Originally Posted by I'm The Dan
If you got three million dollars what would you do with it to prolong the value? I've heard some people tell me to throw a mil in an annuity. That would give me $6,000 a month for like 30 years. That would double the value of it, but it takes 30 years to get it. Plus, I am not sure if the annuity adjusts for inflation.
So, I ask what would be the best possible investment of money RIGHT NOW, that would bring in a steady monthly income.
Bonds, stocks, annuities, etc... many options.. There's a bunch of different types of bonds you can buy, and yes, one of those types of bonds is a bond that does adjust for inflation (i believe)... but generally they don't and that's what investing is all about, its a risk... the bigger the risk you take (the more you invest) the more you can make on it (or lose)