What would you do with a million dollars?

What would you actually do? What kind of business would you launch?
Where would you put your money?
How do you turn one million into two?
They say the first step is the hardest. So, what comes next?
I want to hear your best ideas and proposals.

If you don't know the first thing about finance, you could just hand some cash over to a broker to manage for you—they’ll take a cut of the profits, obviously.
As for the rest? Depends on what you're actually aiming for.
Btw, is this a hypothetical thing, or do you seriously not know what you'd do with a million bucks?

Right now, it makes sense to park your cash in a fund. We’re seeing returns around 20-30% annually. When do you think that growth will taper off? Once it does, it'll be time to shift over to something more conservative, maybe looking at a steady 6% return. Anything else feels too risky right now.

In the meantime, you could always spend the interest as it comes in—if that's your style—and just wait for the perfect moment to put your capital into something you actually believe in.

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I have zero interest in mutual funds. Unless I had a better alternative, I’d just pass. Stocks seem interesting, though my experience there is limited. Still, I am interested. However, this idea of paying a broker a cut of my earnings to manage my stocks feels exactly like dumping money into a fund. It's the same thing, isn't it?
I was looking for suggestions more along the lines of buying up specific countries... or buying local real estate...
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I guess you should probably spread your money across several different baskets. And personally, I feel like one of those baskets really ought to be set aside as a dedicated fund.

abe said:I'm not really feeling the mutual funds thing... honestly, if I don't have a better plan, it’s just money down the drain. Stocks seem interesting, but I'm pretty green when it comes to them. Still, I'm interested. But this idea of paying a broker a cut of my gains just to manage stocks feels exactly like putting it in a fund, doesn't it?
I was looking for more of a suggestion along the lines of "buy land in this area" or "grab some local property here"...
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Want to get into real estate? Look for land or apartments where prices haven't spiked yet—think Sioux Falls, the outskirts of Washington, D.C., Laramie, or some quieter islands off the coast.

Thinking about buying a cafe and playing "business owner"? I can't help you there. That kind of work isn't for me; never even considered it. Everyone should just do what they love and what they know.

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justapixel said:If you want to get into real estate, buy land or apartments where prices haven't spiked yet—look at Sisk, the outskirts of Washington, D.C., Montana, or some lesser-known islands off the coast.

If you want to buy a coffee shop and play "small business owner," I can't help you. That line of work repels me; I've never even considered it. People should stick to what they actually know and enjoy.

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Land in Sisk isn't going up for another 20 years, if ever. It's the same story in Montana. I'd rather put my money into mutual funds. As for those coastal islands, they became overpriced a long time ago.
I have zero interest in running a cafe.

Christian Lee6 said:Land around Sisk isn't going up anytime soon—maybe not for another 20 years, maybe even longer...

Look, land in Sisk hasn't spiked, but apartment prices have jumped 40% because people from Washington, D.C. are buying them up like crazy. You can't find anything in Sisk anymore... everything sells the second it hits the market...
My advice? Stick to real estate. I still don't trust US mutual funds... and Montana? No way. But that area near Fužin is basically paradise right now. It's about 20 minutes from Platko and the coast... maybe 30 mins to Mount Rainier....
Buy some land and cut a deal with a developer to build some vacation rentals....

Prices are gonna climb up in the Rocky Mountains, but honestly? Not nearly as much as they will in the Appalachian Mountains. That area is basically a gold mine right now... you know, people are snapping up those old houses for peanuts and flipping them to super wealthy buyers for a massive profit. But, if I really had to pick—assuming you actually want to sink money into real estate, which I guess is the safest bet anyway—I’d probably go with Savannah. Demand there is gonna absolutely explode in a few years. A Foundation could be a decent move too, though I wouldn't touch any local ones. Maybe $0.00 is a pretty solid amount to toss into some aggressive fund over in the USA

Man, I’m such a dummy 😵 gotta go back and re-read all those previous posts again, damn

I'm interested... give me more details if you can.
What kind of country are we talking about here?

Jack Hill6 said:Do you want to turn a $20,000 investment into a $5,000 profit quickly?
It's a guaranteed deal involving a single piece of real estate.

abe said:what kind of business would you start?
where would you put your money?
how do you turn one million into two?
they say the first step is the hardest... so what's next?
I want to hear your best suggestions and ideas.

What annual percentage return would actually satisfy you—especially if you could secure your investment against real estate, essentially getting a guarantee on your principal plus a fixed yearly yield?

You host these monthly ragers only to blow the entire budget on drugs and chasing women.😁

Real estate is hands down the smartest play you can make—and I’m sure everyone else on this board has already hammered that home, though I’m far too lazy to scroll through all the comments.
The strategy is simple: find a total wreck of a house, gut it, renovate it, and then either rent it out until you’ve recouped your initial capital or just flip it immediately to move onto the next one. You could do the same thing with apartments, or better yet, take a single large property and convert it into multiple units to rent out to college students. For instance, if you have a house in a prime location and manage to squeeze four separate two-bedroom units out of it, you could be looking at pulling in something like $4,800 a month.
A friend's father actually built his entire life on this exact model—ten years ago he was starting from nothing, and now he’s sitting on three houses ready to sell.

abe said:what would you guys actually do? what kind of business would you start?
where would you put the money?
how do you turn a million into two?
they say the first one is the hardest... so what's next?
let me hear your best ideas/suggestions.

I’d just buy a webcam, launch a website, and let some guy spend three months chasing his own tail on camera. People love that garbage. Honestly, he'd probably make more than the million bucks I wasted on that scammer. 🙏 🙏 🙏

🙂

I'd buy so much ice cream...

If someone walks up to me with a hundred grand and hasn't a clue what they want, well, may God help them.

If you’re pulling in more than $75k a year $0.00, owning a home, and driving something newer than a 2009 model, why would you blow all that cash on lifestyle creep? Buying a flashy new car or fancy furniture right away just isn't smart. Wouldn't it be better to invest in real estate first, stack your savings, and then—once you've actually built some serious wealth—go out and grab that new ride or designer couch?

I’d probably put $500,000 into index funds, maybe $400,000 into individual stocks, and use the remaining $100,000 to actually enjoy life—traveling, maybe adopting some rescues, you name it... Once I’d built up a decent cushion from those initial investments, I might open a small boutique, but strictly using the profits. That core $900,000 would stay untouched, unless absolutely necessary.

abe said:what would you actually do? what kind of business would you start?
where would you put the money?
how do you turn one million into two?
they say the first million is the hardest... so what's next?
give me your best ideas/proposals.

hmm. honestly? I’d drop about $500k on building a custom prefab house in a classic style. I wouldn't just live there, though—I’d set up some rental units and a little farm-to-table restaurant, kind of like an upscale rural retreat.
I'd also build out a garage, maybe a high-end auto repair shop.
The property would be surrounded by a healthy organic farm and maybe some goats for milk and cheese.
(I already own the land).
I’d dump another $200k into various index funds.
Set aside $100k for the kids and family.
Take $100k to refresh my wardrobe and travel a bit.
And the last $100k? Straight into a charitable foundation.