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/sci/ - Science & Math

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5250276 No.5250276 [Reply] [Original]

So, if I ever win the lottery and acquire a million dollars, and I don't want to waste my newfound wealth, how can I best invest my money, as to make it work for me by turning into extra money?

>> No.5250295

Buy a US politician. I heard they're really cheap these days.

>> No.5250297

>>5250295
Really? For only a million dollars? Are there any resources that go more indepth?

>> No.5250299

Dividend paying stocks.

>> No.5250300

>buy sex slaves from eastern europe
>have children with them
>sell children
>repeat

Try injecting steroids into the womb so they can give birth to super-babies who will sell for ten times the amount of a regular baby.

>> No.5250422

I'd like to know more about how purchasing US politicians works. Are there any respect sources on the subject of lobbying that you could refer me too?

>> No.5250432

>>5250422
you just go on amazon these days

>> No.5250434

Honestly invest in property, which washington is desperately trying to create a new bubble for political purposes, and sell before the second bubble pops creating and even worse depression

>> No.5250448

>>5250276
Forget all of these pleb bastards. They don't know a damn thing about investing.

Considering your portfolio, the best long-term investment for you would be Mutual Funds. Diversification = Lower Risk and Mutual funds get on average, 10~12% annual return. Invest your money into Blue-Chip Growth Stock Mutual Funds, which basically means have your portfolio manager put your money into many large companies and businesses. Granted, you won't earn as high of a return as you would with other mutual fund types, but you'll be earning 100~120K a year just sitting on your ass. That sounds like a good investment to me, anon.

>> No.5250451

>>5250448
Economics majors reporting in

>> No.5250455

>>5250295
the problem is that buying a single politician won't get you anywhere.

>> No.5250459

>>5250455
Very well. How many, and which ones? I understand Senators are more valuable than Presidents. How accurate is this?

>> No.5250467

>>5250448
>mutual funds
>on average 10~12% annual return
hahahahaha shut the fuck up

>> No.5250469

>>5250467
What is a more realistic return I could expect from a mutual fund, my good sir?

>> No.5250471

>>5250469
try just beating the rate of inflation, oh wise economics major

>> No.5250475

>>5250471
I have a feeling you're being sarcastic. I wasn't being sarcastic when I called a "good sir," but perhaps this level of politeness is unwarranted on 4chan. In any case I sincerely don't know anything about economics which is the whole point of this thread.

>> No.5250478

>>5250471
>inflation accounts for 7%
What's a better investment then, asshole?

>> No.5250605

>>5250478
I'd like to hear some answers, here. What would be a better investment? Just keeping it in the bank?

>> No.5250621

>>5250605
buy a small business and run it well.

>> No.5250622

ITT: People who have no idea what economics is

>> No.5250632

>>5250622
Could you teach us, or direct us to a reliable resource on the subject?

>> No.5250639

Actually I want to know more about how to buy political influence. .Is there a how-to guide on this subject?

>> No.5250755
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5250755

>>5250639
>honeypot

>> No.5250782

>>5250605
I said it earlier, dividend paying stocks.

>> No.5250812

>>5250632
Adam Smith's 'The Wealth of Nations' and no, I'm not kidding, that shit is foundational.

For some modern day shit, check this:
http://neweconomicperspectives.org/

Also, this (for fucking realsies, 3rd most trafficked econ blog of 2011):
www.nakedcapitalism.com

Also these (depending on your political-economic leanings):
http://www.ritholtz.com/blog/
http://delong.typepad.com/
Delong is a neo-liberal asshat, who has co-authored many publications w/Summers, which is, IMHO, a huge strike against him. However he often has reasonable things to say, and is willing to take criticism of himself and post it/links to it on his own site, a major plus in terms of fostering discussion.
Some applied bankruptcy/law commentary may be found here: www.creditslips.org

Another excellent generally applicable econblog would be (subscription needed for some, but not all, content): www.creditwritedowns.com
Written/curated by Ed Harrison, he claims to have ideological roots in the 'Austrian' Economic School (in opposition to every other site given above), but he has enough intellectual honesty to admit when ideological models fail to describe the prevailing conditions and the consequent need to explore other models.

Oh, god. Pls don't try to make sci into pol, yo.

>> No.5250835

buy 5 to 10 income properties and rent them out.Real wealth does not do work, it collects rent.

>> No.5250841

>>5250835
"the rentiers"