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?
If you have any decency, get rid of most of it, preferably to charities or political causes.
That sort of wealth in the hands of a single person is obscene, and spending it on luxury when there are people starving and homeless in the world is the height of immorality.
Charity exists so that rich people can pretend to help, but also get to be a petty tyrant. Charity is scam.
My partner worked in non-profits for years. Her advice is find local organizations (homeless shelters, local LGBT orgs, neighborhood revitalization orgs, ect.) that DO NOT have a national (central) office. Get to know their staff, their mission, and then make pledges to pay $X per month for the next X years. This is how they can best do the work they are passionate about to help people in need. Don’t put strings on the money and you are moving closer to mutual aid than tyranny.
Depends what you want to do with it. If you want to keep it liquid, you can just keep it in bank accounts in major banks. Split it across several major banks. If they all go under, your problems will be far bigger than money. You can also have multiple savings accounts with each bank to garuntee 250k in each one and earn maximum interest. I have 6 savings accounts with my bank each with ~200k in it. If the balance exceeds 250k, the interest rate dtops down from 4.25 to somethink like 1.15.
If you dont need to keep it liquid, you buy a stable asset like land. You might choose to buy a bumch of houses and apartments in the city, but that comes with strata fees and property management etc. Plus, being a landlord investing in residential property makes you a shitcunt. In my case, I purchased rural land. I purchased land adjacent to nature reserves, with about 450ha of arable land, 110ha of forested land, and 85ha of salt damaged land. Im remediating the 85ha of salt land, and strategically planting out about 10 trees/year/ha on boundaries of my arable land to reduce soil erosion and degradation. I lease the land to a couple of organic grain growers who work the land. At any given year about 1/3rd of my arable land is fallow. (Note tgat im not a farmer by trade, I just think its a good, sustainable asset that I can use to directly improve the environment)
Finally get rid of the biggest barrier to a better world for at least 300million people, primary/buy-out every single politician of the democrat party to ensure the things that are ostensibly in their platform are actually enacted. Also ensure that every single current non-elected neo-liberal “policy wonk” and their sycophants never have any influence in any future government again.
I don’t think 100 million will buy you a hill of beans in US politics. And I don’t think they’ll betray their class interests for any amount of money - what’s the point in taking a $100m bribe if it means there’s fair taxation and more equitable living that prevents them being top dog with that money?
Of course first into a bank, a few million in crypto, another few million in ETF, another few million to actual brokers. Then it’s time to start buying up property and renting it out at a fair rate - it’s not like I don’t have money invested elsewhere. All this to diversify investments.
Gotta buy my entire family houses too, so that they don’t have to be wage slaves anymore. I should be left with… 50M or more?
Now the fun part starts: investing in opensource. I’d spend my time making a team to find “critical” places to invest in. Stuff where there’s just little to no competition or the market is dominated by big players. Identify opensource projects that could challenge that dominance and see if groups would want to work on it full time, be it development, marketing, hardware costs, security audits, etc.
And of course travel and do lots of drugs.
Invest a decent chunk, find somewhere I can be away from things, set my dad up somewhere nice he can get the medical help he needs without worry.
After that, work on funding pro-womens rights and LGBT+ causes and platforms. Do what I can to help others in a position like mine, where there isn’t really a “safe” place around to let the mask drop away.
