> This all started when you said you could live 10 lifetimes off 1 million
And he was absolutely correct. He could.
He gets by on $15K/year. $1M invested in one single ETF that is readily availabl...
>I could live 10 lifetimes off $1 million without earning a penny, even with Bidenflation
>without earning a penny
Part of the initial comment stated that there will be no additional income.
>$1M invested in one single ETF that is readily available to everyone gives you $33.2K/year in income
That's only assuming the stock market remains stable throughout 1 lifetime. Lets use two lifetimes at 75 years each as a baseline for looking at the US stock market. Over the last 150 years how many times have there been major economic troubles? Has there been market and currency stability in the US for such long stretches of time?
Now extend that to 10 lifetimes, as per the initial post, that's 750 years, you are talking about a stretch of time before the stock market was even a thing. Pretty sure a nation collapsing would wipe out your investment account.
>without earning a penny
Part of the initial comment stated that there will be no additional income.
>$1M invested in one single ETF that is readily available to everyone gives you $33.2K/year in income
That's only assuming the stock market remains stable throughout 1 lifetime. Lets use two lifetimes at 75 years each as a baseline for looking at the US stock market. Over the last 150 years how many times have there been major economic troubles? Has there been market and currency stability in the US for such long stretches of time?
Now extend that to 10 lifetimes, as per the initial post, that's 750 years, you are talking about a stretch of time before the stock market was even a thing. Pretty sure a nation collapsing would wipe out your investment account.
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