Hypothetical but serious: what would you do with R1M?

[HawkiesZA]

What would you do with a large-ish sum of money (R1M for discussion purposes) if your main goal was financial freedom?

[EDIT]
Assume no debt for the sake of discussion.

 

[MrGray]

Depends entirely on your risk profile, age and drive.

 

[Slootvreter]

Pay off ALL DEBT, deposit for house.

 

[Thor]

Obviously, you would invest it.

Investing it what is the golden question.

 

[backstreetboy]

Bitcoin

 

[saor]

Depends how much debt you have, if any. Would be silly to make a high risk investment if you owe money.

 

[WaxLyrical]

Amazon.com shares

 

[AstroTurf]

pay debts.
buy a toy.
carry on.

 

[HawkiesZA]

Obviously, you would invest it.

Investing it what is the golden question.

Yes, that is exactly what I'm asking.

 

[bchip]

I invested in private emerging market bonds that outperform the market,
Next on my list is Asian bonds...Ive added my orders this week already but mostly just waiting for Sep.
After that there are certain courses I'm backing, which are pretty good investments
Then there are certain traders that I would back as well with my cash.

So whats the common denominator? Buy things that produce value in time,
and exclude the things that are speculative.
(besides paying off debt I haven't seen any suggestion on here that's actually not speculative)
* besides the property

 

[SauRoNZA]

Probably buy a property to rent out and bring in a consistent income.

Take the left overs and put them into Venture Capital thing.

 

[Nerfherder]

Assuming all debt is paid off... I would get a property. Either small or no bond, income for life.

 

[Rickster]

There was a "what would you do with R10 Bar" thread some time back, my answer still applies.

 

[Pitbull]

What would you do with a large-ish sum of money (R1M for discussion purposes) if your main goal was financial freedom?

[EDIT]
Assume no debt for the sake of discussion.

Buy a house cash. Rent it out. Guaranteed income and your asset appreciates as well as your income from the rental. Which you can guarantee your growth at lets say 10% annually. However, it comes with it's own headaches. But I will do that and just keep on working still.

 

[Hemi300c]

All these rental ideas are great but with the law the way it is even that is high risk these days.

R1mil isn't a lot of money either.

 

[Thor]

Yes, that is exactly what I'm asking.

I wrote an Ebook about investing.

In it I mention three ETFs.

DBXWD
NFEMOM
GLPROP

Worth a look.

 

[bromster]

Bond.

Adulting sucks.

 

[Milano]

Retire, buy a yacht, oh wait, you said Rand? Pay some municipal rates, elect, water, and buy chappies with the change.

 

[supersunbird]

I'd invest R750 000 overseas in $ (and maybe €) index mutual funds and the remaining R250 000 here in ETFs/index Unit Trusts

 

[supersunbird]

Buy a house cash. Rent it out. Guaranteed income and your asset appreciates as well as your income from the rental. Which you can guarantee your growth at lets say 10% annually. However, it comes with it's own headaches. But I will do that and just keep on working still.

This is not the way to go about it, for investing in property you use the banks money via a homeloan. And you invest the cash you would have paid for the property elsewhere.