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

  • ozlab on 25/02/2018 - 08:29
    +1

    Startup a tech company. Follow Jeff Bezos way or Jack Ma. You'll be number one.

  • smashed on 25/02/2018 - 09:31
    +4

    I have a million in the bank yet I rent. And I didn't look for financial advice until I hit seven figures.
    And then I figured ozbargain was the place to get it.
    Filed under BS.

  • joeyy17 on 25/02/2018 - 09:45
    +1

    Daddy’s money

  • belongsinforums on 25/02/2018 - 10:01

    Franchises can and do go broke. Real estate is pretty safe imo

    • [Deactivated] on 25/02/2018 - 11:14
      +1

      The bubble can burst too.

      • belongsinforums on 25/02/2018 - 12:48

        and they will recover, eventually. buy good real estate and keep tenants in them. tried and true method. the only hard part is getting the real estate in the first place, which OP can do.

  • citybargainhunter on 25/02/2018 - 10:05

    This is a good time to invest in the property market, there are lots of stock and you should be able to pick up a bargain if you look hard enough.

    • Oz80085 on 25/02/2018 - 19:02

      I disagree. It is highly dependent on which part of Australia you're looking to buy in. Give Melbourne and Sydney a couple of years before there are bargains around.

  • d86 on 25/02/2018 - 10:21
    +3

    Went to Bali last month. Believe it or not, I was a millionaire as well.

  • Lancerx on 25/02/2018 - 11:01

    Since when Ozb become a gloating place? Congratz though. My question is, since you made it so good so far, you sure you want to rely on us average Joe for advice?

    • idonotknowwhy on 25/02/2018 - 11:08
      +1

      Since when Ozb become a gloating place?

      Some people need validation. I'd rather people come here and gloat under pseudonyms, rather than gloating to friends/"friends"/family IRL and getting taken for a ride.

  • idonotknowwhy on 25/02/2018 - 11:05
    +1

    @shamid202: Shit-posts aside, if you really have that much money and weren't born into it, the best thing you can do is NOT tell people about it.
    I have seen this happen to younger people who made fortunes on crypto. I'm not just talking about Scammers and Charities (they'll be relentless) but friends and family.
    Even close friends and family members will want handouts if you're too open about your holdings, it can be quite shocking.

    Edit: P.S. As an old guy, I advise: Travel! Spend some of it, and go for experiences and memories (in your 20's) rather than products/toys. Plenty of time for the latter when you're old and boring lol

  • superkieu on 25/02/2018 - 11:59

    Shamid, If I am in your shoes, I would

    1. invest in a personal accountant and a financial adviser.
    2. buy things that would increase in value over time.
    3. learn how to make money works for you.
  • 4foxache on 25/02/2018 - 14:06
    +2

    Sounds to me like you inherited a million and have no idea what to do with it.

    How could you not know how to invest it if you've already made that much? I don't get it.

    • shamid202 on 25/02/2018 - 17:20
      -1

      Well one reason was theres no one with such a topic on ozb. Im the first

  • Indi24 on 25/02/2018 - 15:51

    You can be a billionaire with that millions..do the same what you did to ‘earn’ those millions..make sure you don’t repeat mistakes if at all any you did when you made those millions. Funny we are discussing about millions in a bargain site.

  • AbsX on 25/02/2018 - 16:02
    +1

    God this thread is a waste of server space somewhere including my comment

  • causeimbatman on 25/02/2018 - 17:42
    +3

    I’m a legit multi-trillionaire*.
    All it took was a $5 eBay order.

    *Zimbabwe dollars.

  • smartazz104 on 25/02/2018 - 18:47

    How to make a million dollars:

    Step 1. Start with 10 million dollars…

  • Oz80085 on 25/02/2018 - 19:00

    Lots of rubbish comments here… Well done on reaching $1 mil. Here are some things that I would consider with spare cash to invest (in order of preference):

    • Listed Investment Company shares: For example, WAM shares (Wilson Asset Management) currently have a dividend yield of about 6%. Grossed up (including franking credits), that's 8.6%. If investing in shares, I would put 80% of the funds into LIC shares or ETFs. 20% can be "play money" for individual stock picking. Always keep some buffer in cash to take advantage of downturns in the market. Reinvest your dividends and let compounding work its magic.

    • P2P lending - Someone already mentioned rate setter above. 5 year rates are about 9%. Just make sure you set it to auto-reinvest when payments come in.

    • Property - Don't expect high income from property. Property can be a pain in the ass but opportunities arise for CAPITAL GAIN. Don't buy property for the income because it sucks. Pick your properties VERY carefully. Get advice.

    • Business opportunities. Basically, unless you have a business opportunity that can deliver a return on equity well in excess of what I have listed above, don't bother. Too much time, energy and risk involved.

    Best of luck.

    • idonotknowwhy on 26/02/2018 - 09:45

      Lots of rubbish comments here

      It's Ozbargain

  • djmm on 25/02/2018 - 20:40

    OP: I'm 24 years old multi millionaire.
    You won't be able to grow $1M if you still need to ask internet my man. If you study your investment, you might be able to drive non normal coupe like me too.

  • Eeples on 25/02/2018 - 22:08

    You don’t want to travel?

    You need to travel. Doesn’t need to be luxury.

  • leesangyee on 25/02/2018 - 22:27
    +3

    Find a wife and pop two kids out - your million will soon be worthless.

  • lainey13 on 25/02/2018 - 22:48
    +5

    If you have $1mil you can afford to pay for a financial adviser instead of asking a bunch of tightarses for free advice.

  • mungas on 25/02/2018 - 23:01
    +1

    Invest in Kramerica Industries, I hear they’re prototyping oil bladder systems

  • [Deactivated] on 26/02/2018 - 01:53
    +1

    Run for president

  • wtigers on 26/02/2018 - 02:03
    +1

    Open a strip club

    • eatwell365 on 26/02/2018 - 22:42

      seriously, what is better investment _ brothel or strip club?

      dream job _ in terms of work life balance.

      • wtigers on 26/02/2018 - 23:09

        Id say strip club…

        • shamid202 on 27/02/2018 - 21:07
          +1

          strip club, so i can pay visit to them as well

  • Godric on 26/02/2018 - 07:07

    Pay tax on the drug stash

  • HappyACS on 26/02/2018 - 07:25

    so you have made some money & want to invest it….??

    Analyse success, repeat?

    How did you make it in the first place? if in your business, can you scale it?

    • idonotknowwhy on 26/02/2018 - 09:45

      Inheriting shit can only scale so much lol

  • BuyNow Think Later on 26/02/2018 - 08:42
    +2

    By the way i know how to manage the business by investing the earned money inside my business…

    Do you think OP has any business acumen if you read his posts here and here?

    • shamid202 on 26/02/2018 - 15:55

      I have been thinking about this concept, How much is a lot of money? when i asked people this question they said 1 million$ , 100000$ or a billion.

      But my answer was 1cent. every penny matters. it doesn't matter how much wealth i grow. every cent that i spend matters.

  • mranderson978 on 26/02/2018 - 09:18
    +1

    Isn't it obvious?
    Invest in cage eggs!
    Sorry if someone has already suggested this as an investment option.

  • h4zey on 26/02/2018 - 09:51
    +2

    get into car wash and cook the book so you can use your $$$

    • superkieu on 01/03/2018 - 15:14

      better call Saul

  • FlatulentFrank on 26/02/2018 - 10:17
    +2

    download Grammarly to improve the grammar, don't ask OZB - ask a financial advisor that will diversify/manage your portfolio of investments.

    Have a spread that covers you for recession/downturns

  • daleyboy79 on 26/02/2018 - 10:29

    Keep 10% safe in a term deposit for security, then I'd invest 40-50% in a low cost index share fund. Do you have spare income??? If so, then also borrow (80% value) to purchase one or two investment properties and negative gear them. With whatever's left you can take a few high risk chances be it cryptocurrencies, small scale venture capital or research type shares.

    OR … just put it all on Winx next time she runs and get a 10-20% return in under 2 mins lol

  • thom on 26/02/2018 - 11:35

    Congratulations!

    It sounds like you've made some decent money in a short space of time, so I assume you've gained specific knowledge of a niche area. 27 is still very young so I would assume that you have limited life experiences, knowledge of other fields, etc. Hence why you are asking for advice on here.

    My advice would be to invest the money into yourself, gaining experience in the areas that you need to grow and learning about some other areas that you had no idea about. You mentioned that you "don't have time" for something, so I'd start with organisation skills and learning how to outsource the things taking up your time.
    It sounds like you've spent a lot of your time working (potentially on your own business) rather than managing your business. Invest some time into yourself, in education - going back to school at 27 is quite common. I'd recommend studying overseas if you haven't lived abroad before.

    You may have been looking for more specific financial advice but I think that it's foolish to ask for that on here.

    Good luck!

  • crob on 26/02/2018 - 13:03

    10% - gold saver account that feed the min or a term deposit
    20% - gold
    50% - apartment block in regional Australia town with reasonable growth(buy out right)
    10% - 2nd apartment block with a loan that is in the positive if block is at 75% occupancy
    10% - Ethereum

  • frozenkuku on 26/02/2018 - 13:05

    27 Years Old Millionaire is just average, u cannot do much yet.
    I am not sure if you are 1 millionare or 9 millionare, it's a huge difference.
    you cannot do much with one million, but you can do a lot of different things if you are over 5 millions.

    once you are billionaire, you won't care about those low return long-term investment.
    you will only interest in short-term high return.

  • Oofy Doofy on 26/02/2018 - 14:28

    You only need your own property, cheap and reasonable in size. Then you only need about 500k in the stock market (AUS index), you can live on 20k pa dividends this way no trouble, and as a bonus most of the time you'll be growing the value of your investment year on year.

    Anyone who says you need millions to live well has their head in the clouds or has high expectations.

    • shamid202 on 26/02/2018 - 15:32

      i need some beer too.

    • frozenkuku on 26/02/2018 - 20:13
      -1

      This is not real, 20k per year for living, for a millionare?
      Or you mean 200k

      I avg spend 15-20k per month. Retired before 29. And still able to generate money from investment now.

      • Oofy Doofy on 26/02/2018 - 21:02
        +1

        What you can live on comfortably (with fun included) after owning your own property outright, is surprisingly low. You would be steadily increasing your dividend income every year, on the whole, providing there was no massive economic downturn.

        What on earth are you spending 15-20k per month on?

  • releasethekr4cken on 26/02/2018 - 16:19
    +1

    Invest in memes, they are going gangbusters.

  • nephilim on 26/02/2018 - 18:10
    +2

    Open a small christian school for 1million, goverment will help you grow it for free and throw money at you. Next thing you know you own a school worth 50million.
    works even better if you pretend to be catholic.

    • shamid202 on 26/02/2018 - 19:12

      good idea. how can i start this ?

    • malouphix on 27/02/2018 - 14:50

      ^^^ this! Works really well.

  • AustriaBargain on 26/02/2018 - 18:59
    +1

    Whatever you did to save a million disposable dollars in 10 years, just do that again for the next 10 years. Marry someone who also can make a million spare dollars every 10 years, you'll double your living standard in an instant.

  • ju2au on 26/02/2018 - 19:20
    +1

    Invest in a blonde trophy wife. Yes, she will get it all in the end.

    • Oofy Doofy on 26/02/2018 - 19:36

      The juice isn't worth the squeeze, but some people have to learn from their own mistakes.

    • theraque on 27/02/2018 - 00:44

      She'll definitely get it… in the end.

  • ganymede on 26/02/2018 - 20:58

    OP, please post your latest bank statement here then we talk.

  • abdulsamadpatel on 26/02/2018 - 22:46

    Give 10 cars of around 6000 - 8000 $ to car hood (https://www.carhood.com.au/), they pay min 250 $ per car per month so around 3000 per year, if i take out rego, pink slip, 3rd party (because carhood itself has like awesome comprehensive insurance) and maintenance you can get around 25- 40 % return.

    • djprima on 27/02/2018 - 11:46

      This is interesting. Have you tried it yourself and got that amount of return?

  • Ashy Larry on 27/02/2018 - 07:56
    +3

    Forget money and analyze your existence. Go backpacking or surfing. You don't have much time here.

  • mrdk on 27/02/2018 - 11:27
    +2

    Totally agree with some of the comments. If you have made your money move on to the next thing like questioning your own existence and asking yourself where you want to be in relation to the rest of the world.

    Traveling opens your eyes as too charity work with those less fortunate than you. Humility, compassion and gratitude should follow.

    Consider explore your spiritual side. Are you a mind in a body or a body in a mind? Explore consciousness and objective reality. Trippy no doubt. What is your spirt? Think about the spirit of Australia to help you answer that. How about your soul? There are lots of eastern and western philosophical thoughts out there. Nothing is wrong and nothing is right. It just depends on what you explore. Knowledge is the key.

    Finally I think no matter what you end up doing, consider a life serving or helping others. When life is joyous and wondrous - share it with the world.

  • BadGiraffe on 27/02/2018 - 14:06

    Serious question, OP. I want to be a millionaire. What should I do with my savings?

    Not so serious question… I want to be 27 again. Can I get a new sleeve?

    • malouphix on 27/02/2018 - 14:51

      What should I do with my savings?

      Don't spend it.

      • BadGiraffe on 27/02/2018 - 15:18

        True. But I want to grow it, not just hoard it. I have no idea how or what to invest in.

        • idonotknowwhy on 27/02/2018 - 17:37

          Depends on a few things:
          1. How old are you?
          2. Any kids?
          3. How much do you have?
          4. How much can you afford to lose?

        • BadGiraffe on 28/02/2018 - 18:36

          @idonotknowwhy:
          1. 41
          2. Yes
          3. I've got about $20K to invest comfortably at the moment.
          4. I can afford to lose the $20K and not get too upset.

    • shamid202 on 27/02/2018 - 21:13

      by saving money you won't really get anywhere as money loses its value in time. if you want to invest your money, you should only do investment in what you know best. wether its stock market, housing or business. definitely best investment you can do is running a business for your self. thats what i have done.

      I worked for a company about 6months after that they sacked me. I achieved many times top performance between all of the 100 workers over there when i was just 21years old. the only reason they sacked me 2managers complained about me and said i don't listen to them. they were idiots…

  • Atazoth616 on 27/02/2018 - 19:12

    Amway.

  • ripesashimi on 27/02/2018 - 19:34

    Adopt me

    • shamid202 on 27/02/2018 - 21:14

      how old are you?

      • smr23 on 28/02/2018 - 08:39

        A 27 year old millionaire.

  • nurbsenvi on 27/02/2018 - 20:13
    +1

    I would blow it all on cocaine and high class hookers

  • asrey1975 on 27/02/2018 - 22:02

    Cryptokitties.

  • Matt88 on 27/02/2018 - 22:25

    I bought some shares in a company that is about to start mining Lithium. Pilbara minerals (ASX Code - PLS). Lithium is a mineral that is going to be in huge demand in the future with the rapid expansion of electric cars and massive power banks.

    The share price has been up and down in the past couple of months after rapid rise from August last year. I am hoping for more movement in the price when they finish the mine infrastructure and start shipping the raw material to China (and now Sth Korea). Great Wall motors is one of the companies that will be using them as a source for Lithium.

    Stop the press - just as I was typing this I got a message from my brother advising that they have put a 2 day halt on trading due to a price sensitive announcement - a South Korean company Posco is going to acquire a 4.75% stake in Pilbara for A$79.6. This may make an interesting day of trading on Friday.

    Note: I am not a financial advisor and do not take this as advice - do your own homework before making any purchase.

  • myusername on 28/02/2018 - 08:28
    +1

    do we really need these "attention whore" type threads?

    • smr23 on 28/02/2018 - 08:41
      +1

      To me it just sounds like he's probably just showing off his money - we don't need to know this and the title should be looking for somewhere with an 8% return. Once he gets a wife and kids, he won't be able to make This back again, an obvious answer would be to keep saving his money…

  • Oofy Doofy on 01/03/2018 - 12:38

    Your name doesn't happen to be Kody?

    • shamid202 on 01/03/2018 - 22:45

      how did you know

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