If you had 1/5th of Bill Gates fortune, about $10 billion dollars, and you invested it at 4% interest. How much money could you spend everyday without touching a penny of your principal for eternity?
a) $1,000 a day
b) $10,000 a day
c) $100,000 a day
d) $1,000,000 a day
If you had a measly $10 billion dollars
If you had a measly $10 billion dollars
Formerly known as Panamah
Re: If you had a measly $10 billion dollars
D is correct.
Of course it'll slowly lose value unless it's invested at 4% over the interest rate.
Of course it'll slowly lose value unless it's invested at 4% over the interest rate.
Re: If you had a measly $10 billion dollars
A pointless question, since if you really had 1/5 of Bill Gates's fortune it wouldn't be in cash and you couldn't invest it in that manner anyway.
And for you Communists, no, he's not a bad guy just because he's rich. He has contributed more to society than about a million of the proletariat combined have.
And for you Communists, no, he's not a bad guy just because he's rich. He has contributed more to society than about a million of the proletariat combined have.
Re: If you had a measly $10 billion dollars
True, I suppose.
Normal MS stock does not pay dividends(the 4% 'interest'). You actually need to sell out to collect anything from it.
And I would not say a million. Probably over 100 million proletariat combined.
Normal MS stock does not pay dividends(the 4% 'interest'). You actually need to sell out to collect anything from it.
And I would not say a million. Probably over 100 million proletariat combined.
Re: If you had a measly $10 billion dollars
I'm sure he probably manages to make 4% above the rate of inflation. Heck, even I can do that most years.A pointless question, since if you really had 1/5 of Bill Gates's fortune it wouldn't be in cash and you couldn't invest it in that manner anyway.
Stocks, bonds, and most other investments turn into cash pretty quickly. Not that he'd need to do it daily.
Formerly known as Panamah
- stormhaven
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Re: If you had a measly $10 billion dollars
Who told you MSFT doesn't pay dividends? It's been paying dividends since about 2003.Fyyr wrote:True, I suppose.
Normal MS stock does not pay dividends(the 4% 'interest'). You actually need to sell out to collect anything from it.
And I would not say a million. Probably over 100 million proletariat combined.