Moving to the US, investing in the US, buying stuff in the US are all good options I think. But can you spend a $1 million.
I wouldn't pay off the mortgage necessarily. A mortgage is a great way to borrow and it's possible to invest you money better than to pay off a mortgage. Get a financial advisor. Go into some banks, they will give you some free advice if they think you are going to move $1 million to them.
agreed. there are just too many variables to get sound advice from individuals here. the advice of paying off your mortgage might be good for one person, but completely wrong for another individuals circumstances.
I would be more inclined to go with a paid "whole of market" financial advisor - difference is that you pay him out of your end rather than him earning comission on the products he sells you. This may seem strange, but has two main benefits
- He can give unbiased advice, and not lead you to products he prefers due to higher commissions.
- Your growth products will grow quicker and earlier due to there being lower setup costs on the front end.
I'm sure there are a few high "net worth" individuals on here who could probably point you towards a decent advisor.
I would be very wary about investing in the US at the moment. the economic situation is very unsure.