Asklemmy
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- [email protected]: a community for finding communities
~Icon~ ~by~ ~@Double_[email protected]~
You give it specifically to me so I can fund the production of a fighting game or something
A fiduciary (not an accountant) will know what to do. Contact a fiduciary
Invest in my people (friends and family), especially the ones I care about. Not exactly a win win but it's basically a wash in the worst case and a super win in the best case.
If they succeed in their endeavours, I get partial ownership in it or it can be a loan (whatever they prefer) and if they run away with the money, it's a cheap price to pay for setting up someone I cared about with a better life and finding out they were not trustworthy.
Also, if spread around enough, there will be enough people who will be thankful to you for improving their lives that they'll be there for you for a lifetime.
This is all after you do the usual investments with some amount and also keep enough aside from any ideas you want to try to bring to fruition (you'll want to do something at least after all)
I'd buy a nice house somewhere a bit wild and in the middle of nowhere on the south coast of either England or Wales, something old with character and a big garden with a good pub nearby. I'd also buy a classic wooden sailing yacht and put enough funds aside to maintain her as well as kitting her out for serious passage-making. When I'd done that I'd figure out how much money I need to make work optional for the rest of my life and how much would keep my family comfortable in an emergency, as well as a small 'shit hits the fan' fund kept in something you don't need electricity to access like gold just in case. I'd then donate the rest to charity, the bulk to enviromentalist lobby groups and charities directly helping people (the RNLI comes to mind for example) but also to a few niche causes like keeping the ailing pirate radio ship Ross Revenge afloat and starting a breeding programme to save the highly endangered otterhound. I'd also like to have a few documentaries made, and I'd drop a few content creators I like some donations too.
Honestly all I really want to do is go sailing and not have to deal with the rat race, I don't want to live an oligarch's lifestyle and I definitely don't want the sort of attention and arseache that money would bring you. That money would be far more effectively used for good in the hands of others so I'd end up donating the majority of it, I suspect on the order of 80% of it at least.
Multiple banks, only storing what is federally insured by the FDIC in as high yield interest rate savings accounts as I can get.
Invest a decent chunk, find somewhere I can be away from things, set my dad up somewhere nice he can get the medical help he needs without worry.
After that, work on funding pro-womens rights and LGBT+ causes and platforms. Do what I can to help others in a position like mine, where there isn't really a "safe" place around to let the mask drop away.
I don't know, I'd probably just give 50 millions to charity and hire a professional to counsel me on what to do with the rest
100m $ !? Other than buying all things I and my family need, I may invest a in real estate that I could rent, and put the rest in the bank.
Can you invest with gold to guarantee it? If so then that.
Gold isn't guaranteed to outpace inflation. It usually does, but not always. Moreover, over periods of time, it's a poor investment compared to riskier assets such as stocks. Investing in the gold market (mining, etc) can be a little better, but nothing is guaranteed about gold. It's not difficult to beat gold as an investment.