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On the other hand ...That's enough money to defeat anyone web security system...I'd probably track down some of the more mouthy posters from here and send a couple of plug uglys named Sal and Vito over to their house.....
I recently checked my IRA - for the last N years, N approaching 10, my IRA has returned a simple interest rate of about 9%/year. That's an interest rate that wasn't really worked for, it was a simple unwatched investment.
Assuming some lousy investment firm can do no better than an unwatched IRA investment (... this actually is a REALISTIC assumption!) this suggests one billion bucks post-tax cash can earn $90+ million/year. Let's assume that's $52 million/year after taxes.
So the struggle here then is to find a way to spend at least a million bucks per week consistently.
Because if you DON'T, then NEXT time you'll have to spend MORE.
I recently checked my IRA - for the last N years, N approaching 10, my IRA has returned a simple interest rate of about 9%/year. That's an interest rate that wasn't really worked for, it was a simple unwatched investment.
Assuming some lousy investment firm can do no better than an unwatched IRA investment (... this actually is a REALISTIC assumption!) this suggests one billion bucks post-tax cash can earn $90+ million/year. Let's assume that's $52 million/year after taxes.
So the struggle here then is to find a way to spend at least a million bucks per week consistently.
Because if you DON'T, then NEXT time you'll have to spend MORE.
Tough life.
[and you haven't touched the principal...]
LOL !
You've fallen for the scam of usury - interest.
Usury is mathematically unsustainable in a finite money token system.
In 1836 John Whipple, an American lawyer, showed the impossibility of sustaining long term metallic usury in this fashion:
" If 5 English pennies... had been invested ... at 5 per cent compound interest from the beginning of the Christian era until the present time, it would amount in gold of standard fineness to 32,366,648,157 spheres of gold each eight thousand miles in diameter, or as large as the earth."
To pay usury over the long term, would require THIRTY TWO BILLION EARTH SIZED SPHERES OF GOLD. (Is that impossible enough for you?)
....
To further illustrate unsustainability of usury:
Future Worth (FV), based on Present Value (PV)
FV = PV x (1+ interest)^time
Let N = total sum of money tokens
Let PV = 0.1N = 10% of N, the amount invested at 6% per annum, compounded daily
How long does it take for the investment to match whole sum of money tokens?
(N/0.1N) = (1 + .06/365)^ time units
Solving for time units
time units = log (N/0.1N) / log (1 + .06/365)
time units = log (1/0.1)/ log (1 + .06/365)
14008.54 days
38.37 years
After this point, the outstanding obligation will exceed the whole set of money tokens, making repayment IMPOSSIBLE.
In other words, if all the people invested 10% of their money, they’d go bust in 38.37 years, owing (or being owed) all the money that exists. Any further investment past that period cannot be repaid. That is the scam of usury.
In the short term, a portion of debtors will default simply because enough money never existed for them to repay. They will lose their pledged collateral, blaming themselves or their bad luck not realizing that usury was the reason.
That is also why “privatizing” Socialist InSecurity would not be viable. Any widespread “investment” at usury could not be sustained, since the money token supply is finite.
Well...there's "long term" and there's "long term" - my real-world example used 10 years, staying within the same order of magnitude would be a ...you know... lifetime.
LOL !
You've fallen for the scam of usury - interest.
Usury is mathematically unsustainable in a finite money token system.
In 1836 John Whipple, an American lawyer, showed the impossibility of sustaining long term metallic usury in this fashion:
" If 5 English pennies... had been invested ... at 5 per cent compound interest from the beginning of the Christian era until the present time, it would amount in gold of standard fineness to 32,366,648,157 spheres of gold each eight thousand miles in diameter, or as large as the earth."
To pay usury over the long term, would require THIRTY TWO BILLION EARTH SIZED SPHERES OF GOLD. (Is that impossible enough for you?)
....
To further illustrate unsustainability of usury:
Future Worth (FV), based on Present Value (PV)
FV = PV x (1+ interest)^time
Let N = total sum of money tokens
Let PV = 0.1N = 10% of N, the amount invested at 6% per annum, compounded daily
How long does it take for the investment to match whole sum of money tokens?
(N/0.1N) = (1 + .06/365)^ time units
Solving for time units
time units = log (N/0.1N) / log (1 + .06/365)
time units = log (1/0.1)/ log (1 + .06/365)
14008.54 days
38.37 years
After this point, the outstanding obligation will exceed the whole set of money tokens, making repayment IMPOSSIBLE.
In other words, if all the people invested 10% of their money, they’d go bust in 38.37 years, owing (or being owed) all the money that exists. Any further investment past that period cannot be repaid. That is the scam of usury.
In the short term, a portion of debtors will default simply because enough money never existed for them to repay. They will lose their pledged collateral, blaming themselves or their bad luck not realizing that usury was the reason.
That is also why “privatizing” Socialist InSecurity would not be viable. Any widespread “investment” at usury could not be sustained, since the money token supply is finite.
Thats way too much money to even think about. I guess I'd give a load to my family, various charities, invest in some small businesses, send wads of cash to random addresses, buy a nice house, travel a whole lot and lose a lot playing poker.
At a very modest 5% you'd be earning 90million a year in interest.
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