What to do with 30 Million?

[Razorguns]

la real estate.

the population is BOOMING (i wonder why) and people fight with blood to get land and properties.

Developers are stuck building nice home next to walmart and selling for $1 mill each.

tell him to start educating himself and start aligning himself with educated investors who do this every day. If he plays dumb - people will notice it - and play him like a violin.

In whcih case i suggest a nice expensive wealth manager and invest in some funds, securities. The proceeds of which, he can live off of comfortably every year.

And i hoie he gives u somethign for all this research you're doing for him.

 

[manny78]

Update;

Being the simple fucker that he is he has decided to give it all to UBS and let them manage it. Not what I would have done but oh well.

it's a right decision for te moment. It gives him time to learn more about potential ways to invest, market and get some education.

 

[02gixxersix]

30 millions ? I'd put 10 into real estate (which is growing at a stratospheric rate here), 10 millions into government/banks, bonds, 5 into some kind of hedge fund and 5 millions for myself. Your friend wouldnt be billionaire but safe for the rest of his life.

That's very close to what i would do. I'd give some to charity too though cause otherwise I would jsut feel guilty with all that free money. I'd probably put more like 5 million in government bonds just for security. Take 2 million and literally lock it in a safe in my house. Probably the same in real estate but not just as an investment, I would want vacation homes. I would spend 5 million and give 5 million to charity and with the other 3 I would play aound in the stock market. I would not however try to make a billion dollars in ten year because you are bound to fail, and would probably end up with nothing but a bunch of debt that you can no longer afford to pay.

 

[anabolic12]

Edit

 

[Sexy-boy]

I like this question. If it were me, i would get heavily in smart real estate tranactions and also sportsbetting. From there, you could grow that money like crazy. The ricker you are , the more easily it is to get more money.

He should also look at starting some kind of business with something he is really interesting in and knows about. If he's the construction type, look at building homes. He has the head start on all the compeition.

He should be reading, reading, and reading even more to gain more knowledge. He should also set something aisde though in a conservative mutual fund just in case something goes terribly wrong that way he'll never have to work again anyway.

 

[Creepusmaximus]

he made the right move with UBS. That's to much money to play with if you don't know what your doing.

 

[CaddysNJuice]

Tell him to invest 30 million into Merek or Phizer or Johnson and Johnson, become the CEO......and become a billionaire within a decade..... Comeon. Think stock investments. Most people cant afford to invest in the high priced, high potential stocks. But with 30 mil, find the right company, and you can take it over.

 

[bran987]

Tell him to invest 30 million into Merek or Phizer or Johnson and Johnson, become the CEO......and become a billionaire within a decade..... Comeon. Think stock investments. Most people cant afford to invest in the high priced, high potential stocks. But with 30 mil, find the right company, and you can take it over.

What in God's name are you talking about? $30 million wouldn't even buy one tenth of one percent of Johnson and Johnson. JNJ is a $175 BILLION dollar company. Pfizer is a $167 BILLION dollar company. This might be the worst post... ever?

 

[MAJNOON]

Damn! this thread still going? cool.
That idea about damaged new orleans real estate sounds pretty good, I may look into it for myself

 

[get456]

in order to become super-wealthy in a relatively short time.

sitting on 30 million ISNT super wealthy?

what circles are you running in?