what would you do with $500,000??
01-24-2008, 09:16 AM
#41
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I would buy a Life Insurance Policy for My mom to cover all the estate taxes I am going to have to pay when my parents pass away. 500k will buy 4.8 million in tax free dolloars in a Irrevocable Life Insurance Trust. Then I would live off the interest of the estate and play with my Income from my business.
01-24-2008, 09:16 AM
#42
Ask around. I would gladly recommend the guy I worked for. He was well regarded at Smith Barney. Find a few brokers that are recommended. Go meet with each of them and see who you like the best. There is nothing wrong with interviewing your broker/firm before giving them your business.
01-24-2008, 09:57 AM
#47
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Ill invest it look what kind of % are being offered. Try to invest it and when you get older you wont have to worry about money issues! You i will be set for life. Something involving "no tax" and there is plenty of it. No bank cause they wont give you a good % (interest rate), so you wont be making any money there. Let it sit and collect of the percentage. I have a person that has his own investment company. They are alot of things you can do with it, just need to get the right advice. I would really seriously think of lettting some of this money sit and collect of the interest rate and make sure its a "no tax" deal. There are plenty of them out there. "No tax" basically means you dont pay taxes when placing the money or taking the money out. So therefore your investment is all yours. Not like a 401K plan which is a taxed proposition and penalties if you take the money out before retirement.
PM me for his number and Ill get you in contact with him. His office is of 45N and the beltway. Like they have stated before, there is no problem in interviewing or meeting with the person thats going to place your money in a good safe spot.
PM me for his number and Ill get you in contact with him. His office is of 45N and the beltway. Like they have stated before, there is no problem in interviewing or meeting with the person thats going to place your money in a good safe spot.
01-24-2008, 10:13 AM
#49
If I were you, I'd give me 100k and then I'll help you spend the rest.. Seriously though, GET A BROKER! My dad was VP of Morgan Stanley Dean Witter and I saw his top portfolios and let's just say.... dddddddddaaaaaaaaaammmmmmmnnnnnnn.... didn't know people made millions in a quarter.. INVEST!
what the hell is it? 
