If I had a million dollars. . .
#17
Joined: Dec 2008
Posts: 3,054
Re: If I had a million dollars. . .
.......I wouldn't be able to buy much of a house in vancouver
#19
Binned by Muderators
Joined: Jul 2007
Location: White Rock BC
Posts: 11,682
Re: If I had a million dollars. . .
I'd be a millionaire.
#22
Joined: Aug 2005
Posts: 14,227
Re: If I had a million dollars. . .
Being a millionaire isn't what it used to be. I reckon $10m would buy my retirement, $1m just wouldn't be enough for my expensive tastes.
#24
Binned by Muderators
Joined: Jul 2007
Location: White Rock BC
Posts: 11,682
Re: If I had a million dollars. . .
At an average return of 3% and drawing $4,000 a month it should last 30 years. Given my age and the number of pies I have eaten it will probably be enough.
#26
Joined: Aug 2005
Posts: 14,227
Re: If I had a million dollars. . .
Besides, there is tax and inflation to take care of. That $4k might sound like it's enough to live on now, but in 20 or 30 years? If you could find a $4k/mo indexed link income from that $1m - then yeah, I could see that.
$10m on the other hand, I could splurge $5m on a house, a couple of hundred on a nice car or two and then use the rest to live lavishly without working. It's not fair that I don't have it.
#27
Re: If I had a million dollars. . .
I would head to Vegas and bet the full million on red 3 times in a row.
#28
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Joined: Jul 2007
Location: White Rock BC
Posts: 11,682
Re: If I had a million dollars. . .
http://www.ingdirect.ca/en/save-invest/gics/index.html
Besides, there is tax and inflation to take care of. That $4k might sound like it's enough to live on now, but in 20 or 30 years? If you could find a $4k/mo indexed link income from that $1m - then yeah, I could see that.
That said $10m would certainly be better.
#29
Forum Regular
Joined: Aug 2004
Posts: 211
Re: If I had a million dollars. . .
Dodge viper , with extra grunt !