so i got millions, now what?

Quote from SWhiting:

Whee can I get a locked-in, concrete-secure 7% investment?

Whee after you make your millions and don't want to spend it all before you're 50, see your local banks and load up on 7% CDs when the market is high. Then take a little and waste it on fun. Take what's left and keep trading. Wheeeeeee...
 
Quote from GermanTrader:

Whee after you make your millions and don't want to spend it all before you're 50, yeah. Wheeeeeee...

I understand the purpose of getting such an investment.

I have the million and I'm past 50: WHERE can you get a 7% secure, locked-in investment?
 
Quote from SWhiting:

I have the million and I'm past 50: WHERE can you get a 7% secure, locked-in investment?

See my edited post at 09-03-08 09:09 AM. Add: no bonds, nothing not convertible to cash in an instant, and no real estate.
 
if you have a million, you can live of the interest for the rest of your life...

40k a year with 4%, ofcourse you have inflation, but if you have 2 million, you would use the 40k from the other mill to fight off the inflation.

2 million means you never have to work again (if you can live of 40k a year)

so you should really try new things and stuff like that
 
Quote from bbqbbq:

if you have a million, you can live of the interest for the rest of your life... 40k a year with 4%, ofcourse you have inflation, but if you have 2 million, you would use the 40k from the other mill to fight off the inflation. 2 million means you never have to work again (if you can live of 40k a year)

I retired twice. Once from my job, once from trading. I am obviously trading again. A million bucks is not enough to live a lifetime anymore, even getting 7% interest, unless one moves to a third-world country or the zona along the Mexican border...
 
Quote from GermanTrader:

I retired twice. Once from my job, once from trading. I am obviously trading again. A million bucks is not enough to live a lifetime anymore, even getting 7% interest, unless one moves to a third-world country or the zona along the Mexican border...

how many yachts can you ski behind :p
 
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