OK...
I'll fund it... but the million is gonna be a future value quasi-BOND... IE... investing $0.31 once at 16% daily compounding yields $1,020,708.48 over 99 years. OR... the future value of $1 at the 42 year historical average (1962~2004) for 10 year T-bill yield of 7.215% 99 years from now with an assumed annual compounding is $1,060.61.
That is realistic - as is the
unlikelihood of my chipping in a real $942.85 which is exactly what is needed under the latter T-bill based example for a US govt. 10 yr. bond based $1,000,000 payoff... in 99 years at an assumed constant 7.215% yield every year.... Tax FREE!
OK, I'll put up the first dollar if you can raise the other $941.85 to match for a $1,000,000 prize! So NOW my money is technically on the line... just not exactly enough for the entire $1KK. But I have a FAIR plan... (below):
Or, put another way ... lets' divide the $942 required by the number of TAG participants and we'd have a fair funding of a real prize! And I would be happy to manage the kitty over the next 99 years commisson free (after zero profit net expenses)!
Or - so my aires will assume management or a designated trader after my retirement or passing - which ever comes first! I can have my general counsol draw up the contract in time for the sailing!!
I'll even contribute his fees billed to me, as I have a balance with him that has sat there for some time unused anyways. Litigation has been light as of late.