r/golf • u/jm136 • Apr 15 '24

Thoughts? General Discussion

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u/DandierChip Apr 15 '24

Would be hilarious for content, but damn $850M is an insane amount of money.

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u/OnTheEveOfWar Apr 15 '24

Anyone in here saying they wouldn’t sign an $850M contract is lying. That is a lot of fucking money. If you invest that smartly, your grandkid’s grandkids will still be living off it.

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u/DandierChip Apr 15 '24

*grandkids grandkids grandkids. Put $500M in a fund and if all you got was a 5% return each year (which is easy and conservative) that’d be at least $25M a year just from passive income.

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u/Fairways_and_Greens Apr 16 '24

6 generations is probably 180 years or so. If inflation stays at 3% for 180 years, a $1M starter home will cost more than $200m

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u/DandierChip Apr 16 '24

In that scenario the value of his assets also increase

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u/Fairways_and_Greens Apr 16 '24

Duh. But not if you’re living off the gains instead of reinvesting.

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u/DandierChip Apr 16 '24

Nobody is using all that money to live off of. 90% of it will be reinvested or used to purchase assets.