If I had a million U.S. dollars, I would give it to….
The United States government.
I wouldn’t give it per se, I would…let them hold it in exchange for cheques cut out to me every 6 months for 4.5% to 4.7% interest every year for a 10 year arrangement. Of course, I could do a 30 year arrangement too.
At those market interest rates, I could expect to earn $40,000 to $43,000 every year (after taxes) for either 10 or 30 years with my $1,000,000 returned to me at the conclusion of the term. They would just cut an interest cheque for $2X,XXX every 6 months for me.
Of course, the real magic would happen if I had more than a million dollars. Through the power of extrapolation, I could imagine the cheque every 6 months if I had – say – $4,000,000 or $6,000,000.
And this is backed by the full faith of the United States government. What they call the risk-free rate.
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this is literally me at least 7 times a day working out in my front and backyard. maybe this is why my neighbors often leave cooked food on my truck bed for me, lol.
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