Originally Posted by
ElegantlyWasted Without discipline (a real plan); you would be surprised how easy of is to blow through a mil. Just saw a stat that 60% of NBA players have a negative or zero net worth when they retire from the game. Assume you conservatively draw 4% yearly; that's only 40k per year. The instinct of an addict is instant gratification. I say it's gone within 2-3 years; 5 max. Hope I'm wrong. PS... Former stockbroker, addict during the late 90s tec boom.
On a quirky spin on the stockbroker /addit thing... I say but lots of POT (ticker-do a google search) and sell covered calls thus banking alot while spending alot in the addition.
On the serious side the best/worst thing that can happen is waste it quick and hopefully find a quick bottom.
AG