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Al-Israil?
Sold my dipshit company for $5m, where to invest?
21–30 of 66 posts
Re: Sold my dipshit company for $5m, where to invest?
#22How old are you? Are you married? Have Children?
I would suggest moving to New Zealand. They are looking for new citizens. You can buy a big ranch for nothing and live in paradise for the rest of your days.
Or, if you have young children, you could move to northern Europe- Sweden or Finland. Your children are very likely to receive quality healthcare and education.
Or, if you really have to stay in the U.S., I would invest a fraction of your nest egg in ammunition. Really. This stuff lasts forever and only goes up in value. Gold is almost useless to me.
Or, you could buy the abandoned house next door to me in St. Louis, MO. In the past it housed a hoarder and a grandmother of drug dealers. It has gone many weeks without a door and has been empty now for months. If you buy this house, I cannot promise to feed you for the rest of your life, but if you still live in America, are honestly trying to feed yourself, and are unable too- I will help you find something to eat.
Let me know.
Re: Sold my dipshit company for $5m, where to invest?
#23I strongly recommend "Unconventional Success" by David Swensen ( http://www.amazon.com/Unconventional-Success-Fundamental-App... ). The book reads a lot like a text book, but everything he sais just seems to make sense. The man is CIO at Yale university. SO he should know what he is talking about.
> The man is CIO at Yale university. SO he should know what he is talking about.
Yale's endowment lost 30% in 2009 http://www.nytimes.com/2009/09/11/business/11harvard.html .
Heck - even the stuff that I barely pay attention to did better than that.
How many of you lost 30% on the investments that you manage?
Re: Sold my dipshit company for $5m, where to invest?
#24[deleted]
Re: Sold my dipshit company for $5m, where to invest?
#25Last time, I check real estate is about location, location, location. Every place has its own demographics and its own legislations. I dun know any books/sites can teach you all that.
I am familiar with how the real estate operating in Singapore, but across Malaysia & Indonesia, it's a very different case. The same is with you. You have to be there to know how people does business there.
Across the board, one thing I find some similar is that money move when investing in property quite a lot. Investors tends to seek out undervalued properties, buy in.... rent it out.... hold for a few years and sell.
Example... A few years ago, properties are hot in China, Hong Kong, etc.. Government come in... and it is no more.. Now it's going back Europe and USA again.
Take time to understand the location, why does the property make sense. Who does it make sense to? Financially how will it make sense for you in the next 3-5 years timeframe.
Re: Sold my dipshit company for $5m, where to invest?
#26Re: Sold my dipshit company for $5m, where to invest?
#27How old are you? Are you married? Have Children? I would suggest moving to New Zealand. They are looking for new citizens. You can buy a big ranch for nothing and live in paradise for the rest of your days. Or, if you have young children, you could move to northern Europe- Sweden or Finland. Your children are very likely to receive quality healthcare and education. Or, if you really have to stay in the U.S., I would…
Same advice excepting location--- I'd suggest Ireland instead, hide out until the world stabilizes (if it ever does).
Re: Sold my dipshit company for $5m, where to invest?
#28How old are you? Are you married? Have Children? I would suggest moving to New Zealand. They are looking for new citizens. You can buy a big ranch for nothing and live in paradise for the rest of your days. Or, if you have young children, you could move to northern Europe- Sweden or Finland. Your children are very likely to receive quality healthcare and education. Or, if you really have to stay in the U.S., I would…
> a fraction of your nest egg in ammunition. Really. This stuff lasts forever and only goes up in value.
It lasts a long time if kept air conditioned in a climate controlled area. It doesn't last as long in humid regions or warm/highly temperature variant regions. This goes double for types of ammo that are not as tightly formed in their casing.
Also, is there a good secondary market? Seems like something that would be hard/liable to cause criminal prosecution for selling, if you accidentally sold to the wrong dude.
Re: Sold my dipshit company for $5m, where to invest?
#29If you're looking for longterm investments that are active, franchise businesses (7-Elevens, Dunkin Donuts, etc) are remarkably stable. Magic Johnson is a huge investor in these for this reason (and has a line of theaters) Generally speaking, diversification is very very important. Even though bonds, stocks, or other items might be doing poorly at the moment, diversification protects against a precipitous loss. So ge…
Thanks for your help, I have considered buying a franchise but as you may know:
1. Good locations are taken
2. Priority generally given to current owners
3. It is a business I would have to overlook on a consistent basis (However a hotel investment I think would be okay in this sense, but again, good Hotel franchises are way more expensive plus again good locations are taken, and I do not want to work in the Boonies)
Re: Sold my dipshit company for $5m, where to invest?
#30How old are you? Are you married? Have Children? I would suggest moving to New Zealand. They are looking for new citizens. You can buy a big ranch for nothing and live in paradise for the rest of your days. Or, if you have young children, you could move to northern Europe- Sweden or Finland. Your children are very likely to receive quality healthcare and education. Or, if you really have to stay in the U.S., I would…
Same advice excepting location--- I'd suggest Ireland instead, hide out until the world stabilizes (if it ever does).
Isn't Ireland experiencing total economic collapse at the moment?