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

  • kasumi on 23/02/2018 - 16:29
    +36

    You're dreaming if you want a 15% return from a passive investment, unless you sign up for a pyramid scheme :)

    • shamid202 on 23/02/2018 - 16:30
      -4

      Just changed it to 8. i know 15 is a lot. lol

      • kasumi on 23/02/2018 - 16:33
        -2

        Depends on where you live, but if you're in Syd or Melb, i would purchase property (that has land, not apartment) and rent it out. Otherwise, in a managed fund of some sort.
        But I would highly suggest you seek a financial planner as it all depends on your circumstances, serviceability, goals etc….

        • mysterytal on 23/02/2018 - 22:23
          +5

          Where can I find a property with an 8% return after expenses?

          I can't anything paying much more than 3%.

          Or are you gambling on capital value which could be anything….even a loss?

        • kasumi on 24/02/2018 - 07:50
          +1

          @mysterytal:
          You can’t. That’s why I was saying he should see a planner. Long term, your investment property should make you a decent capital return if you hold land and you buy in the right areas

        • Ti-au on 24/02/2018 - 16:17

          @mysterytal: Commercial real estate? Developing?

          I'm not saying they aren't more risky, but that return is out there (however skill or other conditions might be needed).

        • mysterytal on 24/02/2018 - 16:43

          @TheMostHated:

          Thank you for your response.

          I do have some of my super invested in commercial real estate and I'm seeing some reasonable returns. I think investing with thousands of other people into hundreds of properties is a better way of mitigating risk so I don't mind doing that and being in super I don't have to have any knowledge of commercial property as the super fund manager should know about that.

          I'm seeing returns in my super of about 6%. Not too bad.

        • [Deactivated] on 24/02/2018 - 20:41
          +27

          Being a millionaire in Syd means nothing, you can't even buy a house!

        • ozzpete on 24/02/2018 - 23:14
          +7

          @blaccdong:
          Being a millionaire (1 million of assets&cash) is not alot really anywhere in Australia these days. Wouldn't most families technically be able to say they are 'millionaire' (having assets totalling 1mill+)
          To have a million at 27 is doing well though.
          I'd say 1 needs about 3million these days, to retire with partner comfortably, but not extravagantly.

        • Harold Halfprice on 25/02/2018 - 13:11
          +1

          @ozzpete:

          Yeah, if we consider a home to be an 'asset' then a lot of people/families are suddenly 'millionaires'.

          But a home is a necessity. Median market value of a house should be subtracted from your net worth - and then, not that many people are millionaires any more.

        • rizza on 25/02/2018 - 16:00
          +2

          @blaccdong:

          Having a million in assets and a million dollars to invest in the right areas are two COMPLETELY different things.

        • abb on 26/02/2018 - 09:16

          @ozzpete: These days you aren't really a millionaire unless you have $1M p.a. income

        • ozzpete on 26/02/2018 - 11:34
          +1

          @ILikeBargenz:
          True, but I dont think OP mentions where his million is. Maybe million including his house value and bussiness value.
          Or maybe he has million in accessible cash… in which case >>>>> bet on black :) double it instantly at casino

        • jason andrade on 28/02/2018 - 21:16

          @mysterytal:

          This intrigued me because you aren't wrong.. but you aren't right either.

          • There's a number of commercial properties where the return is > 3% (you can see values ranging from 4-8%)
          • Car parks can return this as well as the net is low

          "Gambling" on the capital value - well every asset class is gambling by that definition ?
          - cash is a gamble you always lose on
          - commodities (gold, silver)
          - classic cars, coins, stamps ?
          - shares..

          So lets stipulate it isn't a gamble if you're buying a property which is positively geared such that if the capital value were to fall, you would have time for it to go back up (and still have returns in the meantime).

      • SimpleRoger on 27/02/2018 - 21:47

        It really isn't, people have easily made 2 times profits in the crypto world, with very safe investments, now's a great time btw.

    • SimpleRoger on 27/02/2018 - 21:48
      +1

      No way he's dreaming, 15% is too little, easy 200% return if anyone enters the crypto market right now.

  • angelkulit025 on 23/02/2018 - 16:30
    +23

    establish a new religion!

    • shamid202 on 23/02/2018 - 16:30

      done. what else?

      • Cluster on 23/02/2018 - 16:52
        +41

        That was quick. Where do I send my money?

        • lovesabargain77 on 25/02/2018 - 12:29
          +29

          Happy Dude
          742 Evergreen Terrace, Springfield

      • poboy on 23/02/2018 - 17:23
        +4

        Put the proceeds in launching a new cryptocurrency.

        • pln on 23/02/2018 - 17:55
          +4

          Auscoin!…"You buy the coin, then when it goes up and you’re happy with your return, you have to sell it" = Easy peasy!

        • Third_Gear on 23/02/2018 - 19:22

          @pln: lol. Auscoin….

        • Kangal on 24/02/2018 - 23:59
          +3

          @pln:

          Nah, more like OzCoin.
          A cryptocurrency for all OzBargainers!

        • ozzpete on 26/02/2018 - 20:05

          @Kangal:
          Boganbucks cryptocurrency for the purchase of thongs,beers,bongs

      • Scrooge McDuck on 24/02/2018 - 10:57
        -5

        You might want to take a grammar course before you "do" another investment.

    • Cluster on 23/02/2018 - 16:51
      +30

      The Church of Ozbargainology. All Hail The Eneloop!

    • ozzpete on 24/02/2018 - 23:15
      +1

      And then register the religion as not-for-profit and pay no tax lol

  • sw0rdy on 23/02/2018 - 16:31
    -1

    Telstra shares

    • shamid202 on 23/02/2018 - 16:33
      -5

      its been going down for months

    • blackfrancis75 on 23/02/2018 - 20:56

      didn't you hear? they've cut their Divs to pieces

    • [Deactivated] on 24/02/2018 - 20:44
      +2

      Check out A2M shares, it went up from $8 to $13 in 2 days last week.

      I made $25,000 on Friday.

      • illumination on 25/02/2018 - 00:51

        Daym what else is good to buy??

        • [Deactivated] on 25/02/2018 - 11:05
          -1

          JAT & BIG

        • CrocDundee on 25/02/2018 - 22:22
          +2

          @blaccdong:

          Funny enough KGN (Kogan) is also a really good buy! Got in at $2 a little over 6 months ago.. Not paying the best dividend but the capital growth has been massive!

          Even though Telstra went down on their dividend, their share price adjusted accordingly as well so is still good to gain a solid investment! The dividend return is still about 6-7% which is far better than the banks!

        • xShrew on 26/02/2018 - 15:47
          +3

          @Tuhan: I love Kogan and it's had a stellar run recently - but be careful. Currently trading at a P/E of 82.64, I think a lot of their current price is due to their reputation and perceived value they're offering consumers and not necessarily forward earnings growth. A correction wouldn't be unexpected!

        • CrocDundee on 26/02/2018 - 16:52

          @xShrew:

          Yes agreed! They also had a stellar day today! Up almost 10%!!

        • SimpleRoger on 27/02/2018 - 21:50

          Get out of the stock market asap, and go into the crypto market, i'm not even kidding, don't regret it now's a great time.

        • CrocDundee on 28/02/2018 - 09:57

          @SimpleRoger:

          Hahahahahahahaha… All I can say is be careful with whatever you try to invest your money in. Don't be greedy and set limits. Then repeat the process.

        • [Deactivated] on 01/03/2018 - 20:24

          @Tuhan: Have a look at A2M & BAL, and their recent FH results. I don't invest in retail so no comment about KGN.

        • CrocDundee on 01/03/2018 - 20:25

          @blaccdong:

          I've heard good things about A2M. I personally haven't invested in it but looks solid! Haven't come across BAL before. Will check it out..

  • cocomelon on 23/02/2018 - 16:32
    +2

    ripple cryptocurrency

    • shamid202 on 23/02/2018 - 16:34
      +15

      if i wanna lose it all

      • [Deactivated] on 23/02/2018 - 16:35
        +1

        How and why?

        • shamid202 on 23/02/2018 - 17:33

          it went up more than 1000% in past months. it should rest at least for a year time before going up

        • srhardy on 24/02/2018 - 07:56
          +1

          XRP is bad long term investment. You dint need to use it to use the protocol.

          Its massivly premined and the company will make money on the protocol but banks dont need to use XRP

        • Haters.Inc on 24/02/2018 - 17:19
          -1

          @srhardy: 100% this. There are so many more promising crypto currencies and projects. Why would you buy XRP?

        • Lockieasy on 26/02/2018 - 10:35
          -6

          @srhardy: Western Union, Moneygram and others are already testing xRapid using XRP you idiot.

          It's not specifically for banks, it's for any company moving large sums of money.

        • Trying2SaveABuck on 27/02/2018 - 09:14

          @Lockiez:

          As someone who owns a little bit of XRP - all cryptocurrency investments are very high risk - Ripple is one of those currencies that could either take off or end up worthless if you ask me putting a few dollars into it that you would normally spend on a night or two out is worth the gamble but i wouldnt put my life savings on it

          A lot of cryptocurrency investors dont like it because it isnt fully decentralized and not a pure 'crypto'currency in that sense but it is being used and applied so it might be worth something one day but it probably be wont but someone said the same thing about bitcoin in 1992 and if you brought $200 of it then you would be able to retire now…

          If you ask me it is probably better then playing the lotto

    • crob on 26/02/2018 - 12:57
      +1

      nar, Ethereum

      • secondstory on 26/02/2018 - 15:41
        +6

        Doge

        • crob on 26/02/2018 - 16:07
          +2

          wow… so good

      • SimpleRoger on 27/02/2018 - 21:51

        That's one of the worst cryptos to invest right now.

  • [Deactivated] on 23/02/2018 - 16:34
    +63

    You must be unistudent1's long lost prince.

    • Hardly Normal on 25/02/2018 - 13:35
      +3

      Just because I have an AMG and don't accept advice after asking for it!

  • volcanoeqcycle on 23/02/2018 - 16:35
    +17

    put in on black

    • Cluster on 23/02/2018 - 16:50
      +5

      I keep putting it all on yellow, and losing every time. Don't know why.

  • stemcell on 23/02/2018 - 16:45
    +40

    Those Nigerian dollars won't get you very far, perhaps invest in a financial advisor rather than posting on a forum where the majority don't have two biscuits to rub together.

    • [Deactivated] on 23/02/2018 - 20:38
      +13

      I have 3 biscuits! They got to last me a week.

      • magic8ballgag on 24/02/2018 - 08:16
        +4

        On special at Coles?

        • [Deactivated] on 24/02/2018 - 14:22
          +3

          Of course

      • ozzpete on 24/02/2018 - 23:25
        +5

        I have several biscuits left from the free dried dogfood deal . Rubbing them together atm :)

    • ozzpete on 24/02/2018 - 23:23
      +1

      I agree, asking untrained people for financial advice on what to with large sum of money is unwise.
      It also seems like he wants a great return with no effort on his part (as I think he said he hasn't got the time).
      My older brother did very well finacially, retired young. However he has an MBA and did very well with investing the wage he earnt working for mining company. Im pretty sure he would have put alot of mental work and research effort into investing well though.
      If someone is hoping for high returns, with no effort/work , and no sound investment advice…. Well join the cue. I think we all would be onto that IF it were a reality

    • Hardly Normal on 25/02/2018 - 13:36

      This comment should be higher.

    • iDroid on 26/02/2018 - 10:19
      +2

      Poor: Having too much month left at the end of your money.

  • Cluster on 23/02/2018 - 16:49
    +13

    You can lend money on RateSetter for over 9%pa over 5 years. After fees it'll be just over 8%, and of course you pay tax on that. Risks? You're lending to others via RS. People may default on loans. RS claims to have a provision fund big enough to cover expected bad debts.

    • lousy on 25/02/2018 - 09:15

      Anyone try this ?

      • AbsX on 25/02/2018 - 15:53

        I have about 11k at the moment in the 3 year market generating 7.9% after fees. Actual rate is a bit less because they hold on to your money for 3 days before borrower payments reach your account.

    • Oz80085 on 25/02/2018 - 18:51

      The rate setter rates are shown AFTER fees. The only thing that may reduce your overall income is how much of a delay there is when reinvesting payments.

      • Cluster on 25/02/2018 - 23:27

        Ah, okay. I've been using Rate Setter for about 18 months but missed this somehow. Always thought the fees were deducted from the rate shown, not before.

  • John on 23/02/2018 - 16:51
    +24

    Go to Bali and be a billionaire

    • battler on 23/02/2018 - 17:09
      +22

      go to vietnam and be a 17 billionaire

      • mbck on 23/02/2018 - 17:27
        +63

        Go to Zimbabwe and be lynched

        • toristo on 23/02/2018 - 18:54
          +8

          That escalated quickly, and I'm normally the first to endorse bikies….

        • No ONE on 24/02/2018 - 16:21
          +1

          Go to to Iran, you would be 29 billionare

        • sky blu on 24/02/2018 - 18:30
          +10

          @No ONE: Said no one ever…

  • [Deactivated] on 23/02/2018 - 16:52
    +6

    Pyongyang Bargain will soon have an IPO soon
    Please invest

    • Cluster on 23/02/2018 - 16:56
      +4

      IPO? Pfft. That's so 20th century. We disrupt here on OzBargain. Everyone join PyongyangCoin ICO!

  • [Deactivated] on 23/02/2018 - 17:30
    +11

    I'm filing this thread under 'C' for circuitous statements, alongside the 'what to pack for my world holiday trip' rhetorical question.

  • JimmyF on 23/02/2018 - 17:57
    +86

    I am a 27 year old millionaire

    Self made? Then why do you need advice?

    • subywagon on 23/02/2018 - 18:22
      +6

      My thoughts exactly…

    • JIMB0 on 23/02/2018 - 21:49
      +152

      He's not really looking for investment advice, he's looking for attention.

      • JimmyF on 23/02/2018 - 22:27
        +41

        I'm aware…. wanting someone to stroke his ego. Its what all these threads are really about.

        • peterpaoliello on 25/02/2018 - 12:13
          +1

          Agree, Why else would they mention it, adds nothing to the discussion.

        • Hardlyworkin on 24/02/2018 - 10:06
          +8

          Have you enjoyed your twenties? Really lived life and made a lot of crazy memories?

        • BartholemewH on 24/02/2018 - 13:49
          +3

          @Hardlyworkin:
          Exactly. Don't listen to anyone spouting 30's the new 20 or 40's the new 30. That's BS.

        • secondstory on 26/02/2018 - 15:45
          +1

          That you Alex?

    • Tyrx on 24/02/2018 - 11:01
      +2

      The OP made his wealth off the back of cryptocurrencies, so I wouldn't really call him self-made - that's like calling a lottery winner a self-made millionaire. I doubt he has much financial intelligence based on the fact he "invested" into XRP in the first place… Give him a few years, and I assure you that he will have wasted that money. Regardless of that, it doesn't even sound like an impressive amount of money considering he's thinking about giving away investing 10% of it into a franchise.

      • JimmyF on 24/02/2018 - 12:13
        +8

        hahahah franchise? Really!? There is only one side that makes money out of a franchise, and that isn't the one buying into it ;)

        Ok didn't know, couldn't be bothered to read OPs older posts to see how they made the money. So pure luck then.

        My point was, if you self made this money, then you don't really need advice. I guessed it was some lotto/handed to them money based on the question and the wanting to make 15% return on it (later edited down to 8%).

      • A fish on 25/02/2018 - 10:40

        Jelly boy worked hard his whole life and has nothing to show for it

      • secondstory on 26/02/2018 - 16:08

        Give him a few years, and I assure you that he will have wasted that money.

        Lotto was my first thought - for which it would be quite reasonable to ask for advice/opinions on a forum presumably full of financially savvy people to try avoid this very situation.

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

        And what is wrong with XRP?

    • lousy on 25/02/2018 - 09:16

      Just bragging on here surely

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