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Re:IQ rates are dropping in many developed countries by jondubois on Wednesday May 22, 2019 @03:21PM (#19984532)
Not so. The reality is that his family banker will invest the money in an index fund like S&P500 for him and then he will see it compound a predictable 10% or so every year, becoming increasingly wealthy without ever having to lift a finger or exercise a single neuron.
Re:IQ rates are dropping in many developed countries by icedchai on Wednesday May 22, 2019 @03:35PM (#19984670)
More likely the banker will invest it in low performing actively managed mutual funds and slowly drain 1-2% in additional "management fees" out of him...
Re:IQ rates are dropping in many developed countries by ksenzee on Wednesday May 22, 2019 @04:54PM (#19985380)
If you're getting a predictable 10% from your investments, you're investing in a different SPY than I am.