QUESTION - If you had a million dollars

bear_slayer

[Bear_Slayer]

If you had a million dollars to invest, where would you invest it and why there?

What would be the safest investment with the most interest and still be able to get at it relatively quick with little or no fees or fines?

[Bear_Slayer]

Me too.

[G Larry]

IBN
Major bank in India.
Check it’s 5 year performance.

[gridlock]

I would pay Alex Rodriguez to play three innings of baseball...

[gridlock]

I have a million dollars. I just have to get it out of Nigeria and into a US bank account. Perhaps you can help me out...

[LiberationIT]

Making several assumptions including that you’re investing for the long term;

I’d open an account with Fidelity Investments (good web site, low fees (especially with a million on hand.)

Then I’d;

1. Put 3 to 6 Months living expenses in a safety fund invested in a Money Market fund or tax free MMF depending on your income. e.g FDRXX.

2. Max out any 401k’s and IRA’s. Invest these funds in an S&P500 index fund.

3. Subtract my age from 110 and put that percentage of the million dollars in an intermediate gov’t bond fund. e.g. FSTGX.

4. Put the balance in a total market equity index fund. e.g. FSEMX

BTW - I’d do the same with $10,000 $100,000 or $10,000,000. That would be a good starting point.

[LiberationIT]

oops, mistake in the math; 110-age = the amount to invest in equities, balance in gov’t bond funds.

I.e age 30 80% in stocks 20% in bonds. Age 90 20% in stocks 80% in bonds.

[Malacoda]

We wouldn't have to eat Kraft dinner!
But we would eat it -- we'd just eat MORE -- with fancy ketchups.)

[CDHart]

I would tithe to the church, then pay off my debts and those of my daughter.

Carolyn

[meyer]

If I had a million dollars, I'd first put 30% aside for taxes because the greedy, useless idiots in Washington would surely want their cut. Beyond that, it wouldn't be enough to allow me to quit working but I could certainly pay off the mortgage and invest the rest in a diversified family of accounts so that I could retire a bit sooner than I had originally planned.

It probably wouldn't hurt to own a bit of precious metal either, given the direction that the dollar seems to be flowing.

[Mygirlsmom]

Just not a real green dress - that’s cruel!

[stockstrader]

T-bills

[Army Air Corps]

Well, I won the national Lottery of Paraguay (funny, I don’t recall buying a ticket) and as soon as I pay the processing fee, I will be in the money.

[gridlock]

We need more Calgon!

[Malacoda]

I'd buy you John Merrick's remains -- ooh, all those crqzy elephant bones....

I love BNL.

[cbkaty]

Wonder why I didn't have more?

A million just don't cut it today....unless one actually plans on social security and a can of dog food for breakfast, lunch, and dinner.....

[girlscout]

I would buy you a monkey (Haven't ya always wanted a monkey?)

hehehe ... Bare Naked Ladies rock!

[Starter]

Even those fancy dijon ketchups?

(The shame with quoting that song is that half the lines I know from it are never sung the same from concert to concert.)

[YourAdHere]

Porn or beer, two industries that will never vanish.

[word_warrior_bob]

I’m glad someone got it. I just watched The Professional again in high def.