'Kicked him to the curb': How Elon Musk forced Vivek Ramaswamy out of DOGE

[AjayGhatak]

Nobody retires with a networth of $2 mn in US. That's only enough to last you 2 to 3 years just to live normally...unless if you are living in Somalia, $2 mn nothing to write home about...

Tell me you do not understand time value of money without telling you do not understand.

LOL!

Time Value of Money: What It Is and How It Works

The time value of money (TVM) assumes the present value of money will grow through investment.

www.investopedia.com

Also find what is average retirement fund of a 65 year old in USA.

 

[Joe Shearer]

It's in fact Americans who are times have had to train the h1bs, they are that good

Your in-depth knowledge of IT services is showing up.

Be careful, you might be expelled for displaying a tendency towards intellectual endeavour. You might be accused of thinking.

 

[AjayGhatak]

It is just envy of a perceived rival in the worst possible language and outlook. Vulgar and cheap to the last level.

I have stopped being bothered by jabs and jibes of overseas Pakistanis.

I will not buy a car from them or let my kid go anywhere near them but thats the extent of it.

 

[Joe Shearer]

I have stopped being bothered by jabs and jibes of overseas Pakistanis.

I will not buy a car from them or let my kid go anywhere near them but thats the extent of it.

I might invoke two other members of this forum to testify that there are Pakistanis who are treated with the greatest respect and even affection by right-thinking Indians. Those four (two formerly active on the old PDF) are eminent personalities with none of the negative attributes that Pakistanis seem to possess in your outlook.

Then, you are not alone.

I can only thank Providence for having gifted me such an outstanding though small number of people from other backgrounds, who add value to my thinking and refresh and nurture my ideas.

 

[Hamartia Antidote]

Nobody retires with a networth of $2 mn in US. That's only enough to last you 2 to 3 years just to live normally...unless if you are living in Somalia, $2 mn nothing to write home about...

If you already own a house and put $2M in a 5% CD that's $100,000/yr for doing nothing.

So in the financial field (apparently his background) the usual point where people retire early from their jobs is when they hit $10M...and these guys expect to live pretty well doing nothing ($500,000/yr). To most it isn't worth the aggravation of going to work when you hit that amount...that's why they retire.

 

[UKBengali]

I you already own a house and put $2M in a 5% CD that's $100,000/yr for doing nothing.

Not just that but after getting a million dollars, even a semi-decent investor can turn that into 10 million within 5-10 years without taking huge risks.

 

[r3alist]

I have stopped being bothered by jabs and jibes of overseas Pakistanis.

I will not buy a car from them or let my kid go anywhere near them but thats the extent of it.

But you will come back here again and again...... because ?

 

[Joe Shearer]

But you will come back here again and again...... because ?

​

So I take it that the world would be a better, sweeter place - heck, the Internet would be a be a better, sweeter place - oh, let's get right down to it - PDF would be a better, sweeter place without all those pesky Indians?

Speak up, don't feel nervous.

 

[AjayGhatak]

But you will come back here again and again...... because ?

Its fun, thats why.

 

[j_hungary]

If you already own a house and put $2M in a 5% CD that's $100,000/yr for doing nothing.

So in the financial field the usual point where people retire early from their jobs is when they hit $10M...and these guys expect to live pretty well doing nothing ($500,000/yr). To most it isn't worth the aggravation of going to work when you hit that amount...that's why they retire.

The value of money is the money can make money itself.

Putting it on a term deposit is probably the smallest yield there are, if it was me, I would invest in properties, split it up with 2 mil, and you can buy 4 apartments/condos free and clear, then use that 4 condos and take out a mortgage for another 4. Now you own 8, and you can put it in rental and earn around $12000 a month (Average rent in the US per month is $1592.) Or you can use that income and take out another loan and get another 4.

In the finance field, this is called equity.

 

[AjayGhatak]

If you already own a house and put $2M in a 5% CD that's $100,000/yr for doing nothing.

So in the financial field (apparently his background) the usual point where people retire early from their jobs is when they hit $10M...and these guys expect to live pretty well doing nothing ($500,000/yr). To most it isn't worth the aggravation of going to work when you hit that amount...that's why they retire.

Time value of money is so hard to appriciate. I dunno why.

2 million dollars in 2011 =/= 2 million dollars now =/= 150K each year

Because... duh time value of money.

First lesson in any book of finance.

Having 2 million when you are 25 is a bigger blessing than having 5 at 65. Actually for a lot of reasons.

 

[r3alist]

Its fun, thats why.

Do your family know about your pdf kink?

How confused they might get

 

[Hamartia Antidote]

The value of money is the money can make money itself.

Putting it on a term deposit is probably the smallest yield there are, if it was me, I would invest in properties, split it up with 2 mil, and you can buy 4 apartments/condos free and clear, then use that 4 condos and take out a mortgage for another 4. Now you own 8, and you can put it in rental and earn around $12000 a month (Average rent in the US per month is $1592.) Or you can use that income and take out another loan and get another 4.

In the finance field, this is called equity.

I'm just saying if you want a no-risk retirement then that is the way to go.

Obviously you can start swinging for the fences...but you may as well do that while you are still working.

 

[Joe Shearer]

Do your family know about your pdf kink?

How confused they might get

....struggling to stifle the obvious retort!

 

[AjayGhatak]

Putting it on a term deposit is probably the smallest yield there are, if it was me, I would invest in properties, split it up with 2 mil, and you can buy 4 apartments/condos free and clear, then use that 4 condos and take out a mortgage for another 4. Now you own 8, and you can put it in rental and earn around $12000 a month (Average rent in the US per month is $1592.) Or you can use that income and take out another loan and get another 4.

Simplest? Put 70% in equity ETF and 29% in bonds ETF. Buy options with 1% to cover for sequence of returns risk. Hallelujah!