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What's the best way to make money with unlimited budget

Discussion in 'Making Money' started by PeezyD, Mar 25, 2019.

  1. PeezyD

    PeezyD Newbie

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    Somewhat of a newbie here so if this thread is in the wrong forum please place it in the right one, I mean no harm.

    With that being said I'm in a dilemma, a pretty good dilemma. My friend's uncle won the lottery. That's right he won a $100M+ no joke. The uncle has already received his money from the lottery and started doling out cash to family members.

    My friend is in possession of $5 million in cash that he wants to invest. If I can come up with a business plan and show ROI (return on investment) and how long it takes to get back, I can probably get him to invest a cool $250k.

    My question is if you were in this position what would you do? I was thinking of maybe finding a product to sell with a good profit margin and spending the bulk of the budget on marketing or starting a small gym.

    Any suggestions? I'm meeting with him this Friday and need something on paper
     
  2. steroidjoe

    steroidjoe Regular Member

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    unlimited? send it to top 5 hedge funds.
     
  3. MisterF

    MisterF Moderator Staff Member Moderator Jr. VIP

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    Tell him to fly me out ( business class will suffice, I don't need first class for an initial meeting ) and we'll discuss this face to face.

    You need to look at a business model you have experience in, or buy into a business as an investor. Otherwise you're possibly just throwing money down the drain.
     
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  4. NirvanaWolf

    NirvanaWolf Jr. VIP Jr. VIP

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    Put it all down in real estate, make passive income and travel the world.
     
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  5. trajik

    trajik Regular Member

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    Probably you friend lose the monney in next 2 year ... Dont start business if you dont have skillz in the niche.
     
  6. PeezyD

    PeezyD Newbie

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    Already paired him with financial advisors with proven track records that can produce a 10% yearly return. He's set for life financially

    At this point, he's just looking to help out people close to him. Which is why he wants to invest
     
  7. 7ZEUS7

    7ZEUS7 Regular Member

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    Buy a business on empire flippers maybe
     
  8. MermaidMurder

    MermaidMurder Jr. VIP Jr. VIP

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    Apartments buy them
     
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  9. PeezyD

    PeezyD Newbie

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    Why would you say that? The guys uncle cashed out over $100 million after taxes. He has several businesses already in place. Again he is just looking to help people who have a solid plan rn
     
  10. MisterF

    MisterF Moderator Staff Member Moderator Jr. VIP

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    If they have so much money and are set for life, why don't they do some good?

    Why not suggest they do something noble like set up a homeless refuge or a shelter for stray dogs?
    Fund a community project where ex offenders coming out of jail get the chance to get back into work placements, or something worthwhile.
     
  11. steroidjoe

    steroidjoe Regular Member

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    Nothing's wrong with financial advisory, especially if it's related to high net worth wealth management. Hedge funds focus on maximizing as much profit as possible, especially via real estate, stocks, etc. Private Equity or Mutual Funds are other options, just different style.
     
  12. PeezyD

    PeezyD Newbie

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    In a sense that is what he's trying to do. He's offering to invest in the people close to him. That is his way of giving back and empowering others
     
  13. PeezyD

    PeezyD Newbie

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    Yeah, it's crazy. Some of these guys wont even deal with you unless you're investing $1 million or more
     
  14. PeezyD

    PeezyD Newbie

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    Yessir, that is one of the packages I'm putting together for him... a collection of houses for good prices with enough headroom to rehab and rent out for good profit

    Multifamily units is definitely a money maker.

    Thanks for all the good suggestions!
     
  15. Sombrero

    Sombrero Supreme Member

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    Buy houses, remodel, sell for profit $$$
     
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  16. PeezyD

    PeezyD Newbie

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    What type of ideals do you have? What market, niche etc. ?

    PS He's not looking to buy into franchises. He is financially A. OK. with a couple of businesses already set up. He's looking to help others out (people close to him) and see a return on his money. So just investing in a franchise doesn't interest him. He can do that on his own.
     
  17. javabro

    javabro Jr. VIP Jr. VIP

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    Invest in building the next Flippa or Paypal.
    That's what I'd do if I had unlimited funds and want to invest in an online venture.

    Both of them have turned into shit. Huge opportunity, no "real" competitors.
     
  18. what_hat?

    what_hat? Jr. VIP Jr. VIP

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    This is not uncommon at all, unfortunately. I would refrain from making any investment for the next YEARS and use my newfound financial freedom to educate myself. There is never rush to invest money. Also, get ready for a shower of PMs...
     
  19. PianoMan

    PianoMan Jr. VIP Jr. VIP

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    Buy old apartments/houses at low prices, renovate them, rent them. Especially in university areas where a lot of students seek accommodation. Also, in tourist regions. Pretty solid long term passive income.
     
  20. subbun

    subbun Registered Member

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    buy a good income website from Flippa Business ! One time investment and life income!