I thought this would be an intresting question.

How would you invest $1,000,000?
Would you buy Real Estate, start a business, etc...?

I would like to see some detailed plans of how you would grow your money.

Excellent question! I'm interested to see the responses to this one. I'm busy working on something, so I'm gonna post mine later.

I think first I would drop about $250k into a couple of mutual funds. Then buy up about $500k worth of real estate. Probably put $100k into buying and/or developing websites. The last $150k would be used for travel/vacations, luxuries, and to pay off any debts.

Hmmm...if $1M would fall down in my lap I would probably play it really safe and let a professional invest the money in a good portfolio with stock, mutual fund, bond, real estate, etc. I would then live from the interest and dividends. This should give at least $50K a year, if lucky. So I would be able to live the rest of my life with that money, worry-free. And then if I didn't use up all $50K a year I'd use the rest to start a business and do some other projects.

Just playing it safe. =)

In the UK, at the moment with the way property prices are going at the moment, invest part of it in property.

Interest rates are a bit low for savers at the moment, but if you put quite a chunk away, I reckon you could still live off the interest alone if you are careful.

Personally,

I would put a large portion into property.

Some if it for luxuries, i.e. new car, home entertainment stuff.

The rest I would put into a high interest account, but I would have it so I could have instant access if need be.

Maybe shares as Antiphrasis says.

$1m isn't a lot of money these days. the average house in my suburb exceeds $500k and the rental return is around 2% or less after taxes etc.

I think i'd do a few courses that the stock exchange offers and play around there for a while. I wouldn't pay off my debts because i could probably earn more through being in debt as opposed to not so. land development is a big thing here in sydney australia due to the high land value and may be wirth visiting.

i'd still work though. i love dealing with people and selling a mutually beneficial product that adds value to peoples lives and property.

holidays hmmmmmm

I would hire the best experts to teach me how to turn the million dollars into fifty million dollars

I'd think you might need to hire them to teach you how to take the $750,000 to $50,000,000. Unless they defer their payment as shars of the growth.

I'd add the time frame too. Say ...... between 3 - 6 years? :thumb:

I would hire the best experts to teach me how to turn the million dollars into fifty million dollars

Smart man. :D

I would try to diversify my investments as much as possible.... some in property, some in shares and some in my own business venture/s.

I would hire the best experts to teach me how to turn the million dollars into fifty million dollars

I've wondered about this for a long time. If there's experts who know how to turn one million into fifty, wouldn't they use that knowledge to make themselves rich? And if they were already rich they would have no reason to work for you. And in a way you would only be more competition.

But let's say I'm wrong about this, how much do you think the experts would charge? You might have to use a big chunk of the $1,000,000 to pay the experts... :hmm:

I would hire the best experts to teach me how to turn the million dollars into fifty million dollars

Great thinking!!!

I would hire the best experts to teach me how to turn the million dollars into fifty million dollarsThat is an excellent idea. :D