Hello all,
Sorry if this has been asked before.
I hear often that if you park say, a million dollars in a index fund or S&P 500 etc, you can net a roughly 6% yearly return. So if my thinking is correct, so long as that $1M is parked in that fund, you can sit on your couch all day and collect approx $70kish per year doing nothing?
So I wanted to inquire, if you had one million dollars and wanted to live off that, where would you park it to recieve a decent percentage in passive income per year?