emily51501
New member
As the title says, the aspiration is to receive 200k/month interest for a lifetime from funds deposited in a solid financial institution. I’d really like to hear the advice of the financially savvy on a) how much to put?, and b) where?
Obviously, a loooot of money will trickle down 200k monthly, maybe even more. The challenge is in allocating the least amount to get to this magic number. Bank td rates are currently at 6%++ net and dropping, but I read everywhere here about interest rates north of 7%. Where???
As the goal is perpetual, the length or duration of the term or period is unimportant, so long as the interest is again, paid out monthly. So no compounding, no real estate invesment, etc etc.
Edited to add:
Starting a business, even with a generous 25%-30% statistical chance of being successful after 5 years, is also not an option in this query.
Obviously, a loooot of money will trickle down 200k monthly, maybe even more. The challenge is in allocating the least amount to get to this magic number. Bank td rates are currently at 6%++ net and dropping, but I read everywhere here about interest rates north of 7%. Where???
As the goal is perpetual, the length or duration of the term or period is unimportant, so long as the interest is again, paid out monthly. So no compounding, no real estate invesment, etc etc.
Edited to add:
Starting a business, even with a generous 25%-30% statistical chance of being successful after 5 years, is also not an option in this query.