What to do with 1 million dollars is possibly very confusing because the amount is quite huge. It is very possible for us to invest one million dollars and get twenty percent returns. The problem with investing is that we must take a risk with the hope of getting higher returns.
The money can also be kept in the bank, and the returns will be high because the amount of money deposited is huge. The good thing about this is that the money will be very safe and remarkable returns made at the same time. We must have executive control of the money for us to enjoy the benefits. There are also other forms of bad investments that will make the money reduce to half instead of doubling. On the other hand, the money can be put in another form of investment that will give us more returns than even those of the bank. For instance, a real estate will give me almost fifteen percent returns from the capital gains and rent returns. But this will only happen when the estate has been bought in the right area.
Instead of investing the whole amount together, it would be better to invest a hundred dollars thousand first. After sometime, we will find that the returns were a certain percent. This will give us confidence of investing two hundred dollars and so on. For us to get better returns we can change the time period because most people are possessed with getting a higher compounder per year; but what matters is the speed of returns.