You have a million bucks and are 35 years old. What do you do?

[cowrancher75]

Buy a ranch and cows.. ? :cboy:


buy a beach house and get tan?

or....................?
What would you do?

 

[Bright Raven]

Buy a ranch and cows.. ? :cboy:


buy a beach house and get tan?

or....................?
What would you do?

A million bucks is not a lot now days. Probably purchase a home and start an IRA.

 

[kenny thomas]

Forget anything to do with farming in any way. 1 million will just get you in debt further.

 

[TCRanch]

Buy a ranch and cows.. ? :cboy:


buy a beach house and get tan?

or....................?
What would you do?

A million bucks is not a lot now days. Probably purchase a home and start an IRA.

If you haven't started an IRA prior to turning 35 you're gonna have some catching up to do. Especially since (agree) $1M isn't what it used to be.

IMO if there's debt, pay it off & invest the rest, maybe splurge a little - and I mean a LITTLE. Don't live thinking you're a millionaire - because you won't be within months. Status quo and you'll always have a nest egg.

 

[Brute 23]

Be sure you are debt free and invest the rest just like your retirement. It will be a nice jump start and might let you retire out a little sooner.

Agriculture is the last place I would go with it at 35. When your retired and bored with a big ol nest of cash you can slowly blow it in agriculture until you die.

 

[sim.-ang.king]

Move to Kentuck and start back grounding those dirt cheap calves everyone is complaining about.

 

[Logar]

Get debt free (the most important part of any plan), stay debt free, buy a nice place with some land and if possible rent it out to someone responsible. Invest the rest and get a job. A million will not last you unless you do this or something like this.

 

[1982vett]

Put 25% into each of these funds.
https://investor.vanguard.com/mutual-funds/profile/VGSTX

https://investor.vanguard.com/mutual-funds/profile/performance/vwelx

https://investor.vanguard.com/mutual-funds/profile/VWUSX

https://investor.vanguard.com/mutual-funds/profile/VWEHX

Take the dividends if you must, but don't touch the $1,000,000.00 invested.

 

[ga.prime]

It would then be possible to not only plant a small dove field but to also bait it

 

[Bestoutwest]

Tell the patients at work what I think of them when they treat me like crap.

 

[JMJ Farms]

I'd probably invest half in something really safe, probably land. (I figure I can take better care of my money than someone else) And I'd probably put the other half in the bank. Then I'd forget about it and keep working like I always have, and hope to always have somewhat of a safety net.

 

[littletom]

Land really good land, not just grazing land for cows. I would see a nice return in 20 years. Lease it if scared to farm it. Be pretty decent income since it was paid for.

 

[Son of Butch]

Depends who you are and what you have. (wife, kids?)

Anyone dumb enough to ask about investing it in farming is too dumb to be allowed to touch the
money. 1 million in treasuries at 2.4% would pay $2,000 month and the 1 million principle would
still be intact and totally liquid for a rainy day on a moments notice be it next year or in 40.

In addition, shut your mouth about the money.
An extra $2,000 month is about all I'd trust you to be in charge of for now.
A ranch and cows... sheesh... :roll:

 

[CattleMan1920]

Angel investing

I would spread it out among tech start ups in Silicon Valley and Miami.

Jason Calacanis turned $100k into $100 million thanks to his seed funding in startups like Uber.

Yup, you read that right, Google it.

Tech is where it's at.

Had you put $10k into Amazon upon its IPO in 1997 AND held to today, you would have over $5 million. Google that too!

 

[Aaron]

Buy out as many undesirable neighbors as possible to keep the vermin at bay. I think I could easily get 2 of them with that amount. Maybe 3.

 

[CattleMan1920]

Depends who you are and what you have. (wife, kids?)

Anyone dumb enough to ask about investing it in farming is too dumb to be allowed to touch the
money. 1 million in treasuries at 2.4% would pay $2,000 month and the 1 million principle would
still be intact and totally liquid for a rainy day on a moments notice be it next year or in 40.

In addition, shut your mouth about the money.
An extra $2,000 month is about all I'd trust you to be in charge of for now.
A ranch and cows... sheesh... :roll:

If rates rise; which they most likely will, your treasuries will be hammered, unless of course you hold them to maturity.

Buffett thinks treasuries are a horrible investment, which they are. If you must be in treasuries, keep it to the front end of the curve, at least you will make a few pennies while limiting your risk.

 

[Farm Fence Solutions]

I had a beach house and cows when I was 35, and I ain't ever had a million bucks. Of course, the beach was on the Eel river, and the cows were MexicanXLonghorn, but there was a beach and cows.

 

[Son of Butch]

10k on Gonzaga to beat Baylor tomorrow nets $720 a 7.2% return in less than 24 hours.

 

[jltrent]

10k on Gonzaga to beat Baylor tomorrow nets $720 a 7.2% return in less than 24 hours.

Betting on sports I could pick the winner pretty good, but the spread got me just about every time. I leaned quick betting on sports is a good way to lose your money. A coworker just for fun, we would do some small sports betting and I figured I knew sports and could win. I lost more than I won because of the spread.

 

[sstterry]

10k on Gonzaga to beat Baylor tomorrow nets $720 a 7.2% return in less than 24 hours.

Betting on sports I could pick the winner pretty good, but the spread got me just about every time. I leaned quick betting on sports is a good way to lose your money. A coworker just for fun, we would do some small sports betting and I figured I knew sports and could win. I lost more than I won because of the spread.

That is how the Bookies and the Casinos make their money.