Buy a plot of land with a nice view and construct one of those nifty passive houses. Also get my teeth and knees fixed, put together a nice home lab, and go travelling. Split the surplus between retirement savings and donating to causes I find worthy.
Set the kids up and then move to Uruguay
Own a house, then business as usual
I would buy a house, and go to university to study physics.
Put it all on red
I’d go to your table and put it all on black
You are either a degenerate gambler or already a billionaire \s
Share it with the first person who replied to such a question
I would retire.
I’d buy a moderately nice place in the city I want to libe in, provably 1mil absolute max, depending on property taxes. I would then invest the remainder, ensuring that with relatively stable investments I could live comfortably on the interest going forward, with the interest covering property tax and my expenses.
Yeah that would be me too. Where I live you can get a pretty nice place for $400k+, so let’s say $500k off the principal, so $4.5 million left over. If you can get, say, 5% interest on that then you’re getting $225k per year for doing absolutely nothing. Even if you can only get, say 2% interest, that’s still about $90k/year which is not extravagant but doable.
90k a year without a mortgage is like, 150k a year with a mortgage, so that’s very doable even for a decent lifestyle of traveling and hobbies. At that I would probably pick up something like bartending or something that doesn’t make much but would be interesting as a part time job. Slinging beer at a brewery could be a fun way to make some spare cash
i’d fund a militia to start guerrilla warfare against the bourgeoisie.
Start a vegan commune.
Probably the first thing I would do is to exchange them for gold-backed currencies.
Double it and pass it to the next
Nothing crazy. I wouldn’t try to invest it someway to get mo money, beyond an interest bearing savings account, because chances are good I’d lose it.
Pay off my house. Travel a bit--France, Spain, maybe SEA for the food and to experience something different. Buy a camper van and visit the old campgrounds in CA and OR my family had vacations at when I was a kid. Leave as much as I could to my son after that.
Disclaimer: Not an investment advisor and not your investment advisor
Nothing crazy. I wouldn’t try to invest it someway to get mo money, beyond an interest bearing savings account, because chances are good I’d lose it.
- https://investor.vanguard.com/investment-products/etfs/profile/bnd
- https://investor.vanguard.com/investment-products/etfs/profile/vt
The first one is a Vanguard US bond fund that pays around 4% to 5% annual dividend on a monthly basis, and the second one is a Vanguard Total World Stock Market fund (captures a piece of the entire world market). A savings account now is paying around 0.38%. So on $5mil if you put it all in BND it’d pay around $200k annually. In a savings account it’d pay $19k, and savings accounts are only insured up to $250k.
The bond fund is taxed as ordinary income, so you could sit down and decide if something like VTEB would be better than BND (lower yield but 0% federal income taxes). It really doesn’t take much to beat a savings account, and it doesn’t take long at all to start working around taxes.
Pay off the house, catch up on repairs, then sit on it because it’ll fuck my insurance and be gone paying for medical stuff in maybe ten years
Drop it in investments and work for another year. The extra year of work is so that I can get the investments to move to long term capital gains tax rates. With that sorted, I can now retire. Even a simple index fund often returns an average around 7%. So that’s ~$350,000/year. Pull $200,000 and leave $150,000 for growth. Exact numbers will fluctuate, but it will be close. I’m going to get taxed at something like 12.5%, or about $25,000 leaving me $175,000 to live on. This isn’t monthly vacations in Tahiti money, but it’s a pretty comfortable living, if I’m not stupid and wasteful. If I really want to stretch things out, I can always move to a lower cost of living country. Though that often carries personal risk with it, and I don’t know if I’d want that extra stress. Numbers would also change based on how that original $5mil got taxed. If it’s something like a lottery win, it would shave the numbers down a good bit by taxes.
Setup a business idea I’ve had since I was young. I don’t think it would work in the us so I’d try somewhere in Asia.
