Investing 102

[GregWeld]

Originally Posted by SSLance

Sounds like they borrowed money to make "hard money" loans with...

It doesn't get much dumber than that...

Here's the part that gets to me Lance. And he's not the first dumb ass to lose it all...


If a guy has 100 million... and makes a 5% annual return.. That's making 5 Million annually pre tax. Everything SHOULD BE paid for. No debt what-so-ever. Why would you need debt if you have 100MM dollars?

So 5MM per year is all disposable income. How much more does someone need to make to support their lifestyle? You're retired - You're worth 100MM - you earn 5MM per year - you have zero debt...

Call me old fashioned... but I think that's a pretty good life and lifestyle.... and I personally wouldn't be inclined to gamble that lifestyle/life to make a little bit more. I think my Jet and my Yacht and my waterfront house... and all my Ferraris and race cars would be enough to keep me busy and worry free.