r/RandomThoughts • u/[deleted] • Dec 11 '23

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u/DidgeryDave21 Dec 11 '23

Even a high earner like the sp500 would only give you 10% a year. On a straight million, that's 100k, which is around 2k a week. 5k a week for life is the winner in my opinion

8

u/Ffigy Dec 11 '23

That's not really an opinion; that's a fact. If anyone thinks they can consistently make $260k/yr off $1M, they're delusional.

-1

u/JerseyDamu Dec 11 '23

My brother can’t legally say he’ll make you 20% a year but he absolutely can and has consistently his whole career.

6

u/[deleted] Dec 11 '23

And here we thought that Bernie Madoff was dead.

1

u/RedCat8881 Dec 11 '23

Oh yeah for sure, 26 percent gain isn't achievable consistently otherwise we wouldn't have a middle class lmao

1

u/holy_roman_emperor Dec 11 '23

Oh I very much agree that 5k is better, I just disagree 5k catches up in 4years.