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Updated almost 2 years ago on . Most recent reply

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Hugo McBride
  • Investor
  • Tucson
5
Votes |
17
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Let's say you won the lottery ...

Hugo McBride
  • Investor
  • Tucson
Posted

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. 

Most Popular Reply

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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Replied

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.

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