Quote:
Originally posted by The Other Steve
Well down here in Australia the last figure I heard was that if you wanted a guaranteed 40k a year return on your investments you needed 4 million invested
If you invested $US4million down here you could expect a return of around $A70k per annum
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That's a return rate of 1%. If you put your money in a checking account, you'll get a better rate than that.
If you invest your money, even if you only buy GICs or T-bills, you'll get at least 3-4% return (120k-160k usd)