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$1 Million

ErikV10

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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

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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

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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

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JesseO

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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

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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

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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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