this to earn yearly income for me?
2007-07-14 05:43:59 · 8 answers · asked by cmhohioman 1 in Business & Finance ➔ Investing
this question can not be honestly answered outside the context of a complete financial plan for the remainder of your life.
the complete situation ... assets, debts, future incomes, future expenses, risk levels, and on and on need to be assesed BEFORE you 'invest' one dime more.
otherwise, the most plausible salesman who gets ahold of you in the next few weeks will make a very nice commission at your expense -- and you'll probably be sorry he did within five years.
learn first, invest later.
GL
2007-07-14 06:00:04 · answer #1 · answered by Spock (rhp) 7 · 2⤊ 0⤋
Realistically, if you wish to preserve the $300,000, you can expect to earn 4-5% a year from it if you put it in a high-yield savings account, which means a monthly check of about $1,100 (before taxes & capital gains).
If you are willing to take a minimal amount of risk, a FAR more profitable move would be to invest the money across a group of stock mutual funds (chosen based on your age), if you are 35 now, that $300,000 could EASILY grow to between $2.5M and $3M by the time you retire.
2007-07-14 05:59:27 · answer #2 · answered by Anonymous · 1⤊ 0⤋
This advice is best for a resident of the United States.
If you live in a state with an income tax, you will probably want to shield this income stream from tax. Go look through the newspaper or online for a "double-tax free fund." Some are named MA-tax free or CA tax-free. These invest solely in municipal bonds of the state referenced. These are exempt from federal income tax or state income tax.
You'll get about 4% or so on your money - about 12K a year, without touching the principal, with no tax.
If you don't live in a state with an income tax, or your bracket is low, then use it to buy a bond fund. There are many, many out there, which will do a monthly payout. I strongly suggest looking for high-grade debt. This can probably get you more. Again, this is an income stream, and the value of the principal won't go up very much.
Or, just buy a bunch of Certificates of Deposit and ladder them. Very safe. It's a question of how much risk you are willing to accept.
2007-07-14 05:56:16 · answer #3 · answered by John T 6 · 1⤊ 1⤋
This is a really important question and as I told someone else who was going to invest some money, please don't ask that question on here. Go talk to your banker and get his/her advice. If you want an agressive plan, you can earn quite a bit, but if you want something stable, or a conservative fund, you could earn between 4 and 8%. You could invest in mutual funds that would give you an income, but not a lot to live on.
Invest it carefully, and your investment could double in the next ten years. Then, you could get a yearly income that you could live on.
But,please go to a bank.
2007-07-14 05:53:28 · answer #4 · answered by David L 6 · 1⤊ 0⤋
Any decent Mutual Fund will return at least $60,000.00 every year and I will return at least $75,000.00 every year without risk or at least $100,000.00 every year with a high risk (25%)
I am a Portfolio Manager with over a decade of experience in the Stock Markets.
2007-07-14 11:29:27 · answer #5 · answered by Anonymous · 0⤊ 1⤋
On one hand you say if I had... and on the other you say you have inherited it. There is something phony here dude.
2007-07-14 07:40:07 · answer #6 · answered by Anonymous · 0⤊ 0⤋
it depends on the risk you are willing to take...you could possibly see 8-9 percent return if you are the gambling type.
2007-07-14 05:48:03 · answer #7 · answered by Bill L 3 · 0⤊ 2⤋
Put it in an account and you can double it in 3 years
2007-07-14 05:51:46 · answer #8 · answered by Anonymous · 0⤊ 4⤋