I met a guy traveling last week that said a little much over a few beers but really captivated me with his story.
His net worth is 15 million, fully liquid if he wanted, and he said he still worries about money sometimes because he grew up without much and still feels like he doesn't have much.
So I was curious...if someone was VERY conservative to limit almost any possible downside risk, what could they reasonably expect as an annual return? 2-3-4%?
Secondarily, just for fun, what would you do with your time if you were 40, worth $15 million, and didn't really care for your job. Just for fun, the guy said he's pretty cheap and lives off about 10-12k/month. Ha ha.
His net worth is 15 million, fully liquid if he wanted, and he said he still worries about money sometimes because he grew up without much and still feels like he doesn't have much.
So I was curious...if someone was VERY conservative to limit almost any possible downside risk, what could they reasonably expect as an annual return? 2-3-4%?
Secondarily, just for fun, what would you do with your time if you were 40, worth $15 million, and didn't really care for your job. Just for fun, the guy said he's pretty cheap and lives off about 10-12k/month. Ha ha.