Tuesday, June 07, 2016

Billionaire hedge fund manager Steve Cohen tore down $62 million mansion


Hoosier's note:

Let's say I have that $62 million and I invest the money in the 10-year UST at 1.75%,

$62,000,000 * 1.75% = $1,085,000 per year

or,

$1,085,000 / 12 = $90,416.66 per month

I would say that I would live VERY COMFORTABLY with $90,416.66 per month (or, about $3,000 per day).

And, I would still have the original capital of $62 million, untouched!