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It's funny how the reporters call this "the crime of a lifetime" when billion-dollar crimes run rampant in Wall Street and crypto (Enron, Bitconnect, etc.). I
by anonytrary 9y ago
It's funny how the reporters call this "the crime of a lifetime" when billion-dollar crimes run rampant in Wall Street and crypto (Enron, Bitconnect, etc.).
I suppose a few million dollars is enough to guarantee a lifetime of middle-class living. Maybe that's what they meant.
- 5555624 9y agoOr maybe they mean a "physical" robbery. How often does someone physically walk away with over a million dollars? IN gold, jewels, currency, etc.?
- anonytrary 9y agoYeah I was overthinking it. They definitely meant the average period of this happening was about a lifetime, i.e. what you said.
- pc86 9y agoAt conservative withdrawal rates, $1.6 million is $64k a year without ever touching the principal. Definitely a solid middle-class life, and even more so in Ecuador. And that's assuming you want to die with $1.6 million in the bank. Pulling out $100k a year at the same return rates will still last you 25 years. But this all assumes you can invest it. If you've got $1.6 million in gold bricks and the police in the country all these investment figures are based off of know you have it, you're probably not going to be able to do that.