soo what would you do ...

[thorsim]

(Image removed from quote.)

sorry, was intended as a non specific "you" as in ...

"one needs money for that?"

[Shamus]

Hmm...
If I had a million dollars, I would find a well rated bond that pays a 10% coupon annually.

That would give me a passive income of 100,000 a year before taxes, more than sufficient to cover costs of living. Then I would use whatever money I get from my job to do fun stuff. I.e., save up for a ride in a 190...

Good luck with that, any bond paying 10% I would equate with the stability of a 3 card monty game in the alley behind the local 7-11.

shamus

[boomerlu]

Good luck with that, any bond paying 10% I would equate with the stability of a 3 card monty game in the alley behind the local 7-11.

shamus

At the risk of a hijack, everything carries risk, even treasury bonds. It's how you manage, mitigate, or route around that risk that matters.

[wgmount]

Hmm...
If I had a million dollars, I would find a well rated bond that pays a 10% coupon annually.

      Good luck finding a well rated bond! Best I could find was a Baa3/BBB- that paid 4.5%.
Well rated and bond shouldn't be used in the same sentence.

[boomerlu]

      Good luck finding a well rated bond! Best I could find was a Baa3/BBB- that paid 4.5%.
Well rated and bond shouldn't be used in the same sentence.

Seeing as how we're in full hijack mode now...
I concede a well rated 10% coupon is nigh impossible. On the other hand, speculative grade with 10% YTM backed up by hefty due diligence...that's something else.

Well rated and bond? Umm... if nothing else you can go buy treasuries... . They're literally off the scale.

[Jappa52]

both of my posts are from the same movie. in the movie its asked "if you had a million dollars..." or something similar. sheesh