Sally from Oregon
2%$10M/50K/40
Sally from Oregon proposes to become a doctor and launch a clothing brand called Bethlinen. $10M across 50K contracts with a max duration of 40 years. The entire $10M will be put into an S&P 500 ETF with 2% capped annual withdrawals to Sally. As an extra incentive for speculators, Sally agrees to set aside a portion of her net profits from Bethlinen into a bonus Bitcoin ETF that will be liquidated at end of contract.
STAGE ONE — Sally submits her contract proposal to Noitciderp where it’s reviewed by speculators & firms, terms are then negotiated and an almost-final contract is drafted
STAGE TWO — Sally dedicates a week to go over the contract in person at a firm’s branch, final adjustments to terms are made and contract is signed by her, remotely by speculators
STAGE THREE — Firm holds the $10M and puts it into an S&P 500 ETF where 2% capped annual withdrawals are provided to Sally for 40 years max, firm establishes Sally’s bonus Bitcoin ETF at this time
STAGE FOUR — Sally starts medical school while also starting Bethlinen using an inherited piece of land in rural Oregon, after completing medical school, she becomes a doctor in a neighboring town notorious for having a shortage of medical professionals and helps to lower wait times in the region
STAGE FIVE — After 30 years, Sally continues to generate an impressive track record as a doctor, becoming recognized all across the Pacific Northwest, linen becomes the most popular clothing material in the world and Sally’s bet on Bethlinen continues to pay off substantially, around this time she also wins an award for helping the United States drastically reduce reliance on imported clothing products
STAGE SIX — After 40 years, firm liquidates the S&P 500 ETF and Sally’s bonus Bitcoin ETF, speculators realize results and contract is executed