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beioiog7y3l
Wysłany: Wto 0:35, 15 Paź 2013
Temat postu:
I head a project to telescope 400 years of normal progress into 20 years. Through the project, you can learn to make breakthroughs. What are the potential benefits
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If the modest trend in increased life-span for 60 year-olds were to continue for another four centuries, 60-year-olds
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If marriage and child-bearing occur at young ages, someone who has 30 descendents at 80 could have 62 descendents at age 100 .
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With so many more years to gain the benefits of compounding the value of a person's investments, we can expect that it
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Commercial property investments for retailers will be similarly lucrative if you buy where everyone will want to be for the next several decades. Safe bets like spots overlooking Central Park in Manhattan and Waikiki beach views from up the mountain in Honolulu will probably create many trillionaires in the future.
You can now buy index funds of several thousand of the largest companies in the world. These stocks compound in value around 5 percent
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a year in real terms. That means doubling in purchasing power every 15 years. Put $100,000 into such an index fund at age 30, and the value of your portfolio's purchasing power in today's dollars will be $6,400,000 at age 120.
What about the future potential for income? Average productivity gains over long periods of time have been about 3 percent a year. Incomes tend to track the rate of productivity gains so we can use this statistic to estimate how much purchasing power will increase in the future.
At that growth rate, purchasing power doubles every 24 years. That is almost seventeen doublings over 400 years.
For someone who earns $35,000, four hundred years of such progress
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Or perhaps the work week will shrink for most people to just a few minutes. Someone who worked 30 minutes a week would earn $94 million a year. I think I could get by on that. How about you?
How might you earn this much for so little effort? Someone who developed a great computer program for investing
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How would the average person earn that amount? I suspect that computer technology will develop to such a point that anyone will be able
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to establish a profitable specialty that's enormously valuable to others. What will your specialty be?
Copyright 2008 Donald W. Mitchell, All Rights Reserved
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Wysłany: Pon 6:16, 14 Paź 2013
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