Updated: Dec 7, 2020
As the Senior Financial Officer of an investment firm managing over $250,000,000 in real estate assets I find setting clearly defined goals will help you decide the best ways to invest $1,000,000. I always like to ask myself what I want to accomplish financially for my family and myself. It is important to analyze and do your due diligence with each investment type. For me personally, if I had $1,000,000, the three investments I would consider are #2- Rental Property, #7- Start-ups, and #10- Crypto-currency:
1. Rental Properties
The average real estate property in California appreciates by 4 to 7.5% in value every year. With $1,000,000 invested in rental properties, you could easily purchase a property or several properties, depending on how you structure the deal and you could generate a monthly cash flow while your investment property appreciates. This means that you will have a generous amount of passive income to be able to live comfortably while the equity of your property grows.
2. Invest in my Own Business
“Build your own dreams, or someone else will hire you to build theirs.” You are your own best asset. What better way of showcasing your skills, talents, and abilities than creating and owning your own business. Your ability to earn more is based on your own desire and vision to reach that definite purpose. You can steadily grow your wealth, yet you must be confident enough in your own ability to off-set the high risk associated with owning your own business.
As of November 30, 2020 Bitcoin has reached an all-time high in price per unit. Although it is considered a riskier investment and only been around for a relatively short time, cryptocurrencies appear to be profitable based on the data that has been provided thus far. Though, I am curious to see how the market shifts once the U.S Government and other nations begin to implement their own version of Cryptocurrency.
Remember, $1,000,000 does not mean you are rich. $1,000,000 can provide you with plenty of investment opportunities but to maintain growth, income, and capital preservation to last you generations, it is simply not enough. That is why you must set personal financial goals and find the best investment options that work for you during these economic markets.
At Family Financial Strategies, Inc we strive to provide the most valuable and up-to-date financial education. For more resources on how to preserve your wealth click on the links below!
SLIG High Interest Liquid Savings Company: Rates: 4% - 9%
Click on the link below to watch our Financial Architects outline
Senior Financial Officer
Strategic Legacy Investment Group, Inc.
if you have a million dollars to invest, we've outlined what we believe would be your best options. You might find a combination of two or three of these investment strategies that would fit your personal financial situation. Remember, it doesn't have to be this or that, it could be a mix. Keep in mind what worked for your parents, or what has worked for you in the past or that famous uncle who left you an inheritance, may not be the optimal investment options for you in this current economic market. When investing, be diligent and flexible. It's just a matter of what YOU believe would make the most sense for you based on your financial situation. Which raises the question, if you had 1 million dollars today, "how would you invest it?"
1 - Buy Rental Properties
2 - Invest in a REIT
3 - Bonds, CDs, or Promissory Notes
4 - Gold, Silver as Precious Metals
5 - Index Funds (E.G. S&P 500)
6 - Stock Market
7 - Start-ups (Start a business)
8 - Angel Investing
9 - Venture Capital Fund
10 - Cryptocurrency
“You make great money in a good economy, but you make a Fortune in a bad economy” - Abraham Mehrian, CEO & Chief Financial Architect @ Family Financial Strategies, Inc