I inherited 1 million dollars

My Dad passed away a month ago, I have inherited a million dollars and I am unsure of what to do with it. If you could suggest anything I would be happy to hear!

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Wait for the crash and buy blue chip stocks

All in link

Crash already happened, did you not see some stocks are down 30-50%? Amazon was $2000+ and got as low as $1400. Buying then would've net you a 10% gain already

Post more Anime girls with fat stacks of cash.

vanguard high dividend fund

I will check all of these out and do some research.
Best blue chip stocks in your opinion and why?

Are ye havin a laugh m8? Biscuits, those are.

Well this is an obvious larp. But lets pretend its real

Buy a modestly priced house in good condition, paid off in full.
Buy a new car with no miles at a modest price, paid off in full.
Take the rest and invest in whatever crypto coins you believe in and hold them until moon. Don't quit working.

Use at least a few thousand of it to buy gold, silver, and a dog.

When Amazon was $2000, it was already overpriced by about a thousand for the service they provide. We're not even crashing yet, merely shaving the last two years of retarded permabull mentality. Crash is Amazon back at $500

I have a crypto based real estate investment platform based in West Palm. Always taking dudes money, if interested

>buying crypto
no thank you, I am not justing myself over retarded commodities that have no intrinsic value.

forget individual stocks, buy vanguard mutual funds and leave it alone, with $1MM you will have a vanguard personal advisor

this is the easiest and least headache way to make money

I don't know user, I've heard tons of shit from mutual funds and it sounds awful having some faggot take a portion of your money every trade he makes.

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don't buy a new car. buy a slightly used Toyota with like 10k miles on it, that shit will last to 300,000+

buy property or a house. put the rest into investment properties.

Fidelity Contrafund

kill yourself

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This plan sounds based as fuck! Will definitely consider buying real estate very highly!

THAT'S 3 THOUSAND DOLLARS A YEAR! mutual fund are fucking crazy man.

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idk if OP wants to become a slum lord or flip homes. Remember that thats what the vegas guy did.

I'd buy stocks now and forget about them for ten years.

Honestly, I just want to get so much passive income that I can live off it and support a future family with it.

Meh, you're forgetting what they plan on doing in the future. Media, cloud, logistics, groceries, home automation, they will have a piece of every business at some point.

That being said, there are also blue chip dividend stocks to consider with $1,000,000. OP don't listen to the normies peddling Vanguard, own businesses yourself. PG/KO/JPM/AAPL etc.

Buy Jow Forums and turn it off.

Thank you, brother!

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buy some basedbeans

Buy 500,000 Powerball tickets next time it's over 1 billion.

that is good if they're making you 15% 20% on your money per year compounding. Do zoomies understand compounding? That means principle keeps growing, no crash

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>working
user I ...

I'll be your friend for 10% + fees + tip.

All. In. LINK. UNIRONICALLY THIS

Estate tax?

be patient until there is blood

Pay off all debts
Get some passive income going
And keep doing that until retirement (you can decide when to retire)

Also keep working for at least another year until you are fully supported by the income of your passive income. The more money you have for investments the better

Forgot to mention not to tell anyone in real life as word will spread and every relative and "friend" will crawl back and try to attach themselves until you are dry

If you don't know what the hell you're doing, and it sounds like you know very little about managing money, the best thing to do is to put your money into a Permanent Portfolio (see the books by Harry Browne). The current environment is particularly good for a Permanent Portfolio because massive bubble blowing by the central banks of the world, which makes it easier than typical, historically, to get blown out. Put 25% of your money in diversified equities (Vanguard's VT should do the trick), 25% in cash (you can get over 2% per year in a savings account and about 2.6% for a one-year CD), 25% in U.S. Treasury bonds (I would recommend a 10-year duration), and 25% in hard assets, which can be real estate or *gasp* gold. If you're uncomfortable buying gold or investing in real estate (investing in RE is much more difficult than most people think), buy a reasonable house for yourself to live in.

Contrary to what some people say here, investing in Vanguard's funds is a good, inexpensive way to get exposure to equities. The fees are typically less than 20 basis points. Also, picking individual stocks is something that very few people, including the professionals, are capable of doing successfully. If you insist on buying individual company stocks, limit yourself to 5% of your net worth and keep the rest of the exposure through index funds until you feel experienced enough to take the risk of managing a portfolio.

If you want the least hassle, just buy mutual funds that give 10% return, sure the fees are high but if you compound the money you get per month you'll make some serious money.

You'll be making $8-10K monthly, and initially you will generate an extra $100 every month to compound. It will only keep going from there.

Name me any job out there that gives an extra $1000 in salary raise per year. Not even lawyers get that amount of raise.

You can give me $1000 so I can pay my rent next month.

most underrated bit of advice here. also if you become famous people start to blackmail you which is part of why celebrities are paid so much - to fight off indecency

cash is king in depression, sit on it!
this sounds goo, i would also pick up a few bitcoins sub $2k

Take some of it and but at least 10-12 Bitcoins for any price under $4,000

This is the only advice you should consider, leave it in a vanguard fund your whole life, withdraw a safe amount like 3% to supplement your income, you'll be laughing

The smartest option is to buy a net leased commercial property. You can get single tenant buildings leased to good companies with an escalating long term lease in place that cash flows over 6% from day one and grows every year. Zero or very limited landlord responsibility. Underlying real estate appreciation. Building depreciation tax write offs. This is how rich people build wealth. I do this for a living btw, hit me up with an email if you want to see some actual deals.

awful advice. 2% loses to inflation, VT is barely going to grow, treasuries are "OK", and gold sucks. OP ignore the Vanguard crowd, fees eat at your bottom line

this

>OP ignore the Vanguard crowd, fees eat at your bottom line

What do you recommend? Theres fees in everything you do anyways.

I'll give more advice, find a broker with $0 trades like Merrill Edge from Bank of America, or You Invest by JPMorgan Chase. Both give you $0 trades so I'd split the money between those two. You can bank with them too. Then buy your blue chips, some bond funds as an emergency fund, and don't reinvest the bond fund distributions, instead use them for new equity purchases. Congrats, very little to no fees to manage your money. Giving 0.30 to Vanguard on top of expense ratios, that's foolish.

See my latest post on what I'd do. I have 0 fees with my method of using no commission brokers to buy great companies. Stop giving your money away to vanguard, fidelity or who ever and think for yourself. Stop being a normie.

there is not gonna be inflation for the foreseeable future. 2008 will say hello again. until the money press starts cash is king.

Goodfriend.io Pre Sale

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Look OP, the economy is about to be completely obliterated, for all of Western societies. Buy at least $50K worth of physical Gold and Silver. If you don't have a shit load of guns, ammo, and emergency supplies, now is the time to get those things. If you want to invest, you wanna look to the countries America borrows from. You wanna invest in Singapore, Hong Kong, even China.

Wait for LTC to drop back a little bit as it's on a small high right now, then buy some. Loads of stuff happening in 2019 that will drive up the price hard.

Stock market crash hasn't even begun, this was just a minor correction.

60% VTSAX
10% bonds
10% gold/silver
15% BTC/ETH/XMR
5% LINK

Yeah, put your money in this Madoff sounding bullshit and you'll surely be safe in the next financial crash

>25% in U.S. Treasury bonds

Stopped reading there, you are terrible at this

s&p 500. live off of the interest.

What kind of returns should I expect with that? 5%?

FOTA

> working product (exchange + derivatives)
> 5 mil market cap
> dividend paying token not the utility coin meme
> good team

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This

>pick up a few bitcoins
This

And this

If you time it well enough you could have enough wealth for at least 3 generations without wage slaving

>getting $1MM through probate in less than a year
LARPing works when you're dealing with retards. That's why it works so well on Jow Forums

First of all, nice larping

Second of all, this is the only guy you should listen to. If you actually do enough research you'll realize it

There's no way your father could have any sort of financial success if he raised you to be an anime-posting faggot with hundreds of anime girls saved on his computer. Keep dreaming you fucking fruit.

invest 25% in gold and silver for the coming crash

Saving money is not hard at all, retard.
My country hasn't had inheritance tax or any thing like it since 2014, don't know what you are on about.

It is your word against John C. Bogle but ok

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There will be an upcoming recession , and having BTC is the best investment.
Save 100k to pay debts and problems.
Save 20-50k for needs etc.
Save 50k for wants.
Spend 800k on BTC.
Wait til next bull run and sell.
Also send me some Bitcoins :) I just want 1.
Also watch out for friends and family. They may try to drain you. Tell them if they ask for money , that all your money is tied in investments and leave it at that.
>Enjoy your new riches and good life.

>invest in chink controlled countries
Oh my. Why not just invest in Africa?

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You're an embarrassment to your real father, larping faggot. Imagine raising a son who posts anime girls and pretends he's rich to feel good about himself on an image board from 2003, I bet you even have a tripcode too.

are we projecting, user?

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Buy Beam and LINK

Took you an hour to think of that?

I am CONVINCED that you are the person going around and writing mean things to people for posting literally anything. Like here > Your way of writing and mannerism is unmistakable, it is you! You cannot deny it.
It is so painfully obvious that all of these posts are nothing more than projecting in epic proportions. Sad!

Further more, it would also be funny if you turned out to be the literal 40 year old boomer that complained about "running out of time". but I am not certain of that yet.

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Mobius sirs

>buy a house at the top of the market
>buy a new car, one of the single worst investements you could possibly make

Stay away from crypto. Go with a big fund, and live it up.

buy 1 million in AAPL puts

let me borrow $1000, my car failed the smog test and now im stuck

what are you on about?

is it true that 1m can generate 8-10k monthly this easily? I will be inheriting over 0.5m when my father passes and I could easily live on 3-4k a month.

It's true. I dropped $100,000 into LBS split share corp and pull $1900 per month passive and untaxed in my tfsa. DFN is another alternative, and has the same payout but a track record of not missing a single month in 15 years.

I'd put half into some type of mutual fund, and then the other half into a split share corp. for just a few months to get cashflow up.

You're a fucking idiot.
A mutual fund is different from an index fund, and index funds are the best and most proven was to invest money.
Vanguard is the best company for low cost index funds and it's not particularly close.
You should either go all vanguard, or vanguard plus a rental property.
Then get a job and do the Boomer thing with the knowledge that you not only have 'fuck you're money, but also the Zen that comes with being able to retire at 40 (depending on your age how old are you?)
Don't come to biz with this kind of entry-level investment advice. There's a billion articles answering this question, though they mostly tell you 'buy vanguard funds'

Normie advice. Why are you telling someone to give 0.03 away to fees? Why not buy 100 companies for $10k each and live off dividends forever?

real estate investing!

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>not buying TRUE
>Shorting Okex
No wonder you're poor

Nice just got 12k

If okex wasn't such a shit hole with kyc id join you but fuck it

Being that you don't seem to understand the purpose of the Permanent Porftolio, you cannot understand why such a large cash position is necessary. Based on historical data going back about 100 years, there is absolutely no doubt that U.S. equities are extremely high-priced. 2% interest sucks and, relative to CPI, is probably either a 0% real rate or maybe even slightly negative. However, how does getting a 0% real return sound compared to a -50% (negative fifty percent) real return? That's essentially where we are with the leveraged balance sheets of corporate America and sky-high P/E ratios. See the CAPE published by Shiller to see where we are relative to what stocks were priced at in the early 1990s (sane), 1929 (insane), 1999 (insane), and 2007 (high). You can also read what Hussman's own metrics show where stock prices are.

As for VT, I purposely recommended it because it is a fund that holds stock of all countries and eliminates the need for stock picking, either by company, sector, country, or economy (developed versus emerging). Unless the *world* falls off a cliff, you'll get diversification which will somewhat protect your purchasing power.

Literally Google "Korean id" and use any picture the kyc is a joke mate.

stop spreading this OP, you're going to ruin a good opportunity by reposting this on Jow Forums, everyone should sage this thread

No offense but are you special? Just use Google images bruh