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What Do You Do With Large Amounts Of Money? (lemm.ee)

submitted 1 year ago by Rocky60@lemm.ee to c/asklemmy@lemmy.ml

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Suppose you win 100 million. What do you actually do with it? Banks only guarantee 250,000. Do you have to invest it? Is there anywhere you can just let it sit and draw interest?

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[–] kent_eh@lemmy.ca 11 points 1 year ago (1 children)

After the usual paying off debts, buying houses for family and making sure that sort of needs are taken care of, I would invest in things that really should exist to improve society in general, even if thwy may bot be guaranteed return on investment.

Greener energy, pollution cleanup, educational endowments, social enterprises, things along rhat line.

[–] Stoney_Logica1@lemmy.world 2 points 1 year ago

As summer temps rise and people with their heads in the sand die out, I think we're going to see a major swell of focus on green tech to combat global warming, meaning investments in that sector are going to pay dividends.