this post was submitted on 11 May 2025
44 points (95.8% liked)
Ask
595 readers
182 users here now
Rules
- Be nice
- Posts must be legitimate questions (no rage bait or sea lioning)
- No spam
- NSFW allowed if tagged
- No politics
- For support questions, please go to !newtolemmy@lemmy.ca
founded 2 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The average return on investment from stocks for the last 150 years is around 9 to 10% worldwide. That includes a few world wars and pandemics.
In the US, Canada and others, only half the money made in that way is taxed.
2 millions would net you 180-200k a year and you'd pay tax as if you made 90-100k.
And that income would continue on to your inheritors, not stop at the end of your life. There's a clear right answer here.
Inheritors? Who are they? I’m targeting $0 when I die (or a nice debt that’ll never get repayed)
That's why I didn't say "children". Find a worthwhile charity or school and leave them a perpetual endowment.