2 ms·
I would buy a high yield stock like wells fargo. With 8 mil after taxes, you could buy enough wfc to payout 220K a year in dividends before a paltry 15% tax. Yo
by johnwheeler 8y ago
I would buy a high yield stock like wells fargo. With 8 mil after taxes, you could buy enough wfc to payout 220K a year in dividends before a paltry 15% tax. You’d likely receive increases every year and as you did, your stock would appreciate.
You might not like the idea of wells fargo or financials, so find some other lesser yielding stock(s). Never sell them and try to reinvest dividends at 50% with your minimal expenses.
A lot of people won’t find this sound advice, and you’d have to do your own homework so when you buy, you understand what you’re buying.
But, treasuries are too conservative, as is John Bogle in general.
- kgwgk 8y agoYeah, why do something conservative when you can invest your $8 million in Wells Fargo shares. What could go wrong?
- johnwheeler 8y agoThis is why I love investing. So, I’m getting downvoted, but I understand where it’s coming from. Either Wells hate, non diversification, or financials / financial crisis. Or all 3. But, for me anyway, investing is about being rational. Do you really think you’re in a better position working at a nonprofitable startup (like a lot of us are), or owning 8 million worth of a company that nets 20 billion a year? Im not trying to be snarky. Im being dead serious. People read things that go against the crowd and they follow the herd. Being contrarian doesnt make one right—being right makes one right.