If you had a measly $10 billion dollars

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Zute
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If you had a measly $10 billion dollars

Post by Zute » Mon Dec 13, 2010 8:17 pm

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
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Fyyr
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Re: If you had a measly $10 billion dollars

Post by Fyyr » Tue Dec 14, 2010 12:14 am

I pick D

Palarran
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Re: If you had a measly $10 billion dollars

Post by Palarran » Tue Dec 14, 2010 4:56 am

D is correct.
Of course it'll slowly lose value unless it's invested at 4% over the interest rate.

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Tudamorf
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Re: If you had a measly $10 billion dollars

Post by Tudamorf » Tue Dec 14, 2010 5:25 pm

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.

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Re: If you had a measly $10 billion dollars

Post by Fyyr » Tue Dec 14, 2010 7:31 pm

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.

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Zute
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Re: If you had a measly $10 billion dollars

Post by Zute » Wed Dec 15, 2010 10:58 am

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.
I'm sure he probably manages to make 4% above the rate of inflation. Heck, even I can do that most years.

Stocks, bonds, and most other investments turn into cash pretty quickly. Not that he'd need to do it daily.
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stormhaven
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Re: If you had a measly $10 billion dollars

Post by stormhaven » Tue Dec 21, 2010 6:29 am

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.
Who told you MSFT doesn't pay dividends? It's been paying dividends since about 2003.

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