Let's say this money is gained through inheritance and is clean 4 million after-tax etc
my country is developing and there is no legit financial advisor other than bankers trying to sell me deposits or mutual funds or influencers trying to scam me or insurance (i have insurance for health and vehicle already btw)
let's say that my expenses and income are break even so no more saving but not leaking money either
the break down is 1.1 million on the dead-end property (hard to sell been trying to sell for 5 years now) property used to be a good investment 2x in a year and used to be possible at the height of the bubble now the bubble has burst and now the 20% a year is already good
around 200k is invested in country bonds with an interest of around 7% another 200k is going to stock but currently, I am in a floating loss (I suck at stock tbh best I can do is break even sigh...)
then I had 500k in cash and still don't know what to do with it theyre sitting at a big bank with a short-term deposit of 1 month with auto-renewal that can be canceled anytime
the rest 2 million is in a prime property but I can't sell them
the current plan is to try to liquidate the dead-end property by maybe selling it at a lower market value or hoping the market turns around
with cash maybe put some into dollars or gold but to idk how to store them
any other investment vehicle I miss?
my goal is to reach the 10 million mark
i have no debt and my risk tolerance is about 25% of the original investment
Submitted September 27, 2023 at 12:49AM by OkAd5119 https://ift.tt/VkHC8Ie
