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I have been thinking about your question. It is not as academic as you might think. There are many ways in which a person may end up with one million dollars of found money.

Many of them tragic. Our typical family rule handed down by my father is no major financial decisions for one year after loss of a spouse. As my father was a leader in the church he had to deal with a lot of people going through grief and his observation was that decisions made in the first year were uniformly regretted.

I suspect that even outside of a tragic loss, the sudden finding of a million dollars would be a life stressor.

So my answer to your question would be, nothing.

At first.

Maybe, I might dribble .5 percent a month into an index ETF.

Right now, if the situation had not changed a lot, after a year I.would buy a chicken farm. Decent farms can be had for 1 million or so. There is a nice farm for sale near here for 1.7 million. (The houses run about 200 thousand per house with most part time farms having five houses and the retirement farms having 8. Typically most farmers will buy another farm before building more than eight houses.

An eight house farm will generate about 340k a year. With 340k down, 340k in working capital and the rest invested in a broad ETF.

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