I am down to my last $10 million what do I do?

At 25 I inherited $50 million and of course bought a bigger home and also purchased a cabin in the mountains to use in the ski season , as well as a nice beach house and an apartment in London. I also bought a yacht and a Ferrari. So as you can see nothing extravagant just the usual stuff that everyone has . But I have now discovered that my accountant is a crook and milked off a lot of my funds and so at age 37 I only have $10 million left ! I will not sell any of the above assets as I need them and of course don't want to work so I am just wondering if anyone knows of good ways to invest my money so I have a reliable income stream ?

Spend it on something you don't have by the way are you married cause you look like your hot

I have good ideas for your investment to bring your money back up to $50 million. Look at my profile and click on my email or email me at mikeerv@yahoo.com Report It

ROFLMAO!!!! Free points and a good laugh.

this sounds like a real problem...lol

i would move to a tropical place like hawaii and live there and be happy.

Well...you can give me $1 million for this answer please....then you can invest the rest in a ING Direct bank account that is making 4.5% interest right now. Live off the interest....

Play it safe. Ladder it in CD's, which should give you half a million to live on a year and be sure to donate at least 10% of your interest income to charity.

Oh well now you need deductions. Lots and lots of tax deductions. A wife lots of children, a divorce, another wife, more children. There you go you are all fixed up now!!!

ok you ****** up really bad first thing you should of done was invest it, fire your accountant if you have a brokerage firm get a new one i use charles schwab and my financial advisor has already tripled my money in 10 years, second all of these items you listed cost alot to maintain i know you dont want to change your life style but at least sell one of your houses to get more money and cut living costs then invest it conservitivly in the stock market earning 8 percent after inflation which is 3 percent you have 5 percent left to live off of which should give you 500k and then pay taxes which should leave you with 300k roughly im not an accountant thats what my accountant is there for but if you cant live off of 300k maybe sell your something else best of luck to you

Take the 10 mil and invest in a regular savings account on line they are paying 5% right now. By my calculations that is 37,500 per month in interest. Not bad. Just live off of the interest never touch the 10 mil.

Invest in Real Estate ...if you don't want the hassle of actually owning property and managing it ( or hiring another "crook" to manage it)...then just learn enough about investing to get into some REIT's... income and commercial properties..steady income growth.
97 out of 100 "really wealthy" Americans earned their money in real estate.( Who left you the money? Where did they get it?
Talk to a Fidelity rep.... phone numbers on web-site
...and when you see ( six months down the road) that you're going to do just fine.....donate half of the years profits to "Paralyzed Veterans of America"

Diversify, Invest 1 million in reputable brokers or hedge funds.

Be aware what they are investing in, so you may invest 50% in corporate/municipal bonds, 40% in stocks, 5% in high yield bond funds, 5% Treasury bonds.

day trade it all. Presently I suggest something like Vanguard Emerging Markets funds. They may skim off 0.5% when you put in money or take it out, but when it's annual return is over 20% you have no worries.

I am sorry but you should hire an attorney and look into suing your accountant. You should have hired a certified financial advisor. Invest in your money that is left over before it dwindles and have someone audit that accountants work. Good luck

Open a buffett-style restaurant. America is all fat people and they love to eat. You will make a lot of money. Make sure it is a Chinese-style so that you can employ them at very low wages.

Buy an apartment complex.

It's time to sell your cabin, beach house, apartment, yatch, Ferrari (Unless it's an Enzo) and other expensive things for a while.

You will use all the money raised to invest it wisely with the help of a Private Banker or a Portfolio Manager with at least a decade of experience.

After a few years your bank account will have $50 million again.

Asuming you make 20% that year (Any decent Mutual Fund will make that for you)

You will have $10,000,000.00 in profits that year.

Take just $5,000,000.00 and buy your yatch back.

The rest of the $5,000,000.00 will be REINVESTED.

Asuming the next year is also a 20% year.

You now make $11,000,000 yearly.

Again you take $5,500,000.00 and buy your beach house back.

The rest of the $5,500,000.00 will be REINVESTED again.

As you can see, every year you will have more money and eventually you will get all your things back.

Top 4 Answerer.

Boo hoo - I feel for you, really....

Dig up some of your late pappy's friends' daughters and try to marry one of these heiresses.

Most of the heiresses will be contemporary women with postgraduate degrees who will end up managing empires to rival their fathers - they'd never marry the shiftless unemployed - so you'd have to try to latch onto the rare fox who still falls for ferraris.

Just make sure her fortune is tied up in trust funds with no possibility of encroachment on the capital, so neither of you can get your hands on it.

Hi,

Probably you should place the money in private placement program. PPP is such smart investment way when your money remain under full your control in your own bank account (if it is at any A+/AA rated bank in Western Europe or US) and you gain from it.
If you need more information please pm or e-mail me an I provide you with detailed information.

Good luck!

and you're worrying about the engine of your 1972 volkswagen?

who's this for - the assistant gardener's alcoholic son who bums on the estate?

or could it be ... that you really do drive ... this heap ...

If you could go to an accountant with all the money why can't you go to someone else to solve the problem?