so i got millions, now what?

Quote from killthesunshine:

how many yachts can you ski behind :p
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Fair question. $70,000 income per year is half of that after all taxes, fees and other non-negotiable governmental goodies, unless you construct financial entities to sidestep the IRS. Two million of savings produces a net of around $75,000 per year. No longer is 75k living the good life, unless one's goal is just getting by. Try raising nine kids on 75k... after inflation... doesn't work.

To answer your question, I don't like boats unless they come with a butler. I would rather overpay for a suite on a cruise than buy a boat and keep it up.
 
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)

so you should really try new things and stuff like that
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i'm just gonna guess you are a student.
 
Quote from GermanTrader:

Fair question. $70,000 income per year is half of that after all taxes, fees and other non-negotiable governmental goodies, unless you construct financial entities to sidestep the IRS. Two million of savings produces a net of around $75,000 per year. No longer is 75k living the good life, unless one's goal is just getting by. Try raising nine kids on 75k... after inflation... doesn't work.

To answer your question, I don't like boats unless they come with a butler. I would rather overpay for a suite on a cruise than buy a boat and keep it up.
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let me rephrase: how many kids can you ski behind? :p why do you need NINE kids??
 
Quote from killthesunshine:

let me rephrase: how many kids can you ski behind? :p why do you need NINE kids??
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That's how many came out, and we didn't kill them before they were born. Maybe I don't understand the question.

The kids ride jet skis, I drive the herd on mine. Try doing that while coasting on 75k per year.

To answer the thread's question: Have nine more kids.
 
Quote from killthesunshine:

all nine at once??
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LOL!!! Well, one set of twins, but nine babies crying at once might have moved my trading to an office somewhere. It's bad enough when five girls start yacking at eachother. The worst is when they try to share the bathroom. Did I mention I owned stock in Pampers? j/k
 
Quote from GermanTrader:

LOL!!! Well, one set of twins, but nine babies crying at once might have moved my trading to an office somewhere. It's bad enough when five girls start yacking at eachother. The worst is when they try to share the bathroom. Did I mention I owned stock in Pampers? j/k
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you do know what causes it right?
 
Quote from killthesunshine:

you do know what causes it right?
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I will try and figure that out after I retire and see my kids through school. Biology maybe? For now, I know of something far more important. It's called family, a legacy, a quiver full, and dozens of grandkids around me when we get old. Eleven seats on a plane going on vacations, and so many hugs and thank-yous I'm not sure which kid gave them to me. Buns in the oven every other year. Yeah, I robbed the cradle, and would do it again. Sure beats dying with nothing but a pot of gold, a bottle of whatever and 'friends' who stay only as long as the money holds out.
 
Quote from GermanTrader:

Oh that's right asshat, don't listen to someone whose portfolio exceeds yours in longevity, diversification and size. No... make sure to get your crap advise in there about gambling earnings, yeah! And whatever you do, never, NEVER take financial advise from someone who makes his living by advising the wealthy on how to stay wealthy. And under penalty of death, NEVER take conservative fiscal advise from successful traders. /sarcasm

Hydroblunder, you are a welfare case looking for a place to happen, and are doomed to a life on ET bitching about why you can never really make trading work. You stink and do not create any success around you.

7% or so in locked-up, concrete-secure vehicles is sound advice. Sure, keep a percentage of the funds in liquid vehicles. But if you keep most of it liquid, it will disappear.
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You're a moron, congrats. I have not daytraded in two years but I did make a living doing it for over 3 years. Have you even broken a profit yet? Wait, have ever even traded at all?

The fact that you would even consider a financial planner shows that you are still a total newbie to the financial arena and are waiting to be fleeced. 7% locked guaranteed? LOL wow, you are clueless. None of them are guaranteed. And "coolweb" whom you are citing, is a known semi-troll here.
Even the measly 2-3% you get on your momma's savings account is nowhere near guaranteed with these bank conditions. Regardless, with real inflation running at 10% or over, WTF is 7% going to do?

Oh and btw, genius, the thread starting topic was COMPLETE BULLSH*T. It's an obvious ET troll which has already went through a number of aliases. If you had the attention span and reading comprehension, you would have noted it pointed out in the thread, prior to your breakthrough post. Or you could have used critical thinking & common sense, but it's very apparent you have none.

P.S. Just read your other posts, lol. Just can't stop talking about your imaginary accomplishments, huh? Pathetic.
 
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