Reply to Why do people with millions of dollars still work?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]No one takes the time to study investing, so they have to slave away for decades.  Most people don't know there are stocks yielding 10%+ dividends with minimal risk.  If you can get a 7% overall withdrawal rate for the rest of your life, which is very doable, you check out at $2M - no one needs more than $140K income in retirement.

But since people are told to buy bonds and other nonsense, they can only safely withdraw 2.5% or 3% of their portfolio and so must slave away until they're 65.[/quote]

Except that the stock can stop paying dividends and the companies could go out of business. [/quote]
That's why you sell that company. If one out of 20 goes out of business, why do you care? Buy a dividend etf and they will do it for you.
[/quote]

Ok I think I’ll do this(not joking). We had been keeping about $300k in hy savings as we were thinking of buying a house. But with interest rates etc, we haven’t found anything, so I’d like to do more with my money.. does it bother you that you pay more taxes in the dividends or do you still get out way ahead?[/quote]

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