Bill Gates = Stud

[Crash]

$10 Million heh, you'd be able to stick it in an account and make $1 Million a year by sitting of your butt...

What??? that's only $84,000 a month and $2800 a day... how can anyone live off that?

[bobcat]

ahhahaha

[Happydude]

Originally Posted by Crash

$10 Million heh, you'd be able to stick it in an account and make $1 Million a year by sitting of your butt...

What??? that's only $84,000 a month and $2800 a day... how can anyone live off that?

isn't interest something like 2.5% a month? if it's in one of those whatcha-mucallit account?

[Yan]

Is that actually Bill Gates or a look-a-like?

Seriously, I haven't actually scrutinised his face thoroughly before so I only have a vague idea how he looks like. >.<

[Professor S]

Originally Posted by Happydude

isn't interest something like 2.5% a month? if it's in one of those whatcha-mucallit account?

If its in a CD. Davings accounts generally only pay out less than 2% for really good ones and checking accounts are only a fraction of 1%.

[Happydude]

ok...well...even 1% a month of 10mil is 100,000.....man....*shakes fist*

[Crash]

a short term cd pays out like 2%, a savings account with a million, probably 2.5%, an annuity willl give you probably 5% but what I meant is a variable annuity which gives you between 10-15% realistically over a 20+ year period

[Stonecutter]

Originally Posted by Happydude

isn't interest something like 2.5% a month? if it's in one of those whatcha-mucallit account?

Maybe in a CD.

You probably can get like 4 or 5% on a RothIRA.


And there are some high yield stocks that might net you 7 or 8% But those carry more risk.


Edit: strangler and crash got here first