Quote:
Originally Posted by Unregistered
Typical perpetual drawdown rate is 4%. With 5mil asset, you should have a safe 200k to spend a year, or about 16k a month. You shouldn't have issue to generate 10k a month.
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Thanks for replying. I feel that the 4% rule applied to the past when getting a high interest rate of 5-6% from deposits and low risk instruments was relatively easy to achieve. You can get close now however I want to wait for a correction to buy some more blue chip securities.