C.Cash wrote on Wed, 20 January 2010 12:38 |
Could you retire with $2M ? How would you do it? How could you stretch $2M for the next 35-40 years and live comfortable? Would you retire, semi retire or continue to work? |
el duderino wrote on Wed, 20 January 2010 20:10 |
if you could find a bank that would give you a 5% interest rate, you'd be earning 100k a year just in interest. |
rollmottle wrote on Wed, 20 January 2010 23:22 | ||
Good luck with that these days. I got an ING offer the other day trying to lure me with a WHOPPING 1.25%... |
el duderino wrote on Wed, 20 January 2010 21:10 |
if you could find a bank that would give you a 5% interest rate, you'd be earning 100k a year just in interest. |
ssltech wrote on Thu, 21 January 2010 18:22 |
To everyone who insists that no amount of money -however enormous- can make you happy, I beg the following: ...just give me a chance to prove myself wrong! |
KB_S1 wrote on Thu, 21 January 2010 19:20 | ||
Money can't buy you happiness. But poverty is even less likely too. |
C.Cash wrote on Thu, 21 January 2010 14:19 |
Just suppose you worked 30+ years at a job that payed well but you hated. No kids but have a wife. House payed for and owed no money and came upon $2M. What would you do? |
C.Cash wrote on Thu, 21 January 2010 20:19 |
Just suppose you worked 30+ years at a job that payed well but you hated. No kids but have a wife. House payed for and owed no money and came upon $2M. What would you do? |
Roadster wrote on Thu, 21 January 2010 11:20 |
There is no such thing as a money "manager". You would do as well getting a book from the library. |
PookyNMR wrote on Fri, 22 January 2010 10:54 | ||
?? I'm sorry, but that's pure foolishness. Do have any idea how much training and education a fully accredited portfolio manager has? This isn't something you can master by reading one little book from the library. The technical term for that suggestion is "gambling". |
compasspnt wrote on Sun, 24 January 2010 10:19 |
Goa looks pretty interesting. Why do you mention it...or rather, what do you know about the cost of living there? http://en.wikipedia.org/wiki/Goa |
PookyNMR wrote on Fri, 22 January 2010 11:54 | ||
?? I'm sorry, but that's pure foolishness. Do have any idea how much training and education a fully accredited portfolio manager has? This isn't something you can master by reading one little book from the library. The technical term for that suggestion is "gambling". |
eightyeightkeys wrote on Sun, 24 January 2010 16:41 | ||||
There was an interview on CBC radio last year with a money manager expert/researcher. This money manager did research on the returns of mutual funds versus GIC's over the past 50 years ! Which would you say was the better investment ? |
compasspnt wrote on Sun, 24 January 2010 15:19 |
Goa looks pretty interesting. Why do you mention it...or rather, what do you know about the cost of living there? http://en.wikipedia.org/wiki/Goa |
Tomas Danko wrote on Mon, 25 January 2010 14:19 | ||
I once had the idea that instead of trying to create some music while working as a sales clerc or similar meanwhile (and cope with the wet slush and darkness during winter here in Scandinavia), it might be better to work hard for a while and save up money, and then stay in Goa for a year or two and focus on writing. I've been advocating this for years to anyone who wanted to write a book, an album or paint etc. Ten years ago I know you could live a decent life there for around $4000 per year. Even if it's gotten more expensive nowadays it's still very cheap to get an apartment or small hut as well as buying groceries and eating in taverns etc. |
Jon Hodgson wrote on Mon, 25 January 2010 14:42 | ||||
Around that time, perhaps a couple of years earlier, someone I knew went there for a short holiday. He said he met a number of people who had flats in London that they rented out for about 100 pounds a week more than their mortgage payments... and they'd found they could live ok in Goa for as little as fifty pounds a week, if they were happy to live a simple life.. "enough food to eat, a bit of beer, a bit of blow, sit on the beach reading a book" was how it was described to me. |
Les Ismore wrote on Sat, 23 January 2010 17:20 |
Back in the 90s I came into a settlement on a car accident and everyone told me "mutual funds, we made 20% last year". If I had bought into them I would have lost 50% of the dough that year. |
Geoff Emerick de Fake wrote on Thu, 28 January 2010 11:43 |
Well I had two supposedly "qualified portfolio managers". None of them saw the burst of the internet bubble in 2000 |
Geoff Emerick de Fake wrote on Thu, 28 January 2010 11:43 |
Problem is, nobody REALLY saw it coming. The supposedly best analysts in the world have been all taken by surprise. |
PookyNMR wrote on Thu, 28 January 2010 21:21 | ||
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The problem is no one listened and wrote them off. There was too much money to be made trying to continue riding the bubble. With such bad policies and practices leading up to the event, I don't understand how more people didn't see it. |
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Opt-A loans are coming up in 2011. Be prepared for another rough ride. |
PookyNMR wrote on Thu, 28 January 2010 19:21 |
There's video documentation of plenty of folks predicting this last crisis years ago with uncanny accuracy. The problem is no one listened and wrote them off. There was too much money to be made trying to continue riding the bubble. With such bad policies and practices leading up to the event, I don't understand how more people didn't see it. |
JGauthier wrote on Sat, 30 January 2010 00:40 |
... My father for example got in on B of A stock at the crash 5 a share- its at 15.28 today. Over 300% profit... ... |
JGauthier wrote on Fri, 29 January 2010 13:10 |
If you have 2 mil right now and cant double it in the next 2 years investing, you dont deserve to have the 2 million. |
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My father for example got in on B of A stock at the crash 5 a share- its at 15.28 today. Over 300% profit... |
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And FYI- at this point if you worry about investing cause the economy may collapse again, if that really happens, you have wayyyyy more to worry about than just that... |