And right on cue here it is:
https://nypost.com/2022/01/15/dr-fau...n-investments/
And right on cue here it is:
https://nypost.com/2022/01/15/dr-fau...n-investments/
Here's the next step in the government slowly walking 'rona back. They'll never admit any wrongdoing/overreacting etc but we're getting closer to being a normal society. Effective Feb 2 hospitals no longer have to report deaths. After this will be states no longer will have to report cases then testing sites will begin closing and it will be over. By Easter this thing is gone and by Summer Fauci will retire.
https://www.wsws.org/en/articles/202.../hhhs-j15.html
Once again he's a highly successful old man who's worked for like 5 presidents. His wife is also very old and successful.
Number 1 common characteristic of millionaires is age. If someone isn't a millionaire by the time they're 81 then they're probably a fuckin retard.
Fauci could go work for Big Pharma and probably make $10M yearly.
Last edited by nightmarefish; 01-15-2022 at 09:29 AM.
I don't know if I'd go so far as to say anyone not worth a million at 80 is a retard. That's pretty harsh. 99.9% of people at 80 aren't still working like Fauci is. So for the most part whatever they accumulated at retirement age could well be a high water mark regarding net worth. Not necessarily but for many it would be. My investing philosophy is as follows. Figure out how much you need to live on and if your investment income is 50% more than that you are good to retire. Simple as that. Good luck doing it though. I'm not a believer in the 4% plan. I want dividends. All I care about. Having 50% more coming in than going out protects you from potential dividend cuts and also will grow the income over time. I figure I'll need $200k at retirement given our current lifestyle so I'll need $300k in dividends yearly. Sigh....
Ok, let me rephrase. Any highly successful person who works until they're 81 and isn't a millionaire is likely a fuckin retard. Especially if their wife is still working and is also highly successful. If they had 1 million by the time Fauci was 60 it's fairly easy to invest that and turn it into 10 million in 20 years.
It's a political hit job, same as when the Dems went after Trump's finances. I don't give a shit about either, it's all politics.
Obvious point is, Fauci doesn't need to have some secret plan to become wealthy, he can just go work for Big Pharma anytime he wants and make millions a year.
I know several 60 something ex cops and fireman who are not millionaires and never will be. They get anywhere from 70% of their salary annually until they die, they live great no worries in the world. They are certainly not Chardonnay sipping Biden Rinos like yourself making fun of the working man.
So let's say for arguments sake I give you $1 million right now. You'll turn that 1 million into 10 million in 20 years? A ten bagger? Fairly easily no less. That must be a CAGR of 50% a year when the stock market has averaged 10% historically. I'm on board, tell me what to invest in. Besides that I agree with your post. And all these articles coming out regarding his $350k pension...that's big government telling him it's time to go. June I'm thinking.
I'm disappointed in Fauci for only being worth ten million. Fuck, I'm worth almost half that and I'm 47. Guy is slacking bigly imo. I thought the fucker was an early investor in Moderna and was worth north of 100m
It was off the cuff but ya 10x is possible in 20 years with the right advisor. But let’s be honest, he probably had far more than 1 million when he was 60. His wife is head of the Department of Bioethics at the National Institutes of Health Clinical Center. what do you think that pays?
A retarded plumber could invest 50k today and be a millionaire by the time they’re 81.
Overall point is, if Fauci was driven by money all he had to do is go work on the other side of the fence. People like him that work in government until they’re 81 are more driven by status/power and the actual science. His finances are a nothingburger.
Fuck guys, cases dropping real fast in UK. Good to see. US will peak in 2 weeks or so, granted half the US population is fat as fuck, so half the country may die. Not that I can't lose 15 pounds myself.
Ya, I’m optimistic that by February this shit will be in the rare view.
I had a former CFO of the FBI living next door to me on a salary of $280k or so. His house was worth $3 million and he was still young probably upper 50's. How did he do this? He retired and went into the private sector, like you said, and made millions because he was CFO of FBI.
For those wondering, Pooh sold the mansion. Got out pretty much at covid lows. $1.8m. Worth close to $3m now. Good news is I made more money from my equity in the market than what the house appreciated plus reduced our living expenses by 70%. Building a house like that is something you do once, check it off the list, and move on. We now live in a normal house on a golf course. Average age on my street is same age as average death from covid. I call where I live witness protection.
It's a slightly over 12%. 50% would do it in little bit over 6 years. CAGR isn't very good metric though because it's just flat growth and the way it's calculated you never lose on any given year. Averages tend to get fucked when you include negative and positive events. Say year one you make 50% and year two lose 50%. On average that's breakeven growth. In reality you're stuck 25% at the end of year two.
POKER FAG ALERT! FOR BLOW JOB SEE SLOPPY JOE THE TRANNIE HO.
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