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/biz/ - Business & Finance

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16483320 No.16483320 [Reply] [Original]

someone gifts you 1 million tax free. how do you sustain your life with that?

>> No.16483332

>>16483320
with 1 million you can just buy a bunch of stocks and live off the dividends

>> No.16483340

>>16483332
r u sure?

>> No.16483452

>>16483320
>Buy 1,000,000 USDC
>stake at crypto.com
>live off 120,000/year for the rest of my entire life

>> No.16483812

>>16483340
If you put it all on stocks paying 4% dividends you'd get an income of 40,000 a year for zero hours of labour. Not really enough imo, maybe better to go with corporate bonds with slightly higher rates.

>> No.16483822

>>16483812
what are the risks associated with corporate bonds? and how do i buy them?

>> No.16483832

>>16483320
all in chainlink
anything else is stupid

>> No.16483841

>>16483822
You buy them through a broker. The risks are ofc the company going bankrupt so you still have to do research. Also the company can always (usually) buy them
back from you cucking you out of a good yielder. With corp bonds you are better protected than with stock since in the event of bankruptcy bondholders get paid first. You still wont recover most of the investment though.

>> No.16483844

>>16483320
800K in dividend stocks, 100K to start my own business, 90K in Silver, 10K Gold. I can live comfortably off of the dividends alone so even if my business fails I'd be set for lfie

>> No.16483872

I'd be happy with 3-4% returns. 30-40k a year is more than the 28k I currently live on. 28k a year is pre tax, pre pension, pre student loan and I still save 4-5k a year of that so 40k would maintain my current standard of living and I'd actually add to it even if I didn't still work in some capacity.

>> No.16483884

>>16483452
>lost a million bucks to a ponzi scheme

>> No.16483973
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16483973

>>16483320
All in SOXL the 3x semiconductor ETF. Think about it, this shit is 21st century techno-crack. CPUs, GPUs, microcontrollers, sdcards, RAM, SSDs, internet of things shit, chips for machine learning, smartphones, and on and on. Semiconducters are the one thing that no matter how many are made, how fast or efficient, the world has an insatiable appetite for more. There is no practical limit to the demand. SOXL is made up of nVidia, Intel, Qualcomm, Broadcom, and a bunch of other chipmproducing companies. This thing has 42x'd in the last few years and will probably 420x in the next 2 decades. All in, love frugally and be a billionaire when you are 45.
Thank me later.

>> No.16484147

>>16483844
something like this is the most intelligent answer

>> No.16484164

>>16483812
The reason why this is a bad idea is because you slowly lose your investments and dividends to inflation. You would need to continually reinvest that 4% just to keep up

>> No.16484177

>>16483320
$450,000 in LINK, $450,000 in RSR, and $100,000 to live off of for the next 1-2 years.

>> No.16484180

>>16483320
Buy million dollar kneepads suck a million dicks for million dollars a shot

>> No.16484426

>>16483812
I make 32k a year working 40 hours a week so I would be pretty happy with 40k a year not working a single hour.

>> No.16484511

>>16484164
Well in theory the stocks would also be going up in value and the dividends periodically increasing. But yeah dividends are kind of dumb

>> No.16484535

>>16484426
would be nice 2bh

>> No.16484547

>>16483320
Buy an apartment and leech off of people that actually work.

In shitmerica, wagies lose. You win by profiting from the wagies.

>> No.16484611

>>16483320
Half a million in an interest-bearing account or managed fund to produce about $500 net a month to feed & house me indefinitely.

The other half? *sips* How long of a story do you have time to hear?

>> No.16484640

>>16484611
lmao checked and based, go on anon

>> No.16484666

>>16484611
>500 enough to survive
where do you live where 500 pays for your whole cost of living?

>> No.16484675

>>16484611
Kek

Tell us about your future escapade

>> No.16484736

500k on FTM MTV PNK
Buy a house with the rest.

>> No.16484768

all in eth

>> No.16484786

>>16483320
>buy several k worth of your favorite fetish porn. Watch free tube porn for 3 days, then then one fetish clip you bought. Next three days watch tubes, then one clip of paid for clips. This leaves room for you to watch two bought clips if you can’t restrain yourself
>buy link
>buy precious metals
>keep a good amount of cash to buy the big dip, and metals for when shtf.
>eat healthy food, but don’t eat out morw than twice a month. you can’t enjoy wealth without your health
>fap enough so that you don’t fall for the pussy trap.

>> No.16484815

>>16483320
>100% total world stonks etf

Thats what im already doing.. pretty easy life when u get 20k a year in div

>> No.16484869

Simple, I buy this home I am renting which is on land.
I get a small tractor, and spend some money on piping.
Then turn a plot of soil, treat it, and utilize the hemp license to produce hemp fibers for the local hempcrete company.
Expand yearly.
Comfy.

>> No.16484871

>>16483884
>never makes it because he can’t tell a scam from the most legit project in crypto

>> No.16484989

>>16484786
>buy several k worth of your favorite fetish porn. Watch free tube porn for 3 days, then then one fetish clip you bought. Next three days watch tubes, then one clip of paid for clips. This leaves room for you to watch two bought clips if you can’t restrain yourself

literally this
https://www.youtube.com/watch?v=HUngLgGRJpo

>> No.16485148

Build 10% dividend portfolio
Live off 100k a year
Portfolio appreciates in value, doubles in 5-10 years
Now living off 200k a year
Comfy.

>> No.16485250

>>16485148
Show me the stocks that yield 10% that aren't shit