Investing my Inheritance

Here's a good plan. While it's not a financial one, it certainly fits into the lifestly investment category.

1. Quit uni
2. Buy a one way ticket to the French Riviera
3. Acquire a condo with water views with tasteful furnishings
4. Buy that Lamborghini Murcielago you've always dreamed of
5. Invest $10M in a safe term deposit and live off the interest
6. Invest another $10M in facebook shares for your retirement fund in 35 years time.
7. relax, chill, join a gym, go to the beach, drink cocktails, eat at nice restaurants
 
With 32 mil, I would do the following:

1. Buy a chunk of microsoft or woolworths
2. Get a private jet
3. Get a chauffeur
4. Buy part of a television station
5. Buy a big part of australia and rename it
6. Enjoy the rest on fine wine and finer women

It takes about $100 million AUD to enter the BRW 200 rich list so 32 million is not as far fetched as it sounds
 
ozmale42 said:
Here's a good plan. While it's not a financial one, it certainly fits into the lifestly investment category.

1. Quit uni
2. Buy a one way ticket to the French Riviera
3. Acquire a condo with water views with tasteful furnishings
4. Buy that Lamborghini Murcielago you've always dreamed of
5. Invest $10M in a safe term deposit and live off the interest
ozmale42 said:
What safe term deposit? Which bank? Our government is guaranteeing $250K per each bank so that's quite few term deposits for security, right?
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6. Invest another $10M in facebook shares for your retirement fund in 35 years time.
ozmale42 said:
Investing all eggs into one basket, such as one share, is pretty risky to me, let's see where Micorsoft will be in 5 years time?
ozmale42 said:
7. relax, chill, join a gym, go to the beach, drink cocktails, eat at nice restaurants
Click to expand...
I think if a person can manage well small amount of money then they would perhaps manage well large amount too and vice versa.
Click to expand...
Click to expand...
 
for those who are sceptical of the situation, i'm not entirely sure its so far fetched?

We've just experienced/experiencing the largest economic boom since the industrial revolution and has made many many multi millionaires - a lot of which are probably on these forums

Even for those holding multiple properties on this forum - you will probably leave many millions in equity alone to your offspring decades from now!


i think coming to a random group for advice has its merits as im sure many people hes approached who have been close to him has offered "advice" that is in their self interest only....
 
Hi Shaun

First congratulations.

Second - for goodness sake don't tell anybody else about this - at least not yet. In particular, whilst it may make for some *fun* times in the short term ;) please don't tell the ladies about this... you may find your appeal strangely enhanced...but your pockets ultimately lightened! :p:rolleyes:

Thirdly - I'm assuming there's no rush. Take your time to get it right and take things slowly and gradually. Even if you just stick this in the bank (or perhaps several banks) in a 3 or 6 month term deposit you'll earn more than 99% of the population does in 3-6 years!

Fourthly - some of the other posters observations are right. With that amount of cash you're in the high net worth category well and truly. As such you need specialist advice. An ordinary financial planner won't cut it. Many of the banks have and other financial services organisations have private banking services for HNW and UHNW individuals. Pay your advisers by the hour rather than let them take a % of your investment as commission. You've got enough money to pay for the best advice in town and it will pay dividends if you do. Speak to more than one.

It may be that it makes sense for the next few years for you to place your money with one or more private banking services or "family offices" for them to advise and invest your money. You can then take your time to expand your knowledge and expertise and find your way in life a bit.

Fifthly, remember that people with money have many many acquaintances but few real friends. Don't forget the people who loved you when you were just a uni slacker eating pot noodles.

Sixthly, remember that people with money have the power to do more good in the world than all the dirt poor bleeding hearts out there...so choose wisely.

Take care.
N
 
My Advice,

dont get married, dont go defacto,

I would imagine it to be very hard to find a genuine woman (assuming you like the ladies) who is going to accept you for who you are with $32m, let alone hiding it from her even if you did turn pick her up in your 1986 ford falcon

I know of one guy who now is in the BRW rich 200, before he became wealthy, was short, fat, bald, ugly,

now he is short, fat, bald, ugly AND Gay!
 
32 mil

thats a decent chunk of cash. spread it around between a few investments.

why not also keep a good amount and invest in a business you are interested in, at least that way you may have something that is interesting and gives you a challenge or two
 
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