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jmowreader

(53,233 posts)

32. You can buy $5 million in T-bills

Mon Jan 11, 2016, 11:57 PM

Jan 2016

And 1-year CDs have a pretty decent (for this day and age) interest rate...if you get your financial advisor to give you $1M to spend on bill payoff, house, car etc., bury $5M in 1-year T-bills, and buy $5M 1-year CDs in as many different banks as you have money to do, you should be reasonably safe. Any legitimate charity you want to richly gift is gonna be there when all those CDs mature and you pay your taxes.

Good call on Jim Cramer.

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Yes, of course, the payout is the same discntnt_irny_srcsm Jan 2016 #11

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Yeah, the 14.6% beyond the 25% withheld could be invested separately... Roland99 Jan 2016 #29

It'd have to be invested in something very safe jmowreader Jan 2016 #30

Just see what Jim Cramer is recommending... Roland99 Jan 2016 #31

You can buy $5 million in T-bills jmowreader Jan 2016 #32

T-Bills would be safer than CD,s A HERETIC I AM Jan 2016 #39

Exactly, but they don't let you buy as many as you'd need jmowreader Jan 2016 #40

Sure they will A HERETIC I AM Jan 2016 #44

What are you thinking, buying in the secondary market? jmowreader Jan 2016 #45

Of course A HERETIC I AM Jan 2016 #47

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I was thinking of something like that NewJeffCT Jan 2016 #43