What would be the best way to use a 3.5 million inheritance to generate passive income...

What would be the best way to use a 3.5 million inheritance to generate passive income? Thinking about purchasing multifamily housing for rental income but I'd like more ideas or any tips.

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Put it in 6 month cds and collect the 175k interest every 6 months. Live off that. Roll over 3.5m for another 6 months. Rinse and repeat.

I know this will probably be ignored, but invest in me. I've got really good brain babies that I genuinely think could be successful. I went through a long drug addiction and got several charges for carding/identity shit so I cant get loans or anything. I'd be willing to make you a pitch. I'm a narcissistic mind controlling man who dominates the weak mentally and I have plenty of ideas to turn that skill set into money with investment. I know that sounds sketch to invest in but honestly, I don't work at all. Everyone thinks I do because I float by on manipulation etc. Lmk bro

both OPs idea and 's idea should be combined.

Use about 500k to buy a starter setup (depending on local) then, depending on APY, you could go the CD route. Make sure to put some into different financial institutions, and some into hard currency as well (gold, silver, etc)

I blew my inheritance years ago on pussy, and a house that is now owned by someone else. Wish I'd known better then.

Go get a degree in finance. If you want it done right do it yourself.

buy gold

rental property is a bitch to deal with.
damaged property, shitty tenants who don't pay rent or cause other problems... it can be a fucking nightmare

managing rentals is a job. you're literally asking if you should turn 3.5 million into a full time job instead of retiring. you're too stupid to advise.

Alright Jeff Lowe

shit advice and they don't know what the fuck they're talking about. if you want to sit on it do mutual funds insted of CD's. go with a company that has yet to take a bailout, like statefarm which is something like the 35th largest company world wide.

so. if you have kids or people you want to leave a little something then life insurance policies can be utilized. with some policies you can leverage against the benefits and there is no tax on life insurance benefits.
to paraphrase it, it's building equity on your inevitable death.

say i want 500k in coverage/benefits. I'm in my early 20, no health problems, non smoker. low risk candidate.
when you break down the numbers, set up accounts to pay the payments you'll be putting in something around 160k divided out over 10 years to "mature" it.
basically make the benefits available in full.
at which point, when mature, i can take out loans leveraging the benefit settlement.
basically making money in thin air.
it's the type of crooked finance trick that fucked the housing market. get a piece while you can. an insurance agent will gladly investment large amounts of time explaining the benefit of doing this because that agent gets a commission before the benefits are paid.
same thing Madoff used to motivate brokers who in turn talked people into buying in on his scheme.

Do I need to google this dude and take lessons?

Invest in toilet paper.

>multifamily housing
AKA nigger housing with headaches

You can get a decent home in SF bay area for about 1.5 million that will get you 4 - 5k a month.
Then set aside 150k for expenses
Then put the rest into dividend earning value stocks like JNJ, PG and utilities. You'll earn 3% per year off that.

Decent coin for a comfortable life.
You can give a property manager 10% and not worry about dealing with anybody.
But in SF bay area, you rent to good people who don't cause hassles.

This. So much this, but look into mutual companies instead of stock owned companies. Watch out for taxes OP

now take into consideration you can even insure other people and other people's property where you are the beneficiary.
and you have financial control over the policy without even the other person knowing about the agreement.
people die.
and when you can leverage the benefits who knows how far along the future, and take a loan out against it now.
it's brainy work. but you can be set for life and then some.

take advantage of the rules while we still can because they will end up being changed after it causes another recession and idk about you but think of how pretty you would be sitting if you had the assets available to invest when the economy was tits out and on it's knees.
land was cheap as fuck for several years after the housing collapse. the difference between those numbers and the ' recovery ' was dimes to dollars.

fuck renting. buy it to sell it or fuck people over with rent to own and just write out a really solid contract to your benefit. like they left their trashcan out front after several warning, HOA decided they had to leave. keep the down payment and sue them for damages then resell the bitch.

put your kids in a Montessori, feed them organic granola and turn the little cunts into trustafarians

Go all in on LINK

Hey OP.
You want safe, boring, low risk investments. this is the right track to start you off.

Ignore fuckers like this, . There is no end of people who've always wanted to open their waffle on a stick shack that's sure to make bajillions of dollars and all they need is just some start up money that they surely wont immediately drop on some blow and jack daniels.

Also, never, EVER, tell any friends, family, acquaintances, strangers, etc. about this money. If some already know, then they already know, but don't add to that pool.

There's a post floating around about what to do if you were "unlucky" enough to win the lottery. You want to look that up.

Prior to the current fuckery going on I'd have said low risk bonds. Now though? invest in a really diverse stock portfolio focusing on stocks that are likely to survive the collapse, so another 1/4th on bonds, do 1/4th in precious metal futures, and keep the rest liquid in a series of savings accounts.

Buy a humongous amount of Chain Link
Dyor you won't regret it OP

I'd take stocks that pay dividends over real estate/rental properties, but that's just me.

Buy a $1million house.
Sell 200,000 tickets at $10 each.
Collect that $2million.
Take the money and run.

Pay for a real advisor company like Ritholtz Wealth Management.

Don't Fuck around w/ that kind of money as an ameteur.

You'd have to be a damned fool to see this pitch as anything but a red flag to stay the fuck away. Not sure if serious but if it is, within the body of the text, it all says "stay the fuck away from me, I'll fuck your life up real good".

Commercial property?

I know a guy who made his wealth via real estate rentals...he agrees with you.

I have some rentals and some stocks. The rentals are not very liquid and have a 6% friction if you need to sell. AT&T stock is paying over 6% dividend right now. I don't think they are going away, even with the lockdown. Everybody pays their phone bill when they are quarantined! Hold it for over a year and you get the lower tax rate. Very safe.

Store Capital Corp: STOR

Commercial REIT reports earnings tomorrow.
Stock has taken a major hit w/ covid.

Warren Buffett has a huge stake in it.
If you can wait two years- you will make a lot of money.

If you take a position in it- do it over about 4 trades. IOW, 20%, 30%, 20%, 15%, 15%

Get your feet wet. Invest total of $40k over 4 trades. You won't be sorry.

DO NOT TRUST WEALTH MANAGEMENT COMPANIES.

Invest in property, invest in government bonds until you can learn about the property market.

Unless you're going to get someone to manage it for you, property is more hassle than it's worth.
It's by far the best investment you can make financially but be prepared for them to call you on a Friday night and tell you their plumbing is backed up.

Agreed, own the property and hire a Property Management firm, to represent you. And pay them a percentage and pocket the rest. Minus property tax and other bullshit issues!

I heard you can make real monies in runescape