I was having a conversation today with a person that literally had a spare $200,000 lying around and has no idea what to do with it. Basically, the initial reaction is to invest it in something like a house. But of course, you can’t really buy a house with that amount of money around here. Whenever items such as stocks were mentioned it didn’t seem like a very good idea to him.
At this rate it seems like it is going to sit in a high interest savings account to generate money that way. I always wondered how it would be to simply be like a ventured capitalist with as little as say $10,000. I actually didn’t throw that idea out to him as that actually might be fun and profitable thing to do. I guess investing in property like a house is just a bit more favorable since the chances of the value going up is usually very high.