Best way to invest with 10 million for someone

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that does not like to gamble with Wall Street?

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Either you're trolling or very dumb

For all intents and purposes, the actual number doesn’t meaningfully impact the way you actually deploy it other than you may be more conservative with the money in an uber high net worth scenario.

You could go put the $10M in SCHB and live off the dividends alone.

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buy long term treasuries, live off the interest. This isn't hard

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Hard enough that you got the wrong answer, which is:

Find the highest-quality muni/tax-exempt you can find and do that. Tax-exempt bonds almost always trade cheap to what the implied price should be based purely on the tax savings.

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I'm buying T-Bills and payn the tax. I can stand it on 500,000$ plus a year. Munis give me pause after some that I've seen issued in this area especially revenue bonds. I'll stick with bills and notes maybe for the foreseeable future but I acknowledge there's other ways to go about it. It really depends on your personality and what you're comfortable with.

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You'll be paying almost 40% in federal income tax on that.

For tax-exempt of similar rating (AAA, although one ratings agency downgraded US to AA), you can make WAY more.

Presently, 30-year Treasuries are yielding about 4.4%. After fed tax, you get to keep 2.77% - $270K on your $10M base.

30-year tax exempt are yielding 4.04%. After the no tax, you get to keep 4.04% - $404K on your $10M base. That is 46% MORE.


I'm not necessarily arguing not to stay in Bills while the front end is this high (you can get 5.5% in USFR). You'll earn a 3.5% after tax yield, which is pretty defensible for keeping the near-total liquidity. But if/when the curve flattens/goes back to something more normal, long-duration munis is the way to go for you.

I would hope like hell that someone who had that much money to invest could get better advice for their future than some guys on a random message board

This is a message board so why would we hate on a thread with a hypothetical to drive discussion?

Bond ladder.

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Either you're trolling or very dumb Not dumb. Coming from a modest life. Marrying into it.

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Then why are you concerned? Who is managing it now?

Wall Street is not gambling, it’s investing. Sure bonds sound great right now but what’s even better than a 5% return is a 10% or 15% return.

There’s a reason why there’s so many portfolio allocation suggestions. Unless you want income now, there’s no reason to invest percentage wise differently if you have $100,000, $1 mil, or $10 million.

You need to read up on some investment allocations OP.

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that does not like to gamble with Wall Street?

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You shouldn’t be making any real world decisions with money if you think investing broadly in the stock market is gambling.