Yagirlcheatinonus
Icon Poster
Hold money to my ear on instgram
2 million bucks right now, or $4,000 every week for the rest of your life?
- Thread starter Houston911
- Start date
Not to leave out you don't have to work or do any financial gymnastics to earn the weekly 4K which automatically gives you financial freedom anywhere on earth. There are a lot of small business owners worth 5 mill upward that I wouldn't trade places with. Because they have to work daily dealing with workers, clients, litigation cases, government regulations, paper works and other headaches I don't want to associate with.
Perfectson
Banned
nothing you posted shows a savings account earning 1% monthly , which is ~12% annually (excluding compounding). Instead of admitting you're wrong you keep replying and showing your stupidity.
2nd, you asked for a "rate of return" - which implies you invested something. There is no "rate of return" for taking 2m vs 4000 per week, since you did not invest anything to calculate a rate of return.
I'm not asking you to be formally educated but you're just using terminology completely wrong and don't know the difference between earning 1% monthly and earning 1% APY. Have no problem teaching you so you don't go out in the real world and say something stupid and look like an idiot but don't keep hounding me throughout this thread when you are wrong. Take your loss, lick your wounds, and move on.
Perfectson
Banned
4000 a week is an average salary now? my bad, i thought the average salary was between 40-50k , not 200k. And that's 200k for the next 25 years at least then when you retire you continue making 200k
Yep that IS the Coli for ya.
Perfectson
Banned
Whos parking 2 mil in one account tho
everyone in this thread has suggested such.
No one is talking about diverification and those that are, never had $2m to diversify because it's not as easy as , buy some property, put some in an account, put some in a business, put some in equity.
All this depends on timing the market, researching, work, etc etc.
I'd like to any of you open up an account on an online broker (paper account not real) fund it with $2m and start buying stocks.
The first thing that will happen is that $2m will drop to $1.8m after you pay the commissions from buying all these stocks and when some of these stocks go backwards 1-2% , you 'll be sitting at $1.6m , many of you will panic and sell the losers and probably lose another 100k in commissions. So you're sitting at $1.5m
oh you gonna buy property? depending on taxes, insurance, closing costs, you'd lose probably $100k first year (depending on the property) and obviously continuoulsy having to pay these year after year. $2m homes don't appreciate like a $100-300k home would in most cases. All that to say, there's strategy in play no matter what you do and when you don' thave a sound strategy you will end up losing money and starting off in a hole.
2 million upfront will cause me to stress out how to allocate my portfolio (not a fan of investing in physical assets too much time and work spend on supervising and maintenance) and make tough decision whether to quit or continue working? Meanwhile 4K is more than enough to stop worrying about present and future expenses/debts. My immediate concerns will be what countries to tour first, staying in hotels, airbnb or crashing with family friends? I think I will definitely go with the later.
That was what I was telling one clown before he wanted to invest in stock while ignoring losses and taxes. Most of these people only thinks about offense (gains, revenue, etc) taking full risk but ignores defensive factors avoiding loses, extensive expenses and being cost efficient paying less to no tax as possible.
dude diversification has been stated several times.
but other than that you're spot on, folks will panic sell like crazy or buy all at once
there are losses and taxes with that 4k, monthly expenses etc.. but yet you act like folks will be financially responsible with 4k all of a sudden
just shutup dude im not giving out a full investing plan here, no need for that, and no need to jump through hoops just to tell imbeciles simple shyt like "dont put all your eggs in one basket" im just giving folks simple examples
all you do is point out elementary shyt to try to look knowledgable but you never invested shyt, you never done shyt thats been verified by coli members.
bench players got the most to say
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Goat poster
KANG LIFE
People are really calling making 4k a week untaxed for LIFE an AVERAGE salary?!?!
Nikkas hear the word "Million" and lose they MIND
All millions ain't the same brehs.
Nikkas hear the word "Million" and lose they MIND
All millions ain't the same brehs.
charknicks
All Star
I think that people are leaving out some important facts in their comparison
For the people who keep saying take the $2M and 'invest it', in theory, you are right, you COULD have more money going that route in 25 years, but 1. not guaranteed, like the $4k/week is, and 2. (the most important), you are assuming that you are not SPENDING A DIME of this money for this whole 25 years. You are just looking at this money and not enjoying it at all, while you keep your same current salary/ bills/ etc.
So for the comparison sake, you save some and spend some, once you spend around $500k or more of the money, over 25 years, even investing (and not touching the rest), you would have less money then taking the $4k/ week for 25 years.
For this question, the correct answer is the $4k/week.
If we were talking Mega Millions type money ($150 million, $200 million, etc.), then the lump sum would be the wave.
For the people who keep saying take the $2M and 'invest it', in theory, you are right, you COULD have more money going that route in 25 years, but 1. not guaranteed, like the $4k/week is, and 2. (the most important), you are assuming that you are not SPENDING A DIME of this money for this whole 25 years. You are just looking at this money and not enjoying it at all, while you keep your same current salary/ bills/ etc.
So for the comparison sake, you save some and spend some, once you spend around $500k or more of the money, over 25 years, even investing (and not touching the rest), you would have less money then taking the $4k/ week for 25 years.
For this question, the correct answer is the $4k/week.
If we were talking Mega Millions type money ($150 million, $200 million, etc.), then the lump sum would be the wave.
you're gonna be spending that 4k as well tho
State how you will invest your 2 mil upfront?dude diversification has been stated several times.
but other than that you're spot on, folks will panic sell like crazy or buy all at once
there are losses and taxes with that 4k, monthly expenses etc.. but yet you act like folks will be financially responsible with 4k all of a sudden
just shutup dude im not giving out a full investing plan here, no need for that, and no need to jump through hoops just to tell imbeciles simple shyt like "dont put all your eggs in one basket" im just giving folks simple examples
all you do is point out elementary shyt to try to look knowledgable but you never invested shyt, you never done shyt thats been verified by coli members.
bench players got the most to say
I will keep mine simple and easy by investing in VTI each month with 10K and use 6K (72K yearly) to leave a moderate life without having to worry about finances. I can choose not to reinvest the dividends to pile up and take it out when needed. 6 K a month is more than enough for a frugal person to enjoy life. Just because I have money doesn't mean I am paying full price for services or spending impulsively on materialistic like rappers/athletes. I am still getting bargain deals, discounts and favors from family, friends and acquaintances like the Jews. Having the freedom mobility to roam above traveling, associating and doing things I like will be more dear to me than money at this point.
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Shid no more than 20% will be invested up front, another 65% is sitting and waiting for that next big economic decline that I KNOW is right around the corner with Trump and office
buy low sell high
charknicks
All Star
you're gonna be spending that 4k as well tho
Very true. Didnt say I wasnt. Whats your point?
My point is $4k/week gets your $5.2 million NO MATTER WHAT over 25 years.
The other side is people are arguing that you CAN have MORE then $5.2 million over 25 years by investing the WHOLE $2 million, which means they arent spending ANY of that. Im enjoying my money in this scenario.
Are you here just to argue or to listen to facts?