let's say I inherit $1,000,000. that's 20 years of travel on $4k+ a month.

let's say I inherit $1,000,000. that's 20 years of travel on $4k+ a month. how comfy are the richest countries on 4k a month? would I be in nice hotels or hostels?

  1. 5 months ago
    Anonymous

    You can passively invest it and live on $3000 easily

  2. 5 months ago
    Anonymous

    >has 1 million dollarydoos
    >investment-grade muni yields at 4% easy
    >throw half of it in there
    >tax exempt coupon payment
    >can make 20,000 a year
    >doesn't even have to pay taxes on it
    >1600 a month guaranteed
    >preserves original principal
    >buy property and become landlord
    >deduct interest from taxes as well
    >basically get paid by the government to be landchad
    >invest other portions of the 500k
    >never work again
    >do whatever the fuck you want forever

    OP don't blow your million traveling around the world like a college girl

    • 5 months ago
      Anonymous

      College retard forgot about the 10% inflation, thinks he's making 4% ackshully losing 6%. College retards.......not even once

      • 5 months ago
        Anonymous

        first off, you did the math wrong. if you have $1000 dollars, a 4% gain would be $1040. If a laptop costs $1000 dollars, 10% inflation would make it $1100. $1100 is 105.77% of $1040. So you're losing 5.77% to cost of living increases.

        There are also plenty of countries and areas of the US without 10% inflation and do you really expect things to keep going business as usual for years to come? Prices will already have crashed by the time OP uses up his mil.

        • 5 months ago
          Anonymous

          >Prices will already have crashed
          I don't think you understand what inflation is
          If inflation went to 0% today, then prices would stay the same, what you are talking about is deflation which is even worse for an economy and no government will allow it to happen.

      • 5 months ago
        Anonymous

        No that was actually good advice.

        You don't put the entire thing in tax-exempt munis, just a big enough portion to create steady enough income to finance your adventure. You're supposed to diversify your assets other than bonds, but the tax-exempt interest is a godsend for people who just want a super-safe investment with no headache. Also it's more than 4%, because it's not subjected to taxes. Think about how much the IRS takes a cut of your investment, and your 4% is looking like 5.5% or 6% plus.

        As another anon said, Inflation isn't always going to be this bad, which is why you snap up bonds when they're cheap (interest rates are high) if you're planning on holding to maturity (or par call where you get your original principal back) because you're not going to be trading that shit around.

        • 5 months ago
          Anonymous

          College retard advice, you forgot about marginal tax rates and believe CNN propaganda that inflation is transitory

          • 5 months ago
            Anonymous

            >You're a college retard because I never read about this, have no certifications, nor have any idea what I'm talking about but at least I didn't go to school

            • 5 months ago
              Anonymous

              I'm a tax attorney you seething college retard. All you do is post midwit advice from biztards and Susie Orman fan boys. Let the big boys handle this until you file your first tax return

              • 5 months ago
                Anonymous

                That's my first post in the thread. And anyway, what the fuck is your advice then? You seem to be advocating blowing it all now because muh inflation

              • 5 months ago
                Anonymous

                It's a larp thread dummy so my advice is that Mr froggy continue baiting you idiots to mansplain things you don't understand

              • 5 months ago
                Anonymous

                I'll be in the same situation as OP in a few years so fuck me for being curious what people think on this Fijian sweaterknitting website

          • 5 months ago
            Anonymous

            Inflation is objectively cooling you dense cunt. We’ll probably be back at 2% by 2024.

            • 5 months ago
              Anonymous

              Nope inflation is rising

        • 5 months ago
          Anonymous

          >just buy municipal bonds its guaranteed income tax free

          OK genius you just lost 8% of your investment plus another 10% to inflation, now your $ million is down to $820,000 what's the next step? Wait for interest rates and inflation to rise more and lose another 30%?

          • 5 months ago
            Anonymous

            >buying a bond etf is the same thing as buying a bond and holding it

            You could buy a 100,000 par bond 4% that matures next year. You would get 100,000 next year. In the meantime, you would get two payments of 2,000 dollars. Simple as.

            Just because you don't understand anything other than exchange-traded instruments doesn't mean that other types of investments don't exist.

            • 5 months ago
              Anonymous

              College retard thinking, not only did you take on more expenses to buy the bond outright but you lost out on diversification. And you still lost the same value when interest rates rose as the etf holder college boy. You is dumd

              • 5 months ago
                Anonymous

                >investing 10% of your 1 million dollars in an asset class
                >"you're missing out on diversification"
                >muh mark-to-market
                >y-you technically lost money on paper

                He will make 4,000 dollars. He won't get taxed on the 4,000 dollars. The additional 4,000 dollars will be in his bank account next year so he can spend them on anime figures and hookers. The OP doesn't care about his "balance sheet" or his "paper losses" on 10% of his million dollars. He cares about how much money he has in comparison to last year.

              • 5 months ago
                Anonymous

                >He cares about how much money he has in comparison to last year.

                Then he's as dumb as you

  3. 5 months ago
    Anonymous

    put it in a S&P500 fund an you can have your 4000 a month on average without touching the principal.

  4. 5 months ago
    Anonymous

    Follow the advice in this thread. Invest at least half of it in various kinds of asset, including crypto. Live frugally. Don't spend 4,000/month. Spend at most $600/month on rent, cook for yourself or have a live-in girlfriend cook for you. Don't waste money on expensive clothing, hotels, food, or outings. If you use the money right, you'll be able to make a lot more in a short amount of time.

  5. 5 months ago
    Anonymous

    with 1 million dollars you can live off that forever if you invest it in the right funds, you even pay 0 taxes on your withdrawals if the money is invested for more than 1 year and you withdraw less than 40,000 a year

  6. 5 months ago
    Anonymous

    listen to the others. constantly traveling will wear you down and ruin it for you. stay in one place and do something there, immerse yourself in the culture, take short trips nearby places, and move on. constantly being nomadic is tiring and empty.

    trust me. I traveled for ten years. sometimes I stayed in a country for a few years but I still never stayed in the same residence for more than six months. you end up without savings or a backup option, you need to make connections and have work experience to get out of those situations. put at least half in savings, and find something to do abroad at least.

  7. 5 months ago
    Anonymous

    You can tell no anon here is from a sound financial background.

    First OP: Buy a house or apartment. From there, invest in either a bank which is secure and good interest or at least one where you can put a hefty sum away.

    Frpm there, budget and enjoy some travel.

    • 5 months ago
      Anonymous

      Dumbest advice yet

      >invest in either a bank which is secure and good interest or at least one where you can put a hefty sum away.

      • 5 months ago
        Anonymous

        Not my fault your countries banks are third world tier. My advice is for long term. Anyone who suggests crypto should be shot.

        • 5 months ago
          Anonymous

          You are retarded for thinking banks offer good interest rates

          • 5 months ago
            Anonymous

            You dumb retard you can't even read. Forget this section is filled with third world americunts.

            • 5 months ago
              Anonymous

              Seethe more mutt you still won't have a bank account

    • 5 months ago
      Anonymous

      ?t=97

      • 5 months ago
        Anonymous

        >poorfag seething his family never taught him common sense

        Fuck you too peasant

        • 5 months ago
          Anonymous

          sorry, the timestamp is a character outlining your plan as common sense advise. I am agreeing with you

          • 5 months ago
            Anonymous

            I beg your pardon. My apologies, the time stamp went straight to "fuck you". Cheers anon, my mistake.

            Seethe more mutt you still won't have a bank account

            I aint a mutt, thank god.

            • 5 months ago
              Anonymous

              You are or you would post proof

              • 5 months ago
                Anonymous

                Schrodingers Mutt? I don't have proof except I know my favourite colour is red.

  8. 5 months ago
    Anonymous

    Step 1: put $950k into an index fund tracking the FTSE Global All Cap index.
    Step 2: Put $50k as emergency fund in bank.
    Step3: withdraw no more than 3.5% a year.
    Step4: Live your life.

    No bonds, they are dead weight on a portfolio, just adjust your spending and wind it back a bit if there's a bad year.

  9. 5 months ago
    Anonymous

    The only people who should be buying tax free munis are people in the highest income bracket

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