GUYS!!! IF you can make $1 Million YOU ARE SET!
>get $1mill
>pop in average like dow, s&p
>get average of 8% return yearly
>average $80k year
>15% tax (less than income)
when you make $80k a year in gains its like making $100k a year in income
GUYS IF WE CAN ALL FIGURE OUT the FIRST MILLION WE ARE SEEEET!!
>>1933807
Just wait for that damn market to crash and go all in baby!
Warren Buffet ftw
>>1933807
>Small loan of a million dollars
>Put it on red
>50% chance of winning
Let's say you win
>Pay ~35% tax on winnings
>650K left
>draw 4% a year so it never runs out
>26K a year for life
>>1934533
Let's say you lose
>Misappropriation of funds
>Go to jail for a few months
>Pay 5K on Darkweb for a fake ID, SSN, etc..
>try again
Why aren't people doing this?
>>1933807
>Inflation is going to be zero forever.
>Guys, guys LISTEN UP
>Just get a million and gamble it all away on stocks
> I AM LE GENIUS xD
What happens if we have a 15 year bear market? How will you be able to pay your living expenses if your money is in stocks and the market keeps going down year after year?
>>1933807
2-3% Monthly Interest and I would be set man
Make sure you have enough social security and pension income to ride out any downturns. If there is a big bear market, capital gains returns will be non-existent and companies may even cut dividend payouts. Stocks alone cannot be relied upon to safely fund retirement.
>>1934596
you can always tell the idiots like OP from even bigger idiots as soon as they bring up muh inflation
>>1934905
>Stocks alone cannot be relied upon to safely fund retirement.
Yes they can, but not if you're trying to take out 8% like OP. Google "safe withdrawal rate" and go educate yourself.
You can live off a million easily.
>buy house for 200k.
>just pay basic utilities and food
you're set for life pretty much. Any wage cuck job will do now that your house is paid for.
>>1934817
Thats not going to happen with TRUMP MAGA for the next 8 years
>>1934533
>Paying tax on gambling
Fucking cucks wow.