I just inherited 6 million dollars

[T-Dawg]

A friend of mine is an ER nurse and he makes $150k working 4 - 12 hour shifts, with a full month vacay...

---

If it were me, I would keep working as a doctor, and be obscenely wealthy in twenty years. $6 mil isn't really a lot in the grand scheme of things. I mean, you can't buy a senator with that paltry sum.

My 2¢

sent from my TalkaTap using phone.

 

[blackpeople]

smoke weeeeeeeeed

 

[GraphiX]

dump her asap

 

[Ztir]

plz donate 2 magicalgames

 

[Osmethae]

You can always donate to my shop and I'll make you sweet armor.

 

[GraphiX]

you can paypal me $1,000 and i will send u a pic of somebody else's penis and claim it to be mine

oh and you can spend tons of money on crowns and turn into a fucking beast on Tribalwars 2 before BeLiaL rapes your base.

 

[SuicideSnowman]

Buy 34kL of Extreme Ice.

 

[Captain Tele]

but you could just do the dumb thing and throw it in a mutual fund that tracks the S&P and be good to go

 

[havax]

buy me a boat, bro

 

[CjBurden]

You'd have to make some wise investments right off the bat.

except, most people will never earn 6 million in their lifetime...... soooooo I'm pretty sure you could figure it out.

 

[CjBurden]

holy shit eggi is fukin dumb

yeah...ten% APR per year

SNP be at 5700 today if that were the case

instead it is record breaking 2k

putting it at a more realistic 2% (since 1999 peaks)

guess what inflation averages?

edit:

it returns 23% if you went all in at 700 @ 2009 and cashed out at 2000 @ 2014

but have fun being a day trader with 100% hindsight

can someone please explain how almost 200% of 700 is a 23% return?

 

[Ztir]

Just cuz u have a ton of money doesn't mean u have 2 be a super baller

I don't know buize but he seems like the kind of guy who only works cuz he has to. Being that he's brown - being a Dr prolly wasn't even his idea(or choice, knowing my other friends who are being forced 2 be doctors by their overbearing parents)

If a nigga wants to smoke the finest green and play video games and go on vacations once in a while u don't need 2 be pullin in 7 figures every year u no

 

[dibs]

can u mail me some drugs

 

[Ahmida]

You should start a pro gaming team.

 

[Rulide]

Probably worth talking to Tehvul about this. He gets royalty checks worth this much quite regularly.

 

[amRam]

can someone please explain how almost 200% of 700 is a 23% return?

Compound annual growth rate. $700 becomes $2000 after 5 years at 23%.


Need any other fundamentally basic concepts explained?

 

[Captain Tele]

can someone please explain how almost 200% of 700 is a 23% return?

interest bro (APR)

http://en.wikipedia.org/wiki/Annual_percentage_rate

Compound Interest Calculator

give it a try

 

[Eggi]

holy shit eggi is fukin dumb

r u fukin retarded

do u know what historically means
or what day trading means
or what anything means

even looking at 15 yrs like you chose to do, which starts at a bubble and includes two major recessions, the annual return was 5%

you are one daft motherfucker
http://en.wikipedia.org/wiki/S&P_500

 

[amRam]

CAGR of the Stock Market: Annualized Returns of the S&P 500

1999 to 2013 is 4%, adjusted for inflation.. not the kind of performance I'd be thrilled with had I invested 15 years ago. Then again, if you check from 2003 to 1013 it doubles to 8% so it's all in the timing.

 

[fartiusstinkius]

2003 to 1013 eh?

quite the time travelor