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2010 2011 BMW 5 Series Forum F10 Let's say you had $1.5 million in an account... |
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06-16-2012, 05:03 PM | #1 |
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lets just say...
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BMW: THE ATHLETE IN A SUIT
Last edited by mpower4life; 10-28-2012 at 08:10 PM.. Reason: confidentiality |
06-16-2012, 05:04 PM | #2 |
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See the thread about the guy who won the lotto. Same advice applies.
Seriously, with that kind of cash sitting in an account, you should be talking to a wealth management specialist.
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06-16-2012, 05:09 PM | #3 |
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+1
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06-16-2012, 05:31 PM | #4 |
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buy property, or develop property on the cheap.
stash the rest in and offshore account that gives between 8-10% interest. Start a small business, incorporate, have your employers hire you through your business, lower your tax rate by about 15 - 20%. sit back and collect checks for 10 years and stash as much as you can. Prep for early retirement. |
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06-16-2012, 06:27 PM | #8 |
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06-16-2012, 06:51 PM | #9 |
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Yes if you want to dabble in Greek or other equally risky debt... Buying bonds does not ensure you don't lose your principal.
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06-16-2012, 07:18 PM | #11 |
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I just want to say one word to you. Just one word. Plastics
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06-16-2012, 07:35 PM | #12 |
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Sweet home with a four car garage and a lift. GT2 RS, enclosed trailer with one of those cool dualie truck with the low profile semi rims/tires. 2013 M5 to drive to work.
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06-16-2012, 07:56 PM | #13 |
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This thread belongs in the off-topic section
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06-16-2012, 08:41 PM | #15 | |
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06-16-2012, 08:46 PM | #17 |
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06-16-2012, 08:50 PM | #18 |
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The suggestion was to start your own company and then get the OP's current employers (i.e. the ones he'd be leaving to start his own company) to then hire him by contracting with the new company he starts. Generally that results in far more income than being a direct employee, and the income has a better tax rate.
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06-16-2012, 09:33 PM | #21 |
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Bingo. Just what I did!
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06-16-2012, 09:39 PM | #22 |
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You do for the type of chicks that would double up on a dude like Darth One
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