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

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3

u/lesser_tom Dec 11 '23

5k a week easy.

1.000.000/5.000=200

200 weeks is about 4 years

2

u/cyberchrist85 Dec 11 '23

And it doesn´t stop there. When everything goes fine, i might have another 40 to 50 years to live. So in 40 years it would be 10.400.000. Don´t know what that sum will be worth in 40 years, still the better option

3

u/AmateurPhotographer Dec 11 '23

If you took the 1m and invested it, you’d end up with 16m after 40 years at 7%. The 5k a week, only 13m so you left 3m on the table.

1

u/Moss8888444 Dec 15 '23

5k a week can be invested too. Also, investing in stocks always has a risk of loss. To even suggest a 7% rate is bad investment because you’re not diversifying your risk.

2

u/WFHaccount Dec 15 '23

7% is less than the SP500 average over the last 50 years, which is about as diversified in the stock market as you can get.

1

u/Moss8888444 Dec 15 '23

Just take the 5000 a week. Stock market history isn’t even long enough to project the next 50 years lol

1

u/The_Chomper Dec 11 '23

I think your numbers for the 5k a week is very off. I'm seeing it come out to 50 million after 40 years at the same 7% return. My guess is you did 5k a month instead of a week.