If you had a large sum of money in the bank what would you do with it?

Buy the dip!

Real estate, farmland, horses , cows, livestock, old school stuff.

Get some good cross country bikes. And a manual tire pump. When the gas runs out, you’re gonna need transportation.

First thing I would do is move.

In my scenerio it isn't enough to buy real estate or farmland. And what if you already have all of the livestock you can handle?

Buy DOGE!!!!!!

And if you live in the middle of no where, where do you plan on going?

where?

Durable goods, and then diversify.

What if you already live in the perfect area?

Too risky.

You need wheels if you ever have to get out of dodge fast...natural disaster, someone is after you, etc.

Always have a mountain bike with tough tires.

Then don't move :P

Or you could just relax and realize there is a 99% chance nothing happens in your lifetime.

I'd buy a mower, rake and a nice baler with accumulator. And turn it into more money..

Id payoff the house my children live in. Thats all i want. I could live in a tent, but as long as my little girl can keep her room and have her yard, man... thats priceless.

And if you have several kids?

Two chicks at the same time.

This is the kind of answers I'm looking for. Things like this. Not enough to pay off a house or buy land etc but enough to buy some kind of equipment. Buy something that can be used to replace the money or something that will hold its value.

Livestock always need fed and the people with livestock have money 99 % of the time. If you have land and want something less physical. There is always corn, beans, potatoes, etc.

Having a skid steer and a smaller excavator around with a dump trailer pays good also.

Depends on the sum. Some banks have safe investments that earn a certain %, and it’s a set guaranteed rate.

If you have enough, those safe investments could carry you in perpetuity, though you would need to shuffle money as the percent might change. Also, I’d limit each to the max that is protected, which in the Us, each account is guaranteed up to $250,000 per fdic bank.

So if you found a few banks with 5% guaranteed investment, well, that could be $5000 a year per 100,000 in the bank.

I personally don’t need more than 15,000 to live, annually, so something like this would work for me if I had that amount. The banks in America are quite good for that, at least.

Just be mindful of inflation, when planning that. It’s “safe”...

If you have a lot of free time, that definitely changes what I’d hypothesise. If you have good and fast internet, that even more so alters what I would hypothesise would be beneficial.

But also realise, risky investments carry massive risk.

If you inherited a million dollars, a five percent investment that you don’t touch for several years will turn out very nicely and can help offset a bit of the inflation..

If you are bored day to day, you could take up trading and manage a small % of those funds until you are comfortable with your trading strategy (while keeping the bulk in some semblance of an investment that is without or with minimal risk.)...

If you intend to stay and are located in the USA, there are certain highly sought after mutual funds that you might put a small amount of your inheritance into, such as 5-10%, that could build quite quickly, such as blue chip type...

I won’t get into specific funds, and I have no skin in the game. I left America, and cannot even buy those funds for myself, though could in theory set up a trust of such fund for a family member. Probably. I think.

I am not a financial advisor. I recommend if you are interested in doing your own trading and day trading to go through something educational first. There are certain websites I liked for learning how to trade, that are invaluable...from there it’s just a bit of experimentation.


Safest route is the highest %, of a guaranteed interest*, invested in chunks of <$250k, one chunk per fdic bank.

An aside, Unless you are incredibly risk tolerant and are okay with riding out the dips, never risk more than 3% in any individual high risk investment category.

Last Edited by InfiniTea on 05/16/2021 09:56 AM

Then get several bikes.

You can’t be that stupid.

Get everyone a bike a backpack.

You know what to do.

You think toddlers and small children can travel for miles on bicycles? You must not have kids.

Vanish. Go somewhere faaaaar away. No phone, no computer.
Gone.

Sitting in the bank till I find a decent house to spend it on.

I think it's too risky not to at this point really. The way the other Cryptos move up.. what do you think is going to happen when it lands on Coinbase? Or Elon really starts accepting it.

$ASS