ilmscore | Prediction Details
"I would put 5 million into a brokerage account for my mom and invest in lowcost index funds that track the S&P 500 because that's P 500 funds pay a dividend my mom would be getting around $75,000 a year just by doing nothing"
By Steve | Call to Leap | July 26, 2024 | Correct
From video
Why I Disagree With Dave Ramsey 00:00:21 - 00:00:34
Interpreted Prediction
Investing $5 million into S&P 500 index funds is predicted to generate approximately $75,000 per year in dividends.
AI Evaluation Notes
Based on the current dividend yield of the S&P 500, a $5 million investment would yield approximately $101,500 annually, calculated using an average dividend yield of 2.03%. This is within 20-30% of the predicted amount of $75,000.

Prediction Details

Ticker
SPY
Price at the predicted date
101,500 USD

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