0210 - "Mr. Park Ranger" [6/11/07]
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No; not necessarily. The trustee of a trust has a "fiduciary duty" to safeguard the money according to the exact covenants of the trust, which could either let them invest conservatively (=lower rate of return) or more aggresively (=higher potential rate of return.) Interest bearing accounts don't usually have much play in interest rates, especially in today's highly competitive short-term-instrument market.onsweetavenue wrote:I think Jonas IS a millionare. I also don't think 3,000 a month is what daniel and Bree need.
They don't eat out. They don't rent lavish hotels often (vegas, once, right) and dine on expensive food. They stay in all sorts of cabins and bunkers and his aunt's house.
Also, are people forgetting that according to the law both his parents are dead? Meaning he got their health insurance policies which could be significant.
I'd say he has about 2 million at least. That's not that much these days, especially in california but if it's invested right it can be a lot.
I'm sure a lot of his money is in a high interest bearing account. If someone was put in charge of managing his trustfund they have an obligaton to do so.
But this is all moot because your main point is correct; dude's loaded. It's fictional; the creators could make him worth $50 million if they wanted.
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I want a new video. >.<
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"Do I look like the kind of girl who wears socks?" -Sarah
The Hymn of One is fun!
Hooray for Orange Slurpees!
Go to my YouTube! http://www.youtube.com/xshibbiex
Yes; your math is right, and that's a reasonable rate of return. If he didn't retain his earnings he could take out that much.suze900 wrote:Chevalier,
If he had 1-2 million invested in a balanced fund or a mix of stocks & bonds that earned about 8%/yr overall, wouldn't that give him an income of 6-12,000/month? Correct me if I'm wrong.
But this is a digression, even though a correct one--the point is he's loaded, and whether that's one million (and there are more millionaires in the country than one might believe) or five million or fifty million dollars, the point is, hey! plot device, that's where SCOOBY TAAG gets their moolah.
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- onsweetavenue
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chevalier wrote:HIgh interest doesn't mean stock market, necessarily at least as I meant it, it just means higher then a mere checking bank account.onsweetavenue wrote: No; not necessarily. The trustee of a trust has a "fiduciary duty" to safeguard the money according to the exact covenants of the trust, which could either let them invest conservatively (=lower rate of return) or more aggresively (=higher potential rate of return.) Interest bearing accounts don't usually have much play in interest rates, especially in today's highly competitive short-term-instrument market.
if the manager of a trust is a lawyer at least around here, you have not only a duty to put things in an interest-bearing account, but a duty to be productive. Meaning it needs to grow by over 1% a year (at least around here). So after subtracting fees and all you'd have to at bear minimum put it in a CD, I believe.
Sure it's fictional but people are acting like it's outrageous or unusual that Jonas could be so rich. It's not, he has two parents that were wealthy and inherited their money and their life insurance I'm sure. I doubt he owes any money on the house, right? Think of what 30 grand would mean if you didn't have to pay rent. That would be awesome.
There are plenty of outrageous and unbeleiveable shit going down in this story and Jonas and his money are the least we should be worrying about.
I got heaps confused on the first page of this thread. What's this about a scam? I've been off the internet for 4 days, and apparently I've missed something.
Please explain.
Please explain.
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"You guys stuck a fish in the face"
Daniel speak good English lots
"Hi! We're here to take you to Six Flags, little girl. But first we wanna tie you up".
~Jonas [My Lover]
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What constitutes fulfilling a fiduciary duty varies from state to state, and by how the trust agreements are worded. The gist of what you're saying is correct, however.onsweetavenue wrote:
if the manager of a trust is a lawyer at least around here, you have not only a duty to put things in an interest-bearing account, but a duty to be productive. Meaning it needs to grow by over 1% a year (at least around here). So after subtracting fees and all you'd have to at bear minimum put it in a CD, I believe.
Sure it's fictional but people are acting like it's outrageous or unusual that Jonas could be so rich. It's not, he has two parents that were wealthy and inherited their money and their life insurance I'm sure. I doubt he owes any money on the house, right? Think of what 30 grand would mean if you didn't have to pay rent. That would be awesome.
There are plenty of outrageous and unbeleiveable shit going down in this story and Jonas and his money are the least we should be worrying about.
I say again: there are more millionaires than people. Here's an old article from marketwatch that says there were almost 9 million millionaires in the US in 2005:
http://www.marketwatch.com/News/Story/S ... iteid=mktw
I love how people are incredulous that there might be a wealthy person in the series, but Order? Hymn of One? Magic midichlorians...er....ribozymes? They have no problem.
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