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re: If someone gave you a million dollars ...

Posted on 9/26/14 at 10:06 pm to
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 9/26/14 at 10:06 pm to
quote:

put it into a laddered muni bond portfolio at about 5% average coupon


Someone is completely unfamiliar with current muni rates. Or rates for the past several years either.
Posted by Cajun Revolution
Member since Apr 2009
44671 posts
Posted on 9/26/14 at 11:15 pm to
If they gave me a million dollars? I'd put 70% into an IRA with moderate-risk. Because at 700K at my age, over 30 years at 6% avg. yield means I'm balling.

80K to get clear of all debt, car and student loans.

150K to put dwn pmt on house.

25K to just play with.

45K in Treasury bonds for the frick of it.
This post was edited on 9/26/14 at 11:18 pm
Posted by Korkstand
Member since Nov 2003
28703 posts
Posted on 9/26/14 at 11:52 pm to
quote:

If I had a million dollars I'd buy you a monkey (haven't you always wanted a monkey?)

But not a real green dress, that's cruel.
















and all the fanciest Dijon ketchups
Posted by SEClint
New Orleans, LA/Portland, OR
Member since Nov 2006
48769 posts
Posted on 9/27/14 at 1:00 am to
Open a bar near monteleone, have a couple microbrews to sell but specialize in cocktails that at times could be seasonal. Legit fresh fruits, creativity, passion and care put into the drinks, win bar of the year in new Orleans. invest with some European vineyards, and a local fine dining restaurant.
This post was edited on 9/27/14 at 1:07 am
Posted by LSUFootballLover
BR
Member since Oct 2008
3584 posts
Posted on 9/27/14 at 10:02 am to
quote:

Two chicks at the same time.


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