Suppose you win 100 million. What do you actually do with it? Banks only guarantee 250,000. Do you have to invest it? Is there anywhere you can just let it sit and draw interest?

  • @gens@programming.dev
    2•1 year ago

    Buy lots of weed. Buy a place to make a workshop. Buy lots of machines. Teach teenagers (and adults, if they want) woodworking, metalworking, and robotics. Make some money on the side from random comissions. Maybe bild myself a wooden house.

    • pjhenry1216
      2•1 year ago

      Gold isn’t guaranteed to outpace inflation. It usually does, but not always. Moreover, over periods of time, it’s a poor investment compared to riskier assets such as stocks. Investing in the gold market (mining, etc) can be a little better, but nothing is guaranteed about gold. It’s not difficult to beat gold as an investment.

  • @YoMismo@lemmy.dbzer0.com
    1•1 year ago

    100m $ !? Other than buying all things I and my family need, I may invest a in real estate that I could rent, and put the rest in the bank.

  • FuckyWucky [none/use name]English
    2•1 year ago

    put it in the too big to fail banks, those are likely to be bailed out completely regardless of FDIC limits.

    if you give me the money, ill put 3mill in a bank and give the rest to certain political organizations…

  • elouboub
    0•1 year ago

    Of course first into a bank, a few million in crypto, another few million in ETF, another few million to actual brokers. Then it’s time to start buying up property and renting it out at a fair rate - it’s not like I don’t have money invested elsewhere. All this to diversify investments.

    Gotta buy my entire family houses too, so that they don’t have to be wage slaves anymore. I should be left with… 50M or more?

    Now the fun part starts: investing in opensource. I’d spend my time making a team to find “critical” places to invest in. Stuff where there’s just little to no competition or the market is dominated by big players. Identify opensource projects that could challenge that dominance and see if groups would want to work on it full time, be it development, marketing, hardware costs, security audits, etc.

    And of course travel and do lots of drugs.

  • @Resistentialism@feddit.ukEnglish
    9•1 year ago

    I invest a decent amount.

    Then I buy a large house and a very large garage and buy lots of motorbikes. As well as a fuck ton of security.

      • @Resistentialism@feddit.ukEnglish
        1•1 year ago

        Oh, I forgot about the maintaining. Well, at least we’d have enough to buy actual tools and machinery to help like those massive car lifts that let you work underneath. Only, for a motorbike, it’ll be onw that does the same but different.

        I would grt a few nice cars though.

  • @PowerCrazy@lemmy.ml
    0•1 year ago

    Finally get rid of the biggest barrier to a better world for at least 300million people, primary/buy-out every single politician of the democrat party to ensure the things that are ostensibly in their platform are actually enacted. Also ensure that every single current non-elected neo-liberal “policy wonk” and their sycophants never have any influence in any future government again.

    • SootySootySoot [any]English
      2•1 year ago

      I don’t think 100 million will buy you a hill of beans in US politics. And I don’t think they’ll betray their class interests for any amount of money - what’s the point in taking a $100m bribe if it means there’s fair taxation and more equitable living that prevents them being top dog with that money?