What would you invest it in so that you could retire in 10-15 years?
Buy some real estate?
Stonks?
Bit cones?
Buy a restaurant or some other turnkey business?
I know there are a few financial genius' on the misc.
I value your imput.
Please advise.
|
-
02-04-2021, 09:11 PM #1
If you have 1 million dollars to invest...
Balloon knot connoisseur.
-
02-04-2021, 09:12 PM #2
-
02-04-2021, 09:12 PM #3
-
02-04-2021, 09:13 PM #4
Beanie Babies and GME
or your MomMR.PHF '09
“Do you see over yonder, friend Sancho, thirty or forty hulking giants? I intend to do battle with them and slay them.”- Don Quixote
''Damn right I like the life I live
'Cause I went from negative to positive
And it's all Good..."
"Friends come and go but Enemies Accumulate"
"Zero tolerance Crew" ZERO, NADA !!!!
-
-
02-04-2021, 09:13 PM #5
-
02-04-2021, 09:14 PM #6
For passive investments, cash. There's nothing in this market that isn't overvalued, save maybe some foreign stocks that I don't understand well enough to purchase.
If I had free time...probably buy rundown 15 door apartment building, evict all the nonpaying tenants, spiff the place up and rent it out.
-
02-04-2021, 09:14 PM #7
-
02-04-2021, 09:18 PM #8
-
-
02-04-2021, 09:19 PM #9
Came in 4 GME
"One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
-SoutheastBeast1
-
02-04-2021, 09:20 PM #10
-
02-04-2021, 09:21 PM #11
-
02-04-2021, 09:21 PM #12
Also you should be able to retire now if you're ok living off 60k/year. You should easily be able to net a 6% return off 1 mil each year unless you're a retard. You should really be able to to get a better return than that to cover inflation technically so that 60k living expense stays constant over time corrected for inflation.
No need to wait 10-15 years. Unless you're looking to retire living large"One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
-SoutheastBeast1
-
-
02-04-2021, 09:24 PM #13
-
02-04-2021, 09:27 PM #14
-
02-04-2021, 09:27 PM #15
FYI
https://money.usnews.com/money/retir...023.46%20years.
The financial technology company SmartAsset looked at average household expenses and found that, nationwide, a $1 million nest egg should last 23.46 years. That assumes a real return of interest on the savings minus inflation.
Since costs can differ dramatically throughout the country, the company then adjusted expenses based on the cost of living in 232 cities. The results showed retirees in New York City would deplete $1 million in 10.21 years, while the cash would last 32.26 years in McAllen, Texas."One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
-SoutheastBeast1
-
02-04-2021, 09:28 PM #16
-
-
02-04-2021, 09:31 PM #17
-
02-04-2021, 09:31 PM #18
-
02-04-2021, 09:31 PM #19
- Join Date: Oct 2006
- Location: Yukon, Oklahoma, United States
- Age: 39
- Posts: 9,893
- Rep Power: 14846
OP you never stated your age. Due to inflation and cost of living going up every year there's a huge difference between a guy wanting to retire off of 1 million at 65 years old and one that is only 50
Putting your cash on real estate, stock market and trying to start a successful business are all pillars of a secured retirementKindness is all that matters in life
-
02-04-2021, 09:51 PM #20
-
-
02-04-2021, 09:59 PM #21
-
02-04-2021, 10:01 PM #22
-
02-04-2021, 10:06 PM #23
Don't get me wrong, I'm shooting for 3 mil personally so I can live off 100k+/yr
Im just saying feasibly you can easily be fine if you invest properly with 1 mil on hand. You wont be rich but you'l be plenty comfortable. Keep in mind when I say 60k you won't be taxed as heavily either so it's not the same as saying a 60k salary. It's more than that. But still you're right, not lavish vacation/travel status either.
If you have a family then factoring in that significantly changes things too since you have to support more than yourself."One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
-SoutheastBeast1
-
02-04-2021, 10:09 PM #24
-
-
02-04-2021, 10:14 PM #25
-
02-04-2021, 10:18 PM #26
Exchange it for USDC, invest it in Blockfi and collect $80,0000 interest per year and you could retire today
A young bull and an old bull were standing atop a hill looking at a bunch of heifers in a field below.
The young bull says "Let's run down this hill and fuk one of those heifers."
The old bull replies "No. Let's walk down there, and fuk them all."
-
02-04-2021, 10:20 PM #27
-
02-04-2021, 10:26 PM #28
- Join Date: Apr 2012
- Location: Alberta, Canada
- Age: 39
- Posts: 26,174
- Rep Power: 235277
I'd leverage a chunk of it to buy real estate but would still be doing mortgages, interest rates are too low to be buying stuff outright
Then I'd probably buy more of my current dividend stonks and hold onto them for the next 20 years, max out the tax-sheltered accounts and then do the rest in non-registered accounts
-
-
02-04-2021, 10:28 PM #29
I'd probably buy as many single family homes as I could. With 20% down on each. 30 year mortgages. Then rent them out. Right now interest rates are about 2.5%. Homes appreciate on average 3% per year. Rent goes up 3% per year. My math might be a bit off but If I'm thinking correctly that 1 million should get you into about 5 million dollars worth of real estate. Its pretty common to make around 8% in real estate. So 400K per year. Lets be conservative and say half of that. 200k per year.... Not too shabby.
-
02-04-2021, 11:15 PM #30
Bookmarks