Is $50M in net worth a lot?

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That’s practically the poverty line.

likefunnysmart

USD or Zimbabwean Dollars?

likefunnysmart

Let’s be realistic, West Africa CFA for sure.

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It’s not generational wealth but you’re pretty much free to touch yourself full time for a living. This is also assuming you’re not spending 51M a year

likefunnyhelpful

Haha M3, I’m poor 😂

But let’s say you have 4 kids, they each have 4 kids, that’s going to be 50M divided 16 ways. After the next generation, the wealth will be pretty much gone unless they all work good jobs and don’t draw from the principal.

I know people like to use 5-7% returns/year in perpetuity and to forecast, but most large portfolios actually get smaller returns with lower risk. Also, the stock market might not go up forever, which assumes infinite growth. Mature economies with decreasing population won’t have good returns (US will likely become this).

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Some of y’all on this app are so out of touch I swear lol

likefunnysmart

Mood

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likefunny

What the _ _ _ _ type of question is this

likefunny

Depends on age. If you haven’t made $50 million by 30, you’re a complete loser.

likefunny

I’m 24 with a spare $50M to invest, what are the best index funds you would suggest? Do you think I’m on track for retirement?

You’re a manager?

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Broke boi...

likefunny

How do people find new ways to flex

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I had $50M AUM at age 6, I’d suggest getting a career coach buddy

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Not exactly . At max you get 5 million dominos pizzas and that too with a coupon code . So don’t loose your sleep on that

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Pan. Changed the game for dominos in my opinion.

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At 3% per annum on a 50 mil investment you easily make 125k a month so why work ?

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If you had 50M today, how much would you hope to have in 10 and 20 years?

likesmart

25M then $5

I'd say it's worth somewhere between $49M and $51M

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Some of y’all really need to shut up

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Give me half plz :)

funny

Yes lol...

30?! Ha, if you werent born with $50 million you’re the loser!

People are just bluffing for the sake of it. I doubt a person with 50 mil doesn’t know what it’s worth and will work as a manager somewhere ... I mean even his monthly interest will be > what he can earn in a job.

Could be an inheritance...

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likehelpful

Here are some awesome apps for investment:-

1.Groww
All in one app- investment in Mutual funds,stocks,IPO,FD,Gold.
Link:-
https://app.groww.in/v3cO/61bcf14

2. Cred
For managing all credit cards at one place. Think as someone is paying you for your credit card bills.
Link:- https://app.cred.club/spQx/ce090339

3.INDMoney
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Link:-https://indmoney.onelink.me/RmHC/9cb8da54

4.WazirX
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Link:-https://wazirx.com/invite/j9kk5ted

5.12%club
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