Live slave free forever.
And to not lose your mind you can find something to do you really like and earn extra money with.

>> No.56097000

>>56096695
go travel.

>> No.56097020

>>56096807
This

>> No.56097035

>>56096695
Congrats OP! Agreed with other anons about the money market fund, buying land, and index funds, though you should obviously consult with a financial planner (or two). Above all else make sure you diversify your assets.
In terms of what to do with your free time, I recommend finding a hobby you think you would enjoy and seeing if there's any local meetups for that as a way to get to know people.