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A large enough amount of money to be reasonably good with a 2% ROI, then stash it all in blue chips that are somewhat stable-ish. That way you're not temped to
by LeoSolaris 8y ago
A large enough amount of money to be reasonably good with a 2% ROI, then stash it all in blue chips that are somewhat stable-ish. That way you're not temped to do much change to which stocks you have.
Hire a financial advisor that actually has a fiduciary duty rather than a salesman in a nice suit, and ask the adviser to treat your fortune like retiree money.
Basically, the only way to have a better than slim chance to live off of investing is to have a good deal of money to live off of the interest.
- quietthrow 8y agoI firmly believe no one will care for your money than you. In that sense I don’t trust financial advisors fully. I would use them the get knowledge on options I have for a specific scenario. To have a large amount of money in the first place I would need to make a living and when I get good at it I would be able to (hopefully) green rate the large amount of money. I want to be able to make a living by avoiding the 9-5 which have too many variables for me to make a large amount of money- promotions; working on right project ; find a diff project cos this one didn’t have the right growth opportunity. I would much rather focus on one thing and compound my knowledge,skills and abilities. Hence the investing/trading route.