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Interesting use of the 4% rule from Sweden
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Topic: Interesting use of the 4% rule from Sweden (Read 1479 times)
Chuck Ditallin
5 O'Clock Shadow
Posts: 67
Interesting use of the 4% rule from Sweden
«
on:
March 07, 2019, 03:59:55 PM »
https://www.dailymail.co.uk/news/article-6783241/Swedish-artists-hire-one-person-want-life.html
[Daily Mail link may freak out some UK users, but I don't care]
As I read it, two artists win c. $750k in a competition to fund art; they use it to employ someone at a railway station, in perpetuity; the job is to turn on the lights in the morning and off in the evening. There is no other commitment.
The salary is listed at c. $2320 pcm, which is a withdrawal rate of 3.7%.
Thoughts?
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BicycleB
Walrus Stache
Posts: 5271
Location: Coolest Neighborhood on Earth, They Say
Older than the internet, but not wiser... yet
Re: Interesting use of the 4% rule from Sweden
«
Reply #1 on:
March 07, 2019, 04:05:36 PM »
That's funny!
If the idea of art is to provoke thought, it's probably an excellent use.
Remind me to visit that train station when it's open.
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secondcor521
Walrus Stache
Posts: 5522
Age: 54
Location: Boise, Idaho
Big cattle, no hat.
Re: Interesting use of the 4% rule from Sweden
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Reply #2 on:
March 07, 2019, 04:34:52 PM »
Sounds like The Red Headed League. Any banks nearby?
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Interesting use of the 4% rule from Sweden