08-15-2023, 08:08 AM
It's usually a problem when you start a reply post with "Not to be that guy, but...."
Where is this house?
Average rate of stock market return is 10 percent. Parking the $130k net NIL proceeds in a market at 10% for say 10 years (her early 30s) gets you $340,000. Say for 15 years (her late 30s) gets you $540,000.
To have $1.5 million for a decent house somewhere decent and giving it 15 years, the annual ROR starting with $130k needs to be 18%. Not impossible, but pretty risky. Could just as easily wind up with $15,000.
She'll be fine and earn far more than $200,000 over the next decade.
And I'll get better hobbies than calculating compound interest for internet sport.
Where is this house?
Average rate of stock market return is 10 percent. Parking the $130k net NIL proceeds in a market at 10% for say 10 years (her early 30s) gets you $340,000. Say for 15 years (her late 30s) gets you $540,000.
To have $1.5 million for a decent house somewhere decent and giving it 15 years, the annual ROR starting with $130k needs to be 18%. Not impossible, but pretty risky. Could just as easily wind up with $15,000.
She'll be fine and earn far more than $200,000 over the next decade.
And I'll get better hobbies than calculating compound interest for internet sport.