Your gay uncle has passed on and left you with a sizable chunk of his estate, a net value of 2 – 20 million dollars, a few properties in an insulated wealthy neighborhood, and all the typical material creature comforts.

What do you do with the assets?
How do you diversify/position yourself to achieve your ensure you will adapt successfully to a variety of projections?
How do you minimize your liability/risk of being targeted for your wealth?
Does minimalism still make sense, if not what strategy makes sense to fulfill your philosophical needs?
Would you extend charity to the little guy, if so for whom and how would this be managed?

Feel free to take the inheritance scenario discussion any direction you would like. My questions above are just prompts to get the ball rolling.

I don’t know a lot about mutual funds, stocks, investments, bonds, etc.

But if a guy was to have possession of that much money, the main three things he should do are:

01 – Never get married. Do not even get married with a prenuptial as that contract could potentially get shredded and thrown out of court once it is time for a divorce.

02 – Get a vasectomy

03 – Do not flaunt the wealth and/or tell any women that you are potentially with sexually that you have that amount of wealth. It will indirectly influence her behavior and alleged ‘love’ for you as well as enable her to set up implied expectations of what she expects you to do for her in exchange for access to her vagina.

1. Sell the assets that can be sold
2. Hire CPA and a Lawyer and pay the dang taxes
3. Transfer what I have to a money market account
   1. Your “Cash” account for a USAA Brokerage account is a money market account
4. Have enough in the account as cash to buy whatever is needed out right
5. The rest will be divided by 10 and I would invest in 10 dividend paying stocks
   1. Don’t reinvest dividends.
   2. Dividends will be deposited into Market Fund
6. Move to South East Asia
7. Buy just shorts, flip flops, and t-shirts
8. Live off of dividends by transferring only what is needed from Money Market fund
   1. Rent only
   2. Hire Drivers/Taxis when needed
   3. Drink Beer
   4. Drink Rum
   5. Drink Tea
   6. Drink Coffee
   7. Eat Healthy
   8. Go to gym
   9. Play Golf
   10. Play Pool
   11. Play Darts
   12. Go Swimming
   13. Write a Book
   14. Learn to Surf
   15. Go fishing
   16. Finish my Graphic Novel
   17. Build a Home Network
   18. Grow a Garden
   19. Go to the Movies
9. When lease is up on living quarters, move somewhere else in South East Asia
10. Buy a portable game system (PSP/Gameboy)
    1. Go to Casino
    2. Get drinks
    3. Play real videogames on portable game system
    4. Watch others ruin their lives betting away their savings
11. Live near Manila again for a few years
    1. Go to pickup bars
    2. Order coffee and tea
    3. Sit back with game system
    4. Watch other people ruin their lives by trying to pick up ladies of the night
       1. Better than Jerry Springer
       2. Make bets with friends who has what disease
       3. Make bets who is going to hit on whom
       4. Make bets on who is going home with whom
       5. Make bets if it really is a girl or not
    5. Actually go to the museums
    6. Get involved again with charities that help orphans and unwanted children
    7. Play Golf
    8. Go to a coffee shop in the Mall of Asia and watch the world go by in slow motion
       1. Practice my tagalog with pretty women
    9. Go to a TGIFridays anywhere in the Philippines at lunch time
       1. All you can drink Mojitos for 5 bucks
       2. Drink all the Mojitos
    10. Desperately try to find a bar in Manila that can actually makes a dirty martini.
        1. Drink said martini
    11. Vacation in Subic
        1. Get drunk in Subic with friends
        2. Get really drunk in Subic with friends
        3. Wake up in strange hotel room knowing your friends took care of you
    12. Vacation in Clark AB
        1. Get drunk in AC with friends
        2. Get really drunk in AC with friends
        3. Wake up in strange hotel room knowing your friends took care of you
        4. Go to local Car Dealership
           1. See what is available
           2. Say, “Hmmm, the style has changed this year.”
           3. Go back to hotel room without ever buying said vehicle
        5. Go to Motorcycle Dealership
           1. See what is available
           2. Say, “Hmmmm, the style hasn’t changed this year.”
           3. Go back to hotel room without ever buying said motorcycle
    13. Move to somewhere else
        1. Repeat above

I’m curious to see how MGTOW men would handle this

the way you worded that, are you becoming mgtow? are you just here to peruse?

Layabout wrote:

What do you do with the assets?

Carry on normally for at least one year. Wouldn’t even quit my job or anything.

Layabout wrote:

How do you diversify/position yourself to achieve your ensure you will adapt successfully to a variety of projections?

I would think about it for that year. And “get used” to the idea of having new wealth before I actually did something with it.

Layabout wrote:

How do you minimize your liability/risk of being targeted for your wealth?

Move to a strange country. Italy perhaps. Portofino, specifically. Nobody knows me there. I would buy a little villa on the edge of the Mediterranean and everyone would assume I was a tourist.

Layabout wrote:

Does minimalism still make sense, if not what strategy makes sense to fulfill your philosophical needs?

I prefer an uncluttered life already. I wouldn’t fill up a room just because I could and had more money than I needed. But instead of a “chair” I would buy a NICE chair.

Layabout wrote:

Would you extend charity to the little guy, if so for whom and how would this be managed?

I would certainly do something BIG and would probably hire MGTOW staff for this website to give men jobs.

2. i agree with key master – ONCE YOU HAVE SECURED THE ASSETS – keep living your life as is for a year.  during that time, feel free to plan the ‘next’, but don’t change what you’re doing.  its a hedge against your own greed and avarice – and i’m not insulting you by saying it.  those qualities are dormant in all of us.  the cool off period will allow your rational mind to take control of the situation.

3. minimalism always makes sense.  there is a massive delta between what you want and what you need.  what you need is self evident.  what you ‘want’ is susceptible to a great deal of external influence.  analyze your wants.  are they yours?  or are they defined by others?  systematically every single ‘want’ that is defined by what people expect, demand of you, etc.  those wants are parasitic.  the remainder, those wants that are truly yours – spend whatever you have left over, after serving your needs.  minimalism doesn’t necessarily mean living like a bum it means serving your wants and your needs only…after that you can evaluate your left over resources and decide whether or not altruism is something you’re looking to pursue.

4. excess wealth needs to be invested.  you need to research this, because this wealth represents your future.  a lot of it depends on your world view and predictions for the future.  conservative investments include land, precious medals, gems, weapons, and ammunition.  less conservative investments include bonds, stocks, mutual funds, etc.  research those things assiduously during the year you take off after taking control of your relative’s assets.

5.  GOOD LUCK.

The rest will be divided by 10 and I would invest in 10 dividend paying stocks

Don’t reinvest dividends.

Dividends will be deposited into Market Fund

I’d go this route.  If you can dump 2 million into a diverse variety of solid, dividend paying companies you’ll be set for life.  Do a little research on it…there are some pretty safe dividend payers out there, companies like Johnson and Johnson, MMM, ATT/Verizon, utility companies, etc.  You don’t have to go for the big hits in the market…go for the steady payouts.  Think of it this way…if you invest 2 mil, and get dividends between 3-5% a year, you will be making 60-100k(taxable at 15% capital gains rate) a year without lifting a finger.  The best part is the value of the shares and the dividend payments also tend to go up over time, so this also hedges against inflation.  I also read recently that Obamacare subsidies only count your taxable income, not your capital gains, so you also might be able to retire early and get a nice subsidy on health insurance.

I’d just make sure to keep at least a years worth of living expenses readily available in cash so that if the market tanks and some companies cut dividends, you aren’t stuck having to sell shares at a low to make ends meet, you’ll be able to ride out a down turn.

Also, like others have mentioned…don’t do anything major for a year.  Its pretty common for people who get a nice windfall to run out and blow through it and a few years down the road be broke.  Just for an example…there was a lady a few towns over from me that hit a 7 million dollar lottery jackpot about 10 years ago.  She took the lump sum payout, so about half went to taxes, then she went out and mortgaged like a 2.5 million dollar horse farm(amongst other stupid purchases) in an expensive town known for having a lot of residents with old money.  About 5 years after winning 7 million dollars she was in the news paper because her property was getting foreclosed on and she was claiming bankruptcy, she couldn’t even afford to pay her property taxes…had she not been such an idiot she could have been set for life…instead 5 years later she literally had nothing.  She blew through more money in 5 years than a lot of people have at their disposal in a life time.

Also…just a few other tidbits.  I’d never get married…way too much on the line to lose in case of divorce.  I’d also not tell anyone.  Its nobodies business.  Don’t let the gold diggers know what you have and you won’t have to worry about them.  Assuming 1. you aren’t getting married and 2. you aren’t going to be making any ludicrous purchases that would make it blatantly obvious you have a ton of money.

Most importantly, congrats, and enjoy hopefully what will be an early retirement at some point, and many years of health and leisure.

As far as the money, I would sit on it for 6 months and try to figure out the reasons my MGHOW uncle had the money allocated. If he had millions, he probably knew more about money than I do.

As far as minimalism goes, one of the Stoics (can’t remember who off the top of my head) thought it was fine to have riches but to set your mind to not need them in case they were lost.

Sebastian