1 10,000 shares of ABC can support the elderly?

China Agricultural Bank is a large state-owned bank managed by the central government, so can it support the elderly by holding 6,543,800 shares of Agricultural Bank? Is it enough to spend 1 10,000 shares of ABC? We have prepared relevant contents for your reference.

1 10,000 shares of ABC can support the elderly?

Suppose: the share price of Agricultural Bank of China is 3 yuan, then the market value of Agricultural Bank of China 1 10,000 shares is 3 million, and 3 million shares are a lot of money for ordinary people, so they can support their old age.

But because everyone's consumption level is different, 3 million yuan may be a relatively small expense for some people who spend more money. For example, in the first-tier cities in Beijing, the expenses are very high, and it is a bit difficult to provide for the elderly with 3 million yuan.

Is it enough to spend 1 10,000 shares of ABC?

This varies from person to person. If it is in an ordinary second-and third-tier city, in fact, 3 million is enough. If you spend 3,000 yuan a month, it will be 36,000 yuan a year, and 3 million yuan can be used for 83 years. If it is expensive, one month 1 ten thousand, 3 million can be used for 25 years, which is enough for a period of time.

However, if you have any special hobbies, such as speculating in futures, trading stocks and playing funds, you may lose money, and 3 million yuan may not be enough, mainly because everyone has different attitudes towards spending money, so you can't determine an answer uniformly.