this post was submitted on 19 Aug 2023
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Suppose you win 100 million. What do you actually do with it? Banks only guarantee 250,000. Do you have to invest it? Is there anywhere you can just let it sit and draw interest?

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[โ€“] [email protected] 2 points 1 year ago* (last edited 1 year ago)

put it in the too big to fail banks, those are likely to be bailed out completely regardless of FDIC limits.

if you give me the money, ill put 3mill in a bank and give the rest to certain political organizations....

[โ€“] [email protected] 2 points 1 year ago

You give it specifically to me so I can fund the production of a fighting game or something

[โ€“] [email protected] 1 points 1 year ago* (last edited 1 year ago)

Multiple banks, only storing what is federally insured by the FDIC in as high yield interest rate savings accounts as I can get.

[โ€“] [email protected] 1 points 1 year ago

Invest a decent chunk, find somewhere I can be away from things, set my dad up somewhere nice he can get the medical help he needs without worry.

After that, work on funding pro-womens rights and LGBT+ causes and platforms. Do what I can to help others in a position like mine, where there isn't really a "safe" place around to let the mask drop away.

[โ€“] [email protected] 1 points 1 year ago

100m $ !? Other than buying all things I and my family need, I may invest a in real estate that I could rent, and put the rest in the bank.

[โ€“] [email protected] 0 points 1 year ago (1 children)

If you have any decency, get rid of most of it, preferably to charities or political causes.

That sort of wealth in the hands of a single person is obscene, and spending it on luxury when there are people starving and homeless in the world is the height of immorality.

[โ€“] [email protected] 0 points 1 year ago (2 children)

Charity exists so that rich people can pretend to help, but also get to be a petty tyrant. Charity is scam.

[โ€“] [email protected] 1 points 1 year ago

Well, you've got to get rid of it some way, and while charity might systematically be a problem there are plenty that do genuine good.

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[โ€“] [email protected] 0 points 1 year ago

Of course first into a bank, a few million in crypto, another few million in ETF, another few million to actual brokers. Then it's time to start buying up property and renting it out at a fair rate - it's not like I don't have money invested elsewhere. All this to diversify investments.

Gotta buy my entire family houses too, so that they don't have to be wage slaves anymore. I should be left with... 50M or more?

Now the fun part starts: investing in opensource. I'd spend my time making a team to find "critical" places to invest in. Stuff where there's just little to no competition or the market is dominated by big players. Identify opensource projects that could challenge that dominance and see if groups would want to work on it full time, be it development, marketing, hardware costs, security audits, etc.

And of course travel and do lots of drugs.

[โ€“] [email protected] 0 points 1 year ago (1 children)

Can you invest with gold to guarantee it? If so then that.

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[โ€“] [email protected] 0 points 1 year ago

Invest it into the right place, to begin the unlimited money glitch, and spend the rest of my life in luxury

[โ€“] [email protected] -1 points 1 year ago

Keep trying to bring down the patriarchy!

[โ€“] [email protected] -1 points 1 year ago

i would invest it - probably in real estate or land.

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