| ||Sold my dipshit company for $5m, where to invest?|
41 points by to_the_top on Mar 1, 2011 | hide | past | web | favorite | 61 comments |
|Hey, I recently sold my dipshit company for $5m cash and I have spent some money buying real estate only about $400k (an office for myself, for 200 and commercial unit (not rented out yet)) and invested another 500k in stocks/bonds (with my inv broker). I am having a hard time finding good RE brokers who can find other properties for me (they all send me the same MLS listings, no private deals) and my investment broker is only able to provide me with 4-5% return, my own portfolio of 300k is doing better then his and I am new at this. So I am wondering, what practical advice anyone can give me so I can safely invest this money to beat inflation and live off of this for the rest of my life. Should I invest more of it into stocks? Should I buy a strip mall? or a strip club? :P I need practical advice investing, most stocks I have looked into for blue chip companies yield around 3%? and I would not want to put all of my money into stocks to make $150k a year off of $5m, with 1% being inflation and being taxed on that. Any sites/books/ideas let me know, I am thinking of doing a real estate course myself just so I can look at my own listings and invest properly into real estate.|
edit: I am hoping the investments can be somewhat passive so I can focus on a new startup. I am in Ontario, Canada.
edit: I am 23, not married, no children :)
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