Steady 4-5% annual return on $5 million
- Thread starter One Time
- Start date
You have $5 million and are thinking of putting it in a bank? Ya right....
If you are actually serious and not just a troll the FDIC insures each account up to $250,000 or something like that. So dont put more than that in one account.
Why dont you talk to some good investment brokers and say you have a million to invest. See what they say.
Might want to talk to a good tax adviser too. Limit your liabilities.
Most of the people on Wickedfire's plan for 5 mill would involve a Ferrari, Lamborghini, and a MB.
Not sure why you are asking here.
Diversify. Hedge against disaster like the Chinese finally pulling everything out of dollars.
If you are actually serious and not just a troll the FDIC insures each account up to $250,000 or something like that. So dont put more than that in one account.
Why dont you talk to some good investment brokers and say you have a million to invest. See what they say.
Might want to talk to a good tax adviser too. Limit your liabilities.
Most of the people on Wickedfire's plan for 5 mill would involve a Ferrari, Lamborghini, and a MB.
Not sure why you are asking here.
Diversify. Hedge against disaster like the Chinese finally pulling everything out of dollars.
Term deposit, High interest rates - Westpac
This was up to 8% for five year term deposits the other day, but is down to 7.25% right now. Westpac is about as rock solid as you're going to get in the civilized world, and the USD is likely to only continue tanking so I don't see the harm in keeping it all in AUD.
This was up to 8% for five year term deposits the other day, but is down to 7.25% right now. Westpac is about as rock solid as you're going to get in the civilized world, and the USD is likely to only continue tanking so I don't see the harm in keeping it all in AUD.
I think asking on a gay webmaster forum is the best course of action. The key is to follow what they say explicitly.
the question is, how safe is that type of money in one of your countries banks?
Also let me just state that if you really had $5 mill to invest than you wouldnt be asking us here...ud be consulting an investment professional and a tax one as well
Depends on the state you live in for tax reasons. Here in California I'd go for California bonds - not only are they yielding between 4-5% but they are tax free federally and state. Also it's about as safe as you can get seeing as how California, as screwed as we might be, won't be defaulting on bonds anytime before the US government.
Not necessarily. You don't have to be financially savvy in order to have $5 million in cash, that's for sure.
I got this guy that give me great returns on my wealth. I keep all my money with him. Pretty trust worthy dude.
His name is Madeoff. I can hook you up with his contact info if you're interested.
His name is Madeoff. I can hook you up with his contact info if you're interested.