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Many rich people still earn a paycheck. YOu can be on payroll making 500k and have a stock portfolio worth 10mill, this is common for boomers who started invest
by Railsify 6y ago
Many rich people still earn a paycheck. YOu can be on payroll making 500k and have a stock portfolio worth 10mill, this is common for boomers who started investing in the 70s and 80s. A portfolio of that size will easily throw off 500k in dividends a year.
My point is that a large paycheck does not mean you are not paid wages. I get your point though, billionaires probably are not taking a salary.
- lotsofpulp 6y ago>You can be on payroll making 500k and have a stock portfolio worth 10mill, this is common for boomers who started investing in the 70s and 80s. A portfolio of that size will easily throw off 500k in dividends a year. What is your definition of "common"? Less than 1% of people have savings of $10M at retirement age, surely more than 1% of people started investing in the 70s and 80s. https://dqydj.com/retirement-savings-by-age/ https://dqydj.com/retirement-savings-by-age/
- ab_testing 6y ago> YOu can be on payroll making 500k and have a stock portfolio worth 10mill Or working on FAANGMULAT type of companies for the past many years.
- scottm01 6y ago>A portfolio of that size will easily throw off 500k in dividends a year. Where are you "easily" getting 5% dividends? Are those mythical W2 boomers suddenly into sketchy crypto "funds"? Vanguards "Dividend Growth" fund is yielding 1.71%. Total stock 1.33%
- tolbish 6y agoTheir money is also, ironically enough, invested in real estate.
- colinmhayes 6y agoATT 7% yield raised every year for the past 50 years.
- Railsify 6y agoThanks! I was imagining an actively managed portfolio. There are very few set it and forget it hole in one investments.
- MisterBastahrd 6y agoThis is not common for anyone, not even in SV.
- Railsify 6y agocommon among the rich people whose mansions are not selling well or have taken price cuts to get them sold.