is this what the average robot would do if they inherited two million dollars?

Kek. I would definitely get prime pussy with it but I would not just give 100k for nothing. Id offer 1-2k to some sluts from my city that Ive wanted to fuck since highschool

I'd just buy a house and a Camry, tuck the rest away for retirement. Two million isn't
enough to never work again.

>>82193898
Yeah it is. A return of 8% would be enough to live on indefinitely.

>>82193859 (OP)
I would buy/build a nice house in a small town on a sizeable piece of land. The rest would be invested so I never have to work and can live off of the returns.

Where are you getting this imaginary 8% return that still allows for growth above inflation?

>>82193921
sp500 return for the last 20 years was 8.4% (5.7% when adjusted for inflation)

>>82193921
8% is not even that extraordinary. You obviously have to raise the amount you withdraw every year, but since the investment is growing it will still last you until death. You just wont have any left to give away when you die. 8% is a lot too, you could realistically live off 5% comfortably if you dont have retarded expenses.

>>82193859 (OP)
I'm just gonna put all the money into index fund. Won't even spend a single penny for foids or any vices

>>82193906
yeah i'd stick it all in the bank at 8%, keep working for a year to let it build up, then retire somewhere cheap.

>>82193898
>Two million isn't enough to never work again.
if you're completely retarded i suppose that could be true

>>82193859 (OP)
i dont really have anything to spend money on but i certainly wouldnt be giving it to women

>>82193859 (OP)
I'll look for the shittiest cheapest places around town and I set up my own bat cave like neet caves and I set up a server so I can access my shit from anywhere
Then whenever I get tired of living in my neethole I move to the next

>>82193859 (OP)
I'd buy a small condo or house in a LCOL area with good internet and live the exact same way I currently do but with a slightly nicer computer. Invest all the rest split between SP500 and my own trading.
>>82193898
>>82193921
Treasuries at 4% is 80k a year, if you can't live on that you're dumb. Real returns on treasuries are usually in the 1.5-2% range, the ZIRP era was an oddity. Even without using treasuries SP500 or any low cost total market fund like VT or VTI will have positive real returns over any large enough time period. 2 million is more than enough to retire on as long as you budget to some extent.

I'd just save most of it and bedrot. I don't really care about the real world so it'd probably be enough to exist until death.

>>82193859 (OP)
Nothing. I would relax. I would sit on my ass all day. I would do nothing.

>>82193859 (OP)
I have two million but I am a greedy cheapster. Although I do spend about 2000 per month on morbidly obese women

>>82193859 (OP)
1Mil in ETFs (80% S&P500, 20% World)
800k in Inflation Bonds
200k Spread over multiple Savings accounts

Retire
Spend my days drawing, doing gamedev and 3D.
It'd be the fucking dream, man.

>>82193898
just go live in the third world, 1 million is enough to chill out as an expat for life.

>>82194343
>bonds

Lololol retard lolololol

>>82194383
well, Bond ETFs
who buys straight bonds anymore

>>82194383
800k in TIPS guarantees him 800k real dollars for the duration, the only reason it's retarded is because he's allocating way too much into it. 200k in savings accounts is the absolute dumbest fucking thing he said though. There's no reason for it to be in multiple accounts either.

>>82194409
Thats a little better. Still dont know why youd buy any bonds rn with current interest rates but ight

>>82194409
Oh nevermind you are retarded I can't believe I defended you. Bond ETFs don't have a maturity. You can get permafucked if rates go against you for long enough. Plus you're paying some fuckwit to buy bonds on your behalf for no real gain. Just buy short dated bonds when they're at a good rate or long dated ones at a great rate. It's not fucking rocket science dude.

>>82194418
Meh, its always good to have some money in a cash account. Nothing is certain. In my country that money is guaranteed through securities

>>82194441
No, it's not. You should have cash on hand for 3 months of expenses. If you want safety buy short dated treasuries. Treasuries are just literally dollars + interest and will never be illiquid. Even if you're not in the US, you can buy treasuries instead of holding on to cash. Cash is trash.

>>82194469
>treasuries instead of just keeping a small reserve in a high interest savings account

Then id be paying more tax on it.

>>82193906
This and I would also bond more than one osrs acc, I'd just do nothing but chill and play vidya games for the rest of my life.

>>82194491
The lowest risk instrument is government debt, if your savings account pays more than your government's debt then you are incurring risk somewhere. If you want safety, buy sovereign debt; if you want return, buy stocks. Savings accounts are never the correct answer. Unless your country has a super fucked up tax code that somehow advantages savings accounts against your government's debt, you're not making the right choice.

>>82193859 (OP)
I could do nothing for a long time with two mill. Probably move to a cheaper country and finally live a good life

>>82193859 (OP)
I've thought about what i'd do with one mil. I'm sure i'd indulge in some dumb shit the first few months and be a little careless but my expenses are low. I'd buy a used car, make sure it runs and everything, and maybe invest some of it. Work a regular job and not mention it, to keep the illusion of being broke all the time.

>>82194525
But im not in duration terms with a savings account. The rate of a treasury is not high enough right now to warrant an offset to the taxes Id have to pay on it

>>82194579
You can buy treasuries at whatever duration you want. They're currently between 4 and 5% and I'm really not understanding how you have taxes on them that you aren't also incurring from your savings account. You can also buy your country's debt which I'm assuming has a better tax rate than USTs for you. Do you just not get taxed on savings somehow?

>>82194610
>>82194579
Actually, why are you even talking about duration? If you buy a 30yr and sell it tomorrow, you get the interest it should have paid for that one day minus a small discount via the value of the bond. If you look at bond funds you can see the share price oscillates with time, peaking right before the payment and immediately hitting a trough. The only reason duration matters is if rates change while you're holding the bond, but you can negate that by only buying near term bonds.

>>82194469
>>82194418
With $2M who gives a fuck
Like actually who gives a fuck

I live just paying utilities/occasional repairs plus I get free healthcare AND insurance.
With $2M I'd quit TODAY and just retire.
Even adjusting my spending for inflation it doesn't fucking matter.

>>82194625
>why mention duration
You just answered your own question
Also, yes there are tax credits available

>>82194654
I give a fuck because this is literally what I do all day for fun lmao. Maximizing investment return is a lot of fun.

Imagine taking financial advice from an incel

>>82194658
But I didn't. You only have risk from the interest rate if you buy a long term bond and get forced to hold it. Buy them a month out and you have no real risk. If your country is retarded enough to advantage savings accounts then fine, but holy shit is that a dumb fucking tax code.

>>82194720
>buy shit rates cause i said so and lose on returns
k? also, how is it dumb?

>>82194756
4% is pretty good and near term means it doesn't matter if inflation continues up because you constantly roll into higher rate bonds. I don't know what country you're from so I can't say much about your government's bonds, that's why I'm focusing on USTs here.
It's dumb because it grants special status to one form of investment over another for no apparent reason. Why not give special status to share ownership, sovereign debt, etc? It's a handout to the banking industry which is distortionary. If you want to give special status to something, do it to dividends to encourage participation in the stock market. That doesn't distort any one industry and still encourages investment flow.

>>82193859 (OP)
>buying a duplex
>near-guaranteed income forever
not such a sure thing in california where a nightmare tenant could ruin you, landlording isn't actually "passive income" at all.

>>82196119
Do you speak from experience?
Original af bruh

>>82196646
I vaguely knew someone who used to scam landlords in CA using various legal loopholes but I don't remember all the details. I do know that when my parents used to rent out a halfplex they would exclusively rent to tenants through a university-associated mailing list to filter for trustworthy respectable people.

>>82196119
Yeah landlording is shit because of all the tenant protections and populism is getting stronger these days so retarded rent control is on the horizon. Better to just buy a REIT that handles commercial property if you really want real estate exposure.

>>82193859 (OP)
buy a house or a condo somewhere and use the rest for living expenses for life
I'm a NEET so I'm always worried about running out of money, I'm not convinced I can earn it

>>82197527
you can make it last the rest of your life anyways. even ignoring easy investments, if you own your own place it's now a matter of how frugal you're gonna be.

I'd buy a house, pay off my student loan, and invest the rest.
I'd still work my job. 2 million isn't enough for a lifetime.