I've played around with this scenario (as I'm sure many other have): say you win the lottery. What would be the best, and most stable, way to invest this so that you could live off a steady, fixed residual income based on the winnings, WITHOUT spending any of the winnings?
So say the reward was $1,000,000... is there a steady investment that would guarantee you 5% (so roughly the same as making $50K a year pre-tax).
Any thoughts about this? What would the best investment scenario be for a situation like this?
(and the irony is, I never play the lottery... but it's still fun to speculate)
2006-08-30
02:44:31
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16 answers
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asked by
Rob
5