I don't think he's a loser at all. Put it in investments and don't touch the capital. Live off the interest.Originally posted by Virtualbody1234+6 October 2003 - 00:01--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Virtualbody1234 @ 6 October 2003 - 00:01)</td></tr><tr><td id='QUOTE'>Originally posted by james_bond_rulez@5 October 2003 - 23:38
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put it in the bank and live off it for the rest of my life.
wut a loser
you'll use it up b4 u r even 50
It's good for a lifetime or even generations if the capital isn't touched. [/b][/quote]
the money value is decreasing all the time
if all you do is put all your money in the bank and only expect to live off of interests in return. even if you dont touch your capital your value still depreciates.
what I would do is risk management. dont put all the eggs in one basket. I would put some in trust funds, stocks, buy real estates, my RRSP's, brokage, foreign currencies.
there is a lot of ways to manage your money and putting all your money in a bank isn't the answer.
at least not to me.
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