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If you suddenly had 5 million dollars today, what would you do with it? (lemmy.world)
submitted 3 days ago by to c/asklemmy@lemmy.ml
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[โ€“] 5 points 2 days ago* (2 children)

Immediately invest a million into China directly for Chinese citizenship, then 4 million via wealth management companies so I and my children can live off of dividends for the rest of time in China.

Even 1% dividend monthly on 4 mil is $40,000 a month.

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  • [โ€“] 1 point 2 days ago* (1 child)

    I imagine if they ever actually do the communism thing they keep promising, you'll be on the chopping block since you'd be a capitalist by definition, and not even the useful kind (that starts a company that rakes in money from abroad).

    1% monthly is also a craaaazy high rate. Guaranteed not to last for the rest of time. A tenth of that is manageable and should carry your immediate family in a low cost of living part of China no problem, allowing you to keep withdrawing when times are tough.

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