http://iamamazing.wordpress.com/2007/02/01/if-buffett-had-1-million-dollars-he-would-invest-in/ Insights into Investing, Economics, and Politics Sat, 02 Aug 2008 21:06:06 +0000 http://wordpress.com/ hourly 1 http://iamamazing.wordpress.com/2007/02/01/if-buffett-had-1-million-dollars-he-would-invest-in/#comment-2169 Estelle Edwards Tue, 13 Feb 2007 22:33:55 +0000 http://iamamazing.wordpress.com/2007/02/01/if-buffett-had-1-million-dollars-he-would-invest-in/#comment-2169 I don't understand why anybody would need help to invest one million dollars. It would simply be a matter of looking around for an investment product that pays a reasonable amount of interest: enough to live on while not touching the principal. Why pay somebody else for something you can easily handle yourself?...especially if you happen to be single. Five percent interest on one million is approximately $50,000. (I say approximately because I'm not doing compounding on a monthly basis. It's very involved to figure that stuff out, especially if you don't have the right type of calculator.) I would divide that $50,000 by 12, which gives you $4166 per month (I dropped the string of decimals, .66666...). Now, all you would have to do is live below your means and not go crazy: find a place to rent that's very reasonable, like under $1000, or, if you prefer a house, a reasonable mortgage.) No matter how much money you make, the trick is keeping most of it and not kicking it into high gear with an extravagant lifestyle! This would be a great enough strategy for somebody who is single, has no kids and not a whole lot of consumer debt. Just my opinion.....I'm not a financial services professional or anything like that. I don’t understand why anybody would need help to invest one million dollars. It would simply be a matter of looking around for an investment product that pays a reasonable amount of interest: enough to live on while not touching the principal. Why pay somebody else for something you can easily handle yourself?…especially if you happen to be single. Five percent interest on one million is approximately $50,000. (I say approximately because I’m not doing compounding on a monthly basis. It’s very involved to figure that stuff out, especially if you don’t have the right type of calculator.) I would divide that $50,000 by 12, which gives you $4166 per month (I dropped the string of decimals, .66666…). Now, all you would have to do is live below your means and not go crazy: find a place to rent that’s very reasonable, like under $1000, or, if you prefer a house, a reasonable mortgage.) No matter how much money you make, the trick is keeping most of it and not kicking it into high gear with an extravagant lifestyle! This would be a great enough strategy for somebody who is single, has no kids and not a whole lot of consumer debt. Just my opinion…..I’m not a financial services professional or anything like that.

]]> http://iamamazing.wordpress.com/2007/02/01/if-buffett-had-1-million-dollars-he-would-invest-in/#comment-2133 Dennis Fri, 02 Feb 2007 01:27:49 +0000 http://iamamazing.wordpress.com/2007/02/01/if-buffett-had-1-million-dollars-he-would-invest-in/#comment-2133 C'mon now... Hand over the information and no one gets hurt... C’mon now… Hand over the information and no one gets hurt…

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