$1m in 2000 is $10m today is $100m in 2040. Maybe dollars is the overrated thing?
Ask HN: What would you do with a million dollars today?
31–40 of 57 posts
Re: Ask HN: What would you do with a million dollars today?
#32If the goal is generally to invest, then be boring. Split it among several ETF's. If the goal is to support a project which will improve the world, I'd support existing projects to either make clean water more accessible or help the world's poorest people become more self-sufficient (eg, Heifer International).
Could go one layer further and use the 1MM assets as a base/collateral to write options against and generate cash flow from the principal. Say 20% on 4 etfs you like, & 20% cash, then wheel it out (write ~20delta calls+puts ~45 days out). rinse lather repeat. Naive take, written crudely, but feedback nonetheless.
Re: Ask HN: What would you do with a million dollars today?
#33Buy second and possibly third passport and establish solid residency and business presence offshore to widen my choices and freedoms.
Re: Ask HN: What would you do with a million dollars today?
#34Burn it: https://www.gqmiddleeast.com/features/how-the-klf-burned-a-m...
Mu Mu would approve.
Re: Ask HN: What would you do with a million dollars today?
#35"Two chicks at the same time."
But in all seriousness, I don't think $1mm is enough to move the needle in the grand scheme of things. I would save it for retirement, maybe buy a new car.
Re: Ask HN: What would you do with a million dollars today?
#36> what seems underrated but high impact in the future? Depends on who you ask, but I'm going with "wheat".
In other words, you want to separate the wheat from the chaff.
Re: Ask HN: What would you do with a million dollars today?
#37If the goal is generally to invest, then be boring. Split it among several ETF's. If the goal is to support a project which will improve the world, I'd support existing projects to either make clean water more accessible or help the world's poorest people become more self-sufficient (eg, Heifer International).
Since this is anonymous ... you know what, I have a million dollars. I'm going to keep some invested for the future, but it's far past time to give more of it away. I'm going to follow my own advice. Thank you for the hypothetical question. It reminds me that hoarding money isn't an end goal, but a means that enables other goals.
As someone who shares this opinion, its refreshing to see this shared online. Many onlinr opinions state that hoarding is an end goal. but I agree its far more rewarding to give back when you have more than enough
Re: Ask HN: What would you do with a million dollars today?
#38VTWAX and chill.
Re: Ask HN: What would you do with a million dollars today?
#39With that I could dedicate to work in a spiritual successor of the FoxPro family of products (https://tablam.org).
Is not as high-impact that save the earth, but I think is important to give real alternatives to the excess of "cloud-dependent" tech that exist. Local-first, truly personal, etc.
Re: Ask HN: What would you do with a million dollars today?
#40> What real problems are worth solving today with computers?
1 million dollars would solve one problem: buying myself a house. I can handle the transaction using a computer.