Just came into ~$800,000. How should I invest it so that I never have to wage slave again? Thinking about buying a franchise. Thoughts?
Just came into ~$800,000
A franchise could be a good idea although the better ones require around 2 mill and they want it all up front i.e. Mcdonalds. May want to invest in some dividend yielding stocks.
Don't think you'll be able to buy a franchise. There are many arbitrary requirements that you also have to meet rather than just being able to buy them. You have to have a certain net worth and sometimes have experience with previous businesses.
invest in a nice pair of knee pads ya fuckin retard
Read up on real estate investing.
Purchase properties at forclosure. Only purchase properties that you can rent at 2% of purchase price per month.
Should be able to get around 10 properties with 800k. $5-10k per month for the rest of your life.
why not just buy wmt stock?
Buy a McDonalds
Then you can have a job at a McDonalds
Buy Bars that sell ALCOHOL
ALCOHOL IS LEGAL DRUGS
Seriously, real estate is a smart move right now because millennials don't buy houses
Dude I'm struggling here... can you loan me $10k?
fuck man please I'll do anything
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I can triple that by the end of the year if you give me 20% of the profit.
i could retire on 800k assuming a 5% RoR.
are you planning to be particularly exorbitant?
People on this board are morons. Find a fee-only advisor from someone you trust and let them manage it. Depending on your age and spending habits it could last you forever or you could be broke in a few years. Either way I would recommend continuing working on your career. I know it seems like a ton of cash, but over a lifetime it really isn't.
You'll be wageslaving harder than you ever thought possible by buying a franchise. They will take a long time of very hands-on work to get running to the point that it is sustainable.
buy etc dip ;)
Move to a country with low cost of living and high interest rates.
It's sad when a Pajeet bests you at English, but it's 'extravagant', not 'exorbitant'.
You mean random, fuck face, arbitrary relates to unpredictable HUMAN emotion. Read a book, cunt.
Property is the best compromise between ease and return... provided you don't blow it on some plot of land in a swamp or desert. It's also the safest investment you can make in many countries.
However you don't want to tie it all up in real estate, maybe two thirds of it, keep a lot of it liquid. A combination of term-deposit savings, maybe bonds, and index funds.
The bonds and savings you can liquidate at any time, while the property and the index fund investments will be appreciating in value more or less until such a time as you need the cash.
A Franchise is a hell of a lot of work. I know you don't want to be a wage slave but consider the boredom of not having to work, I've met many guys in their 60's who go back to work part time just because they NEED something to do.
Golf isn't for everyone!