27 Years Old Millionaire. What Investments Do You Think I Should Do for The Future

shamid202 on 23/02/2018 - 16:27
Last edited 23/02/2018 - 23:46 by 1 other user

Hi Guys

I am a 27 year old millionaire. I rent a house, have a very normal sedan car and I have worked hard these years and earned some money.

To be honest I have good ideas where to invest my money. but i was looking to see if i can find better ideas.

I am looking for something with around 8% return a year without much hassle. I already run a business so i can't put much time in something else.

By the way i know how to manage the business by investing the earned money inside my business or buying a house, luxury car and these thing. I am talking about the extra cash i have.

**update, im going to invest 10% of the money to open a franchise. I won't be able to run the franchise. so my father will be in charge.

Financial

closed Comments

    • The Almighty Dollar on 25/02/2018 - 16:01
      +5

      These troll threads really should be blocked by site mods, completely lowers the appeal and purpose of the site.

  • owli on 23/02/2018 - 17:58
    +3

    8%? Are you able to ride out a recession/depression? Just put it in an index etf.

  • AlienC on 23/02/2018 - 18:37
    +1

    Nvidia Stock if you want safe and not to gamble.

    Or check some other promising successful high tech stocks. I think Nvidia is the best though also for me personally because I think they are cool.

    Facebook is also good.

    • [Deactivated] on 24/02/2018 - 20:52

      Netflix, Google, Apple, the list goes on.

      But there are many small caps stocks in ASX, some of them went up like 10-20x last year alone.

      But be careful, don't get caught by the likes of MUS, GSW.

      • AlienC on 24/02/2018 - 21:55

        What's a small caps stock? What's MUS, GSW?

        • [Deactivated] on 24/02/2018 - 22:49
          +2

          Nevermind that, those 2 were just bad stories.

    • claw225 on 25/02/2018 - 08:59
      +2

      /r/wallstreetbets

    • Oofy Doofy on 27/02/2018 - 10:41

      Nvidia at dizzying heights.

      https://www.cnbc.com/2018/02/01/nvidias-massive-run-reminds-…

      Interesting nonetheless.

    • SimpleRoger on 27/02/2018 - 21:52

      Why stock, when there's crypto.

      • AlienC on 28/02/2018 - 05:20

        Less of a gamble aka risk aka safer bet.. for everything else there's crypto card.

  • Ughhh on 23/02/2018 - 18:42
    +16

    I think the majority of people here need the advice (from op) more than op needs the advice.

      • Tuftsdude on 24/02/2018 - 11:50
        +2

        3 years ago it was at a really good price. Now it's alright.

      • No ONE on 24/02/2018 - 16:24
        +6

        Then invest in gold :D

  • dogboy on 23/02/2018 - 19:48
    +22

    To be fair, most middle class Australians who own a house or 2 are millionaires. A million bucks just doesn't go as far as it used to.

    • Ughhh on 23/02/2018 - 22:31
      +15

      If there's still a 90% loan to a "$1M" house, far from a "millionaire".

      If it's cash or liquid, now that's impressive.

      • shamid202 on 23/02/2018 - 23:41

        its all cash bro

        • smuggler on 24/02/2018 - 12:28
          +17

          ASk one of your lebo comancheros mates.

        • [Deactivated] on 24/02/2018 - 21:08
          +12

          Paste a screenshot of your internet banking showing the 7 digit numbers.

        • D6C1 on 25/02/2018 - 11:26
          +4

          @blaccdong: Best advice

        • No ONE on 25/02/2018 - 14:20
          +2

          @blaccdong: cash as in paper form wink wink

    • smartazz104 on 25/02/2018 - 15:06
      +3

      Yeah they're all "millionaires" until interest rates goes up a quarter of a percent, then suddenly they're crying poor.

  • robbyjones on 23/02/2018 - 19:57
    +37

    Well there's 30 seconds of my life i'm never getting back!

  • KaTst3R on 23/02/2018 - 19:57
    +2

    No one mentioned casino?

    • JimmyF on 23/02/2018 - 20:14
      +5

      I bet the guy doesn't even have $10 to his name, so no point really!

      • pegaxs on 23/02/2018 - 21:05

        Or has a million, but it’s tied up in something like property and isn’t liquid.

        • JimmyF on 23/02/2018 - 21:19
          +7

          yeah that $1M home with a $900k loan attached to it ;)

        • [Deactivated] on 24/02/2018 - 21:07
          +3

          @JimmyF: I know some property investors with dozen properties and $7 million loan attached to them, and $750 cash in bank account. And they call themselves investors, lol.

        • JimmyF on 24/02/2018 - 23:54
          +3

          @blaccdong: lots of them around…

          We have all meet them, yeah I have a $7m property portfolio and dig deeper to find out they have a $6.9m loan to go with it.

          Oh so you really only have a $100k then. ;)

  • [Deactivated] on 23/02/2018 - 20:54

    Red

    • JimmyF on 23/02/2018 - 22:28
      +2

      IT CAME UP BLACK!!!!

  • Whomastadon on 23/02/2018 - 20:57

    Any ~10% LIC.

  • blackfrancis75 on 23/02/2018 - 20:59

    buy an apartment and put it on AirBNB. Minimal management overhead, and you can easily make 8%+

    • lousy on 25/02/2018 - 09:18

      There is actually a lot of management involved with that

      • blackfrancis75 on 26/02/2018 - 12:25

        respectfully disagree, from experience

        • lousy on 04/05/2018 - 14:10

          do you manage yourself? or have others come in to do the cleaning etc?

  • rompastompa on 23/02/2018 - 21:01
    +1

    English lessons.. Fix those grammatical errors and you might be taken seriously.

    To be honest I have good ideas where to invest my money.

    How about you share these good ideas.

  • Sage on 23/02/2018 - 21:33

    just spent it all, you're set for life.

  • armdrags on 23/02/2018 - 21:38
    +2

    $80,000 high yield investment vehicle.

    • shamid202 on 23/02/2018 - 23:43
      +2

      NISSAN GTR

      • danger163 on 24/02/2018 - 17:14
        +9

        And ask whether to wash or not?

    • Hardly Normal on 25/02/2018 - 13:39
      +3

      Get a good deal on an AMG that isn't really an AMG.

  • Findo on 23/02/2018 - 21:40
    +3

    Go seek out private banking services and a decent financial advisor.

  • trustnoone on 23/02/2018 - 22:34
    +8

    I don't know how to invest at all so take this comment with a grain of salt. But honestly I think you ask a difficult question, if you want safe returns then you can get <3% at a bank, want better returns then I think 5% to 7% in an ETF. A little riskier and you're looking to 7% for something like ratesetters.

    Problems is, I think when you start hitting more then 8% you start looking into proper risky returns, you want stuff that are more volitaile for that extra risk and reward.

    Obviously if there was a safeish way to invest at 8% and higher, no one would be bothering with the <3% at banks and 5 to 7% at ETFs because we'd all be putting our money in the higher brackets.

    I think for >8% you'll have to look outside the market a bit more, for example crypto, housing, stocks, Office buildings, currency changing, lending, maybe supporting a start up promising high returns? If you want less hassle I'd probably stick with an ETF?

    Though I'd imagine with that much money I'd get a financial adviser for better advice.

    • shamid202 on 23/02/2018 - 23:44

      the only proper answer here was yours here anyway. everyone is joking around.

      • muncan on 24/02/2018 - 09:14
        +9

        Including you

        well im self employed but have friends who the same friend who they bought bitcoin on its rise to 20K and i kept telling them to sell now and they said its going to be 100K straight and called me crazy again. well i sold mine at 19K and made a fortune. now i am retired =))

        • 7Alice7 on 24/02/2018 - 11:58
          +11

          now i am retired so bored I resort to attention seeking behaviour on ozbargain.

      • Findo on 24/02/2018 - 15:32
        +1

        I’m serous, go seek out private banking services and a good financial advisor. Private banking has helped my parents who are dumb with investments and time poor maximise their return consistently year after year.

    • Dpkmax on 25/02/2018 - 15:23

      very informative advice

  • Korban Dallas on 23/02/2018 - 23:56
    +4

    Sounds like a uppity bullshit post based on the first sentence. Could be a bitcoinier or house debt rich on an interest only loan.

  • katz on 24/02/2018 - 08:30

    Millionaire lol. How do you label/define yourself as that?

    • JIMB0 on 24/02/2018 - 09:44
      +2

      He probably owns a million HTMLCOIN which are worth 0.1c ea.

    • kylarstern on 24/02/2018 - 12:30
      +2

      A million Zimbabwean dollar or Korean Won probably. Pretty humble guy.

      • myusername on 24/02/2018 - 14:42
        +2

        mummy and daddy gave them some money

    • [Deactivated] on 24/02/2018 - 21:11

      All my Indonesian & Vietnamese friends are billionaires based on the number in their bank accounts.

    • imahapyboy on 25/02/2018 - 00:45

      same as my ID, lol

    • customundo on 26/02/2018 - 11:12

      It's from the FaMo Foundation

      Father and Mother Foundation

  • Hithere on 24/02/2018 - 09:07
    +4

    More likely to be a pimply faced 15 year old working at Maccas.

  • DiscoJango on 24/02/2018 - 09:23
    +36

    hi guys, im a middle aged billionare. i have several companies under my name with around 5000 employees total

    do you guys have any idea how i should invest my money? i had a good think and ozbargain seems the most appropriate place to ask for help

    thanks

    • try2bhelpful on 24/02/2018 - 09:35
      +5

      If you are a complete egotistical sociopath with racist and sexist tendencies, and a dodgy foot spur that will stop you doing military service, then you could run for the job of President of the United States - they have form on the likelyhood of voting you in. It would also help if you can get the Russians to support you in this endeavour. :)

    • chumlee on 24/02/2018 - 21:14

      Buy a casino

  • [Deactivated] on 24/02/2018 - 09:55
    +1

    This is good stuff ,
    I'm writing it down

    Now do I need hair or can I just balance a dead badger on my head

    • ravonda on 24/02/2018 - 10:04
      +1

      Dead badger? How about a sleepy weasel?

      • [Deactivated] on 24/02/2018 - 10:20
        +2

        That's more of a Mirkin.

  • SuperFly 420 on 24/02/2018 - 10:03

    OP, my I ask what is your business and how did you became a millionaire?

    I need your advice :/

    • centrelink on 24/02/2018 - 10:12
      +2

      making a million is easy.. its making trillions that's the hard part

      • Samsungnote10 on 24/02/2018 - 12:56
        +15

        Have you actually mentioned how you became a millionaire?

        • Aceboy884 on 24/02/2018 - 20:16
          +1

          Then op read more like a troll than a 27 year old millionaire

          ‘Maybe he is one of those crypto millionaire, but then again, unless you cashed out the peak

          $100,000 to start a franchise, clearly he has no idea what it cost to run a business, let alone the setup cost for any respectable franchise

          I’m calling this guy a troll, period

        • shamid202 on 25/02/2018 - 01:02

          @Aceboy884: well its not 1 million.

        • shamid202 on 25/02/2018 - 01:04

          I run a web hosting service and i don't want to mention the website. I started the business since i was 17.

        • Samsungnote10 on 25/02/2018 - 01:20

          @shamid202:
          Good for you. Well Done

        • Wally on 25/02/2018 - 01:56

          @shamid202:

          As long as you realize the ATO will want about 30% of it!

        • Aceboy884 on 25/02/2018 - 10:10

          @Wally:

          Yes that too

          So all sounds like bullshit to me

          It’s like saying I started shitting gold at the age of 1

          Now I’m a millionaire

        • shamid202 on 25/02/2018 - 10:34

          @Wally: they already have taken their part

        • gromit on 27/02/2018 - 15:49

          @shamid202: lucky, had a friend that didn't realise the ATO would come hunting for their share, he blew it all BEFORE he got the bill for tax.

      • Klogg86 on 24/02/2018 - 14:26
        +1

        Not true. I work for someone, they pay me a very nice salary. Millionaire later than you, but by 30 in my case.
        No debts, majority right now is in stocks, mostly small cap. 18% p.a CAGR

        • Oofy Doofy on 27/02/2018 - 11:05

          Are you indexed to purely small caps? I'm assuming this to be the case but was wanting your confirmation.

        • Klogg86 on 13/03/2018 - 11:40
          +1

          @Bamboozle:
          Not buying an index fund at the moment, although moving toward it as the pool of funds grows.
          So long as I don't destroy it, I only need to make the money once…

      • UFO on 26/02/2018 - 18:30
        +1

        "every morning you wake up tell your self i want to be a millionaire and i will become a millionaire in a year or two time."

        -shamid202

        Well, there we go then!
        If you made your million in 2 years, then getting a 50% return in that same period shouldn't be a problem! Why ask for advice here when you could be selling it instead?

        Unless of course you aren't telling us the whole truth here ;).

  • cocomelon on 24/02/2018 - 10:12

    I know a friend who made a fortune out of cryptocurrency and resell itunes card, she managed to sell most of her bitcoins at peak, she bought outright her house and still buying low and sell high cryptocurrency.

    • SaberX on 24/02/2018 - 19:29
      +1

      I dont understand howe you buy and resell itunes cards to make serious coin?

      • chumlee on 24/02/2018 - 21:16
        +2

        And that's exactly why you and I are not millionaires. We have no idea how to make serious coin reselling itune cards

        • FW190 on 24/02/2018 - 22:18

          conning pensioners into paying their "tax debt" with iTune cards, then re-sell them for a profit?

        • Samsungnote10 on 25/02/2018 - 13:05

          Can i make 1million with kogan gift cards???

      • idonotknowwhy on 25/02/2018 - 11:15

        I dont understand howe you buy and resell itunes cards to make serious coin?

        Unfortunately, It's actually a thing.
        They buy vouchers with crypto and sell them as a way of cashing out of bitcoin (an asset) without paying CGT to the ATO.

        • SaberX on 25/02/2018 - 18:56
          +1

          Yeah, so in the end the act of buying and selling itunes cards isn't flipping a profit. all their doing is materialising profits on their crypto… and finding a way out of a rising crypto.

          So really how many of those who get in the door from the start get lucky and rich, and how many know what their actually doing? Most mums and dads have no idea about investing normally but have certainly made good coin on it - good on them, but when the music stops how many will be hurting? There'll always be a few laughing all the way to the bank.

          Avoiding tax is obviously without saying illegal. And hey you cold do many things illegal and make good coin- but at the end of the day if they come knocking and ask you to pay 30% tax on $1m of profits over the last 5 years where will you find $300k?

          In this digital age they may catch up with you. Data matching. Records. How did you buy a property on this wage? YOu'd have to be very careful. Not to mention penalties, interest etc. could see your amount owed double…

        • idonotknowwhy on 25/02/2018 - 20:44

          @SaberX:

          In this digital age they may catch up with you. Data matching. Records. How did you buy a property on this wage? YOu'd have to be very careful. Not to mention penalties, interest etc. could see your amount owed double…

          100% agree with this already and am certainly not suggesting it's a good idea. In fact, everything on these blockchains is public and once it's associated with your 'pseydonym', every transaction you've ever made is visible.

          The problem is, a lot of people don't understand this, and seem to think that "bitcoin is anonymous". This is why they buy the vouchers, etc.

  • oSammy21 on 24/02/2018 - 10:36

    Sketchy thread.

    Own a business? expand it?

    Judging by comments not actually a millionaire. Although very possible through hard work.

  • monkeybusiness on 24/02/2018 - 10:54

    Bank shares. At current prices, divided yield itself is already 6% or so. With the franking credits this will easily be 8-9%.

    Unlikely for banks to cut dividends and also there is potential for capital growth as well. True it may drop too, but its highly unlikely to drop significantly unless the whole economy collapses

    • hahaboy on 24/02/2018 - 21:29

      let's see what happens after the royal commission inquiry

    • Hasbulla on 25/02/2018 - 09:32

      what are the odds of the economy collapsing?

  • bl1027 on 24/02/2018 - 10:59
    +3

    What's with all the negative/snarky comments?

    Good for you OP for making $1 million by age 27 AND being humble enough to ask people for advice on how to make your next million. Financial education never stops.

    I suggest subscribing ($350/year) to the podcast RealVision. Every week they interview top investors about where they believe the market is heading/what the world will look like in 5-10 years time etc. It is not a get quick rich scheme where they pick 'hot stocks' but rather, they open your mind to investment ideas you would never think of. You will need to do your own research but the ideas are not what you read in AFR or Bloomberg (by the time it gets in the news, it's old already).

    The first million is the hardest and you've done that. You can make that 1 million into 10 million. Good luck! *no sarcasm at all.

    • kylarstern on 24/02/2018 - 12:28
      +1

      Nicely played sir

  • Dave Bowman on 24/02/2018 - 11:02
    +6

    Put 100k in crypto. Preparing for downvotes…

    • idonotknowwhy on 24/02/2018 - 17:01
      +1

      Best advice here.
      Can turn it into another 1,000,000 by EOFY

      • [Deactivated] on 25/02/2018 - 11:12

        or $100.

Login or Join to leave a comment
Login Join