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Blornn · Joined: 09 Nov 2004 Posts: 1

I was talking to my roommate about the question above; he claims that, if you had that much money, you could simply put it in a savings account and live off the interest. Would this actually be possible, as in, how much would it grow on a yearly basis? Or would it be altogether smarter to invest it in real estate or stocks?

lb_centaur · Joined: 14 Nov 2004 Posts: 2

There is no SMARTEST way; however many good options. Bank interest on $1 million is about $50K per year. For many, that would be quite good. In the long term, stocks returns about 9% per year.

yulianto · Joined: 18 Nov 2004 Posts: 2

Well if I have 1 million dollar and I would would stable income, I just invest in stable and mature company which regularly gives dividend. This is called income investing. See http://www.stockpickguide.com/income_investing.php

fatsausage · Joined: 22 Nov 2004 Posts: 1

Invest it in Euros or Swiss Francs.

crapaudblanc5339 · Joined: 26 Nov 2004 Posts: 1

Unfortunately $1M is no longer what it used to be. $1M in a saving account will yield you about 3 to 4% if you are lucky, of which you will have to pay income tax. So if you can live with $20K to $30K a year that would be fine, But what is $20K a year in 10 years from now with inflation at 3%? Pretty soon the money you will get from the $1M will be nothing, needless to say that if you don't grow your $1M by at least the inflation rate it will be nothing 20 years from today. The best is to invest using a diversified portfolio some US stock (growth stocks), some foreign stock (play a bit on the FX), some bonds (muni to be non tax, government and some crop debt), some index funds, some hedging strategy fund, some REIT. You could use some money for a small down payment on a house (real estate market is really a bad investment right now). Then do not touch the $1M for 5 to 10 years and keep a smart investment strategy and the money will grow nicely, at which point you could start drawing down on it (a little bit).

AlfredChew · Joined: 30 Nov 2004 Posts: 4

In my opinion, the first thing you need is to explore the legitimate money making opportunities available in the market.Find out what suits your preference and style. Then get to explore further and get educated on the subject and be good at it. If you are comfortable and confidence with the return, then it is time you start invest small in your field.By using this proven way, you will be able to save guard your capital at the same time learn to be good at what you are doing and to do it for the rest of your life with passion.

sofreshsoclean · Joined: 04 Dec 2004 Posts: 4

It really depends on what your goal is. Do you want to INVEST or do you just want SAFETY? If you just want safety, a money market account or money market fund with a high yield would be the way to go. Also, a couple of high yield savings accounts would also be the way to go. Another way would be with some government bonds, very safe. If you want to invest, then the stock market would be the best fit. I would fully fund a Roth IRA, buy an index fund with low fees, a no-load growth stock mutual fund, income stock no load fund, and add an international fund with solid, consistent returns.

BarryR · Joined: 09 Dec 2004 Posts: 4

I think it is better to invest in stocks. In a savings account, you would make about $50,000, before taxes. That is not enough for me to live on. If you want to invest in stocks, here are my favorites from http://www.top10traders.comhttp://top10traders.com/ViewPortfolio.aspx?userID=5

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