LogFAQs > #927697351

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, Database 5 ( 01.01.2019-12.31.2019 ), DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear

Topic List	Page List: 1
Topic	$20 million now or $3k a day for life
gloBal enemy 09/20/19 9:09:18 AM #36:	The Admiral posted... You guys know how investing works, right? Even at 5%, which is modest, that $20M is producing you $1M a year in interest. That's objectively the right answer. True, but in the current economic climate, a 5% rate of return is not as easy (from a risk perspective) as it once was. I recently found some bank deposit slips from about ten years ago where I put $50k of my savings into a term deposit at 8.88% for a year, and another $50k at 8.25% for a bit longer. Those were government guaranteed deposits too (so essentially risk-free). How times have changed in a decade. --- If you can understand this, I'm 2/cosC for you. <cite>gloBal enemy posted [p:927697351] in $20 millio... [t:78026603]...</cite> <quote>The Admiral posted... </cite> <quote>You guys know how investing works, right? Even at 5%, which is modest, that $20M is producing you $1M a year in interest. That's objectively the right answer.</quote> True, but in the current economic climate, a 5% rate of return is not as easy (from a risk perspective) as it once was. I recently found some bank deposit slips from about ten years ago where I put $50k of my savings into a term deposit at 8.88% for a year, and another $50k at 8.25% for a bit longer. Those were government guaranteed deposits too (so essentially risk-free). How times have changed in a decade. --- If you can understand this, I'm 2/cosC for you.</quote> ... Copied to Clipboard!
Topic List	Page List: 1