Confused wrote: longview wrote:
beachplum wrote: If I had a 25 million windfall today, I wouldn't put all if it into the stock/bond market either. why does this person need to do that? Or did I misread something.
But where else would you put it?
$25 million? I'd put it in FDIC-insured savings accounts and CDs. Once I've won the game, I'm taking my cards off the table.
I would figure up what I need to live on, then double it. That amount, I would put into a FDIC insured CD. I would then do a standard allocation of all thats left.
Me personally, my goal would be a 3 million, 4% withdraw, 120K/year. I would double that, probably triple it. 10 million into the account, the other 15 million I would invest. I would then try my hardest to spend the 'profit' that it makes each year. I would consider that free money that I dont care about. Ferrari fund, private jet rental fund, donation fund, neighbors kids college fund, etc. Spend at will and as needed. If it loses, dont spend that year.
I will never have a 25 million dollar windfall, but if I did, thats what I would do.