If I were Filthy Rich
By EnvironmentalTwo3810+32 Investment Portfolio
The Powerball is over $350M today. After tax for some states you can get at least $80M after taxes and fees. After you've completed your gifts and made your immediate (and not so immediate) purchases, how would you allocate your investments? Would you invest into crypto? Real estate? Are there any business plans that you'd have?
Recent responses
+23 @throwawayfromPA1701 It's all going into something that has at least a 4% return so I can live on the interest for the rest of my life. The trust will handle that. I do not have a spouse or children and I don't have expensive tastes so, this should be fine.
+14 @SomethingClever2117 Personally I’d open 3 accounts at the top 3 brokerage firms with $10m each. Schwab, Fidelity, and Vanguard. Just buy $10m of each of their index fund and whichever one performs the best for the year pull out $1m for expenses. Property taxes, health insurance, utility bills, car insurance, etc. Leftover money would be split between charities and other donations. I wouldn’t open a business or be involved in anything that requires me to do any actual work. The closest thing to work I’d do is sign up for a photography class so I could better capture the cool things I’d see while traveling.
+13 @IslandVisual S&P 500 ETFs