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Investment for millionaires? |
I have got a very good saving account at 5% interest... For sure people with such amout can find ways to get better return. But I do believe that there is some people out there who simply like to share. I guess you don't realize that you can get a lot better interest than that with a million dollars. Haha...nice dream. Yeah, all I want is 60,000. House would be paid off and life would be good. I'd be able to stay home and raise babies. We could definately afford to live off of my husband's salary without the mortgage! A Municipal Bond ladder would also make quite a bit more than 5%..... |
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By convention, 6% annual interest, compounded monthly, implies a 0.05% monthly interest (6% / 12). Step 1: determine the amount of (principle) you'll need to pay out $200 a month at 0.5% mo... Most compounding comes from the investments giving you the highest rates of return every year. All you can do is find good funds (regardless of any account) that has the potential to give good ret... The value of $10,000 at 6% is $600. That determines the expected value of the speculative investement must be greater than $600 for it to be the better choice. (10,000 * 0.15) (x) + (10,000... If the options are annuities, you are best off investing primarily in mutual funds in an IRA. An annuity may be a good idea at retirement, but makes little sense inside a tax deferred account.... VUL is not a good policy because the rate of return is very low. According to the table of cash values, you will be little for your paid premium. You will not get the face amount, you will be ge... Correct. It goes on Schedule A and is limited to 2% of your adjusted gross income. ...I think your Demat account (held jointly by your son and you) shall be frozena s your son's PAN card shall become invalid owing to him becoming a US citizen. So my suggestion would be that ... You can open one or as many as you like. I opened one a Charles Schwab (22 years ago). I have stocks, Mutual Funds, Reits and ETF's in it. I've got great flexibility. What ever you d... |
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