4 ms·
( hire a finance advisory firm ) but, in broad strokes: 1/3 on fixed interest rates investments ( bonds, probably ) 1/3 on real state ( preferably on low incom
by slipwalker 9y ago
( hire a finance advisory firm )
but, in broad strokes:
1/3 on fixed interest rates investments ( bonds, probably )
1/3 on real state ( preferably on low income areas, small condos, easy to rent )
1/6 on high risk ( crypto currency, penny stocks )
1/6 on high liquidity ( savings account on variable but low interest rate ) for some quick opportunity that might arise.
don´t touch the principal, EVER !
live out of interest.
- bsvalley 9y agoLooks like I'd need a few down payments to invest in rental properties as well as raising my debts. Unless I'd pay these rental properties cash. Which means I have to touch the principal in that scenario. I'd pay income tax on those gains so I better nail that one down. Investing in crypto means converting some of that principal into money I could afford to lose. So 'technically' speaking there would be no income from that. Savings account don't give much, we're talking pennies here. Seems that bonds is the most stable, reliable source of lazy/passive income, but it's very small compared to the average cost of living in the US. So, ultimately I'd go back to my principal to cover some expenses...