In both situations you hire somebody to deal with that for you. I know just as much about car storage and art insurance as I am with dealing with millions in cash. Investing would be amazing but I’d also somehow screw myself with taxes.
Yeah, I also am not confident in my ability to find asd hire a competent person to manage the cars, or the money for that matter.
The 20 million doesn’t even have to be invested until one can look into tax implications because it can just sit still in an account or under a bed; not so much for the cars.
You’re seriously underestimating the potential value of 7, definitely pick that instead of 5.
The most expensive car ever sold was a 1955 Mercedes Benz coming in at around $140 million.
You seriously underestimate my ability to invest 🤓
$20m in seed funds would be amazing.
Maybe just a little now my friend, even super discounted, you could find 5 cars that would net you over 100 million.
Where the heck would I store five cars worth millions of dollars.
How the hell would I find a buyer who would reliably pay me those millions of dollars without ripping me off or stealing it before I could sell it.
I live in Canada. Those cars would disintegrate before I got them to somewhere capable of storing them.
I would much rather have $20 million now in my account. Even in cash would be manageable.
In both situations you hire somebody to deal with that for you. I know just as much about car storage and art insurance as I am with dealing with millions in cash. Investing would be amazing but I’d also somehow screw myself with taxes.
Yeah, I also am not confident in my ability to find asd hire a competent person to manage the cars, or the money for that matter.
The 20 million doesn’t even have to be invested until one can look into tax implications because it can just sit still in an account or under a bed; not so much for the cars.