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Updated about 2 years ago on . Most recent reply
Let's say you won the lottery ...
How would you invest say $800k?
[...it is a smaller more winnable
lottery ;) ...]
I often ask this question to friends to show them that one does not have to wait to learn and have a strategy.
This time I'd like to ask the successful people in the group how they would invest that $800k.
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Mike Dymski
#5 Investor Mindset Contributor
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#5 Investor Mindset Contributor
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- Greenville, SC
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Mike Dymski
#5 Investor Mindset Contributor
Pro Member
#5 Investor Mindset Contributor
- Investor
- Greenville, SC
Take the family on vacation...and then buy one or two rental houses (for cash or low leverage) in a growing market where prices have dropped 10-20%. Everyone has different goals; so, the strategy will vary accordingly. Or, stick it in a US Treasury or a CD and get 5% risk free.