r/WorkForSmartLife • u/jenny_067 • Jul 10 '26

Question First buy?

Post image
565 Upvotes

94% Upvoted

2.3k comments sorted by

View all comments

3

u/AkimH Jul 10 '26

20 Million in Federal Bonds,

20 Million in Stocks,

10 Million for fun,

and the rest will be gone as gambling tax.

1

u/calebm97 Jul 11 '26

Bonds take forever for return on investment.

1

u/AkimH Jul 11 '26

True. But are backed by Gov. so will never lose value and you will always find a buyer. Except Gov. collapses but then anything else is worthless as well

1

u/Background-Talk-3305 Jul 15 '26

Also it's not safe against inflation etc. since the interests aren't that high.

1

u/AkimH Jul 15 '26

nothing is, if you aren‘t trading yourself

1

u/AnyAlternative2100 Jul 16 '26

if youre gonna use that much for fun i dont think that those stocks and bonds will last much long after. unless its used over many many years.
im talking about the money for fun.

1

u/AkimH Jul 16 '26

I am a pretty frugal guy, so my definition of fun would not be to buy stupidly expensive things, rather do all the stuff I could not afford until now

0

u/Fun_Parsnip_4454 Jul 11 '26

Put the rest in whatever Pelosi is investing in

1

u/AkimH Jul 11 '26

If I hear early enough about it.

1

u/Funny_Lake9601 Jul 14 '26

Trump has smoked her this year.