My business is finally, slowly taking off and although I don't have the cash yet to fully fund my money tree- I want to start looking at the long term financial aspect of my life. In mj's book he talks about creating a money tree in government (or other) bonds that yields monthly payments at 5% return.
Can someone explain to me - is this still possible in today's markets? In my research the highest yields I've seen are near 1% in safe markets at 10 years? Is it about diversifying? I'm curious because I know riskier bonds can yield closer to 3-5% but you're giving up control to the market, isn't that a big no-no in the fastlane?
Thank you for any help
Can someone explain to me - is this still possible in today's markets? In my research the highest yields I've seen are near 1% in safe markets at 10 years? Is it about diversifying? I'm curious because I know riskier bonds can yield closer to 3-5% but you're giving up control to the market, isn't that a big no-no in the fastlane?
Thank you for any help
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