If you had a million dollars

[Ihealyou]

Originally Posted by Wizerud [You must be logged in to view images. Log in or Register.]

if I was able to yield about $60-70k per annum I'd be living in relative luxury.

eh

[guineapig]

Originally Posted by Wizerud [You must be logged in to view images. Log in or Register.]

What I mean is something that would be low-risk but guaranteed interest. What the options would be I do not know but if I was able to yield about $60-70k per annum I'd be living in relative luxury. So my question to you would be what are the options you'd have in order to generate that kind of money annually?

Chances are you are much too young to be dealing with low-risk investments. You have to take a little risk or else you are going to basically be seeing $0.03 interest every month and well.... that might as well be zero.

You take something that's slight risk and you invest for the long term but obviously something that also makes sense for the future. You should be coming out ahead even with dips in the economy. It happened to me. That 19% profit i made was with an IRA I purchased BEFORE the economy tanked. Had the economy not tanked I would have actually done better.

Of course I only made roughly $1000 but if I had a million dollars invested that would have actually been a $190K profit.

[Hasbinbad]

I nominate this poll to be selected for judgment in the "Best p99 Polls of 2010" category at the Trolly Awards show.

Seconded?

[quido]

I'd buy $950,000 worth of heroin.

[Hasbinbad]

^ $50,000 worth of rehab

[Estolcles]

I woulda said the alcohol one originally, but after last week and today, I'm going with the ass big enough the whole world can kiss it.

[Itchybottom]

The same thing I do with my money currently. CRT for the bulk of it to avoid capital gains tax (Franklin Templeton, is an okay one, I've also dealt with TIAA CREF) and do something with the money once I'm gone that is worthwhile (American Cancer Society is my chosen charity for example), then depending on success rate of the brokerage accounts held within that investment move the interest money to treasury bills to maturity and gift however much to relatives I can to reduce my actual taxes, and cycle the money back into the CRT investments to do all over again the next year.

The truth is, a million USD isn't much money. I had nearly that a few years ago between my two CRT alone, and only a few unfortunate events in my life dropped me sub $400k in a matter of months. You could take a million, and then an additional loan to go with it and probably do something decent in life, but when it comes down to reality -- it probably won't last someone without experience in such affairs longer than 6-8 years.

[Spud]

someone has been listening to the Slim Shady LP

id go with option 2

[quellren]

Option 1: Buy a Brewery

Not because I want anyone to be an alcoholic, I just want a better place than my garage for all my brewing equipment.

[Bubbles]

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