this post was submitted on 24 Jul 2024
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The problem is that it's so much money that you can clear out the inventory of almost anything you would buy while only chewing a few percent off the bankroll. Provided you can close on them in time, buying up some high end houses, or just a whole lot of land, is probably your best bet. Being a cash deal on your end helps move the paperwork faster. They're also durable goods that don't need a warehouse to be stored, and don't need any maintenance for a while.
I shop at Burgess.
Then you have to pay to berth it somewhere, and for maintenance because your boat touches salt water. Land will just sit there until you can flip it, though you do have some property taxes and insurance. A handful of acres around Beverly Hills will do it.
I like boats. Plus I'm a billionaire now.