With that kind of coin your possibilities are endless. You can go for some real, serious UTR Hollywood talent. Maybe known names that we all secretly, or not so secretly, fantasize about. ... You can go international. Fly in some middle eastern beauties or maybe some Scandinavian beauties. You can buy your own yacht and go on a world wide fuckathon.
You can't win if you don't play, but the odds of winning when you buy a ticket vs not buying a ticket are not statistically different. You have a better chance of getting struck by lighting 3 times. But someone is going to win, right?
About 20 years ago, in my early years of being a broker, I had a coworker who built his practice on selling tax-free municipal bonds. He was a multi-million dollar producer who only had to come in on Mondays when our Bond Desk had new issuances,
His pitch: (keep in mind, interest rates were higher)
If you give me $5 mill (after taxes), I'll get you $250k TAX-FREE. Is it worth a listen?
You would make $250k a year (no taxes) AND you have your $5 mill virtually risk-free. Our state is AAA rated, so default chances were almost nil.
Nowadays, yields for those munis are ~4 1/8-4 1/4. So instead of 50k per year per 1 million, you'll realize ~41,500.00 TAX FREE
I await your call if one of you TER friends wins the next drawing.
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