The Lounge
What would you do with a million dollars?
Submitted by BiggL, 19-12-2019, 12:02 PM, Thread ID: 152820
Thread Closed
RE: What would you do with a million dollars? 30-09-2020, 12:25 PM This post was last modified: 30-09-2020, 12:26 PM by TheRealJohnCandy #681 I'd put $50k in a ROTH IRA over the course of a decade. The another $50k in a competent mutual fund that I wouldn't touch until I'm 60. With compound interest, that should net another million. Then I'd buy a house for me and one for my mom, plus another duplex to rent out. I'd also buy a car for my mom and I, nothing to flashy. With the rest,I'd take a vacation to Italy and the Bahamas, build a hidden grow room for shrooms and a chem lab to make easy income each month. Build a top of the line gaming PC and VPS. Upgrade my home security, buy a few guns, then put $100k in a Mexican savings account. I only pick Mexico because they currently have the highest interest rate. At that point, I should have $50k left and I'll use that for various investments, opportunities, side hustles and day trading. Nothing too fancy...I'm kinda boring and thrifty but I'd be content.
30-09-2020, 12:25 PM
#681 This post was last modified: 30-09-2020, 12:26 PM by TheRealJohnCandy
I'd put $50k in a ROTH IRA over the course of a decade. The another $50k in a competent mutual fund that I wouldn't touch until I'm 60. With compound interest, that should net another million. Then I'd buy a house for me and one for my mom, plus another duplex to rent out. I'd also buy a car for my mom and I, nothing to flashy. With the rest,I'd take a vacation to Italy and the Bahamas, build a hidden grow room for shrooms and a chem lab to make easy income each month. Build a top of the line gaming PC and VPS. Upgrade my home security, buy a few guns, then put $100k in a Mexican savings account. I only pick Mexico because they currently have the highest interest rate. At that point, I should have $50k left and I'll use that for various investments, opportunities, side hustles and day trading. Nothing too fancy...I'm kinda boring and thrifty but I'd be content.