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Reply to "What net worth is considered wealthy? Middle class? Poor?"
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[quote=Anonymous]You can't get 5% of passive income on $10 million? You're doing it wrong. Presumably you have a mix of stocks in REIT, energy, consumer staples, and medical earning you at least 5% (should be much higher if you let them compound over years). If you don't have any investments in REITs, perhaps you have some commercial real estate? I only have about $1 million, but my yield on cost from dividend paying stocks is more than 5% and thats mostly just boring old dividend champions/aristocrats acquired over 15 years and reinvested.[/quote]
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