@Erik Anderson: If you can earn 10% per year and you're a single-filer, about ~$20MM invested normally would get you $1MM after taxes per year.
There are private management firms that should [had damn well better] be able to beat the S&P 500's avg. return of 11%/yr for a fee-based compensation of 1% value of assets managed. (ie: if they manage $20MM, you'd pay them $200k/yr.
You'd need a lower rate if you had any invested in a Roth, as that's tax-free.
Also remember that historically, most bull-runs last 6-7 years and most bad market-crash-recessions last 4 years.
So the other legs of the chair you'd build out would be 4 years worth of Living Expenses (ie: 4x $100k if that's what you give yourself every year to live off) in an Emergency Account that's not invested and is hard for you to get to.
1 year of living expenses in a "slush-fund" money-market for periodic emergencies/oversights is also a good idea.
Wow, sad how many bad-sport liberal-whiners with no sense of humor insist on coming to what is at least in part, a humor site.
I for one thought this was hilarious.
For even more Hipster lulz, check out: The Hipster Olympics, http://www.youtube.com/watch?v=kAO4EVMlpwM
And for those of you whining about people trying to classify groups, Welcome to Earth, alien creatures; --you may now resume laughing at all the Guido jokes whenever 'The Jersey Shore' comes up in discussion, or the Redneck jokes when you have to fly from New York to LA, and the, etc. ...
I guess it's a study and all, so it's automatically accurate.
But: I have a very hard time believing much income mobility exists in the socialist nations at the big end of the chart.
In-fact, I've read accounts of it being EXACTLY the opposite of this chart in Denmark. Ie: You get to a certain point, and then that's it, you're sleepwalking, because everything else goes to taxes -like 70%. A nice place, a good life, free university + healthcare for all, but otherwise frozen with no opportunity for real movement in the gigantic middle/lower middle-class.
France is a little bit similar; huge middle-class, not too many super-rich.
Not to introduce demagoguery, but I almost get the vibe this chart was created by Socialists.
@nihil: It's worse than that. There are a few articles around on it by either Butch Vig or Steve Albini and (strangely enough) Courtney Love. (aha!) http://www.negativland.com/albini.html http://www.salon.com/technology/feature/2000/06/14/love
Artists still get charged "breakage", they don't own the publishing rights to their catalogues, the guy who made basically all the money from "Dream on", by Aerosmith is a lawyer, etc.
The only people not making money on album sales are the artists.
@Jeffos: Agreed. I have known quite a few rich brats, even those with all money and no class.
Believe me, rich brats become vacation bums or specific social "scene" bums. Many spend their time in endless public masturbation. Cite your favorite cynical "Big 80s" book here.
The very LAST thing they have on their minds is public service of any type.
What was that old Japanese saying? -When the only tool you have is a hammer, everything starts looking like a nail.
When you are an insecure Communist kleptocrat wealth-redistributing class-warfarist, everyone with more money and class than you looks like an old-line WASP plutocrat. [btw, I disagree with the mad goons on Faux News as much as the average Moderate]
I agree much more with the analysis that Batman is in-fact Teddy Roosevelt, more than anyone else.
. +I find Superman boring and trite, and in some parts of the original concept, kinda racist against non-Jewish people. Super-man, better than everyone else, supreme being, Christ replacement, brilliant-cut diamond-shaped emblem, historical presence of the Jewish people in the diamond business, Old Testament/Talmud saying, ~"The Jews are God's chosen people. All else are cattle.", Red Sun of Krypton, Identification with Marxism as reaction against Nazism, etc.
Clever idea. I hope the guy sells a ton and makes millions, just out of a shared sense of Fun!
There are private management firms that should [had damn well better] be able to beat the S&P 500's avg. return of 11%/yr for a fee-based compensation of 1% value of assets managed. (ie: if they manage $20MM, you'd pay them $200k/yr.
You'd need a lower rate if you had any invested in a Roth, as that's tax-free.
Also remember that historically, most bull-runs last 6-7 years and most bad market-crash-recessions last 4 years.
So the other legs of the chair you'd build out would be 4 years worth of Living Expenses (ie: 4x $100k if that's what you give yourself every year to live off) in an Emergency Account that's not invested and is hard for you to get to.
1 year of living expenses in a "slush-fund" money-market for periodic emergencies/oversights is also a good idea.
I for one thought this was hilarious.
For even more Hipster lulz, check out:
The Hipster Olympics, http://www.youtube.com/watch?v=kAO4EVMlpwM
And for those of you whining about people trying to classify groups, Welcome to Earth, alien creatures;
--you may now resume laughing at all the Guido jokes whenever 'The Jersey Shore' comes up in discussion, or the Redneck jokes when you have to fly from New York to LA, and the, etc. ...
Too bad so few people have a sense of humor.
Hell, it might even bring in more people to the places he's playing in; perhaps even good for business.
Unfortunately the rent-a-cop trogs are all so stupid.
Even the New York Times did an article about 2 years ago how $200k/yr is now the same perceived quality of life as $100k/yr used to be awhile ago.
I guess it's a study and all, so it's automatically accurate.
But: I have a very hard time believing much income mobility exists in the socialist nations at the big end of the chart.
In-fact, I've read accounts of it being EXACTLY the opposite of this chart in Denmark.
Ie: You get to a certain point, and then that's it, you're sleepwalking, because everything else goes to taxes -like 70%.
A nice place, a good life, free university + healthcare for all, but otherwise frozen with no opportunity for real movement in the gigantic middle/lower middle-class.
France is a little bit similar; huge middle-class, not too many super-rich.
Not to introduce demagoguery, but I almost get the vibe this chart was created by Socialists.
(aha!)
http://www.negativland.com/albini.html
http://www.salon.com/technology/feature/2000/06/14/love
Artists still get charged "breakage", they don't own the publishing rights to their catalogues, the guy who made basically all the money from "Dream on", by Aerosmith is a lawyer, etc.
The only people not making money on album sales are the artists.
I thought conducting this kind of biological experiment on humans had been outlawed by the Geneva Convention years ago.
I was waiting for the guys to go all Rambo, kick some lion ass, and triple their haul.
.
Still; I don't know how these guys can walk normally, much less run, with those huge balls of pure cast-iron.
If he's a biker, I get most of the gear; but why the average non-SEAL needs a tactical cargo vest, I don't get.
Maybe it's the nervousness of the task at hand for them, but I've met at least a few interviewers who were kinda uncool.
Plastic kills.
Funny. I expected a story involving political ostracism of gradeschool children to originate in the People's Republic of California.
-But it's actually in Commie Canada.
Well, not far off I guess.
At least the Mom has her head screwed on straight and called them on their crap and for using her developing children as tools.
I have known quite a few rich brats, even those with all money and no class.
Believe me, rich brats become vacation bums or specific social "scene" bums. Many spend their time in endless public masturbation. Cite your favorite cynical "Big 80s" book here.
The very LAST thing they have on their minds is public service of any type.
What was that old Japanese saying? -When the only tool you have is a hammer, everything starts looking like a nail.
When you are an insecure Communist kleptocrat wealth-redistributing class-warfarist, everyone with more money and class than you looks like an old-line WASP plutocrat.
[btw, I disagree with the mad goons on Faux News as much as the average Moderate]
I agree much more with the analysis that Batman is in-fact Teddy Roosevelt, more than anyone else.
.
+I find Superman boring and trite, and in some parts of the original concept, kinda racist against non-Jewish people.
Super-man, better than everyone else, supreme being, Christ replacement, brilliant-cut diamond-shaped emblem, historical presence of the Jewish people in the diamond business, Old Testament/Talmud saying, ~"The Jews are God's chosen people. All else are cattle.", Red Sun of Krypton, Identification with Marxism as reaction against Nazism, etc.