Okay, so to make a long story short my father died which left me with roughly 10 million euros in assets, but its pretty much all tied up in a 150k euro apartment, 1 million euro house and the rest in large plots of land (I can easily find buyers for this so it's not like it's completely illiquid)If I were to sell a portion of that land, or even all of it, what would you invest the money into? Are there any resources/books you can recommend for learning how to maintain and manage wealth?
>>34063879no idea man you are asking 4chan niggers who basically were broke niggers like yourself before your inheritancegotta find it out yourself, im sure youre gonna make it man, its surely easier to just deposit money you already got than getting rich in the first place you have it made
>>34063879Start with Rich Dad Poor Dad
>>34064009Rich dad Poor dad is a memebook
>>34064017And you are a meme posternow fuck off
>>34063879I’m sorry for your loss. I inherited about 30 million from dead relatives about a decade ago. The first thing you should do is talk to a financial advisor at a bank like Merrill Lynch. That’s where I keep my investments and money. I think UBS is big in Europe. BNP Paribas or Deutsche Bank ought to work too. The point is to go to an institution, not some random guy. If your dad had a lawyer who is respectable, ask him for advice. Lawyers give advice for a living. I don’t know your age, but if you’re the age of a homeowner and are renting right now you might want to consider keeping either the apartment or house. Just don’t spend your money on depreciating assets like cars and dumb stuff like that. If you’re smart you will have financial security forever. If you don’t know about real estate or are inexperienced, it shouldn’t be you who sells the real estate by yourself. You should get people who know what they’re doing. And ask different people so you know the one you hire isn’t taking advantage of you. Steps:1. Don’t spend it2. Get a financial advisor ASAPA good advisor will as you what your goals are. Depending on your age and how they do things in Europe. Your inheritance should be invested about 60/40 in stocks and bonds. At that amount of money it should be floating around 5% cash at all times to shift allocation or make use of it in emergencies. Your financial advisor will allocate things appropriately based on your goals. Search online at reputable sites (NOT 4CHAN) about these things. Best of luck to you.
>>34064043lucky fucker
>>34064049It was my parents in a murder, so not so lucky, pal. People are rich in different ways. Spend time with loved ones while you can.
why the fuck did your dad have ALL his assets in large plots of land lmao wtf. that doesn't appreciate nearly as fast as LINE MUST GO UP stock market. you want most of your money in LINE MUST GO UP stock market and then some smaller stuff in interest bearing fund and live off the interest while living in the apartment. you're on 4chan so you're single so sell the house. also this is probably just soem dumb trol shit.
>>34064062your parents would be dead sooner rather than later anyways, its not great watching your mom die from some cancer either if you think thats going to be great keep telling yourself how hard you had it though when you lived on super easy modenot saying its great to have your parents murdered, but just saying they die anyways and its not great
it is ttrue: you should not ask 4chan.i can tell you, if you invest a little bit in crypto, you will not regret it, either.i have no money. i have not inherited any.if i were to get some, i would basically do as >>34064043 said.you asked for knowledge to spend on.i can recommend you the lifebook on mindvalley. if you follow through on it.you have a lot of land? don't sell but lease it out to some farmers. or whatever it is used for. rent it out. man re-invest. there are companies which run your rentals for a commission fee. so you get money even if you have no clue.if i were you, i would go a little in precious metals, too. thinking long term as in if all else fails.rich people hang out with rich people because poor people thinking makes you poor.
>>34064043>The first thing you should do is talk to a financial advisor at a bank like Merrill Lynch.Dumb advice. They're paid by the bank and paid to sell you their subpar products.
>>34064127>i have no money.>rich people hang out with rich people because poor people thinking makes you poor.keep reading meme books with meme phrases and think you are smart when youre literally still a poor fag despite 'thinking rich'
>>34064127this is mostly so dumb. holding a BIT of crypto would seem to be an okay bet but like.. leasing land out to a farmer? and paying someone to run the rentals?? no, this is not as good an investment as just a match the market stock fund. precious metals don't appreciate nearly as well as stocks have. If "all else fails" their precious metals fund will be equally as useless as the stocks fund.
>>34064076my father got all his assets through inheritance too, we are essentially a high net worth family that never managed their wealth or invested it in a smart way, it was just us wage slaving for centuries
>>34064152you've just held a bunch of land for centuries sitting there doing nothing?? what?? no i don't believe this shit lmao
>>34064023and you are whaa
>>34064127I dont think I can lease the land to a farmer. It's not very good land as far as agriculture goes, and the main reason why it's expensive is because it's very close to cities so it can be sold to companies that specialize in building apartment complexes or whatever
>>34064157sounds totally believeable, people who grew up never having much money, never learn how to handle it, if you were never shown it by your parents it would be alien to you, toot. poorfag (not op)
>>34064157Centuries is a bit of a stretch, most of that land was bought by my great grandfather who later passed it down to my grandfather and so on and so on. I'm from Eastern Europe people here really aren't as savvy with investments and wealth management as Americans or Western Euros are
>>34064151right. precious metals and investment in such calculates for after society has failed and it is re-established. precious metals do not calculate on winning. they calculate in no-loosing.and there are agents who run your rentals. they make anouncements they make the talking with potential renters and they do the renting. for that they get commsiioned. it is a legid buisness.crypto: get some the ones which are hyped by the big platforms (crypto.com, binance) as the next big coin.>>34064133there is a reason why i wrote this. yes. both is true. this is why OP should have these things checked.and you get what you surround yourself with. if you can pay to be part of a mastermind (most don't know what that is), then it can pay off even better.farmers need land.some people rent huts in the alps for the season. to run their buisness up there. idk where the real estate is. sounds like urban.but usually you do not sell it. you rent it and aquire more. and if it is a lot, or overwhelming, you pay some professional institution and share part of the gain. there are a few out there and you take the best offer.
>>34063879Never sell land you dolt
>>34064167you should definitely check back with some advisor. my idea would be to take a lease on the land, build some apartment buildings, and let it be paid off by the ones renting it. get some institution who rents it for you and it pays off by itself.or buy apartments. i am all for buying passive income and then re-invest.that's what i would think like if i were to get a lot of money, at least: buy more money. "what is the next double?"
>>34064232Wouldn't it be better to just sell the land and buy apartments then rent it?
>>34064248idk. i have no money.i can tell you how rich people usually think:"How can I help as many people as possible?"and then they make a business out of it.just note that i know of a case where they sold their house to buy two more. Lost the money during the black friday and were able to afford socks for it.Selling the real estate comes at a risk and i myself have the idea of settling it all in precious metals. in real value.but as i said: you are asking advice from someone who has no money.
>>34064271another thing: i mean: you had it coming and you knew you would get 10 Million €.but usually when people win a lot of money in the lottery, they spend it on stupid stuff.let it sit for a while. the way it is invested, it does not lose its value. you can wait for a few years and then act.there are many cases where people win and then end up worse than before.also many will like you for your money. don't show too many. and don't show the wrong people.
>>34064271for clarification: the black friday was a financial buuble that burst like about 100 years ago. bankers jumped to their death because of some charts on a piece of paper.
>>34063879Most of that should be in stock and bond index funds. Put a little in bitcoin, gold, silver. You can keep the land. It's safer than even the index fund of gold.
>>34064361if the value of all the stocks and gold in europe gets completely fucked no one is going to care who owns what land that's all bets are off mode.
>>34064127Making bad decisions and bad circumstances make people poor. It’s the decisions people make that they can control, not their circumstances. >>34064130Subpar compared to what? Idk how it works in Europe, but in the US, financial advisers make more money when the client makes more money because fees are proportional. OP just has to shop around for the best fee structure. Going it alone without a reputable financial advisor at 10MM is retarded. >>34064086Did your mom die of cancer? Then you know how much money is worth if you don’t have her. As someone who had parents and has money, I’d trade all the money to get parents back in an instant.
>>34064550go enough into crisis aversion to be able to buy land again when things are good again.
