/biz/ - Business & Finance

[Anonymous No.23393473]

I've heard the statement that if you had 3mil cash you could live off the interest
How would you even do that?

[Anonymous No.23393503]

Look into FIRE.

Buy the S&P500 index and live off of historically average (over the last 100 years) 8% yearly gains.

Ideally, you should live off of 4%.

[Anonymous No.23393539]

>>23393503
This and you could also throw it into dividend stocks.

[Sage No.23393548]

>>23393473
Fucking mongloid think about it. You dump it all in the SPY you get 2% divvies annually ($60k) on top of principal growth. You put it in SPYD you get 5% annually plus principal growth ($150k). You put it in AmEx high yield savings you get $60k annual but no principal changes. You put it into bonds you get that yield. Think for a second.

[Anonymous No.23393574]

>>23393503
>>23393539
Thank you, I guess I should just talk to an accountant but I'll bring this up
>>23393548
It's not exactly common knowledge lol but thank you

[Anonymous No.23393578]

$3 million would be easy as fuck. You could probably do it on a few hundred thousand if you're frugal in the beginning and take a little bit of risk.

[Anonymous No.23393587]

haircomb token