Whee after you make your millions and don't want to spend it all before you're 50, see your local banks and load up on 7% CDs when the market is high. Then take a little and waste it on fun. Take what's left and keep trading. Wheeeeeee...
I understand the purpose of getting such an investment. I have the million and I'm past 50: WHERE can you get a 7% secure, locked-in investment?
See my edited post at 09-03-08 09:09 AM. Add: no bonds, nothing not convertible to cash in an instant, and no real estate.
if you have a million, you can live of the interest for the rest of your life... 40k a year with 4%, ofcourse you have inflation, but if you have 2 million, you would use the 40k from the other mill to fight off the inflation. 2 million means you never have to work again (if you can live of 40k a year) so you should really try new things and stuff like that
I retired twice. Once from my job, once from trading. I am obviously trading again. A million bucks is not enough to live a lifetime anymore, even getting 7% interest, unless one moves to a third-world country or the zona along the Mexican border...