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Sacramento, California United States Member #167410 July 10, 2015 16 Posts Offline | Posted: July 21, 2015, 4:12 am - IP Logged | |
Say you have millions of dollars, what are some good things to invest your money in that will have a decent to really good return rate? I heard AAA bonds are really safe, insured by the federal government, non taxable, and pay an interest rate of 3-5%. Is that true and are bonds the way to go? FYI, I'm just fantasizing about money :) | | |
Central California United States Member #157856 August 2, 2014 2256 Posts Offline | Posted: July 21, 2015, 7:37 am - IP Logged | |
John, We appreciate your dreams. Like noise-gate has written here on LP before, Wait until you win to make decisions about your money. Today is not a good day to buy bonds. Interest rates are going up soon and that makes the price of bonds go down. I do not want anything I own to go down in price. So, talk with professional advisors like, Lawyers, Certified Public Attorneys CPA's, Certified Financial Planners CFP's. A Trust & Estate attorney will create Trusts, Wills, . If you find the right Attorney then that relationship could last a lifetime. Good Luck to you with your lottery play. music* The day you decide to do it is your lucky day. Japanese proverb | | |
Dump Water Florida United States Member #380 June 5, 2002 3195 Posts Offline | Posted: July 21, 2015, 9:47 am - IP Logged | |
Say you have millions of dollars, what are some good things to invest your money in that will have a decent to really good return rate? I heard AAA bonds are really safe, insured by the federal government, non taxable, and pay an interest rate of 3-5%. Is that true and are bonds the way to go? FYI, I'm just fantasizing about money :) There is nothing out there far as the eye can see, if there were everyone would be on it like stink on . . . like they were on the housing market. Watch for the next bubble, get in, get out.
Invest in real things you can use while your money is still worth something. Buy a free standing McDonalds, etc. Decent well built house where taxes are low on a nice chunk of land on water, car that will should be running twenty years from now and still have some value instead of expensive nonsense that will be worthless scrap when out of warranty. If you must invest consider annuities.
BobP | | |
United States Member #145267 August 1, 2013 1740 Posts Offline | Posted: July 21, 2015, 11:24 am - IP Logged | |
I think if you won a big lottery jackpot, put yourself on a budget. Pay in full for the house that you are going to live in, same for 2 or 3 cars. The point is to not try and spend all of your lottery jackpot. Investing works for some people not for all. | | |
Economy class Belgium Member #123700 February 27, 2012 4035 Posts Offline | Posted: July 21, 2015, 11:39 am - IP Logged | |
The safest thing is a saving account, if the bank isn't bankrupt. | | |
United States Member #34931 March 9, 2006 109 Posts Offline | Posted: July 21, 2015, 12:26 pm - IP Logged | |
"things to invest your money in that will have a decent to really good return rate" In the context of monthly dividends . . VWEAX. Share value WILL fluctuate up and down with market conditions. Doubtful that your heirs will scrutinize if there was a gain or loss on your investment amount . . more like "how much do I get and when". Pay estimated quarterly taxes. | | |
United States Member #52345 May 21, 2007 2872 Posts Offline | Posted: July 21, 2015, 12:48 pm - IP Logged | |
There is nothing out there far as the eye can see, if there were everyone would be on it like stink on . . . like they were on the housing market. Watch for the next bubble, get in, get out.
Invest in real things you can use while your money is still worth something. Buy a free standing McDonalds, etc. Decent well built house where taxes are low on a nice chunk of land on water, car that will should be running twenty years from now and still have some value instead of expensive nonsense that will be worthless scrap when out of warranty. If you must invest consider annuities.
BobP sounds like wise advice ..... but nothing is safe from Uncle Sam and cronies | | |
UNC United States Member #106260 February 15, 2011 27149 Posts Offline | Posted: July 21, 2015, 12:56 pm - IP Logged | |
I'm investing in 5/$20 scratch tickets a day, I'm jus being real!! EZ$$$ Work smarter not harder!! | | |
new jersey United States Member #150815 December 31, 2013 537 Posts Offline | Posted: July 21, 2015, 6:02 pm - IP Logged | |
today i picked up scratch off ticket in a parking lot of a conveince store it was a 30.00 scratch ticket, all the numbers scratched off, it was a 50.00 winner. i did not belive it i never pick them up. i past it up a few feet went back because it was a 30.00 ticket i picked it up, its almost hard to whose it was, they just missed it. | | |
Idaho United States Member #94283 July 17, 2010 2284 Posts Offline | Posted: July 21, 2015, 6:16 pm - IP Logged | |
today i picked up scratch off ticket in a parking lot of a conveince store it was a 30.00 scratch ticket, all the numbers scratched off, it was a 50.00 winner. i did not belive it i never pick them up. i past it up a few feet went back because it was a 30.00 ticket i picked it up, its almost hard to whose it was, they just missed it. Have you tried to cash it? I find them once in a while but they've already been cashed. That's the problem with the vending machines, they don't keep the cashed ticket so the winners throw them on the ground when they leave the store. | | |
homestead United States Member #158182 August 14, 2014 239 Posts Offline | Posted: July 22, 2015, 4:26 pm - IP Logged | |
Say you have millions of dollars, what are some good things to invest your money in that will have a decent to really good return rate? I heard AAA bonds are really safe, insured by the federal government, non taxable, and pay an interest rate of 3-5%. Is that true and are bonds the way to go? FYI, I'm just fantasizing about money :) I good idea is to invest in Preferred Stocks like HSEA, for example, pays a quarterly dividend of 51 cents a share. Thus, if you win around $5 Million(after taxes), you could invest in over 100,000 shares and get around $50K every 3 months, or $200K a year without touching the original investment. The other amount your could invest in common stocks like Coca-Cola or Disney and watch that $2.5 Million become $10 Million over a period of years. Between Preferred Stocks and bonds is that Preferred Stocks are not affected by raising interest rates. At least with preferred stocks, you know how much money you are getting every year on a stable basis. | | |
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