Quote:
Originally posted by Greedy,Greedy,Greedy
My number ranges from about $3 to 12M, depending on the day.
|
$3 million in Treasuries (at 3% paid semi-annually) would give you $90K per year (subject to fed income tax). I could live on that (particularly if I move to Podunk), but I couldn't play around with it, particularly given that I'd need to roll part of that back into principal against inflation. I'd like enough extra to be able to screw around and play investor, start a home business selling my crappy paintings, found an etiquette school, whatever. $5 mil would generate enough extra to play around a little bit; $10 mil would be A-OK. As they say: it's fuck you money, but not fuck everyone money.
For your entertainment:
Compound Interest Calculator
