If I had $500 mil I would put like $5 mil in a savings account to live off of interest and then give all the rest of it away to people who deserved it/invest it in companies who will do some good in the world.
i'd probably do something similar except i'd give away $5mil to people who could use it better than me, and then i'll live off the interest of 495,000,000
If I had $500 mil I would put like $5 mil in a savings account to live off of interest and then give all the rest of it away to people who deserved it/invest it in companies who will do some good in the world.
i'd probably do something similar except i'd give away $5mil to people who could use it better than me, and then i'll live off the interest of 495,000,000
I would invest in a lot of oil companies.
I would invest in alternative fuel sources to spite abdy and his now-worthless oil fields.
what is roughly the return on a completely risk free way of saving, anyways
like, in a way that will give you dividends/interest payments regularly
assuming you're not willing to be risky because you're young or whatever
Hrmm... you can put your assets into an account that is difficult to breach (read: CANNOT withdraw except at very specific intervals like every year, three years, five years, etc), and will receive a 6% interest off of it, given to you every month, six months, year, or whatever.
SW-4158-3990-6116
Let's play Mario Kart or something...
Everyone on the forums empties their life savings accounts into a pool until we have $176 million.
Then we systematically purchase every single possible permutation of the mega millions lottery numbers.
Then we split the winnings based on how much you put in.
Every single person who puts in money gets a ~1.4x guaranteed instant return on their investment.
My statistics prof got this proposed to him by investors every time the amount of money got big. You're failing to take into account that there could be more than one winner. So even if you could buy enough tickets to guarantee the jackpot without spending $jackpot, you might only win $jackpot/2 or $jackpot/3, and its unlikely the EV of the other tickets would be enough to cancel it out.
So while 175 million would be enough, you'd also have to hope no one else did it and no one else won.
If I had $500 mil I would put like $5 mil in a savings account to live off of interest and then give all the rest of it away to people who deserved it/invest it in companies who will do some good in the world.
i'd probably do something similar except i'd give away $5mil to people who could use it better than me, and then i'll live off the interest of 495,000,000
I would invest in a lot of oil companies.
Yep, MLP units pay like dividends, but with a tax advantage.
what is roughly the return on a completely risk free way of saving, anyways
like, in a way that will give you dividends/interest payments regularly
assuming you're not willing to be risky because you're young or whatever
Guaranteed interest rate on an Ing Direct savings account is 0.80%, so $5m would get you $40k in the first year.
You could also do a 60-month CD for 1%, so $50k for the first year.
In periods of higher prime interest (better economy), it wasn't hard to find savings accounts with 1.5% interest rates and CDs with 2%.
Realistically, though? A Standard & Poor 500 index fund is going to give you at least a 10% annual return over the long term. You might have a bad year here and there (2001, 2008), and there's no legal guarantee of a return, but it's still very low long-term risk.
Edit: make that 15% for the S&P fund.
Feral on
every person who doesn't like an acquired taste always seems to think everyone who likes it is faking it. it should be an official fallacy.
Haha. Half a dozen Polish teenagers had the good fortune of deciding to play about with flick knives, and trying to break into vending machines right below fourteen police trainees who were on lunch after having literally just passed their 'searching/arresting someone with an offensive weapon' practical assessment.
Still buzzing a little.
The fact they were Polish is relevant, because they were meant to be flying home tomorrow. Well.
what is roughly the return on a completely risk free way of saving, anyways
like, in a way that will give you dividends/interest payments regularly
assuming you're not willing to be risky because you're young or whatever
Hrmm... you can put your assets into an account that is difficult to breach (read: CANNOT withdraw except at very specific intervals like every year, three years, five years, etc), and will receive a 6% interest off of it, given to you every month, six months, year, or whatever.
Yes, that thing. So for retirement, you get a giant chunk of change together and then get a regular "salary", but you can't actually move the money without... shattering the precious spires?
what is roughly the return on a completely risk free way of saving, anyways
like, in a way that will give you dividends/interest payments regularly
assuming you're not willing to be risky because you're young or whatever
Bonds are the most lucrative "sure thing." Normally its like 5-10% rate (worse than stocks on average but far less volatile) but now its 1-2% (still better than a savings account)
Posts
like, in a way that will give you dividends/interest payments regularly
assuming you're not willing to be risky because you're young or whatever
Shutting hookers in an evidence locker sounds like a scandal waiting to happen.
Oh man, I forgot, they are only called hookers when they're dead. Good thing you brought that up.
I would invest in a lot of oil companies.
...the interest you'd get from the bank.
I would invest in alternative fuel sources to spite abdy and his now-worthless oil fields.
Interest rates are really shitty right now, so like 1% on a savings account.
Hrmm... you can put your assets into an account that is difficult to breach (read: CANNOT withdraw except at very specific intervals like every year, three years, five years, etc), and will receive a 6% interest off of it, given to you every month, six months, year, or whatever.
Let's play Mario Kart or something...
My statistics prof got this proposed to him by investors every time the amount of money got big. You're failing to take into account that there could be more than one winner. So even if you could buy enough tickets to guarantee the jackpot without spending $jackpot, you might only win $jackpot/2 or $jackpot/3, and its unlikely the EV of the other tickets would be enough to cancel it out.
So while 175 million would be enough, you'd also have to hope no one else did it and no one else won.
QEDMF xbl: PantsB G+
i have no idea what rates are typical for huge savings accounts
that is why i am asking you goof
Let's play Mario Kart or something...
Guaranteed interest rate on an Ing Direct savings account is 0.80%, so $5m would get you $40k in the first year.
You could also do a 60-month CD for 1%, so $50k for the first year.
In periods of higher prime interest (better economy), it wasn't hard to find savings accounts with 1.5% interest rates and CDs with 2%.
Realistically, though? A Standard & Poor 500 index fund is going to give you at least a 10% annual return over the long term. You might have a bad year here and there (2001, 2008), and there's no legal guarantee of a return, but it's still very low long-term risk.
Edit: make that 15% for the S&P fund.
the "no true scotch man" fallacy.
Still buzzing a little.
Yes, that thing. So for retirement, you get a giant chunk of change together and then get a regular "salary", but you can't actually move the money without... shattering the precious spires?
I'll admit my understanding is kind of vague.
Good idea. His car isn't large enough for hookers, plural.
Shotgun! btw.
God fucking damnit.
people have been discussing this
Dude - it is your weekend; shotgun is implied.
Let's play Mario Kart or something...
I put down 2 bucks for two quick pick numbers. Have 0 hope of winning, just curious to see. And 2 bucks isn't breaking my bank.
Fuckin economy.
I mean, buying a ticket today is probably one of the few times where buying a ticket isn't actually dumb, as the odds are in your favor.
Of course, you're still incredibly unlikely to win, but think of it like the highest risk/reward investment there is.
Bonds are the most lucrative "sure thing." Normally its like 5-10% rate (worse than stocks on average but far less volatile) but now its 1-2% (still better than a savings account)
QEDMF xbl: PantsB G+
I might put down a fiver. When I don't win, lesson learned and I will spend my future fivers on naughty pogs.
Hell, just go for your life savings.
In this economy it's safer than a bank amirite?
The sexiest pornography I've ever seen.
Damn corporate web blocking!! what did you link bro?