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$1 Million

ErikV10

New Contributor
Aug 2, 2007
75
14
12
Let's say you've got $1 million to invest any way you want.

The GOAL is to make as much money from it as possible, but not lose it.

Putting it in a bank at a 5% interest rate is only about $50K/year.

On the other hand, I heard people say giving it to financial adviser will average your earning 15%+. Is that true?

What would you do? :thumbsup:
 

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CarrieW

Gold Contributor
Read Millionaire Fastlane
Speedway Pass
Nov 12, 2007
2,540
1,039
346
suburbs of savannah in Ga
ID DO EVERYTHING LOL!!!

seriously tho i would probably do a little in a lot...

id definatley fund a nice sized forex account for 50K and trade and also stock trading account too 5-10k to play...

id buy my yacht and create the business in it i want.(if you want details on this id be happy to share lol)

id buy a variety of real estate.

id search for really fabulous business plans and ideas and fund them....

i have an invention id like to take off the ground.

omg what i could do with a million bucks!
 

CarrieW

Gold Contributor
Read Millionaire Fastlane
Speedway Pass
Nov 12, 2007
2,540
1,039
346
suburbs of savannah in Ga
yes they do but not the one i want! its a fixer upper! and i would get funding somehow on the renovation and business kick off...

he never said it was the only money that we could use lol...
 

CarrieW

Gold Contributor
Read Millionaire Fastlane
Speedway Pass
Nov 12, 2007
2,540
1,039
346
suburbs of savannah in Ga

JesseO

Contributor
Jul 25, 2007
542
32
33
Phoenix, AZ
Very easy for me. With $1 mil I would either buy a $2-$4 mil property and make lots of money, or invest in a REIT of sorts and make roughly the same returns. I don't understand or trust the stock market, so real estate is my safety net (which would make wayyyyy more than 15% annually).
 

kimberland

Bronze Contributor
Jul 25, 2007
822
120
38
Well, I only have half of that with my financial advisor
and he gets me an average return of 12% (after fees).

'Course my advisor isn't just any ol' advisor
(took a lot of research to find him)
and it is not exactly hands off.
I can't just hand over cash and forget about it
(he's an employee, albeit a highly skilled employee).

But unless you won the lottery,
this is just pie in the sky.
If your route to wealth works
(and a million would say that it was working),
then it makes sense to continue on it.
 

MCD

New Contributor
Read Millionaire Fastlane
Mar 26, 2011
58
17
30
ID DO EVERYTHING LOL!!!

id buy my yacht and create the business in it i want.(if you want details on this id be happy to share lol)
Could you please elaborate on how your yacht is going to help you create a business.
 

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