What would you do with 1m cash?

A 250k Brisbane bolthole near the city appeals!

 

It's more that the ppor is a big asset that can be used to secure more profitable loans (a ppor by itself is obviously not a cashflow-positive investment).

 

Nope but we would continue to assist them with our knowledge, experience and skills and transfer these from us to them. Money can't buy this .

This has work for them up to now and they are so much further ahead than what we were at their age. We are very proud of our children, their partners and our grandchildren.

Throwing a bag of money at them could undo 30 years of hard work.

 

If I won/ given a $1 million dollars, would give it to my folks and my partner's parents to enjoy their lives. I don't believe in handouts and any real investors are the ones that if they had nothing today, they can rebuild their empire again time after time because they have the knowledge to do so.

 

I'm with you there, no more continually cleaning or looking everywhere for them when the whole time there on top of my head

 

Sell my current PPoR, and add the equity to the $1m for a new, better PPoR.

 

You must like cola.

Buy a million bucks of LICs and then retire on the income.

 

Seriously. There's not a 120y out there with your name on it?

 

I consider LICs lower risk than cash in the long term (short term cash is still king). Cash suffers at the hands of inflation while LICs are listed companies offering a fully diversified set of shares at a very low fee in the range of 0.1-0.2% p.a. paying substantial fully franked dividends that should grow with inflation like the LIC capital.

Read the LIC thread for details.

Not licensed to give advice

 

A Thornhill advocate who buys more IPs. Now I've seen it all.

 

Nothing wrong with getting the best of both worlds.

 

Invest in property up to serviceability/market limits then change gear to liquid investments, and be open to change gear again in the future when a new opportunity arises. @Gockie's passion about her current choice of investment is not to be confused with blind advocacy.

 

That's like 15 money pits right there

 

lol
and 5 sets of ear plugs!!

 

Probably pay out the budget overrun on our PPOR build - put the balance in offset against the mortgage on our latest IP purchase - then carry on as normal.

As nice as it would be if $1mil fell in the lap, that amount doesn't make that much of a difference in the overall scheme