What would you invest a million dollars in right now? (1 Viewer)

[Coyote]

All of it in a Swiss bank, in CHFrancs. Nothing else.

 

[chrismurda]

1. I was reading a story about how TikTok has become this insanely popular place for people to get stock and investment tips, and that there are now apparently millions of 1 minute tutorial videos on how to make bank. Got me thinking about the power (or danger) of the collective, and I was genuinely interested in a thought experiment of “what would you do with a million dollars.”

I think it was @Payback who made a super important point about a person’s relatively liquidity vis a vis the money, and that it would color things.

2. Personally, I have always found large investments to be best based on people, not currency, product, trend or stock. Smart people drive smart decisions, which in turn drive smart investments that turn exponential. I would probably find 10 brilliant people with bold ideas and invest $100k in ea

I agree on investing in others who you believe in. It reminds me of how once broke and struggling LA based artist David Choe who turned down 50k he needed in exchange for future stock to paint a few walls in what is now Facebook headquarters because he believed in Mark Zuckerberg after meeting him despite not understanding or believing in the idea of Facebook.

edit: the stock earned him couple hundred million years later after going public

 

[warma]

Beenie Babies.

 

[PinDoc]

I'd probably spread it across the ARK invest ETF's. They are really looking at what technologies will transform the future. I'd read their news letters from time to time and check back in 5 years.

Meanwhile i'd start, finish, and order my dream 3000 chip custom set. The Hideaway Card Room.

 

[BEANO52]

I put 20% into electric cars about April 2020 and that included zero TSLA. I've been very happy with the results.

Check $NIO & $XPeng

^^ Yesterday

^^ Today

 

[pharaohone]

Buy a small business or invest in / back a search fund entrepreneur and execute on a buy and build strategy of a services company in a large and fragmented market that is recession resistant. Build it to a scale where private equity funds will pay you a healthy premium.

 

[allforcharity]

NAGB!

 

[FDLmold]

Can I interest you in 60 acres in western NY?

New York state? I'll take a hard pass on that one. I've been surrounded by black midwestern dirt most of my life. I'd like to own some more of it, and when my time is done, dig a hole in it and throw me in.

 

[pltrgyst]

Immortality research.

 

[Chipandchair]

Love the question. I will go with driverless trucks

 

[JustDave]

Immortality research.

either humanity ends in the next 100 years or someone alive today will, in some way, live for the next 1000 years. How that changes humanity will be unlike anything since man learned to create fire. I have no idea how you invest in that.

 

[MatB]

Land. Farmland for cash rent if I had no plans to live on it.

THIS ^

But I would immediately divide it up into useable parcels and let local entrepreneur farmers use it for free and so I don't pay taxes on the land, and they supply me with year round free food.

Plan B, invest in vertical farming.

 

[pltrgyst]

either humanity ends in the next 100 years or someone alive today will, in some way, live for the next 1000 years....

100 years is pretty short, but with the planet supporting at least twice as many people as seems prudent, it could happen.

World-wide birth controls to shed the surplus 3-4 billion people seem pretty unlikely, though.

 

[BrightlyDumb]

What’s your definition of alt coins? Is ETH an altcoin?

If it’s uniswap shitcoins, it’s hard to buy anything in size without moving the market

@wuffle @RudysNYC, I generally lump ETH outside of alt coins. Shitcoins isn't exactly what I was thinking, but really there's lots of speculation involving anything from XRP on down to ... doge. There's inherent risk in all of 'em, including bitcoin. However, the research is available on the internet to evaluate at the minimum the white papers. I consider that legwork easy in relation to running an actual business or trying to raise money to fund one.

 

[RudysNYC]

@wuffle @RudysNYC, I generally lump ETH outside of alt coins. Shitcoins isn't exactly what I was thinking, but really there's lots of speculation involving anything from XRP on down to ... doge. There's inherent risk in all of 'em, including bitcoin. However, the research is available on the internet to evaluate at the minimum the white papers. I consider that legwork easy in relation to running an actual business or trying to raise money to fund one.

XRP can get bent, I'm in NY and it's super difficult to get into most common altcoins (shit, bitcoin even) without KYC.

 

[XBobdog]

Just a million....


JK. Good luck

 

[Pinkdan]

What’s wrong with binance? Just curious

 

[Deuce9]

Destroying the USPS and starting a new mail delivery service

I have a hunch Bezos already is eyeing that up. Perfect solution for him to get distribution for penny’s on the dollar.

 

[JStew]

A I (and I’m not talking Alan Iverson). We don’t have much time left before the robots take over the world.

 

[nezara]

A I (and I’m not talking Alan Iverson). We don’t have much time left before the robots take over the world.

 

[BrightlyDumb]

I have a hunch Bezos already is eyeing that up. Perfect solution for him to get distribution for penny’s on the dollar.

Amazon just bought something like 11 767s that will be repurposed to cargo....

https://www.cnet.com/news/amazon-bu...zon-buys-11-more-jets-for-its-delivery-fleet/

 

[inca911]

 

[IaHawk]

Real answer, I'm consulting a financial advisor.

Other answer...I'd open a Texas Roadhouse and/or Chick-Fil-A. Those places are always packed around here...yes, even during pandemic.

 

[RainmanTrail]

A I (and I’m not talking Alan Iverson). We don’t have much time left before the robots take over the world.

I work in AI. A couple of my buddies recently asked me which AI companies to invest in. I told them to invest in something else. The up front costs involved in applying AI to even just one very specific problem are extraordinary. It's a powerful tool, but the infrastructure needed to support it is incredible. The cost to benefits ratio leaves much to be desired. That's not to say that important breakthroughs won't be made, but there's a reason Uber recently completely abandoned their self driving cars project that they spent hundreds of millions of dollars on. Most of these AI projects are going to go belly up. The few that succeed will be extremely well funded already like Google, or the needle in the haystack.

 

[RainmanTrail]

Real answer, I'm consulting a financial advisor.

Other answer...I'd open a Texas Roadhouse and/or Chick-Fil-A. Those places are always packed around here...yes, even during pandemic.

I assume the Chick-fil-A contracts include a mandatory 10% tithe though?

 

[nezara]

I assume the Chick-fil-A contracts include a mandatory 10% tithe though?

I looked into buying one once, I think you have to be personally involved in running the business

 

[sugarcane]

Banksy original on canvas. Would have to be a smaller work or editioned canvas. Huge upside... and you get to enjoy the art.

 

[RudysNYC]

What’s wrong with binance? Just curious

Nothing wrong with Binance per se, I’m just in NY and Binance doesn’t serve NY. Same with FTX. Could VPN it, but would be kind of a PITA

 

[MrWitti]

An island. Prices might go up with the turmoils in traditionell holiday resorts. And limited supply. Invite me when you monetize, a lodge and a place for fishing is enough for me.

part 2. declare the island an independent country, build a casino and order tons of paulson chips you resell here.

 

[Highli99]

Real answer, I'm consulting a financial advisor.

Other answer...I'd open a Texas Roadhouse and/or Chick-Fil-A. Those places are always packed around here...yes, even during pandemic.

Buying a franchise is a great way to buy a job. One of my colleagues’ parents own a couple near us and he says they work insane hours. Add a bar and it probably just means more hours of work. Restaurant industry is brutal.