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2010 2011 BMW 5 Series Forum F10 BIMMERPOST Universal Forums Off-Topic Discussions Board Let's say you had $1.5 million in an account...
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      07-03-2012, 08:16 PM   #89
mlifxs
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go to a financial adviser / financial planner.

Your question is too general for anyone here to give you meaningful advice that meets your circumstances. Your circumstances may include your age, your family, your objectives, the type of work you're in etc etc etc etc etc etc......

You will be placing a tremendous amount of trust in an adviser. This person should be as trustworthy as your priest or your doctor (if not more so ). Choose an adviser / planner who only gets paid a flat fee, or, if not, gain a complete understanding of how they get paid. Understand their conflicts of interest. Compare their fees and the fees of the investment products they offer.

Once you pick an adviser / planner, get INVOLVED. Learn. Your objective should be to eventually know enough to fire the adviser / planner and do it yourself, because it's not rocket science. At the very least, you want to feel responsible and perhaps rely on the adviser as a coach. A good adviser / planner will not feel threatened by this concept and will welcome the opportunity to assist you in this goal.

Never forget it's your money. If you ever sense the adviser has forgotten, go elsewhere.
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      07-31-2012, 05:59 AM   #90
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Buy a modest, but nice, home. Buy a few more BMWs.

The rest would be put into high yield and high growth mutual funds, ETFs, CEFs, and other investment products to maximize ROI. Even in this economy, mutual funds that invest into corporate debt can still yield 6-9%, depending on where you go.

I haven't thought about this at all, you can tell.
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      07-31-2012, 09:25 AM   #91
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How has no one suggested this, VEGAS!!!

Seriously though, there is no right answer, even from a financial professional. It all varies depending on your age, income potential, spending habits (both current and future) and risk tolerance.

Any meeting with a fin adviser should be them asking you a lot of questions but you also should be asking them a lot of questions as well. If someone just sits there and tells you how good they are or how great their funds are then they're just a salesperson and I wouldn't let them manage my money.
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      07-31-2012, 11:55 AM   #92
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who sayz I don't have this moneyz?
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      08-01-2012, 09:08 PM   #93
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well I have 1.6 mill, guess I'm of no use here.
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      10-28-2012, 08:18 PM   #94
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please delete thread mods
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      10-28-2012, 10:23 PM   #95
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50k cash in a safe (or hide it in your garage etc)
300k swiss bank account (you know some crazy bitch or hater will try something)
pay off your house (or get a modest one)
a rental property (for guaranteed lunch/beer money)
invest the rest (in varying amounts of risk/aggressiveness, fcuk financial advisors: cnbc is your new best friend)

and no matter what... DON'T SQUANDER IT. live like a college student it'll be enough money forever
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      10-29-2012, 06:48 PM   #96
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Why are we deleting this thread?
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      11-01-2012, 11:12 PM   #97
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With 147000 something members on E90post, there has to be at least several hundred people with 1.5 million bucks or more on here. And I bet that each and every one of them is thinking that they need at least 10x more than what they currently have to make a difference.... Thats just how it works.
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