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#1
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Member
Join Date: Jul 2007
Posts: 44
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How to invest $1million for steady income
if you had $1million and wanted to retire early and do things you like, how would you invest it? Ideally, you should be able to only draw from the income it generates, without eating into principal. Where would you put your $1mil?
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#2
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Senior Member
Join Date: Jun 2007
Posts: 109
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$1mil is enough money to build a nice diversified portfolio. I would put 30% in bonds, 30% in stocks, and the remaining in alternative investments
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#3
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Member
Join Date: Jun 2007
Posts: 38
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how you invest it depends on your risk profile. Some will invest it all on a brick and mortar business. Other more conservative people would keep it mostly in safe bonds. So it depends on your risk and return profile.
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#4
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Member
Join Date: Jun 2007
Posts: 41
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if you are up to do some creative investments, you could invest in tax liens. They are not "work-free", but you can earn good money from it.
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#5
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Member
Join Date: Jun 2007
Posts: 37
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build a nicely diversified portfolio of dividend paying stocks. You should be able to get 5%-10% annul returns from a a portfolio of high dividend stocks and income trusts.
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A lonely trader | |
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#6
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Member
Join Date: Jun 2007
Posts: 63
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you can always pay a professional money manager to manage your money. Or spread a portion of your capital among several money managers specializing in different trading/investment strategies.
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#7
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Super Moderator
Join Date: Oct 2007
Posts: 621
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investing in bank CDs will get you a yearly 5% ROI. 5% of a million bux is 50k. subtract 30% for taxes and what you have left may pay your bills pending on your lifestyle.
Last edited by Leth : 10-23-2007 at 12:20 PM. | |
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#8
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Italian Trader
Join Date: May 2007
Location: Roma
Posts: 43
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a cool $1 mil will easily get you into the hedge funds world….
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