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Give your financial advisor $8M and tell him you're happy with a 4% annual return. If you can live on an annual pre-tax income of a mere $200K, the remaining $1
by mypalmike 7y ago
Give your financial advisor $8M and tell him you're happy with a 4% annual return. If you can live on an annual pre-tax income of a mere $200K, the remaining $120K gets compounded.
Zero effort, compound growth, risk bordering on zero.
*Edit : a typo