What would you do if you had a million dollars? - Seedly
Seedly logo
Seedly logo
 

SeedlySOS

Lifestyle

Anonymous

Asked 4d ago

What would you do if you had a million dollars?

0 comments

9 answers

Answer Now

Answers (9)

Sort By

Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Updated 4d ago

Buying in into Seedly company

💋​​​

2 comments

👍
5
Kenneth Lou
Kenneth Lou

3d ago

Thank You! Haha! I would too :D
Tee-Ming Chew
Tee-Ming Chew

3d ago

Thanks for the recognition :D
Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
Post
Randall Tan
Randall Tan, Coffee boy at Century Piano
Level 6. Master
Answered 3d ago

Build a shelter for stray 🐈

1 comment

👍
3
Frankie Rappaport
Frankie Rappaport

3d ago

Hey, super !
Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
Post
Kevin Seah
Kevin Seah
Level 5. Genius
Updated 3d ago

Invest for passive income 💰. It's relieving to know you have money to spend every month without even lifting a finger for it.​​​

0 comments

👍
2
Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
Post
Jonathan Chia Guangrong
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Level 9. God of Wisdom
Answered 3d ago

Keep some cash on hand, then

  1. Buy into reits for passive income

  2. Buy into zeppelin and co or jaben (need to convince owners to sell me some interest in their holdings)

  3. Pump into my Td account and yolo on some lotto option contracts on TSLA. Use some to trade responsibly.

  4. Max SA every year for my daughter once she's born

  5. NOT buy into UTs or ILPs

0 comments

👍
1
Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
Post
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 3d ago

At my current life stage, I would...

  • Save: 30% (Near to mid term liquidity instruments)

  • Invest: 50% (Split into Growth - Index stock ETF and Dividend distributing stocks for long term)

  • Spend: 20% (Because life is too short at times. Focus on experiences, family, friends)

0 comments

👍
1
Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
Post
Daniel Kok
Daniel Kok
Level 5. Genius
Answered 1d ago

I would put the whole 1 million in a dividend stock of hopefully 5-6%! That will be about $4-5k per month of passive income! Heh.

1 comment

👍
0
Frankie Rappaport
Frankie Rappaport

19h ago

Not bad🍀
Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
Post
Ck Chai
Ck Chai
Level 6. Master
Answered 2d ago
  • 300k for housing / renovation etc (coz previously transferred OA to SA, current bal is low 😅)

  • 120k to distribute among family members

  • 80k to spend & maybe to start an online biz

  • 50k for donations

  • 200k for savings

  • 250k for investment

0 comments

👍
0
Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
Post

Hi, for me. I would give half to my parents for raising me. Then, I would take 10% of the remaining to use on myself, improving myself, upskilling etc.

Then, I would take $200k of the remaining to donate to charity, be it for the elderly or animals.

Then, the $50k of the new remaining will be used for investment.

The last $200k will be used to create a better future for the next generation. E.g. creating a sustainable future, preserving nature, etc.​​​

1 comment

👍
0
Frankie Rappaport
Frankie Rappaport

19h ago

Super, wow, for the parents, vulnerable, future, perfect.
Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
Post
sucram
sucram
Level 4. Prodigy
Answered 3d ago

Dont tell anyone about it and invest it all.

0 comments

👍
0
Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
Post