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Old 01-06-2010, 09:41 PM   #76
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Re: If you had 1M dollars to live off forever could it be done and how?

Henry,

I cannot picture how you don't understand that the mass majority of americans can live very happily on 30k a year without a job. I don't know whether you feel shunned socially for not going out to Flemings every meal, but most people don't. Also, 30k a year is far from a lifestyle of "frozen chicken and big cans of stuff," I feel like you either live in new york, or have not been in any grocery store for decades. Probably because you've mentally delegated that to the servants.
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Old 01-06-2010, 09:42 PM   #77
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Re: If you had 1M dollars to live off forever could it be done and how?

i wasn't arguement with you had nothing to do with whther it is possible to live off of 30k a year or not. i was discussing your statement that free activities were not really free since you would have costs for food and drink. ofcourse that would only be a cost realted to biking if you would not have that drink at home or at work. obviously you would need some cost of living. you suggest free activities raise this cost. i am not so sure. it is also possible to pack a lunch when you go biking. you may enjoy sitting in a cafe more, but that is a whole different matter. people have different tastes.
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Old 01-06-2010, 09:52 PM   #78
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Re: If you had 1M dollars to live off forever could it be done and how?

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Henry,

I cannot picture how you don't understand that the mass majority of americans can live very happily on 30k a year without a job. I don't know whether you feel shunned socially for not going out to Flemings every meal, but most people don't. Also, 30k a year is far from a lifestyle of "frozen chicken and big cans of stuff," I feel like you either live in new york, or have not been in any grocery store for decades. Probably because you've mentally delegated that to the servants.
I spend 1200 on housing in the US and 800 to eat at the grocery store a month. I now have 6k left each year. This example is pretty absurd.

After utilities and TV, I might have enough to have an alcoholic beverage 2x a month to numb the pain of this "life".
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Old 01-06-2010, 09:56 PM   #79
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Re: If you had 1M dollars to live off forever could it be done and how?

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Henry,

I cannot picture how you don't understand that the mass majority of americans can live very happily on 30k a year without a job. I don't know whether you feel shunned socially for not going out to Flemings every meal, but most people don't. Also, 30k a year is far from a lifestyle of "frozen chicken and big cans of stuff," I feel like you either live in new york, or have not been in any grocery store for decades. Probably because you've mentally delegated that to the servants.
See, the problem with this is the demographic of this forum. It's probably 80%+ single males under 30. Whenever these types of debates occur, someone always says "30k is PLENTY". That same person probably doesn't have kids, hasn't thought about their college, probably doesn't own a house etc.

A mortgage on a really really cheap house (especially if you live in CA) is 900-1200. That's basically 33%-45% of your 30k right there. Then you have property tax, home owner's insurance, utilities, car payments, internet bills, cable bills, food, etc etc etc.

The point being is that it's like when people argue about winrates in NVG. "LOL EETS SO EZY TO MKE 500K PLYING 2/4 6MX, JST PLY LKE 10K HNDS/DAY AND WIN FER LIKE 5PTBB"... Yes, conceivably it's in the realm of possibility you could live off 30k/year, but I think the vast majority of adults who have kids, a wife etc, would agree that it's pretty low. If you're talking pre-tax, it isn't even an opinion anymore, it's just flat wrong.

FFS, the city of San Jose, CA has the poverty line set at nearly 50k, just for reference.

EDIT: LOL, Thremp beats me to it. King Cobras all around!
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Old 01-06-2010, 09:58 PM   #80
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Re: If you had 1M dollars to live off forever could it be done and how?

I was with you till you started hating on King Cobra. I'll drink that **** by choice, keep your OE800. I ain't no wealthy man like these fagg0ts who need >30k a year to pay the billz.

But seriously King Cobra is the ****. If I had 2 40s, I'd get fked up now.
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Old 01-06-2010, 09:59 PM   #81
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Re: If you had 1M dollars to live off forever could it be done and how?

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by my calculations it is more than 30k a year. If it's spread among different yields from 1% to 10% a conservative lowball is atleast $39k per yr
You forgot about inflation. The first few percent have to go to that and then you have to deal with taxes.
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Old 01-06-2010, 10:06 PM   #82
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Re: If you had 1M dollars to live off forever could it be done and how?

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I was with you till you started hating on King Cobra. I'll drink that **** by choice, keep your OE800. I ain't no wealthy man like these fagg0ts who need >30k a year to pay the billz.

But seriously King Cobra is the ****. If I had 2 40s, I'd get fked up now.
I quit drinking recently, but I was quite fond of the Steele Reserve in college.
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Old 01-06-2010, 10:14 PM   #83
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Re: If you had 1M dollars to live off forever could it be done and how?

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You forgot about inflation. The first few percent have to go to that and then you have to deal with taxes.
i was just thinking of U.S. tax rates which are still pretty low for time being and having a good bit of it in high yield > 5%

Junk bonds are still around 10% yield and there is corporate debt over 5% and lots of other possibilities and combinations(oil trusts, dividend stocks etc). I don't invest for yield myself right now but in 5 sec i found this 8% yield in corporates.

http://us.ishares.com/product_info/f...erview/HYG.htm

and better A
http://us.ishares.com/product_info/f...erview/LQD.htm
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Old 01-06-2010, 10:27 PM   #84
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Re: If you had 1M dollars to live off forever could it be done and how?

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You forgot about inflation.
long term appreciation per year on bonds and stocks is what 3-5% historically, right
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Old 01-06-2010, 10:38 PM   #85
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Re: If you had 1M dollars to live off forever could it be done and how?

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long term appreciation per year on bonds and stocks is what 3-5% historically, right
Immaterial. Any swongs create an unacceptable ROR.
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Old 01-06-2010, 11:35 PM   #86
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Re: If you had 1M dollars to live off forever could it be done and how?

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please show me where u can make $30 - $40k after tax and inflation adjusted.
http://ca.finance.yahoo.com/q?s=LIQ-UN.TO

took me like 5 secs to find a 10% return...being as this one involves alchohol its prob a fairly stable investment.

Last edited by Eder; 01-07-2010 at 12:00 AM.
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Old 01-07-2010, 12:21 AM   #87
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Re: If you had 1M dollars to live off forever could it be done and how?

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http://ca.finance.yahoo.com/q?s=LIQ-UN.TO

took me like 5 secs to find a 10% return...being as this one involves alchohol its prob a fairly stable investment.
lol this is beyond retarded
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Old 01-07-2010, 12:26 AM   #88
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Re: If you had 1M dollars to live off forever could it be done and how?

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http://ca.finance.yahoo.com/q?s=LIQ-UN.TO

took me like 5 secs to find a 10% return...being as this one involves alchohol its prob a fairly stable investment.
Yes because nothing is happening to income trusts in the near future that could make this potentially unstable and possibly explain the high distribution.
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Old 01-07-2010, 12:30 AM   #89
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Re: If you had 1M dollars to live off forever could it be done and how?

Or the fact its up >60% in 9 months? Very stable. Only volatile on the upswong.
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Old 01-07-2010, 12:34 AM   #90
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Re: If you had 1M dollars to live off forever could it be done and how?

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Or the fact its up >60% in 9 months? Very stable. Only volatile on the upswong.
Odds are it likely lost that much in a month following October 31 2006
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