Ok /b/ so here's how it goes... You are given $1,000,000

>>745272401
I would pay my loans, get a pretty good house, and a decent car. The rest of money I'd probably use to franchise a restaurant or something.

Bumping because of my serious curiosity.

>>745272545
That's another part I forgot to add. I will first and foremost be paying back student loans and all debt.

And buy a key of some fire coca.

invest 100,000 in bitcoin
donate 100,000 to the comic book legal defense fund
donate 100,000 to the eff
donate 100,000 to the organization my friend works for
invest 100,000 into woodworking and blacksmithing equipment and machinery for my friend who is into those things
put the other 500,000 into savings/safe investments
wage slave for 20 more years or less if i stop wanting to live

>>745272843
I wouldn't donate shit.

For sure giving my mom and brothers money though

>>745272401
>pay debts
>buy car
>give besties some cool shit
>buy decent house
>invest
Real estate is super volatile, so a decent investment with enough research.
Gold can be volatile under the right circumstances (war threats, etc)
Stocks are great, just don't ever trust an investment firm, they're literally always going to fuck you.

Do everything through a lawyer. Especially gifting if you do any. Even to family.

Treat yourself AFTER your investments are made or you may get carried away.

Start a good steakhouse and eat free every day.

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>>745272401
buy bitcoin for 1 million dollars 8)

>>745273001
other organizations and my friends know how to use large sums of money better than i do so it'd really go to waste sitting in my bank account even though i literally seem to be doing that with half of it.

>>745273083
Can you please explain how firms fuck you over?

My buddy who worked for one didn't recommend doing it.

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buy land in some kind of untouched country
build a house
live there

Stop paying rent and lease to own your own home. Live small and dont buy stupid luxury items. Invest a chunk of the cash and make your money stretch until you can cash out

>>745273190
I like the steakhouse idea for sure!

Would lawyer-ing up really be necessary when gifting money to family?

>>745272401
>invest
>CDs
Pick one, you moron.

You arent broke, which is a temporary state. You're poor, which is a permanent state, because you're stupid, which is also a permanent state.

buy a house,a better pc,invest some and buy myself a rubber vag(im not kidding im really poor atm) i may would sell my car for a better one and buy some anime figurines

>>745272401
BANACEK!

I'd probably stay part time for some time and retire very early. Keep cheap spending habits and keep my lifestyle very similar.

>>745273222
essentially they play with the market with your money in order to help the firm make money and if you lose your investment you're screwed.
there was a recent issue with a pretty sizeable firm getting caught doing it but I honestly can't find it right now.

>>745273621
I'm putting money into something. Therefore, I'm investing into it.

Go start a white-hate thread you cuck. Either contribute or slide that supple ass on a Saguaro.

>>745272401
pay homeless ppl to do retarded shit

Same as anyone. Pay off debts. Buy a good spot of land. Enjoy my life (lol)
Prolly open a bar to be honest, and drink myself to death in it

>>745272401
CDs? What will you earn from them, 2%? That is a really poor investment choice. You should put it into some mutual funds, there are a lot of those that make over 7%. Besides that, you need about $1 million cash and other liquid assets to open a franchise. Not to mention that the Tesla costs over $100,000.

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>>745272401
Go back to school, and buy myself my dream car.
>pic related.

>>745273832
That's fucked. No wonder he didn't recommend it.

1. invest in CDs
2. go broke when the DVD is invented

>>745274166
That's why I started this thread. Thank you for that. Didn't know mutual funds paid that type of figures. As for the Tesla I don't want the fancy one. A used 2013 one would be perfect. And the franchise I would want to open requires only 300k in assets

>>745272401

I would spend $1million
>> enjoy getting shit tons of it back due tax credits (one sec)
>> buy $1million worth of solar panels
>???
>profit

I would just sit back and collect the cash

>>745272401
Hire a well-reputed CPA with a contractual fiduciary responsibility.

>>745274755
do yourself a favor and discuss this with a CPA before you spend the money lol

>>745272401
Spend a moderate amount on a moderate place of living with at least some promise of long-term profit.
Spend a decent amount on home security.
Buy a cheap but decent vehicle.
Pay off debts.
Set aside a small annual budget for a slightly better quality of life; no more eating $1 shit, but hello eating $10 bulk shit.
Invest/save the rest using insider knowledge, find a decent lawyer to make bureaucracy work in my favor in case of accident or other incident/s.
Continue to work.

>>745272401
>>745272401
>>745272401
buy about 25K of silver
hide it very deep into a mine,
buy for 25K worth of bitcoin.
get a licence for a plane
buy a Seaplane

invest 10K into a meth lab,
run it and make money out of it.
give lot of money to lot of people including 4chan people.

build myself a secret bunker far in the yukon,
stock pile some food there. in case shit go very wrong.

A million dollars isn't as much as you'd think. People think it's a lot because they don't understand inflation, $1,000,000 in 1913 was $25,000,000 in today's money. These means don't quit your house or rack up expenses, you're not rich.

Try to buy rental properties, flip houses(if you're good with tools or know somebody close), or buy a franchise(if you have a business degree)

>>745274373
Check out the T Rowe Price and Vanguard funds. Even a simple S & P index fund has averaged better than 7% over the past 10 years. Some funds from T Rowe have returned 10% or better.However, DO NOT use an insurance company. They are just thieves.

>>745272401
>invest in CDs
May as well sew it into a mattress.

Put 80% into a decent REIT and spend quarter of the distributions. With luck, you should get about $16K/year after taxes with enough growth to match or exceed inflation.

$1M cash is not rich anymore, anon.
When I was a kid, $16K would have bought a house. Just imagine what it'll cost to buy a house when you're an old fart.

>>745274228
My.

Nigga.

Also my favourite. You got it from Bullitt, right?

>>745275563
*job.

>>745272401
Pay off my house. Bank the rest for kids college. Keep on trucking

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>>745275577
Dub Dub

>>745275563
>>745275577
True on the not a lot of money part. I don't plan on balling out like that. I live pretty modestly already so I think this money really just opens doors to investing a lot quicker than my normal job would.

>>745273621
Does he mean like music CDs?? Or is thday what you guys mean by flats i.e. Condominiums?

Wine, women and song. Squander the rest

>>745273216
Other organizations?
You mean charities?
They would piss your money down the sewer and spend it on sjw causes.
Fuck that, do a George Best.

>>745274228
get a SRT Demon instead, they're actually pretty reasonable, and also holy fuck fast.

>>745272401
I would buy a nice brand new semi and put the rest into a NASDAQ index fund.
Then I'd hit the road and enjoy the rest of my life truckin on.

>>745275944
Certificates of Deposit.

Google.

Comfortable modest house bought and paid for, reliable car paid for, invest and save and just keep working towards other goals. With 1 million, if done right and proper and with some work involved, could retire pretty easily

>>745275613
no, i just love the look of the old mopar cars. Plus dukes of hazard was a badass show.

My first million, I built a house, a half section, and 2 new cars.

Since then, I have bought the other half section, and put 9 mil in the bank.

Now retired living off of 9 million in municipal bonds @ 5% interest. Roughly 450k per year.

>>745276079
thats why i named specific ngo's that don't piss it away which further agendas that i support.

>>745276129
Ta. Cant be bothered google but i kinda know what you mean

>>745275577
buy the house now mcshitter mcveiyyyy
"save your money" oy vey
we all know why colleges are always building new construction. get with it fartfuck

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>>745276099
>>745275944
>>745275577
>>745274755
>>745274166
>>745273222

>>745274302

underrated post

>>745276185
Love that ear. Chevelle SS 1970's probably my second

Alcohol. and meth. Until death

>>745272401
Heres what I would do:
>Donate some of it
>invest half if it into marijuana companies for a good stake that way when the shit booms all over the country I would make a fuck ton more money to keep investing
>pay off any debts in my immediate family
>use the rest to buy myself an awesome house and property.

>Be me 20 years from now
>Billionaire from investing money all the time into pot and stocks
>life is gud

>>745272401
I would enlist the services of a financial professional who knows a lot more than I do, tell him I want to turn this million dollars into as much money as I can without ever doing another day of real actual work until I die.

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>>745276386
this and two others.

>>745272401
>put it all in an offshore bank (swiss,bahamas,etc)
>live of 5-10% interest
>?????
>profit

Go to a professional financial advisor.

>>745276624
Also el Camino. not sure if that's hipsster these days but I've loved it since I was a kid

>>745276656
>>>>5-10% intrest are you retarded?

intrest doesnt go up even past %0.8

Mmmmmeeeeeeeeeettttttttthhhhhhhhhh in my nose ahhhhhhhhhhh

>>745276568
A mill isn't enough for that anymore.

Unless you could live off of 50k or less.

>>745276694
oh for sure. kick ass cars.

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>>745276777

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>>745272401
Invest in a submarine and explore the most unexplored part of the planet.

>>745272401
Put 500k into various index/hedge funds, 100k in bitcoin, 300k into some apartment complexes, and play with the rest modestly. Most importantly I wouldn't tell anyone, and continue to live like I am now.

Not the most exciting answer, but that's what I would do.

>>745276737

Plenty of savings accounts give 1%+

>>745276290
I already have a career, so why do I need more college?
Besides, the cost of college these days is getting pretty close to equalling the added income you would get from a college degree. And no - not everyone is cut out for an engineering degree, son.

Home ownership is actually a bad investment. After years of taxes, maintenance, insurance, etc.. the average home barely gains value - despite double digit rises in housing costs.

What you don't understand is that I'm a trucker. I live in a truck. No house, no property, no mortgage, no insurance, no taxes, no utilities, no cable, no maintenance, no car, no car insurance, no gas, no car maintenance, no plates, none of that shit. All I got is money rollin in. Why the fuck would I give this up? By the time they pull my ass out of my truck, I'll be going straight into a retirement home cause I'll be too old to demented to take care of myself - let alone keep a house up.
Either that, or they'll pull my ass out just to bury it.
I'm already doing what I love doing. Why retire when you're already having the time of your life? Am I supposed to quit having fun so I can say I'm retired? Fuck that.

>>745276995

I'd switch the 500 and 300k's

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posting tits

>>745277365
Do more of that

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>>745277498
You got it, slick.

Thank you everyone for the contributions. My fap folder, in return.

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quints

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>>745277854

>>745272401
A whole bunch of hookers and cocaine.

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>>745277882
milf edition?

Ok. One million dollars. Easy. I pay the 500 dollars to get my license fixed. I spend 30000 on a mid 2000s free candy van and outfit it into a livable space. Invest 500 thousand into bitcoin. Take the rest and travel the country in my van getting drunk smoking weed and having adventures until until I decide to stop and build a house somewhere. Chill for the rest of my life

>>745276290
it was feedback on your advice, not career. I hope you have a huge fart in that truck of yours, fartfuck! I wasn't giving you advice! College is one of the worst investments! I was talking about becoming A SLUMLORD AND TAKING OVER THE COMMUNITY AND WE WUZ KANGZ AN SHIEET NIGGAAA

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Would for sure throw it all into some cheap stock. Like those penny stocks from the wolf of wallstreet

Hella stocks in a company should be tight, i'd be loaded in like 4 years

>>745278190
THIS SHIEET IS RIGHT OWN MA NIGGAAAAUUAAA

wE WUZ KANDY KANGZ IN THE MID 200S

>>745278410
>penny stocks

Just fucking gamble it away. More fun that way.

>>745278454
This is already basically my plan, minus the 500000 in bit coins. So a million dollars just saved me having to wage slave another few years to do it

>>745272401
I try to turn that million dollars into more millions all while living comfortably, more so each year as I increase my net worth

>>745279172
hell yea man. drop a big log for andy sixx

>>745277738
I might just bust to this one

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>>745279582

>>745280020
Nah, changed my mind.

>>745272401
Buy love.

>>745272401

I was in a similar situation earlier this year (but what I got wasn't quite as much). I made enough at my job to support myself comfortably already so I used the new funds to pay off my debts and invested all the rest. That might not seem exciting, but the stock market has been doing so well this year and my net worth is growing rapidly. The money goes fast if you start spending it on stuff you don't need. Time is on your side. It is best to invest it now, because you can always spend it later. Also have a will prepared just in case something happens to you

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>>745280089

>>745272401
why invest in CD's? that's ancient technology but it will never really gain value when vintage.

>>745272401
ITT: Delusional Bitcoin investors.

>>745280231
I'm not gonna do that anymore. My financially uneducated ass was enlightened by the anon that recommended mutual funds

>>745280332

invest it in an account somewhere that does tax-loss harvesting for you automatically.

>>745280424
googling that now, sounds beneficial as fuck

>>745272401
Popular burger franchise? For example, McDonald's asks for $900.000 but they will not let you open the restaurant wherever you want, but where they want. Remember, McDonald's bussines is not hamburgers, but Real State. You'll be paying rent to them as long as the franchise is open. Also, you'll have to attend a 12 month course and if you do not pass it, you loose the franchise and part of the money.

>>745272401
Unfortunately, one million dollars is not very much money these days. If it were me, I would pay the bills, buy a house and a car, do a bit of travelling, and then stop. and. think. about the rest.

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>>745280424
have tits brother, thank you

>>745280536
Not a mickey d's type place. It's a legit restaurant. They just specialize in burgers.

>>745280534

wealthfront is one decent place that I've done business with. They offer this and direct indexing. Very newb-friendly.

I would go back to school for finance with a portion of the money, then with the other portion invest in stocks and bonds. Let it grow and just live my life off the assets. Easy.

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>>745280699
Nice, will check it out. What is your opinion on Vanguard?

>>745272401
buying cocaine, all jokes aside is a horrible idea. it's an addictive drug and drains your pockets. If you really want to do drugs and have a good time just smoke weed. If you aren't satisfied with that, i guess do coke and become a homeless man due to your addiction

>>745281100
Drug wise my first purchase would be a zip (No use buying a pound I wont smoke that much) of some the firest fire I can find, a zip of wax (I'll smoke the hell out of that), an ounce of uncut blow, and more DMT.

And xanax

>>745280944

it isn't a bad idea to have multiple investments so you don't concentrate your wealth in one place. I also do business with vanguard and t. rowe price. Vanguard's index funds are hard to beat due to their very low expenses.

regarding the tax-loss harvesting, it is important to note that you will need to leave the money invested for at least a year to maximize the benefits. This is when your investments will be considered long-term and will be taxed at a lower rate.

>>745281411
Perfect, thats exactly the type of info I'm looking for.

Why would anyone buy a car WITHOUT A GODDAMN MOTOR?

I love to burn Teslas at green lights. My car makes beautiful V-10 noise and the tires smoke beautifully and I'm sorry, I can't see you in my rearview anymore.

>>745275563
>Try to buy rental properties

May be the best option. Buy houses, rent them out to families for a reasonable price per month. Sit back and collect money for life. That would be a nice foot in the water imo. Especially when you first get the money.

Buy a house or two, especially in a gated community, and figure out how to rent them to families. Not sure if you have to go through the bank to get this started or what. It's a good investment nonetheless.

>>745281651

You are welcome bro

I have a background in strategic finance so I was very confident handling my family's financial affairs (we had a death in the family so there were matters to attend to). If you are uncomfortable or aren't sure what to do, it is definitely recommended you get yourself a proper certified or licensed financial advisor who is independent and not trying to sell you insurance products or investment vehicles. Often times you can find a good accountant who will give you sage advice while saving you money on your taxes.

>>745282213
What can I do with 1000 dollars in an 401k and 1000 dollars cash?

>>745272401
I can honestly say I'd donate 750,000 to cancer research or some charity or something and use the rest to retire early. Buy a nice house and some of the rarer arcade cabinets, a nice big TV and a real beefy PC setup. That kinda shit.

hookers and cocaine

>>745282603
you have no concept of what things cost, do you?

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>>745282603
>thinks he can retire with $250,000

>>745272401
>(knock on wood)
It's "touch wood", fam.

>>745272401
Tesla is stupid. It's sexy, don't get me wrong, but it's stupid. you're a dick. burn some oil. Get a Bentley if you want to be obnoxious.

Otherwise your plan is shit, $1 million is not enough to fund that many ventures at once. 80% to the safe shares, 20% to agressive high risk trading if you want, but not more. Or, start a franchise and be its bitch for the next 40 years until you're in your 70's, realizing you'll never retire. Or set yourself up, make a real gameplan to make a living, and don't every worry cuz you've got a million dollar backup.

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>>745283049
>Thinks you can still retire

>>745272672
Don't do this unless the debt cost you more then you can make investing.

Hire an actual financial advisor.

Think about it this way why do you think even companies with massive cash reserves have debt? Because the money can be making more money elsewhere rather than paying off something just to feel good

Wealth generates even more wealth.

Hire a professional nigger.