P.S. Put your money in BTC, then you can cash it out here through one of many local exchanges, although I recommend you go through mine; better rates.
Topic: I unexpectedly inherited £290,000 and I never dealt with this much money help? - page 2. (Read 3777 times)
May 30, 2014, 11:39:49 PM
Migrate to my country. I'll provide armed security.
P.S. Put your money in BTC, then you can cash it out here through one of many local exchanges, although I recommend you go through mine; better rates.
P.S. Put your money in BTC, then you can cash it out here through one of many local exchanges, although I recommend you go through mine; better rates.
legendary
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May 21, 2014, 03:55:57 AM
Thank you all for gettting back to me now Ill have to stop talking about, got me an advisor and he said not good that I mentioned it. So Ill have to ask the Mod to delete this for me and ill join community and make some sensless chat.
Well I hope that things go well for you regardless and it does make sense not to ask random people for financial advice in retrospect
I hope that you are able to do well and save your fortune till you retire Mate.
May 21, 2014, 01:58:30 AM
Don't buy real estate as an investment, at least in Europe.
Look at long-term demographics in Europe. It's not good, while houses are still being build. Which means they have to get much cheaper sooner or later.
It's obviously possible to profit immensely in short term, but it's hard to spot the point when to sell, and real estate is relatively illiquid, especially during falling prices. Renting is a pain in the ass.
Look at long-term demographics in Europe. It's not good, while houses are still being build. Which means they have to get much cheaper sooner or later.
It's obviously possible to profit immensely in short term, but it's hard to spot the point when to sell, and real estate is relatively illiquid, especially during falling prices. Renting is a pain in the ass.
May 21, 2014, 12:07:16 AM
1st of all, congrats on your inheritance!
I`d take a month to just lay over the rush of having big money. Keep doing what you need to do go to work etc.
2nd pay off your loan, and other things that you need to take care of obviously. Set aside money to pay off all the bills for 1 year - this should be some comfort room of some serious thinking on what you want to do during this time.
Our financial advice to you should be always be considered by other professionals.
I personally would just buy a small place and rent it out, so you can continue a comfortable cushion for cheap. or buy mortgage back securities. Look into taxes and all that stuff.
I`d take a month to just lay over the rush of having big money. Keep doing what you need to do go to work etc.
2nd pay off your loan, and other things that you need to take care of obviously. Set aside money to pay off all the bills for 1 year - this should be some comfort room of some serious thinking on what you want to do during this time.
Our financial advice to you should be always be considered by other professionals.
I personally would just buy a small place and rent it out, so you can continue a comfortable cushion for cheap. or buy mortgage back securities. Look into taxes and all that stuff.
May 20, 2014, 10:31:33 PM
Just going through posts here that we (rentalstarter) were mentioned on.
We are/will be offering 7% real estate backed loans if you're interested in a set return backed by real assets.
We are/will be offering 7% real estate backed loans if you're interested in a set return backed by real assets.
May 04, 2014, 09:53:41 PM
Thank you all for gettting back to me now Ill have to stop talking about, got me an advisor and he said not good that I mentioned it. So Ill have to ask the Mod to delete this for me and ill join community and make some sensless chat.
We don't need senseless chat.
Have fun with your money, and go slow at first.
May 04, 2014, 08:57:46 PM
Did you inherit it from a wealthy Nigerian Prince?
LOL! I couldn't help but laughing.
May 04, 2014, 11:29:37 AM
Remember most people that inherit money or win the lottery are much worst off financially, after the fact.
So do your homework if anything first.
1. Hold 3-5% in Bitcoin
2. Read the four hour work week, think and grow rich , the wealthy barber. type books
3. Make a diversified plan.
4. Execute the plan
5. Buy experiences and enjoy life.
So do your homework if anything first.
1. Hold 3-5% in Bitcoin
2. Read the four hour work week, think and grow rich , the wealthy barber. type books
3. Make a diversified plan.
4. Execute the plan
5. Buy experiences and enjoy life.
May 03, 2014, 03:32:54 PM
buying a house could be a really bad idea, especially if it'll cost him everything he has.
Better to take advantage of the low rates (assuming that is true in the UK as well). Get a 3-4% loan on a home then try to beat that in interest or earnings. NO, no no no no no no no no no NO.
DO NOT DO NOT DO NOT DO NOT TAKE A LOAN OUT DO NOT DO NTO DO NOT.
Did you get that op? DO NOT TAKE A LOAN OUT, if you go into debt after getting this cash i will take a trip over there and bitch slap some sense into you.
Do not for the love of god take a loan out. Look for a well priced house that doens't cost more than 60% of your networth, imo even less.
Once you spend your money on a house it's gone and turning the house back into cash is a hassle.
a loan only makes sense if he has enough income to buy a house, and a backup plan if that income does not follow through.
May 03, 2014, 02:28:44 PM
Thank you all for gettting back to me now Ill have to stop talking about, got me an advisor and he said not good that I mentioned it. So Ill have to ask the Mod to delete this for me and ill join community and make some sensless chat.
May 02, 2014, 02:54:33 PM
Invest some in firearms. They never ever ever Lose value.
May 02, 2014, 02:38:08 PM
Seek a financial adviser or maybe even a trustee. The money might be taxable as well.
I would seek professional help in how to invest, use, and if necessary donate (tax breaks for donations).
I would seek professional help in how to invest, use, and if necessary donate (tax breaks for donations).
May 02, 2014, 01:17:23 PM
buying a house could be a really bad idea, especially if it'll cost him everything he has.
Better to take advantage of the low rates (assuming that is true in the UK as well). Get a 3-4% loan on a home then try to beat that in interest or earnings. NO, no no no no no no no no no NO.
DO NOT DO NOT DO NOT DO NOT TAKE A LOAN OUT DO NOT DO NTO DO NOT.
Did you get that op? DO NOT TAKE A LOAN OUT, if you go into debt after getting this cash i will take a trip over there and bitch slap some sense into you.
Do not for the love of god take a loan out. Look for a well priced house that doens't cost more than 60% of your networth, imo even less.
Once you spend your money on a house it's gone and turning the house back into cash is a hassle.
May 02, 2014, 12:59:34 PM
buying a house could be a really bad idea, especially if it'll cost him everything he has.
Better to take advantage of the low rates (assuming that is true in the UK as well). Get a 3-4% loan on a home then try to beat that in interest or earnings. NO, no no no no no no no no no NO.
DO NOT DO NOT DO NOT DO NOT TAKE A LOAN OUT DO NOT DO NTO DO NOT.
Did you get that op? DO NOT TAKE A LOAN OUT, if you go into debt after getting this cash i will take a trip over there and bitch slap some sense into you.
Do not for the love of god take a loan out. Look for a well priced house that doens't cost more than 60% of your networth, imo even less.
May 02, 2014, 12:23:53 PM
Don't do anything until you know what to do with it....
May 02, 2014, 12:15:39 PM
buying a house could be a really bad idea, especially if it'll cost him everything he has.
Better to take advantage of the low rates (assuming that is true in the UK as well). Get a 3-4% loan on a home then try to beat that in interest or earnings. May 02, 2014, 12:02:09 PM
buying a house could be a really bad idea, especially if it'll cost him everything he has.
May 02, 2014, 11:55:12 AM
Buy a house straight up, this is the first thing you should do. You should never be in debt again ever. 5% of your networth should be gold.
May 02, 2014, 11:31:15 AM
Damn, if you graduated with a master's in physics and you are currently working in a mall, then you are doing better than most science grads. Most of my scientist friends lost their jobs when the funds were diverted into global warming research because actually fixing pollution would be too easy.
Pay off your loan.
Use 5K and take a really nice vacation. Travel somewhere you've always wanted to go.
Avoid stocks like the plague unless you know something about them
Put 30% into a mix of gold, silver and bitcoins.
Put the rest into something that pays interest. Look at overseas banks, especially norway and hong kong.
Enjoy the rest of your life.
Pay off your loan.
Use 5K and take a really nice vacation. Travel somewhere you've always wanted to go.
Avoid stocks like the plague unless you know something about them
Put 30% into a mix of gold, silver and bitcoins.
Put the rest into something that pays interest. Look at overseas banks, especially norway and hong kong.
Enjoy the rest of your life.
May 02, 2014, 11:08:56 AM
Day-trade alt coins (and BTC), and you will be set for life. 
Seriously, that is a real plan only if you learn how to be good at trading.
Congrats on your good fortune.
Seriously, that is a real plan only if you learn how to be good at trading.
Congrats on your good fortune.
That's like the worst advice you could ever give someone lol
Probably. It's rare that you can make a daily income off just trading coins. Most people who 'day-trade' actually lose money in the long run. It's not much different to gambling really.
Those who day trade usually try to execute pump and dumps to make a lot of money.
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