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Author Topic: Interesting use of the 4% rule from Sweden  (Read 1478 times)

Chuck Ditallin

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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

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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

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Re: Interesting use of the 4% rule from Sweden
« Reply #2 on: March 07, 2019, 04:34:52 PM »
Sounds like The Red Headed League.  Any banks nearby?
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Wow, a phone plan for fifteen bucks!