Lol.dude with that much you could buy a house down here and fix it up and sell it
And how much risk is involved with this?That is very hard to say.
@ 8% in 10 years - ~$10 - 11k
@ 8% in 20 years - ~ $22k
@ 8% in 30 years- ~ $50k
In reality, it will be slightly more as I am only considering growth of the stock, not dividends. However dividends are taxed, and depending on your tax situation...will impact your return.
Pimps & drug dealers do it all of the time.Okay, that aside...
Say tomorrow you started up a consulting services to offer companies advice on how to take out the garbage. You brought in maybe 1000 dollars a month to start, and you did not quit your day job.
At the end of the day, are there massive tax incentives or other bonus reasons to do such a thing?