Thought experiment:
Let's say you had €1m in cash and you wanted to put it to work.
The goal is to generate enough passive income or investment yield to cover your cost of living.
Let's say your cost of living is €30k/year all-in and to keep things simple you will pay 50% tax on any yield.
So you need to hit €60k/year or a 6% yield on €1m.
How would you go about this in Ireland?
What % yield would you say is achievable in Ireland with relatively low risk?
Let's say you had €1m in cash and you wanted to put it to work.
The goal is to generate enough passive income or investment yield to cover your cost of living.
Let's say your cost of living is €30k/year all-in and to keep things simple you will pay 50% tax on any yield.
So you need to hit €60k/year or a 6% yield on €1m.
How would you go about this in Ireland?
What % yield would you say is achievable in Ireland with relatively low risk?