So my partner is inheriting a lot of money in about a year (approximately $1 million). I am seriously looking for ideas from Jow Forums on how we could invest this to make it grow. We will be seeing financial planners, accountants and lawyers but I want to also collect hopefully unbiased ideas as lots of these people try to sell products on commission.
My thoughts are to accumulate high yield investment properties over a few years in stable areas with decent population growth. Also to invest some money in a vanguard etc fund and keep a chunk in cash.
I want this to help set us up for life and ensure we can send our kids through nice schools.
I hold about $5k in crypto, between us we have around $100k in cash and are working on buying our first property. We don't have any debt - we earn close to $200k a year between us.
What I personally would do OP, is put the money into some safe dividend yielding stock, and depending on your work appatite either work and keep reinvesting the dividends, or quit working completely and live of the dividends.
Henry Miller
>my partner is inheriting >how we could invest
hmmmmmmmmmm hbu kys
Blake Jackson
We are hetero, no homo here.
Sebastian Rivera
All-in Bazingacoin.
Luis Green
is that after inheritance tax? my dad had to pay ~£700k last year when his father died
Jaxon Garcia
A sensible option through business ownership would be to invest it in a NASDAQ or S&P 500 index fund.
If you go the path of stocks, avoid mutual funds. Also, avoid crypto since you listed stability as a goal (you want to use it on your kids)
Joshua Powell
Don't keep more than 6 months of expenses in cash. Invest the rest. I would try to spend no more than 30% in real estate. 20% in high dividend stocks (set up to just reinvest for now), 20% in Vanguard Index Funds (nothing actively managed), 15% in high yield bonds, 10% in precious metals, 5% in crypto.
Continue to work and invest your money in your company 401k and start a Roth IRA that you max out every year.
Robert Jones
Well it the first step is to sttart the hell away from financial planners. They're all thieves. Talk to Vanguard about stocks. Find someone who is already successful with rentals and ask for their help. Stay away from the vultures.
Jose Martin
Also don't be afraid to have a mortgage. The odds are good that traditional investments will out pace the interest you are paying on the mortgage (which is also tax deductible).
Justin Johnson
put the money you have now in crypto, you'll have a mill in one year anyway so nothing can go wrong, you can only allready be a millionair by the time you get that other million
You could "inherit" before the actual dead, so that your government taxes are lower
Nathan Robinson
not sure how it went down. he was left will over £2mil, a half million house that needed to be sold and a shit load of stocks/shares. so he's not that shaken by it
Samuel Sanchez
another episode of; hey guys pls spoonfeed the brainlet
Sorry if you can't figure out how to live off of 1MN for life you deserve to stay poor nigger
Elijah Torres
All in Link
Leo Robinson
sure, each of you are hetero, but the problem is you're both men, kek
Josiah Peterson
>believing the politically correct meme this much you have to go back
Gavin Sanchez
skip the financial planner. you will probably get one that is a sales person in disguise. one million is not that much in the grand scheme of things and you don't have any complicated assets. you're better off with investing in index funds and bonds. there's plenty of information on the internet that will help you way more than a financial planner. but it seems like you already know those things. accountant and lawyer are a good idea though.
Ayden Ramirez
Slowly phase it into investments every time the stock market sips. Financial advisers + DFMs can make it grow about 8% year on year but it can be heartwrenching watching it all go up and down, especially with fees.
Look for ways to dodge tax.
Landon White
>my partner
Stop it now, women's are to dumb for things like that
Cooper Wood
Property, property and moar property. >Rent out to stable businesses >Call repair guy to shit repaired when need be >Collect rent checks And then pursue literally whatever your heart. That's my plan at least
Gavin Murphy
>my partner Find a good lawyer if you're married because your partner, now rich, will 100% dump your stinky ass for a better one.
Aiden Lee
Put it 50/50 into dividend stocks and Reits, thats what I would do
Jack Wilson
This, in no time he/she will be sucking 6,6" tall basketball players big black veiny cock while snorting coke OR, fucking a petite high end 18 yo deluxe mimosa slut with giant plastic tits and asshole so tight she shits spaghetti.
Eli Morris
WtWtf
Julian Barnes
hint: dont ask on Jow Forums... stupid
Lucas Sullivan
Stick with your own idea, property is real, you'll get advice on stocks and the likes but if we see another market collapse which is surely due, you'll lose a shit ton, property won't bring the best returns but it'll be safe and sustainable
Gavin Campbell
he's going to leave you for someone younger and better looking. your only chance is if he hasn't heard any of this "we" shit yet. "we" aren't doing anything, capiche toots?
William Reed
Sell everything and take the million and use it all to buy Qash
