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Posted on 2/13/20 at 1:13 am to TechDawg2007
$50 million up front. If you were to put $10 million in my bank account, I could make that last the rest of my life.
Posted on 2/13/20 at 3:47 am to TechDawg2007
50. No guarantee I live 25 more years.
Plus, I will invest most and have 100 million sooner than 50 years.
Plus, I will invest most and have 100 million sooner than 50 years.
This post was edited on 2/13/20 at 3:50 am
Posted on 2/13/20 at 4:15 am to TechDawg2007
Terrifying anyone on here said 2 million.
Posted on 2/13/20 at 6:23 am to TechDawg2007
Take the $50 mil....live of the interest and never touch the principal..
Posted on 2/13/20 at 7:19 am to TechDawg2007
You’d have to get at least $5M per year (probably closer to $10M per year) to even consider taking the yearly payment.
Posted on 2/13/20 at 7:33 am to UpToPar
quote:
You’d have to get at least $5M per year (probably closer to $10M per year) to even consider taking the yearly payment.
$5MM would make it worthwhile for many on this board.
A) $5MM payments, 6% discount rate (very reasonable after taxes), 30 annual payments would have a NPV north of $72MM
B) You could buy a $50MM face value 30 yr term policy for $35k-$60k/yr in premiums for someone in their 20s.
Posted on 2/13/20 at 4:14 pm to TechDawg2007
Kind of surprised all these OT ballers dont understand TVM
Posted on 2/13/20 at 6:58 pm to Rosyfinchboy21
What I would do:
Take the $50MM
Risk: I accidentally try to live like I make $50MM/yr in year 1, and go broke trying to keep up with my new yacht friends as a result of the severe reduction in cash flow year 2.
Risk management: I set up a (fairly) low risk mutual fund account with a $2MM/year withdrawal until it goes dry (hopefully never). This magical account adjusts every 10 years for inflation. I set up 7 different passwords, 25 characters each, that must be all entered correctly in order to change this setup. I do this by taking $1MM, going to Vegas, and having hookers and blow parties every day for a week, and each night at 5AM I enter a new password into the system without writing it down.
Take the $50MM
Risk: I accidentally try to live like I make $50MM/yr in year 1, and go broke trying to keep up with my new yacht friends as a result of the severe reduction in cash flow year 2.
Risk management: I set up a (fairly) low risk mutual fund account with a $2MM/year withdrawal until it goes dry (hopefully never). This magical account adjusts every 10 years for inflation. I set up 7 different passwords, 25 characters each, that must be all entered correctly in order to change this setup. I do this by taking $1MM, going to Vegas, and having hookers and blow parties every day for a week, and each night at 5AM I enter a new password into the system without writing it down.
Posted on 2/13/20 at 7:01 pm to TechDawg2007
Compound interest, 50 mil now. Duh. Plus invest it
Posted on 2/13/20 at 7:03 pm to TechDawg2007
I would take the 2 million a year because someone else is more deserving of the 50MM.
Posted on 2/13/20 at 7:15 pm to TechDawg2007
Though I'd be more than happy with either,,I'd take the fifty million and live more than comfortably off the interest..
My family can piss the rest off when I'm gone.
My family can piss the rest off when I'm gone.
Posted on 2/13/20 at 7:21 pm to TechDawg2007
50 million and I'd invest 30% in rock solid investments, 50% in normal investments, 10% in higher risk ones, and 10% is spending cash.
Posted on 2/13/20 at 9:10 pm to TechDawg2007
50 million easy put in stock market and never think about money again 2 million is only 4% shite you make that in a January of this year on Microsoft or Visa
Posted on 2/13/20 at 9:15 pm to DVinBR
quote:
50 million up front because if you can make a 5% return per year from mutual funds and bonds, you can make $2.5mil a year from that
It’s sad it took this long for somebody to figure that out.
Posted on 2/13/20 at 9:17 pm to TechDawg2007
I’ll take $50 million. Buy a portfolio of preferred stock at 6% a year and make $3 million a year in interest.
Posted on 2/13/20 at 9:18 pm to TechDawg2007
Since I have 10 years max left I opt for the $fiddy mil
Posted on 2/13/20 at 10:00 pm to TechDawg2007
Wait... so I take 50, invest it at at 4% and get 50 + 2m per year forever... what am I missing
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