>be me >dead rich aunt left behind a $1.2 million inheritance for me >put it in a vanguard index fund >get paid 3% in dividends directly to my bank account every year >literally making $36k doing ABSOLUTELY NOTHING on THREE FRICKIN PERCENT while I waste my life away on vidya, vintage wine and rare anime figurines
how is this even possible Jow Forums?
can you imagine how much a billionaire would be making on 3% dividends? $360k. That’s THREE HUNDRED AND SIXTY THOUSAND A YEAR doing absolutely NOTHING.
how the fuck is this even legal?
i feel like what I’m doing is morally wrong while millions of poor people and wageslave s struggle to get by on life or get screwed over by Mr Shekelberg...but then again, what I’m doing is perfectly legal
Does the fund grow in value to counter inflation or are you just eating away at it in terms of purchasing power?
Thomas Hughes
Welcome to how people get rich.
Xavier Russell
nice larp
Sebastian Taylor
To feel less guilty, you could always donate to a gofundme *wink*
Carter Hill
Yeah my fund grows in value each year. The dividends I get paid is literally free money on top of that
Parker Smith
An argument for why it's not morally wrong is because you are acting as a good custodian with the money. Rather than spending on wasteful consumer items all in one shot, you lend it out for productive enterprises, some of which will produce goods and services that increase general productivity and thus the total amount of economic power possible.
Saving money is a choice. That choice has risks. You could die in two years and miss the opportunity to have gone out in a blaze of hookers and cocaine.
Marxoid niggers inflate the value of physical labor because their brains are small and they can only understand what is obvious and visceral. Not acting can be better for the common good than acting. Being a good custodian of money flows is doing society a favor.
Redistributing the money to "le poor" is going to increase the amount of the money that is spent not only on crass consumer goods and waste, but also on reproducing yet more unwashed masses.
wrong because wealth should have always been inherited; those who do not have inherited wealth are handicapped. Imagine growing a fruit tree for 10 years only to chop it down just when it's bearing fruit. sounds fucking stupid right? That's how people see wealth - grow your own tree!
If you're not able to grow the inheritance significantly for your children then at least make sure to preserve its value adjusted with inflation
Parker Ramirez
What a steamy load of pseudo Austrian school economics, user. Good job. Already finished mankiw macroecon?
Congratulations. You just figured out how the world works.
Joseph Sullivan
this guy gets it
put it in $DIV and get 6% divs bro
Aiden Perez
>i feel like what I’m doing is morally wrong
Start a NEET scholarship or something.
Noah Carter
you deserve the guillotine.
Zachary Barnes
>he gets 1.2 million dollars for doing nothing >ABSOLUTELY NOTHING >how is this even legal
Kevin Foster
Dude... two things:
1)you can't even multiply. 12 million @ 3% yields 360k a year.... A billion at 3% means 30 million a year.
2) Put your money on something that yields more than 3%. At that rate you're barely keeping up with inflation - if at all.
Gavin Anderson
You shouldn't feel bad. This is basically what UBI is without the socialist narrative attached
Jayden Smith
ps: Actually by taking out 3% a year and living with it you're losing wealth.
If you were yielding 3%, and had another source of income to live off, then you'd be barely keeping up with inflation.
It might seem like nitpicking now, but check your account in 20 years when the dollar has half its current purchasing power.
David Nelson
Sorry your family sucks, user. Maybe you can break the cycle.
Bentley Robinson
>1)you can't even multiply. 12 million @ 3% yields 360k a year.... You can't even read. OP said 1.2 million, not 12 million.
Jacob Green
I don’t think you know what you’re talking about. You need to get someone really smart to help you out or you’re going to be fucked in a few years. You either get dividends OR do a DRIP program, which uses that dividend money to purchase more shares, growing your portfolio. You’re just counting on the stock market to keep going up
Owen Thomas
the fund also grows....
Jose Allen
This is bait
Brody Davis
in the crisis next year your fund will go to zero and you will be as poor like the rest of us
Camden Jackson
OP said "can you imagine how much a billionaire would be making on 3% dividends? 360k".
I said a billionaire would make much more on 3%.
read again.
Tyler Gomez
you seem well versed in how markets work
Nicholas Harris
Which index fund? Also consider most normies have absolutely no investments, consider dividends your reward for being disciplined.
>You’re just counting on the stock market to keep going up This is what most people do, and if you have a reasonably long time horizon, it works.
Jonathan White
>Marxoid niggers inflate the value of physical labor
while Hayekian Jow Forumstard degenerates generalize all labor as 'physical', because most of them didn't work a single day in their lives
>Redistributing the money to "le poor" is going to increase the amount of the money that is spent not only on crass consumer goods and waste
>but also on reproducing yet more unwashed masses.
and then in the same Hayekian retards screech about 'destruction of the white race', 'illegal immigration' and 'falling birth rates' in the West in the same breath. Start learning Spanish/Arabic, hayektard, you will need it soon.
Carson Watson
To add to this, when the stock market is declining, use this time to use the dividends to simply buy more shares. To smart people, a stock market crash is another way of saying everything is on sale.
