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Sunday, 03/03/2019 2:55:31 PM

Sunday, March 03, 2019 2:55:31 PM

Post# of 152
>>> Where to Invest $1 Million Right Now

Five experts reveal promising investment options for substantial sums.


Bloomberg

By Frederik Balfour, Suzanne Woolley, Edward Robinson and Simone Foxman

November 27, 2018 | Updated on March 3, 2019


https://www.bloomberg.com/features/how-to-invest-a-million-dollars/?srnd=premium


Mark Mobius - The other way to play: My alternative investment idea is old bond certificates, for which there is a small but passionate following. I like the ones that capture a moment in history. For example, during the U.S. Civil War the North issued two-year interest-bearing notes with a coupon rate of 6 percent in 1861 and a face value of $50. One sold in August at an auction of part of the Joel R. Anderson Collection of U.S. Paper Money for $1.02 million, more than double its pre-sale high estimate.


Sarah Heller

Master of Wine at Heller Beverage Consultancy

The other way to play: I love vintage fashion, especially timeless creations by Emilio Pucci from the 1970s that still look contemporary today. While you might find one of his dresses for a few thousand dollars online, celebrity clothing can go for a whole lot more. The Hubert de Givenchy black satin evening gown Audrey Hepburn wore in the film "Breakfast at Tiffany’s" sold for 467,200 pounds ($609,000) at Christie’s in 2006. A one-of-a-kind piece like this tends to appreciate.


Anthony Roth

Chief Investment Officer, Wilmington Trust

The other way to play: I collect the furniture of Sam Maloof, one of the primary exponents of American mid-century modern furniture. His hand-crafted pieces use beautiful wood joined without nails or metal. He’s best known for his rocking chairs. The White House arts and crafts collection has one, and so does the Metropolitan Museum of Art. I think his low-back armchairs are actually more beautiful, and are incredibly elegant. They sell for around $15,000 to $20,000.


JD Montgomery

Managing Director at Canterbury Consulting


The other way to play: My recommendation is esports, and I’d play it two ways. I’d spend 40 percent of my $1 million investing in picks and shovels—game-agnostic infrastructure that supports gaming. Some clients and I just made an allocation to a company called Discord, a chat platform for gaming with over 200 million users. The other 60 percent I’d distribute among three teams. Interesting names include Cloud9, 100 Thieves and Seoul Dynasty. The most valuable team, Cloud9, is worth $310 million, but you can access smaller teams at a much lower cost. There are also funds you can invest with. Ultimately I believe there will be tokenization and distributed ownership of these teams. The size of the industry already is incredible to me, and we’re just getting started.

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