Ask HN: What would you do with $1M? • Hacker News Board

Re: Ask HN: What would you do with $1M?

#11

Post by tocs3 » Thu, May 30, 2024, 4:02 PM UTC

coreyp_1 wrote: post #10

I would hire some students, mentor them, and we would build all of the open source projects that I want to build (that I'm already slowly working on/planning out on my own).

Things are constantly coming up in my life where I start thinking "The world really needs a ..."

One would be a computer vision assorted nuts and bolts sorter.

Re: Ask HN: What would you do with $1M?

#12

Post by world2vec » Thu, May 30, 2024, 4:16 PM UTC

Buy a house, the rest into "vanilla" ETFs.

Re: Ask HN: What would you do with $1M?

#13

Post by ldjkfkdsjnv » Thu, May 30, 2024, 4:44 PM UTC

100% into TQQQ

Throw away the login, come back in 15 years!

Re: Ask HN: What would you do with $1M?

#14

Post by desperatecuban » Thu, May 30, 2024, 4:51 PM UTC

Buy a house to get out of this crumbling building (15-30k).

Equip it with solar and a nice home office (maybe 10k tops).

Buy house nearby for parents.

Find struggling friends and help them.

Donate to some FOSS projects.

Re: Ask HN: What would you do with $1M?

#15

Post by pickle-wizard » Thu, May 30, 2024, 4:52 PM UTC

I’d invest it into a mutual fund and retire. My cost of living is pretty low so I could keep my withdrawal rate below the normal appreciation.

From there I would spend my days working out and working on open source projects.

Re: Ask HN: What would you do with $1M?

#16

Post by JohnFen » Thu, May 30, 2024, 5:12 PM UTC

I'd start my next software business today rather than in a couple of years.

Re: Ask HN: What would you do with $1M?

#17

Post by moralestapia » Thu, May 30, 2024, 5:14 PM UTC

desperatecuban wrote: post #14

Buy a house to get out of this crumbling building (15-30k). Equip it with solar and a nice home office (maybe 10k tops). Buy house nearby for parents. Find struggling friends and help them. Donate to some FOSS projects.

Where can you buy a house for 30k? :O

(I don't want to assume it from your username)

Re: Ask HN: What would you do with $1M?

#18

Post by afinlayson » Thu, May 30, 2024, 5:17 PM UTC

1M isn't the F-you money it was back when Barenaked Ladies wrote the song. I'm curious if anyone who had 1B would actually do something to better the world rather than private jets, drugs and other of the deadly sins...

Re: Ask HN: What would you do with $1M?

#19

Post by desperatecuban » Thu, May 30, 2024, 5:22 PM UTC

moralestapia wrote: post #17

desperatecuban wrote: post #14

Buy a house to get out of this crumbling building (15-30k). Equip it with solar and a nice home office (maybe 10k tops). Buy house nearby for parents. Find struggling friends and help them. Donate to some FOSS projects.

Where can you buy a house for 30k? :O (I don't want to assume it from your username)

Yeah, you can assume :)

Re: Ask HN: What would you do with $1M?

#20

Post by EcommerceFlow » Thu, May 30, 2024, 5:27 PM UTC

Stocks are the smart option, but I'd heavily consider a 5% Treasury for the $50,000/year guaranteed.