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Forum » I inherited 8 million from my grandfather, what should I do with it?
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Thread: I inherited 8 million from my grandfather, what should I do with it?

post 1697461153 02-05-2024, 03:23 PM
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  1. BigGuyTruth
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I inherited 8 million from my grandfather, what should I do with it?

I was thinking about investing in crypto. Looks like dogecoin is about to bump up for the next bull run.
post 1697461163 02-05-2024, 03:24 PM
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  1. tendies
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Let he hold $5k
post 1697461253 02-05-2024, 03:25 PM
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Originally Posted By timplz1488⏩
this happened
It did, srs. He owned an engineering firm.
post 1697461293 02-05-2024, 03:26 PM
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Damn boyo you went from a $200k to $8 million net worth in a single day.

GJDM.
post 1697461343 02-05-2024, 03:27 PM
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  1. ClivesTriceps
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Give it to me, I'll make sure it gets invested so your family's future is taken care of
Wort ew in th wold.
post 1697461383 02-05-2024, 03:27 PM
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#6
  1. BigGuyTruth
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Originally Posted By GuineaDago585⏩
Damn boyo you went from a $200k to $8 million net worth in a single day.

GJDM.
Yep, my penis also grew 8 inches.
post 1697461423 02-05-2024, 03:28 PM
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#7
  1. BigGuyTruth
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Originally Posted By ClivesTriceps⏩
Give it to me, I'll make sure it gets invested so your family's future is taken care of
Send me your paypal man, I could really use some money management.
post 1697461513 02-05-2024, 03:30 PM
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#8
  1. tripod29
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Worst troll job ever
post 1697461533 02-05-2024, 03:31 PM
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Originally Posted By tripod29⏩
Worst troll job ever
I believe him, he used the srs tag
Edit Signature
post 1697461643 02-05-2024, 03:33 PM
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#10
  1. BigGuyTruth
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Originally Posted By Friendster⏩
I believe him, he used the srs tag
Exactly. Simple as.
post 1697461663 02-05-2024, 03:34 PM
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#11
  1. 8pieces
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give me a million
post 1697461733 02-05-2024, 03:36 PM
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#12
  1. BigGuyTruth
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Originally Posted By 8pieces⏩
give me a million
Well, I first need to know what you'd do with it. Charity? A good cause? I hope there's some good intentions in there 8pieces
post 1697461813 02-05-2024, 03:38 PM
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#13
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Originally Posted By BigGuyTruth⏩
I was thinking about investing in crypto. Looks like dogecoin is about to bump up for the next bull run.
Spend a few hours educating yourself about low cost index investing. Put most of it in there. You can safely withdraw approx 250K/yr in perpetuity.

Forget about crypto unless it's say 1-2% in BTC. Srs.
post 1697461853 02-05-2024, 03:40 PM
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#14
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Theres gotta be some kind of crash coming up soon if you look at the max charts, maybe similar to the mar.'20 one, and it seems like HBAR/LINK/CSPR are good long term picks as of now
post 1697461933 02-05-2024, 03:42 PM
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first send me 500k, then invest the rest, then go fuk urself
Send me money for my kids or I will neg you
post 1697462003 02-05-2024, 03:43 PM
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Originally Posted By BigGuyTruth⏩
Exactly. Simple as.
BS.

Give me 100,000....I'll guarantee at least 8% return annually. Anything over 8% I keep. Deal?
post 1697462023 02-05-2024, 03:44 PM
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#17
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Strong username
post 1697462293 02-05-2024, 03:53 PM
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Originally Posted By Redundanteater⏩
Spend a few hours educating yourself about low cost index investing. Put most of it in there. You can safely withdraw approx 250K/yr in perpetuity.

Forget about crypto unless it's say 1-2% in BTC. Srs.
What? Fuk no. Money should go into something like a tbill etf for now.

Jesus there's no point in any sort of risk exposure with that kind of money.
post 1697462333 02-05-2024, 03:53 PM
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#19
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Originally Posted By BigGuyTruth⏩
Well, I first need to know what you'd do with it. Charity? A good cause? I hope there's some good intentions in there 8pieces
pay off my crippling debt
post 1697462513 02-05-2024, 03:58 PM
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This happened
post 1697462833 02-05-2024, 04:07 PM
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#21
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Originally Posted By lnvictus⏩
Overseas luxury real estate.
Find places that are underdeveloped but with potential, build condos/houses, sell for profit to other rich people.

At least that's what I'd do. Coastal town in Italy? Build a nice house and sell it to rich people or rent it out to them (rich only). Amalfi coast hotels make throusands/month doing this...
^ Don't ever take financial advice from Canadians living in Ontario.
post 1697462853 02-05-2024, 04:07 PM
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#22
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Can i borrow $30k for jaw surgery to fix an open bite please?
post 1697462933 02-05-2024, 04:10 PM
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Invest it as your wise GF did..
post 1697463483 02-05-2024, 04:23 PM
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#24
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Originally Posted By BigGuyTruth⏩
Exactly. Simple as.
that being said if you loan me 50k to help me start my young life out, you can expect a 10x return when i hit it big
Edit Signature
post 1697463693 02-05-2024, 04:27 PM
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#25
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Originally Posted By saltypits⏩
What? Fuk no. Money should go into something like a tbill etf for now.

Jesus there's no point in any sort of risk exposure with that kind of money.
History and math say lump sum buy and hold is the best approach. I'm assuming OP is young and has time on his side. If the story is true (unlikely) and he is patient and disciplined (even less likely) he could turn this into generational wealth. On the other hand, inflation will ravage even a large amount of cash over a long enough timeframe. You need risk exposure.

If he's really nervous, could DCA over a year or two, no big deal.

Can also keep 2-3 years expenses in cash/HISA/bills.
post 1697463863 02-05-2024, 04:30 PM
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#26
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Originally Posted By Redundanteater⏩
History and math say lump sum buy and hold is the best approach. I'm assuming OP is young and has time on his side. If the story is true (unlikely) and he is patient and disciplined (even less likely) he could turn this into generational wealth. On the other hand, inflation will ravage even a large amount of cash over a long enough timeframe. You need risk exposure.

If he's really nervous, could DCA over a year or two, no big deal.

Can also keep 2-3 years expenses in cash/HISA/bills.
Repped for properly applying DCA.
post 1697464113 02-05-2024, 04:35 PM
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$8 million inheritance and your first place of advise is the misc?
post 1697464123 02-05-2024, 04:36 PM
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#28
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Not a financial advisor but I would probably Buy some property straight cash and fuk the interest nonsense and instantly diversify a chunk, if you need a home and want a house even better but could speculate on some land or buy a rental or whatever type of headache you were interested in (mo money mo problems)

Invest in physical goods that hold some value with another small small chunk
(Guns, ammo, metals, collectibles (be fukking discerning here and be interested in owning whatever it is)

Then some crypto/stock whatever the fuk

Then have a good chunk of it still sitting fukking fat where half could be worst cast retirable and half could be a future business opp.
post 1697464323 02-05-2024, 04:39 PM
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#29
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Could prob grab bb.com for 400k
post 1697464343 02-05-2024, 04:39 PM
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#30
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Originally Posted By Duckliver⏩
Not a financial advisor but I would probably Buy some property straight cash and fuk the interest nonsense and instantly diversify a chunk, if you need a home and want a house even better but could speculate on some land or buy a rental or whatever type of headache you were interested in (mo money mo problems)

Invest in physical goods that hold some value with another small small chunk
(Guns, ammo, metals, collectibles (be fukking discerning here and be interested in owning whatever it is)

Then some crypto/stock whatever the fuk

Then have a good chunk of it still sitting fukking fat where half could be worst cast retirable and half could be a future business opp.
beat me to it. put about $1million into some ETfs, then buy a couple of 3be/2ba houses cash in a rural area and rent them out.
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