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The “or” thread


Larz
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10 hours ago, Lil Bit Special said:

Hot Fudge

 

$1000 a week for life or $2 million at once

Any one who answers $1,000 a week has no financial acumen.  One of the WORST investments in the world is an annuity and a basic no frills annuity will pay you 4 percent for life so.. $2 mil upfront, put it in an annuity and you will get $80K for life  WITH a residual balance almost guaranteed BUT the 80K is guaranteed.  An astute investor would get close to 100K a year from the 2 million and most likely leave his.her children more than $2 million. 

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6 hours ago, southparkcpa said:

Any one who answers $1,000 a week has no financial acumen.  One of the WORST investments in the world is an annuity and a basic no frills annuity will pay you 4 percent for life so.. $2 mil upfront, put it in an annuity and you will get $80K for life  WITH a residual balance almost guaranteed BUT the 80K is guaranteed.  An astute investor would get close to 100K a year from the 2 million and most likely leave his.her children more than $2 million. 

Very smart advice.  Personally I would take the 1k a week because I can’t be trusted with money, I would blow it in a year 😂

 

Hendrix or Floyd?

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