Quote:
Originally Posted by Unregistered
Looks like you are single. My wife and I sold our landed house for $2.5m. $900k was used to buy a one bedroom condo and the balance of $1.6m was invested at a 5% yield. We get $80k per year, enough for both of us. We spend $65k per year. I still own a small car to drive around to do marketing. We retired at 54, 52 respectively.
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i dont understand - "$1.6m was invested at a 5% yield".
My Questions
1) where did you invest?
2) is 5% guaranteed?
3) can there be negative returns?
4) is there a possibility that you will lose your $1.6m?
5) for how long is your investment? how many years?
]6) you get $80k as a lumpsum per year or $80/12 (on monthly basis) - what is the deal?