 Where do you invest your money? ? |
and out of all the options that you are using which one is safest according to you?
Additional Details
also mention expected rate of return per ... |
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 Is it a good idea to do invest into mutual funds to build a Retirement plan? |
I am 25 and at my job I'm not offered any kind of 401k plan. Is it a good idea to invest into mutual funds to build my retirement plan? As they say, start early. What are my options on this?
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 Is this email a scam? it was my junk email? |
From: Madam Rita Osborne.
42 Dryden Street,
Leicester, L15,
England.
Here writes Madam Rita Osborne, suffering from cancerous ailment. I am married
to Sir Williams ... |
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 I want to become a billionaire. Whatever it takes! plz answer? |
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 Investing my wife's salary? |
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 $1,000 to invest. Which stock should I buy? |
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 Getting started in stocks? |
| I am interested in getting involved in stocks. However, I have no idea where to get started. Any help is appreciated!... |
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brian | I just won a little over 3 million in the state lottery should I take it over 20 yrs or take the one lump sum? |
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vegas_money_man
 |
Conventional Financial Planner wisdom is "Lump Sum". That is why everyone is saying that...
But the best answer is to ask yourself a couple questions first...to find the right answer.
Many lottery winners become bankrupt shortly after becoming winners...either because they did not account for taxes...thought the money would last longer...bought too much too fast...etc.
Ask yourself how well you can budget yourself. I know "budget" when you have 1-2 million after taxes (depending on the state you are in and how much taxes they hit you with)...can sound strange to a lot of folks...but that's what you've got to do.
One Million, earning 7% fixed return (no loss of your original investment)...makes you 70,000 a year in "taxable" income. Are you married, have kids, a mortgage, self employed...other tax deductions to offset the income??? If not you may only end up keeping about +/- 50,000 a year after taxes...per million.
So, One and a Half million could "conservatively" give you about 70-90,000 a year, Minimum(!!!), AFTER taxes "forever"...not playing the stock market, not taking on severe risk of your principal...etc
However, if you think you might be likely to go on a spending spree, blowing a significant amount of money up front and then having only a token amount left over....take the payments. Financial Planners such as myself will typically tell you to take the money in lump sum...but the right thing to do is KNOW YOURSELF FIRST!!!
**Disclaimer...yes, you could make significantly more per year than what I described...but you would risk principal (until interest rates at the longer end of the yield curve rise...a few years from now). |
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Jack
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Actually, you should try another lame method of picking up women. If you really won $3 million, you wouldn't be stupid enough to seek financial advice on Yahoo. (Or would you?) |
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jeff410
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I have to add my vote to the people saying lump sum. Money sooner is better than money later, because ou can invest it. |
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Frank Castle
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Lump Sum and invest that money with the help of a Financial Advisor or Portfolio Manager and he will turn them into $30,000,000.00
Top 10 Answerer in Business & Finance. |
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kadel
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Lump sum. Invest it in rental real estate. The 20 year payout is really the interest on the 3 million |
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leo_7_28
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Lump sum. Even though you'll get less now, over 20 years you'll end up with the same amount. |
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Caffiene Junkie
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If you take it over 20 years, you won't have to work anymore! Plus your future will be secure! |
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Matt
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Lumps sum: you can make more money with a good financial advisor guiding you to a 10% per year return. |
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Amber
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liar |
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Rival
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Marry me? :) take lumpsum and take me on vacation. Then after we are done I'll show you how to make that into 20 million
Rival |
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jardin
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Listen to Vegas_Money_Man |
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mariedolly55
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what was the lump sum and what are the payments?? also do you need the money badly?? |
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catlover_3512
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you should take it over 20 years. that way you will always have a little money in case of something.if you take it in lump sum you might get over excited and spend it all at once. this way you cant. |
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mr._slick
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Take the lump sum, and invest the money. Don't forget that you'll have to pay taxes the following year. Find yourself a good banker, invest wisely, and live off the profits. There's what I call the rule of 72. You divide 72 by the annual percentage profit, and the answer is the numbers of years it'll take your money to double. Live comfortable but lay low on your spendings. Don't be flashy. Most millionaires find ways and means to increase their wealth. |
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traceytanda
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Lump sum |
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lilmikey2246
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take 20 yrs. enjoy your money man!!!! |
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