151–160 of 531 posts
Isolation is a thing though so make sure to maintain contact with friends and try to work with others. Contribute to open source?
Unsurprisingly lots of people have been in similar situations, so there is a Wiki article on one of the Internet's best personal finance and investing websites: "Managing a windfall" https://www.bogleheads.org/wiki/Managing_a_windfall "Do nothing rash. Set aside one year's living expenses[note 2] and place the rest of the windfall into low risk investments (FDIC insured accounts, money market funds, treasury bills) f…
Yeah, because it takes a TEAM of people getting paid to figure out what to do with money. I could accept one financial advisor though I don't know how to select one, but a team sounds a bit like vultures ;-)
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This is getting very off topic, but.. Um... what would you actually spend 2 trillion a year on for four years on to implement a change in society? I mean sure, it's roughly the size of the oil market so theoretically you could buy all the oil in the world for 4 years and just not use it, thus forcing everyone on a massive pace to post-oil economy. But there's a huge hysteresis in how the society works, at such a mass…
8 trillion is nothing on the scale of the Earth, right? I don’t know if I could fix Sierra Leone with 8 trillion but I could try. I imagine setting up a new safe free land in Africa that can take advantage of all its natural resources and people so they can be successful. Replicate it to the rest of the continent. Maybe a moon base but that’s not cash-limited above a few hundred billion, I think. I might run out of r…
It may feel like infinite money, but can be burned through at terrifying speed. This happens to a lot of people who suddenly get money. My advice is do nothing with it, and start reading books about finance, investing, and money management. Then start gradually investing it as you learn the ropes. Hire a good CPA to help you with taxes. Buy liability insurance, because you're now a target for jackpot lawsuits. Don't…
> My advice is do nothing with it, and start reading books about finance, investing, and money management. I see where you are coming from, but if you step back for a second, this just sounds bizarre. OP now has more money than they need or ever have had, and instead of relaxing and finally caring about something other than money, you suggest they actually start caring more about money.
The only way you'd spend all this money is if you started doing crazy things like buying speed boats and other such nonsense.
Joke aside, you already got plenty of good advice here, I would just suggest you invest a fair amount in Bitcoin.
The last point goes for all of us earning more than enough to pay the bills.
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Can you elaborate on why you think he should not listen to a personal wealth manager (assuming that's the same as a financial advisor)?
https://www.reddit.com/r/AskReddit/comments/24vo34/whats_the... > You will be encouraged to hire an investment manager. Considerable pressure will be applied. Don't. > Investment managers charge fees, usually a percentage of assets. Consider this: If they charge 1% (which is low, I doubt you could find this deal, actually) they have to beat the market by 1% every year just to break even with a general market index fu…
Make a safe investment and go to work in a NGO which goals resonate with you. I'll get all the stability of a job, have social interactions with interesting people, and do good. Remember that now you have free will and you f c them all at any moment. A real superpower.
there are no safe "investments", everything is a speculation.
that said, yes one could try and keep it conservative.