Share it with the first person who replied to such a question
I would retire.
I’d buy a moderately nice place in the city I want to libe in, provably 1mil absolute max, depending on property taxes. I would then invest the remainder, ensuring that with relatively stable investments I could live comfortably on the interest going forward, with the interest covering property tax and my expenses.
Move to China
after i pay for language lessons and start talking to real estate agents who know what the term “community bottoms” means. :p
I’m a developer and I love it, but hate the current state of the field. I would quit my job and start my own company. It would be a lot less scarry if I didn’t have to worry about making money. I could just make the things I wanted.
Exchange them with euro.
Immediately invest a million into China directly for Chinese citizenship, then 4 million via wealth management companies so I and my children can live off of dividends for the rest of time in China.
Even 1% dividend monthly on 4 mil is $40,000 a month.
Invest in one of the two startup projects im working on
And watch that 5 mil turn into 5k overnight 😎
5 Million? O.K. let’s roll.
60K for university education, should be plenty.
40K go to paying various bills for friends and family
100K for various charities
1.8M go to building a non-profit high tech eco commune in Argentina or a similarly climatically stable place with features inspired by FM 2030’s book Upwingers in regards to future living
300K go to anti-militarist causes
500K go to various vegan groups
200K go to building school projects in developing regions
1M are invested into a photovoltaic power station from which I will extract a $6000 rent p.a. max with the rest of the proceeds going to a fund for disabled people and disadvantaged youths
Last million:
100K for travels
100K for a communal homelab that provides hosting for FLOSS and anti-conservative politics
200K for hackspaces
250K for unions, they better have some conviction though
350K for cruelty free research on rare diseases
If the US had universal healthcare then I’d already retire. As is, $5m isn’t safe to retire with health issues/needs
$5m would afford a solid health insurance plan monthly premium that wouldn’t make that big a dent if your $5m is well invested.
Firstly pay tax. Then donate atleast 30% of remaining amount. Then put remaining amount in mutual funds which can generate better alpha and do work that I enjoy or like and retire when I feel like
Pay my mortgage and invest
Probably the first thing I would do is to exchange them for gold-backed currencies.
Start a vegan commune.
Nothing crazy. I wouldn’t try to invest it someway to get mo money, beyond an interest bearing savings account, because chances are good I’d lose it.
Pay off my house. Travel a bit--France, Spain, maybe SEA for the food and to experience something different. Buy a camper van and visit the old campgrounds in CA and OR my family had vacations at when I was a kid. Leave as much as I could to my son after that.
Set the kids up and then move to Uruguay
