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  1. #1
    Banned jackamo2887's Avatar
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    How much money can you make off interest on 5,000,000 dollars? (srs)

    After taxes and everything else...what kind of a return can you see off this?

    Maybe 200,000?
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  2. #2
    Operation Discovery LiftingDutchMan's Avatar
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    around 12k a month with a GIC.
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    Registered User hawtsauce's Avatar
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    in the bank? be careful since you are really only insured up to 100000$

    if you spread that out, you could make like 25k$ a year off each

    or invest in bonds for slightly higher interest rate





    rep me? =)
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  4. #4
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    Originally Posted by liftingdutchman View Post
    around 12k a month with a gic.
    gic?
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    Originally Posted by jackamo2887 View Post
    gic?
    he prolly one of dem silly canadiennes, guaranteed investment certificate,
    gics pay like 2-3% per annum in kanata
    similar to certificate of deposit (CDs) for americans
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  6. #6
    Banned jackamo2887's Avatar
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    Originally Posted by ZombieLifter View Post
    he prolly one of dem silly canadiennes, guaranteed investment certificate,
    gics pay like 2-3% per annum in kanata
    similar to certificate of deposit (CDs) for americans
    Oh yeah, so it pretty much is a CD.
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    $5,000,000 ... you would want to invest it in something secure, but liquid for interest. A savings account just wouldn't do it, look at investing in high quality sovereign bonds for the most secure investment. Prevailing 30 year rates in the US, Canada, Germany are in the mid-3s%, so at that rate you might hit $150K+ in interest alone. For significantly better returns you can look at AAA-AA+ rated corporate bonds, which are very very unlikely to fail, but provide a coupon in the 5-6% range. Remember with a bond your principle is guaranteed IF you hold to maturity and the company doesn't go bankrupt, but price fluctuations can occur over the time to maturity. also, if you are looking at corporate bonds, make sure you know all the features (callable, convertible, warrants etc.)
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