/biz/ - Business & Finance

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Anonymous Tue Oct 31 01:21:21 2023 No.56514122 [Reply] [Original]

I'm financially illiterate and just inherited $1.2mil.

What is the braindead method of making this money work for me?

Do I dump 1 mil in some dividend like SCHD and live off the payments and never think about a buck again?

>>	Anonymous Tue Oct 31 01:21:50 2023 No.56514124 yeah

>>	Anonymous Tue Oct 31 01:23:25 2023 No.56514134 yeah

>>	Anonymous Tue Oct 31 01:26:37 2023 No.56514151 >>56514122 >just inherited $1.2mil. Prove it, otherwise fuck off

>>	Anonymous Tue Oct 31 01:30:33 2023 No.56514176 >>56514122 all in DOGE

>>	Anonymous Tue Oct 31 01:40:25 2023 No.56514244 >>56514122 Congrats op. Can you help me no go unironically homeless? Also, yeah kinda good idea.

>>	Anonymous Tue Oct 31 01:42:28 2023 No.56514260 >>56514122 Can you kill yourself please?

>>	Anonymous Tue Oct 31 01:42:41 2023 No.56514263 it's unironically very simple, buy btc and hold. Congrats you made it.

Anonymous Tue Oct 31 01:49:51 2023 No.56514304

>>56514122
Yeah take like 200k and go live like an absolute king in some SEA country for a few years while the rest of it grows in dividend stocks or index funds or whatever. Go bang SEA monkeys for a bit, come back, marry a zoomer roastie and live happily.

Anonymous Tue Oct 31 01:54:01 2023 No.56514325

Pretty much. Drop in 1 million, pay off your debts if any with part of the other 1 million, punt some into an emergency fund. Then just do fuck all for the rest of your life. Or you could do a split. 1 million in SCHD, 500k into VOO or other S&P fund and let it roll untouched. Just don't go nuts with it and end up ass broke.

>>	Anonymous Tue Oct 31 01:56:27 2023 No.56514348 >>56514122 split in real estate, PM, stocks, bonds, etf and btc. talk to a bank manager, not 4chan!

>>	Anonymous Tue Oct 31 03:07:44 2023 No.56514759 >>56514122 If you're truly illiterate take it to an investment firm and have them handle it for you.

>>	Anonymous Tue Oct 31 03:32:51 2023 No.56514903 Put it all on the SP500 and liquidate 3% yearly and live off that. You will never run out of money while making some money.

>>	Anonymous Tue Oct 31 04:05:31 2023 No.56515089 >>56514903 This. You will have an excess of spending money while still growing wealthier. Why would you do anything else?

>>	Anonymous Tue Oct 31 04:13:55 2023 No.56515120 >>56514122 all in on chainlink

>>	Anonymous Tue Oct 31 04:16:01 2023 No.56515131 >>56514122 You can get 7% a year with next to 0 risk. 7% of 1.2 mil a year is 80k a year just from existing (discounting inflation losses).

>>	Anonymous Tue Oct 31 04:18:43 2023 No.56515150 File: 30 KB, 362x362, 1698355314871269.jpg [View same] [iqdb] [saucenao] [google] Go back the way you came and ask reddit

>>	Anonymous Tue Oct 31 09:01:07 2023 No.56516454 File: 3 KB, 150x150, 4chan15.jpg [View same] [iqdb] [saucenao] [google] >>56514122 $1.3M is a lot and I can't imagine how much I'd get in APY if staked into one of SpoolFi's less risky vault.

>>	Anonymous Tue Oct 31 09:11:10 2023 No.56516480 >>56515131 How

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