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I'd easily pay double. An exact amount would require a proper analysis I can't be bothered with right now, but I'm sure investors would line up to pay more than
by IkmoIkmo 11y ago
I'd easily pay double. An exact amount would require a proper analysis I can't be bothered with right now, but I'm sure investors would line up to pay more than double.
Look just to give you a quick sense... The payments started at $1k but they go up. The average payment over 35 years is actually closer to $17k per year, and if you quadruple that (and the $60k or so she got in return) you get to amounts that make sense to many of us.
You get to a salary of $70k per year, a salary that is totally 100% guaranteed for 35 years (until death, and she's 20 years old so run the actuarial tables), and requires 0 hours of work.
Imagine you have that, $70k per year, guaranteed, can't be fired, and you put in 0 hours of work. It's independent of whether the market does well or not. And someone offers you $250k for you to forgo that for the rest of your life (well 35 years).
It's a total joke. You'd want at least upwards of $1m - $2m for it to come close to financially interesting. She got pennies on the dollar.