True, but I guess this opens up the door for where would such an option exist? Aside from a lucrative pension, who gets a guaranteed $5000 a month? I’m willing to bet there’s more people in reality who would get some sort of large sum inheritance.

This was the most morbidly entertaining thing i’ve laughed at in years and i’m going to hell for doing it.

How things have changes since then. Most devout Christians these days have watched and laughed at this.

That’s a good point and something that needs to be factored in as well. I know at a retirement time some may opt to lock it into a GIC (or I guess they call them term deposits in the US) or lean more to a bond heavy portfolio. I think this is where learning to enjoy retirement while spending less comes into to play,…

I think if people are getting their investment advice from Lifehacker, 6% is probably an excellent return for them, and they should just stick to index and bonds, with low fees. Like Vanguard as you mentioned.

I agree that this can work but only for very few select people. Especially when even professionals often panic and invest based on their emotions. And you really need to understand if a company is undervalued or not. But if people are reading Twocents here, stock advice is probably the last thing they’re looking for.…

You’re correct. The world hasn’t blown up for the past few thousand years but that doesn’t guarantee it won’t tomorrow.

In theory yes. But who buys $1 million in only 1 stock and never trades (i mean, there are crazy people out there sure)? VZ isn’t a widely diverse company like BerkHath. And commissioned buy on index funds would only be if you went ETF. I’m willing to bet most people would prefer a FnF fund based on percentage and…

I’m also talking about much lower MER fees and no trading expenses.

Why would you choose 1 single stock that under performs the market, when you can invest in proper index funds and enjoy a much less volatile 7%? You also get to keep the 1 million capital, and no one says you have to spend the whole $5000 each month, so let the compound interest make it even better.

Taking the entire 1 million and investing in a proper index fund would net 7% annually on average (around $6000 a month in interest alone, and never touching the capital).

Welcome to the 21st century. Where 30 years ago we wanted today, and now that were at today, we want 30 years ago.

Everything not appropriate was appropriate in the 80s.

First World Problems my friend.

Apparently you’ve haven’t driven many cars from the 80s, who’s entire dash would short out often.

Yet one of the most popular cars ever sold had a center dash:

Some of the most popular Toyota cars do. Prius and Yaris.

You do earn/use it in game.

The title of this article should have been: Random blogger apparently is smarter than Ironman.

And when Musk sold Paypal, he could have retired right there, bought an island and sipped pina coladas all day. Same situation that you might find yourself in. Some people are consumers. Some people are producers.