Humble, TX
Not pinball and not buying anything stupid. How would you make that cash work for you?
(Topic ID: 227577)
Leduc, AB
Sit on the sidelines and wait for house of cards 2.0, then swoop in and buy all the boats & homes you want for half off...
Index fund is one of the safest, most consistent for long term growth.
Example: say you put 40 million in an S&P index in the early 70's, reinvesting dividends yearly, you'd have around 3.5 billion today.
Quoted from wolffcub:Put it all on red.
no, diversify. Half on red, half on black.
railroad stocks, or buy pinball machines. in another 2 yrs they will all be 10k, just witnessed a 5500 flintstones, a 5500 terminator, and a 9k Indiana jones...… and they all said it was worth it!!!! 
Honestly, IMO, never do large sum investing. If you have no idea where a market is headed, spreading a lump over time can ease the pain of a decline. It will never pay as well if you by chance buy in a valley but if you aren't that fortunate, why take the risk. Also, educate yourself on who you will be dealing with. There are a lot of charlatans in the financial businesses. Many earn on commission. They will not always act in your best interest. Even worse, if you happen to "come into" a larger sum of money, relatives will find you. Never use anybody you are related to as an advisor. Learn what Finra is.
I don’t have time for active investment, so lazy portfolio would be the way to go. I’d spend a little from the top on silly stuff first though 
https://www.bogleheads.org/wiki/Lazy_portfolios
Quoted from Wickerman2:Index fund is one of the safest, most consistent for long term growth.
Example: say you put 40 million in an S&P index in the early 70's, reinvesting dividends yearly, you'd have around 3.5 billion today.
Wow, you’d only need to invest 40 million to start? Why doesn’t everyone do it?
No time for silly stuff. That is why Im in the boat Im in. Corvettes, pinballs, saltwater aquarium. I could retire now and live in a much bigger home if I hadn't pissed away so much money. Now Im begging for buyers and hating life. I want out of the used car business. Im considering buying rent houses and becoming a slum lord. Problem is that if they don't pay I cant say GTFO, I have to take them to court. Im 50 and Im tired of the whole game. My 92 year old Grandfather is offering to give me a large sum of cash and I want to do something smart with it to help get myself out of slepping used cars.
ld hold off at least till 2020 and the new election. pretty sure speculation of the next potus could be big on how the market responds in the upcoming year.
All depends on how long until you need to touch the money. Have some fun on Pinside and then go talk to a real advisor.
Quoted from BeaglePuss:Wow, you’d only need to invest 40 million to start? Why doesn’t everyone do it?
pretty sure if you use long division you could apply the example to your unique situation...so $4 in early 70's becomes a cool $35 now
Quoted from zr11990:No time for silly stuff. That is why Im in the boat Im in. Corvettes, pinballs, saltwater aquarium. I could retire now and live in a much bigger home if I hadn't pissed away so much money. Now Im begging for buyers and hating life. I want out of the used car business. Im considering buying rent houses and becoming a slum lord. Problem is that if they don't pay I cant say GTFO, I have to take them to court. Im 50 and Im tired of the whole game. My 92 year old Grandfather is offering to give me a large sum of cash and I want to do something smart with it to help get myself out of slepping used cars.
Wow, your Grandfather is only 42 years older than you? GBYA. Startin' 'em early. 
Quoted from lordloss:2 chicks at the same time?
I thought the going rate was $1M.
Quoted from lancestorm:I thought the going rate was $1M.
Only if you marry one and have a kid.
Hard question!! Some would say buy real estate! I have 1.5mil in the stock market and pull 45k per annum on that sum! Best to go to a financial expert! Not a Bank! Good luck!!!!
Quoted from zr11990:No time for silly stuff. That is why Im in the boat Im in. Corvettes, pinballs, saltwater aquarium. I could retire now and live in a much bigger home if I hadn't pissed away so much money. Now Im begging for buyers and hating life. I want out of the used car business. Im considering buying rent houses and becoming a slum lord. Problem is that if they don't pay I cant say GTFO, I have to take them to court. Im 50 and Im tired of the whole game. My 92 year old Grandfather is offering to give me a large sum of cash and I want to do something smart with it to help get myself out of slepping used cars.
That's almost literally what I did years ago. Had multiple cars (Corvettes, Vipers), 50+ pins, even multiple aquariums. Got rid of most of my "stuff" and invested in rental properties. I still have toys but I spend more of my time cleaning up my kids toys and less time working since I have extra passive income. But rental properties is still part of "the game" that you mention. I'm dealing with an eviction now and I swear the tenant is a professional and knows how to work the system. It can be frustrating but there are many worse ways to try to make money. Although right now would be a crazy time to try and invest heavy in the RE market.
That said, I'm 33 and so our timelines are a little different. Maybe invest in a business that you would enjoy? Either your own or a joint venture, depending on who you know/would be comfortable with.
Buy a small business that makes about 100k in profit per year. Keep your current job and pay someone 50k to do all of the day to day stuff.
Quoted from Wickerman2:pretty sure if you use long division you could apply the example to your unique situation...so $4 in early 70's becomes a cool $35 now
My math says $4 in the 70s is $350 now...
Quoted from Pinballpal:Spend it all on Helios and Matheson stock. Movie Pass stock.
LOL - that would get you SOOOOO many shares.....
With rising fed rates coupled with global debt levels and an inverted yield curve, the stock market is due for down. The market cycle is well ahead of itself. Pin is no exception, if not a direct indicator. The best application of a reasonable sum of money is to pay all debts off and invest in self. A roll of the dice on self incorporation the moment the end of market decline is in sight. It could be years. A decade even.
One thing is for certain, liquidity in fiat currency is the saddest of all endeavours. If it were me, I'd invest in what the elite do, property in the nether-regions. Perhaps New Zealand.
If you want to rent houses, the key is to not be a slum lord. Do your research on your tenants before you let them move in. Don’t rent to the first guy waving cash in your face. If they don’t have a bank account and can’t provide you a cheque then don’t even look at them as tenants. There are way more honest people out there then crooks looking to rip you off.
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