GREAT read. I actually ran a Monte Carlo on myself in Fidelity (your tool is far better it looks like). It told me I will die at 90 years old with $43M in the bank. I'm wealthy - but not that wealthy. I retired at 48 with a healthy portfolio of stocks and I trade and manage my portfolio. I absolutely LOVE your newsletter and I paid an effective rate last year of close to 28% based on 20% capital gains and the self employment tax that I have to pay based on my newsletter and podcast. I'm a big fan so keep up the great work.
What to do with BILLIONS $$$ ? Now that it appears that they are on the market, you could buy the Portland Trailblazer Basketball team. Probably around $4B plus change. Pall Allen Trust (Blazers owner) stipulates that the proceeds from the sale (of all his assets) are designated to go to philanthropic organizations. BTY, I am personally quite philanthropic.
You surmise that wealthy individuals cannot possibly spend $1B and it just keeps growing yet you propose they be forced to give it to the government who has no problem spending MUCH more than that and still managing to be in terminal debt! I'll leave it in the hands of the individual who give generously to charity and funds useful enterprises.
Chances are good that to write and distribute this newsletter, for example, you are using many products and the technology that was produced by the very billionaires you seem to want to punish somehow. (Microsoft, Google, Apple, Starlink, AI, etc.)
In matching productivity and useful changes for the world I'll take innovative, profit driven entrepreneurs over bloated vote hungry politicians every time.
This was a fascinating read AJ! Thanks for going down this rabbit hole for us.
GREAT read. I actually ran a Monte Carlo on myself in Fidelity (your tool is far better it looks like). It told me I will die at 90 years old with $43M in the bank. I'm wealthy - but not that wealthy. I retired at 48 with a healthy portfolio of stocks and I trade and manage my portfolio. I absolutely LOVE your newsletter and I paid an effective rate last year of close to 28% based on 20% capital gains and the self employment tax that I have to pay based on my newsletter and podcast. I'm a big fan so keep up the great work.
Gary
What to do with BILLIONS $$$ ? Now that it appears that they are on the market, you could buy the Portland Trailblazer Basketball team. Probably around $4B plus change. Pall Allen Trust (Blazers owner) stipulates that the proceeds from the sale (of all his assets) are designated to go to philanthropic organizations. BTY, I am personally quite philanthropic.
You surmise that wealthy individuals cannot possibly spend $1B and it just keeps growing yet you propose they be forced to give it to the government who has no problem spending MUCH more than that and still managing to be in terminal debt! I'll leave it in the hands of the individual who give generously to charity and funds useful enterprises.
Chances are good that to write and distribute this newsletter, for example, you are using many products and the technology that was produced by the very billionaires you seem to want to punish somehow. (Microsoft, Google, Apple, Starlink, AI, etc.)
In matching productivity and useful changes for the world I'll take innovative, profit driven entrepreneurs over bloated vote hungry politicians every time.