stable income with minimal work. something automatic.
what would that be?
2007-12-21 03:43:29 · 14 answers · asked by Anonymous in Business & Finance ➔ Investing
XXX I need to sit and think about it carefully
2007-12-21 03:47:13 · answer #1 · answered by SELMA S 3 · 0⤊ 0⤋
CDs are super lame. You can get savings accounts online that have no restrictions and have 5% interest. I have my account at www.ufbdirect.com and it pays 5.22%. I live pretty simple so if I had a million dollars, I would put the money into this savings account and make $52,200 a year on interest and I would not work.
2007-12-21 13:49:53 · answer #2 · answered by Dom 5 · 0⤊ 0⤋
I would put it in a high yielding bank account. If I had much less than 1 million, I would probably invest in stock or trading. 1 million is like a goal that most people want to get to. I'm trying http://www.userfriendlyforex.com to build myself up.
2007-12-21 16:38:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I would immediately buy a 3 month cd. In 3 months when I get my money back I would buy a homebuilder's stock. Do you homework on them. their prices are beat up right now due to the mortgage mess. You will need to wait a couple of years but when the turnaround comes your money should double within 4 years.
2007-12-21 11:46:54 · answer #4 · answered by Yeppers! 2 · 0⤊ 0⤋
I would establish a 10% 'tithe' to be used for my personal needs and retirement and/or investments.
The other 90% I would give away to well-managed charity organizations that help people truly in need, including those who are underprivileged, disadvantaged, disabled, sick, elderly, unemployed, under-educated, homeless or hungry. That's the best investment anyone make. -RKO- 12/21/07
2007-12-21 11:53:19 · answer #5 · answered by -RKO- 7 · 0⤊ 0⤋
Buy the stock HTE. You would make 180,000 dollars per year(candian $ so if the US dollar continues to fall, your income goes up!) Then when HTE goes to 30 sell it and you would have 1.5 million dollars.
2007-12-21 12:37:03 · answer #6 · answered by Anonymous · 0⤊ 0⤋
every million you have in the bank you make $60,000 off the interest alone. So keep a million in the bank.
2007-12-21 11:53:48 · answer #7 · answered by sunny r 3 · 0⤊ 1⤋
Yep Real Estate... and also CD accounts
2007-12-21 11:46:50 · answer #8 · answered by londonwprincess 2 · 0⤊ 0⤋
I would definitely invest it in property
2007-12-21 11:51:23 · answer #9 · answered by Mwhite 2 · 0⤊ 0⤋
I would put in the bank all thoes pound notes.££
2007-12-21 11:46:40 · answer #10 · answered by Tomm 2 · 0⤊ 0⤋