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Posted: Sun Jun 25, 2006 9:56 pm
by Markarado
I'd strongly recommend seeking the advice of professional with that much money on the line.

Posted: Mon Jun 26, 2006 5:54 am
by leah
killed by an off-duty police officer driving a company vehicle home from the bar?

explain this statement, please!

Posted: Mon Jun 26, 2006 9:06 am
by The Kizzy
Its pretty self explanatory, Leah. Cop swerved over median, and hit them head on.

Markado, I told her to find a reputable bank, and talk to a professional, but many want her to invest in the stock market, and she is not comfortable with that. I think she is just about to make a huge decision, and she wants someone else's opinion. I told her not to gamble with the money, and put it in a relatively safe investment like CD's.

Problem is, you the FDIC only insures up to certain amounts, and I know nothing about off shore accounts.

Posted: Mon Jun 26, 2006 9:56 am
by Minrott
Yes, 25 million is quite different.

She could live off that indefinately with no other income at a 4-5% yield if she reinvested approximately half of the earnings each year. That's a 1,000,000 a year accrual. She could easily reinvest half of that and live on 500,000 a year.

Posted: Mon Jun 26, 2006 10:03 am
by The Kizzy
ok thanks Minrott

Posted: Mon Jun 26, 2006 3:48 pm
by leah
no, but was the cop driving the company car home from the bar or were they?

Posted: Mon Jun 26, 2006 5:46 pm
by Trielelvan
The cop was.

Posted: Mon Jun 26, 2006 8:15 pm
by Markarado
I'd suggest sticking a relatively large amount in a safe investment. Use smaller amounts in more risky investments. No part of this lump of money is small though lol.

Posted: Tue Jun 27, 2006 6:04 am
by leah
lol is that cop just straight fucked then or what?

Posted: Tue Jun 27, 2006 6:35 am
by Harrison
I'm still waiting for my hooker.

Posted: Tue Jun 27, 2006 4:25 pm
by The Kizzy
Sorry, no hooker yet, Im in the process of moving over to the new house.

$25mil is the amount her lawyer told her she would get after the lawsuit and everything else, we will see what happens.

Posted: Tue Jun 27, 2006 6:04 pm
by Dylan
I thought cops were good at driving? :dunno:

I once was going like 40 down a street in town and the cop was going the other way, he slammed it in reverse and caught up with me easily. :-x