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Sudden windfall

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File: badman.jpg (436KB, 1920x1080px) Image search: [iqdb] [SauceNao] [Google]
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>Be me
>Parents die in an accident
>"Is this Anon? Im from Sum-pho-king life insurance company. Take this check for 200K."
>"Is this Anon? Im Schlomo Shekelburg, attorney at law. Im representing the families. You're getting 100 mega shekels (minus my 40% OY VEY).

Im getting around 300k after all is said and done. Im 23 years old and I dont want to fuck up everything my parents worked for. Ive been thinking about being a landlord since my mother was one or letting some financial advisor invest it for me. Before the accident I could support myself just fine and I had amassed a decent saving on my own (about 12k). Otherwise, Im a fish out of water. Any advice?
>>
Id like to idealy turn this into something that generates a passive income if thats feasible at this amount.
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>>1770653
open a forex account and trade
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>>1770653

by two 100K rental properties and keep 100K cash for emergencies in general in your personal life as well as repairs on the rentals. hire a good property manager to deal with all the bullshit so you're very minimally involved. put each property in a separate LLC you form. it may take a few months or even a whole year but at some point you should start making 15 to 25% Roi on your Investments. over the years they will pay themselves off while generating a little extra that's passive for you. eventually you will on both outright and collect rent on them forever thereby turning your 200k into much much more down the line. eventually you could add more properties once you know what you're doing and you can pass all this shit down to your kids one day to thereby giving them a giant safety net.

I'm using talk to text so excuse the fucked up formatting.

also take like $10,000 and treat yourself
>>
Two words: futures trading
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>>1770653
real estate

everything else are memes
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>>1770679
>>
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My condolences anon.

>>1771354
Solid advice. I really see no other safe, viable option that could beat this.

Don't trade bullshit. Buy property and keep on living within your current means. When you hit 40 you are going to be doing very well for yourself.
>>
>>1770653
It's simple.

OP is batman.

Invest in a mansion w/ underground cave. Buy a cape and a sweet car. Get a butler.
>>
>>1770653
Buy appartment and get yourself an education aka invest it in yourself, rest of the money put it in stocks, ask your banker for best stocks
>>
First of all I'm extremely sorry for your loss, secondly do not jump into trading or alt coins with that money. If you want to buy £10k in stocks of a company you believe in its a different story but don't spunk your money on high risk situations.

At this point it would be smart for you to invest in some property if your parents didn't own any, if they did and you can move into your family home do it. I'm not sure of property costs in your area but if you can pick up a nice apartment for less than 180k you will have plenty left over to put into savings and add to with your wages. Depending on your job if you work remotely you can live pretty comfortably off that money.

If I came into 300k I'd buy a couple of apartments in the French alps (80-90k each), live out of one and rent the other all year round (obviously summer and winter will have more bookings but you can still get steady rentals throughout the year) whilst generating income by working remotely.

In terms of saving the left over speak to a financial advisor and you can discuss the exact requirements of what you want from the savings in the long term.

Definitely don't splash on things you don't need, buying a 50k car whilst awesome is financial suicide if you want that money to last.
>>
>>1770653
just imagine anon.
100k in $0.1 penny stocks basically guaranteed to go to several dollars. You will be so rich.
>>
>>1770656
>>1771416
This. Become the dark hero Gotham deserves, but not the one it needs right now. A silent guardian. A watchful protector. A dark knight.
>>
>>1770653
become the Batman
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>>1770653
One word: Real estate.
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>>1770679
This, but only do it with demo money first. Then when you git gud, put in $1000.
>>
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>>1770653
Sorry for your loss anon. As a landlord i will say if you arent affraid of a little headache go for it.

First buy and read all of these.

Then slowly get bank loanes and grow your real estate steadily.

Hire good property managers and shit.

Retire a multimillionaire before you are 30.

Remember this post.

Thank me in ~6 years.

There is not a doubt in my mind if i was handed 300k right now i would never work again.

300k is 20% of what? 1.5 million in rental real estate loans? Every 6 months or a year
take out equity and find more?
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>>1771416
Sensible dead parents joke?

It's never too soon.

Was craking jokes at my best friends funeral last year.

Disrespectful as fuck sure, but i have diagnosed mental illness so who cares
>>
>>1771800
That's two words.
Thread posts: 19
Thread images: 5


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