• Mister Neon@lemmy.world
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    27 days ago

    I would buy a brick house on top of a forested hill. My nearest neighbor would be a 20-minute drive away.

    I would work on my magnum opus of tabletop rpg rules, which I would convert into a video game.

    I would commission art and fund the construction of shrines to the four tezcatlipocas.

    Fund owl habitat preservation.

  • BassTurd@lemmy.world
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    27 days ago

    Hire a fiduciary and pay off my debts, which I think currently is just my mortgage.

    I wouldn’t quit my job straight away. I like my team and I’m learning rapidly having them around.

    Travel more, and invest in my hobbies, picking up a couple others that currently are out of reach.

    The remaining 14.5 million would grow.

  • distal@lemmy.ml
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    26 days ago

    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

  • MNByChoice@midwest.social
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    27 days ago

    Use the “4% Rule”, this would be an inflation adjusted $200K per year every year (more or less, the “4% Rule” is more of a great observation than a rule).

    I would live on a third, give a third to my family, and a third to local organizations.

  • djsoren19@lemmy.blahaj.zone
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    26 days ago

    Leave my country, buy an old decrepit spooky mansion in a non-Western country, and spend the rest of my days pretending to be a ghost whilst using the remaining funds for small acts of charity for the nearest town/village. I wanna see if I can create a legend.

  • Jay🚩@lemmy.ml
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    27 days ago

    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

  • selokichtli@lemmy.ml
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    27 days ago

    Probably the first thing I would do is to exchange them for gold-backed currencies.

  • TrackinDaKraken@lemmy.world
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    27 days ago

    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.

    • historicaldocuments@lemmy.world
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      27 days ago

      Disclaimer: Not an investment advisor and not your investment advisor

      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.

      The first one is a Vanguard US bond fund that pays around 4% to 5% annual dividend on a monthly basis, and the second one is a Vanguard Total World Stock Market fund (captures a piece of the entire world market). A savings account now is paying around 0.38%. So on $5mil if you put it all in BND it’d pay around $200k annually. In a savings account it’d pay $19k, and savings accounts are only insured up to $250k.

      The bond fund is taxed as ordinary income, so you could sit down and decide if something like VTEB would be better than BND (lower yield but 0% federal income taxes). It really doesn’t take much to beat a savings account, and it doesn’t take long at all to start working around taxes.