need to spend 2 million before the end of the year how would you allocate

Buy a bunch of Steinways http://www.besbrodepianos.co.uk/steinwaypianoinvestment.htm

Why do you need to spend it by end of the year? I'll take a crack at this... You are a 16 year old high school student that lacks any maturity to post a better trolling post.

Wasn't a story similar to yours made into a movie?

http://www.imdb.com/title/tt0088850/

I would allocate some of it to my student loan debt. I'll send you a very nice thank you card afterwards.

I doubt this is anything more than a troll post, but hopefully the below will help monkeys who are serious about becoming financially independent.

1. set aside emergency fund

2. pay off high interest rate debts

3. find professional help. someone who will create a plan in consideration of your goals and circumstances, not someone with myriad stock tips.

4. for your trading on the side, read the below: http://www.wallstreetoasis.com/forums/on-the-job-with-simple-as%E2%80%A… http://www.wallstreetoasis.com/forums/idea-generation-and-why-wall-stre… http://www.wallstreetoasis.com/forums/best-books-to-help-investing-skill

I'm not sure why people think it's a troll post, I understand it's a bit of an unusual post but didn't expect to get a bunch of sarcastic responses. Apologize for posting what you perceive to be troll posts, carry on if you're going to waste mine and other's time.

@thebrofessor, appreciate the only helpful response so far. I will most likely find pro help. I was just curious to see what responses would be if I were to be more proactive or creative with the money.

Go make it rain in some third-world country

These posts are incredibly stupid given the personalization, risk aversion, goals, etc. that go into making these types of decisions. With that said, below is what I did when I found myself in a similar situation (although it sounds like you inherited your money):

1) Immediately paid off high interest rate debt (credit cards, drug dealers, hookers, etc.) and built a 3 month emergency fund comprised of cash and equivalents (checking/savings/money market)

2) Gradually began paying off my student loan debt (given the low interest rate it made more sense to use the capital to try to earn a higher return). I eventually just paid it off because I was tired of looking at it on my balance sheet.

3) Purchased a small condo, which I later converted to a rental unit. Took a bath on the place but it does run cash flow positive and is paid off.

4) Allocated to my 401-K to get the maximum company match (free money) and built a retirement fund

5) Built a portfolio of diversified low cost index funds (ETFs) - Given my age, risk tolerance, and time horizon my allocations were 60% to US domestic equities (ranging from small,mid, large cap and growth/value), 20% to international equities (split between developed and emerging markets), 10% in REITs, and 10% in bonds

6) Began creating a significant concentrated (20 name) value oriented portfolio

7) Bought another piece of property

It sounds like (as you admitted) that you are very inexperienced with respect to managing your own money. I would recommend spending the rest of the year reading and learning as much as you can. You can certainly hire an adviser but from my experience most of them are useless and do not warrant the fees.

NYC real estate is an entirely different topic. As a value guy, I certainly wouldnt allocate too much of that windfall to an apartment although if you plan on living in NYC for the next 3+ years it does likely make sense to purchase (obviously depends on a myriad of factors).

You could also find some higher investment grade bonds in 4-5% range which would generate 80-100K annually before taxes.