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chris j | What would be the smartest way to invest $200,000? and would it be possible to live off of the interest? |
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nelson_devon
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I would invest it all in stocks, but I wouldn't quit my job. You would be lucky to make 10% and I wouldn't want to live on only $20,000. |
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Kenneth H
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it depends on your income needs. You can create returns in various ways depending on your financial goals. You can cetainly live off of the interst if you put the proper plan in place. |
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Desertaosis914
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I would invest in stocks but first I would check out this website to help me choose which ones: http://www.conscious-investor.com/ The software costs $997 for one year but it will help you pick the absolute best stocks that will make you the most money. |
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Take Responsibility
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How to invest it? It depends on how much of your net worth does the $200,000 represent, how long do you intend to keep it invested, what's your tolerance to risk.
It is a good idea to diversify--invest in several different kinds of investments. With $200,000, I would probably use carefully selected mutual funds or indexes.
I don't think I would try to live off just the interest on $200,000. If you get 8% return (which would imply that you have other investments besides just bank accounts), you are looking at $16,000 per year. That's not a ton of money--especially twenty years from now when there has been twenty years of inflation but you are still only getting $16,000. (Assuming you have spent the entire $16,000 each year.) |
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bl
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in an impossibly great situation you would earn a 10% dividend, or $20K/year - not enough to live on unless you're moving to the 3rd world.
the smartest investment is probably real estate - now is also a great time to invest in real estate (buyer's market). with $200K you could easily buy and control $2 million worth of real estate - but you better know what you're doing because that's a big nut to cover if you don't have tenant's or have major renovations.
simple and easy is to buy some houses or condo's and rent them. you can make some cash and improve the property value at the same time, the property will continue to grow in value. |
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dawn18415
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You could buy a five unit building with that amount and get 400 a month times 5 units equals 2000.which clearly is over ten percent on your invested capital.Don't do like the little chickens and buy certificates of depreciation you will lose purchasing power when you put it in the bank at 4or 5 percent. |
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Frank Castle
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1) Merrill Lynch.
2) No. |
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Mesocyclone
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Well, to go safe you would be able to get about 4.5% in a CD which would give you $9,000 annually if not compounding. You could also go into the stock market with it and get dividends that could match the percent yield from a CD and you would be able to let the money grow or decay, but chances are in the long term you will experience growth if you pick the right investments, |
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Andre
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I really think it would a bit tough living off the interest on $200,000. It depends on your standard of living and your expenses. You have to figure in taxes on that interest (obviously).
With $200K, I would split it 50/50. One portion being a good, stable stock thats been around for years and pays a high dividend. (8-10% annually). That will bring you $8,000-$10,000 annually (pretax) on the $100,000 principal. Bonds are safe (maybe go for tax free bonds)....but of course the return is less. Risk tolerance is a very important factor to think of. If you currently have good cash flow, then you might decide to take a bit more risk. Dont forget about inflation though. That amount of money you come to depend on in interest or dividends now, will seem much less years from now.
Honestly, If you need about $30,000 a year to live, you would need about $500,000-$700,000 to live on interest or dividends alone. (this is assuming you're paying taxes on your interest/dividends).
If you're young, make sure you preserve your principal, but don't ignore some sort of cash flow on the side (whether its a part time business, whatever). |
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Peaches
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Can you live off the interest?
What are your yearly expenses?
How old are you?
How long do you think you will live?
Its a math formula. We need the info.
Pretty much, if you invest in stocvks alone, you can expect 10% annual return. You would want to reinvest 3% per year to keep up with inflation, so can you live on $14,000 per year pre-tax?
I doubt it.
There are financial rpoducts that can help you called annuities. Go to a financial planner and they can find out how much you can get per year. |
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The Seeker
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Smartest would be to get a competent accountant to help & not yahoo. |
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glamour04111
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stocks- cd- bonds yes you could live off the interest |
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Blu
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You might be able to live off the return, but a 10% per annum return is hard to achieve year-after-year. That's $20,000. Can you live on that? We cannot live on that in Los Angeles, but we have relatives in New Brunswick, Canada, who can. Depends.
As for what to invest in, mostly Common Stocks that you actively manage. Not day-trading, but actively manage. You will not see a 10% return from bank certificates of deposit or any kind of bonds. So, don't even consider them. Open a Internet brokerage account that offers low commissions on stock trades and also gives you about 4% interest on the uninvested cash (that's pretty good, but you may have to settle for 3%). The most important trick is to cut your losses quickly! Let your winners run. |
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