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| quote: | Originally posted by all-nite-freak
OMG they are going to think i'm a terrorist at the airport tomorrow cuz im fidgeting and anxious. |
LOL you're far from looking like me, Jay; you have nothing to worry about! 
P.S. so how's this social experiment going for you? 
| quote: | Originally posted by jesteraver
So, if you want to relax and enjoy life all I can say, mutual funds. |
Worst advice ever.
| quote: | Originally posted by jesteraver
1. $1 mil US use it for about 16 years ($62.5k US).
2. Have the other $2.5 mil US in high interest bank accounts (which should earn you about $87k USD a year in interest, so for the next 16 years you will get $1.392mil USD in interest, take that out and start all over again)
3. $2.5 mil US in mutual funds and in other investments (check them every month, only change if need be, if doing well do not touch the money in the next 30 years)
4. $1 mil US in different developments (purchase and rent out the units for 30 years)
Hopefully in 30 years from now. You can actually be worry free other than passing on. You will have $3.8 mil USD in a bank with the interest. Your mutual funds and what not hopefully went from $2.5 mil USD to $12 mil USD. Also hopefully your $1 mil US in different developments turned to $2 mil - $3 mil USD
Not sure how old you are Jay but so say when you turn 65. You can have like almost $20mil. Took you 30 years to turn the $7 mil US to $20 mil but hey you will for sure be secure for pretty much the rest of your life. |
Big improvement, except for mutual funds...#1-2 and 4 are excellent suggestions. For investments, there are much better ways to reduce your risk and attain higher yields, but you'll have to pay me to get my advice! 
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