IF I HAD A PROFESSIONAL BROKER INVEST A MILLION DOLLARS FOR ME, HOW MUCH MONEY PROFIT COULD I EXPECT TO MAKE?

What’s the normal % of distinction I could have off of my money.
Like, for e.g. if I had the million bucks, as well as longed for to live off of the interest, how most could I design to get the year?

{ 2 comments… read them below or add one }

dad_brad January 19, 2011 at 10:50 am

depends on what you tell the broker to invest in. Your risk tolerance will dictate your return.

IF you just put a million dollars in a 2% money market savings account you’d get $20,000 per year before taxes.

In the stock market, some years you might get a return of over $100,000 other years your investment may be worth less than the original million.

If you wanted to live solely off the interest you’d need a fixed income investment — like an annuity or CD.

Paul January 19, 2011 at 11:39 am

At least $45,000.

That kind of income is easily attainable with a diversified (and still conservative) bond portfolio and still leave room for some dividend paying stocks for growth.

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