Originally Posted by Reaver »

If I had 10 million right now, I'd put 5 million in a certificate and live off the interest and travel and trade the rest of my life.

Huh?

You mean you'd put it into "Tax-Free Municipal Bonds" right?

[Reaver]

It was for brevity's sake Cooter.

[Nick1984]

Thats my man! I'd do exactly the same thing. If I had 10 million id put about 5million into a regular fixed income instrument and live off that income. Id put 2 million into a small company sector managed fund cause they usually pay nice cash distributions and have nice capital growth, 2 million into property (mostly commercial), and the rest can stay in cash to fund anything else I need.

With that I can sit on any beach in the world I want drinking coffee, playin sports, going out with friends, reading, maybe I'll learn how to paint! Who knows?!? The world would be my oyster.

[Reaver]

Originally Posted by Nick1984 »

Thats my man! I'd do exactly the same thing. If I had 10 million id put about 5million into a regular fixed income instrument and live off that income. Id put 2 million into a small company sector managed fund cause they usually pay nice cash distributions and have nice capital growth, 2 million into property (mostly commercial), and the rest can stay in cash to fund anything else I need.

With that I can sit on any beach in the world I want drinking coffee, playin sports, going out with friends, reading, maybe I'll learn how to paint! Who knows?!? The world would be my oyster.

lol yeah that would be the good life.

Plenty of money to do what you want for the rest of your life. It's funny too, because there are many people who could take 10 million and be broke in a year or less, just check out those people that win the lottery on TV.

I need to go buy myself some scratch and win tickets. lol

[steve46]

Seems to me that attitudes about money (and so many things in life) are formed from the observations we make as children. My earliest observations led me to believe that we "had" whatever we needed. Along the way, I learned (as we all do eventually) that sometimes we have to wait for what we want. I have no idea how I learned it, but somehow I internalized a feeling of having what I needed, and expecting to have what I needed. I attribute this to good parenting. I learned to expect the world to "be there" for me, and for whatever reason, everything has always worked out. I have always "had" enough internal resource to make my way in the world. I am sure I always will.

Money is what I recieve for doing a good job. To me this work (trading) is a challenge first, to figure it out, and to win the game. Then if I do a very good job, I get money.

I think life is simple if you make it so.

Steve