If you had a million dollars

[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.