I'm sure they're crying themselves to sleep on their pile of money.
13esq
People were saying that when bitcoin were pennies to buy.
Who's the idiots now?
I imagine it'd be the same as printing of a copy of the Mona Lisa and putting it up on your wall for your own viewing pleasure. Completely legal.
Where as printing it off and then charging other people to see it would be illegal.
I couldn't make heads or tails of your link, maybe it doesn't work in my browser. Maybe you could fill it out with the info and take a screenshot?
I'm aware of how compound interest works, I used the link below to insert an investment of £17k over 55 years at 10.5%apr and still only got £4M, which I admit is nice but it's far off of £28M.
https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php
This still requires that you have the £17k upfront which isn't required as I'm talking about buying a mortgage where you'd only need the deposit.
It's worth noting that the average wage in 1970 was £1,204, so it's not like the average man had 17k to invest anyway, it's the equivalent of having over half a million in investable cash today. (This also leads me to believe that my dad bought quite a while after 1970, because there's no way he would have been able to afford a mortgage that size back then).
Edit: I just asked my dad. He bought in 1981, the house was £18,300 and the deposit on that was £1,300. The average wage that year was £7,296.
Do you have a source for that £17k becoming over £28M? I'm not being facetious, but it does sound too good to be true.
I currently have a pension pot worth about £70k and it's only forecast to be worth about £500k in thirty years time (when I would retire), and that is including my ongoing contributions. If there's another way to invest that to make myself a multimillionaire in retirement, it'd be a no brainer.
I used the below link and assumed an investment of 17k in 1970 (that's assuming you have the cash to buy out right, rather than just the deposit required to start paying a mortgage) and it only came up in the low six figures.
https://accuratecalculators.com/historical-investment-calculator
My dad bought his first house in the seventies for £17k, he just sold his most recent house for £600k and downsized in to a £400k house. Please tell me about the investments I can make that will make me £200k in cash and provide a house that's fully paid for.
I also don't know where you live, but in the UK, typical rent is going to be far more expensive than the monthly repayment on the mortgage of a similar property. I was paying £1000 pcm for a run down three bed flat, my first mortgage was £568pcm for a big three bed detached house.
What ever you think of the 9000 series, you need to compare it with their primary competitor, Intel, which have poor reviews of their latest offerings to say the least.
The only thing AMD have to worry about with Intel's repeated calamities is getting complacent.
Most people that are buying a house look at it as an investment in itself. Even if the property only holds it's value rather than rising the way it has for the last few decades, it's still valuable equity.
It's only anecdotal (I'm British btw, but I'd be surprised to find the situations were too different across the pond), but I know very few people that rent that wouldn't buy if they could afford to. I'm quite sure that most people rent out of necessity, not choice, and that the "I want to rent" market is in reality, quite narrow.
I rented for about ten years, for no other reason than I couldn't save as fast as mortgage deposit requirements were increasing and I ultimately moved about 300 miles away from where I grew up so that I could be somewhere that had houses slightly more affordable.
I'm sceptical that this article isn't much more than a reworded article about Stockholm syndrome.
It does make for a funny story, but yh, probably wouldn't give it to the GF!
I think some people do fucked up shit regardless of what they're taught and it requires a solution that's slightly more complex than "just teach the kids right and wrong".
Whilst I strongly encourage good parenting, you could have the most fucked up parents imaginable and still easily be able to understand why rape and murder isn't a benefit to society.
I'm from England and wouldn't pronounce it like this at all. The "woo" sounds like you're a ghost or something and the "sure" part is just outright wrong.
It's really hard express through text, but I'd say "wuss-ter-she-er" (the wuss part is pronounced the same way as if you're refering to a cowardly person), is much closer. Regional accents could make it different tho.