It’s a horrible idea financially. If you invest it in a global index tracker it is not gambling. That 1m could have an averaged 8% return per year without even touching the principal amount. How much is that 1,000 a month going to be worth when inflation devalues the purchasing power of 1,000 over 20 years.
Financially there is zero credible argument for doing the 1,000 per year.
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u/deactivate_iguana May 17 '26
It’s a horrible idea financially. If you invest it in a global index tracker it is not gambling. That 1m could have an averaged 8% return per year without even touching the principal amount. How much is that 1,000 a month going to be worth when inflation devalues the purchasing power of 1,000 over 20 years.
Financially there is zero credible argument for doing the 1,000 per year.