FunkyKO said:
At this point? Like now? No stocks?
Munis. Roughly 4.5% tax free. 675,000 a year right now tax free. 56250 a month. Live off what you need, reinvest the remainder.
Yeah, I feel like we are over complicating this. I would do the thing that would require the least amount of effort that lets me live very comfortably.FrioAg 00 said:
He's already well overfunded for the lifestyle he likes to live - why do we keep suggesting "investments" that are part job and part investment seeking returns.
Hell, he could put all his money in low risk, low return investments and live well within that cash spinoff
See the 3 month US treasury bill yieldaggiefan2002 said:
I met a guy traveling last week that said a little much over a few beers but really captivated me with his story.
His net worth is 15 million, fully liquid if he wanted, and he said he still worries about money sometimes because he grew up without much and still feels like he doesn't have much.
So I was curious...if someone was VERY conservative to limit almost any possible downside risk, what could they reasonably expect as an annual return? 2-3-4%?
Secondarily, just for fun, what would you do with your time if you were 40, worth $15 million, and didn't really care for your job. Just for fun, the guy said he's pretty cheap and lives off about 10-12k/month. Ha ha.
This sounds about right. Maybe 2 houses at around 1.5-2 M.Ulrich said:
I would spend 5mm on a property in a low tax part of the country and split the rest between two wealth managers (in case one turns out to be a criminal), both with the goal of getting me safe, stable annual income.
That's a whole lot of 5s and 6s.. but good for you!EliteZags said:
I'd do this 4-5 days a week instead of 1-2
Boats and hoes!EliteZags said:
I'd do this 4-5 days a week instead of 1-2
62strat said:That's a whole lot of 5s and 6s.. but good for you!EliteZags said:
I'd do this 4-5 days a week instead of 1-2