advise needed - for large sum of money

[v_usa]

Hello ,

I work in SV but to be honest I am rookie when it comes to financials. I work for 20 hrs a day ( yeah , I know !) and hardly get chance to talk with anyone.
I've been working for a technology firm and recently received $6,000,000 ( 6M ) in bonus for complete revamping the systems and $4,000,000 (4M) in stocks. I have no idea what to do with this money ?

Can you please suggest what are the options to grow the money ? Assume I want to make to grow to 12M in next 5 years. Please write to [removed by moderator] with brief intro about yourself and short plan for money. I am also looking to hire someone as adviser and handling the money.

[disneysteve]

You got a $10 million bonus?

Somehow I suspect someone making that kind of money wouldn't need help from random strangers on the internet.

Why do you feel you need to grow that amount to $12 million?

It certainly wouldn't be hard to get $10 million to be $12 million in 5 years. You only need a 3.7% annual return. You should be able to do that quite easily with a pretty conservative portfolio.

[Petunia 100]

Send me a money order. I will cash it, deduct my fee and invest the remainder for you.

[disneysteve]

Send me a money order. I will cash it, deduct my fee and invest the remainder for you.

What's your fee? I guess 1%/year is pretty standard so that would be $100,000. Not a bad deal at all and you could still easily grow it to 12M in 5 years.

[v_usa]

You got a $10 million bonus?

Somehow I suspect someone making that kind of money wouldn't need help from random strangers on the internet.

Why do you feel you need to grow that amount to $12 million?

It certainly wouldn't be hard to get $10 million to be $12 million in 5 years. You only need a 3.7% annual return. You should be able to do that quite easily with a pretty conservative portfolio.

10M is not bonus. Its 6M I would have. 4M are diffusable over the period of 4 years.
So its really going from 6M , 7M, 8M to 12M..let's consider 4M on side.

As I mentioned I don't have much financial knowledge. Its all technical knowledge I acquired over the years.

[Petunia 100]

10M is not bonus. Its 6M I would have. 4M are diffusable over the period of 4 years.
So its really going from 6M , 7M, 8M to 12M..let's consider 4M on side.

As I mentioned I don't have much financial knowledge. Its all technical knowledge I acquired over the years.

If this is a serious question rather than a fishing expedition to reel in some greedy fish and then fleece them, you should hire a good fee-only CFP (Certified Financial Planner). If you are not in the US, then you want to hire the local equivalent. Interview several, then choose one.

A good place to begin your search in the US is here:

http://www.napfa.org/

and here:

http://garrettplanningnetwork.com/

[disneysteve]

10M is not bonus. Its 6M I would have. 4M are diffusable over the period of 4 years.
So its really going from 6M , 7M, 8M to 12M..let's consider 4M on side.

Well doubling your money in 5 years is a much bigger challenge. You would need a 14% return. There's really no reasonable way to earn that much without taking way too much risk.

I'll ask again, why do you need to get to 12M?

[bjl584]

You received $6 million up front and an additional $4 million over time in stocks? And, you work 20 hours a day?

I think that if I were you I'd quit working. You are set for life. Why destroy yourself working 20 hours a day? Put it in the bank. Then go talk to a financial advisor. Then go find a super model girlfriend and retire to a tropical island.

[Petunia 100]

What's your fee? I guess 1%/year is pretty standard so that would be $100,000. Not a bad deal at all and you could still easily grow it to 12M in 5 years.

I owe 176k on my house, so my fee the first year will be 176k.

In future years, I will totally be willing to do it for only 50k, which is a screaming bargain.

[stoney508]

working 20hr/wk and you want to grow your money fast find a fee only CFP put some of your money in a safe investment like a bank account, money market account, and some index funds. Then invest in a couple college finacial courses and in a year manage your own money and you should be able to find yourself decent enough returns. You may not get the 12m in 5 years like you want but you will have the knowledge to make that 20m in 10-25 years possibly all matters on the risk you take.

I think knowing what your money is doing instead of pushing it onto someone else and paying for them to deal with it while you blindly spend leads to disaster. Look at all the powerball millionairs that went and spent all there money and lending it out because they did not take the time to learn what are safe investments and what are very risky.

[KTP]

Sorry, no techie gets a $6,000,000 bonus. First, it would have to have been a $10,000,000 bonus for you to end up with $6,000,000 especially with CA income tax.

Troll

[QuarterMillionMan]

What KTP said. This is bologne. What I'm puzzled by is that the OP's original thread says edited by Disneysteve, huh (lol).

[bjl584]

What I'm puzzled by is that the OP's original thread says edited by Disneysteve, huh (lol).

OP posted a link or an address of some kind. Steve edited it out.