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He could choose a way of managing the money that was optimized for simplicity. For example putting it all in a one low risk low return income generating instrum
by billforsternz 16y ago
He could choose a way of managing the money that was optimized for simplicity. For example putting it all in a one low risk low return income generating instrument. It's hard for me to believe that the stress involved in picking up a decent cheque every month for the rest of his life wouldn't be outweighed by the benefits.
To me his actions are those of a "difficult" person. Very hard for a more relaxed (dare I say "normal") person to understand and rationalize. So I wouldn't bother. As others say, maybe that's part of what makes him different and special.
- Dirt_McGirt 16y agoWhere can I find a low risk investment that yields a decent monthly return on 1 million?
- billforsternz 16y agoBy decent I mean "worthwhile" or "significant". I specifically didn't say "enough to replace the income of a comfortably placed person in a first world country". 2% pa yields what, $1600 per month ? Don't you think that would be worthwhile to someone living in poverty in Russia ?