/biz/ - Business & Finance

>>30392716
> the benefit is that when you have a 7 figure portfolio it is more beneficial for you to take a loan on a fraction of that and pay monthly interest, while using the rest of your money to take several other mortgages and rent them out to cover utilities, tax and maintenance + some profit in your pocket.

Thank you so much for explaining. You sound wise.

If it is that easy, then what are main concerns and risks with this approach? Surely there is no free lunch?

And why can't anyone else do it just in smaller scale?

Theoretically, a 6 figure person could also do the same. Why is this approach more beneficial for me with 7 figures than a 6 figure person?

>>30350346
> It literally has maxicuck. Chainlink was $1.50 in April last year. BTC was $5k. I bought $15k in LINK at that time. I've 20x my money. Outperformed BTC by a factor of at least 4.

> Using anecdotal incident of successful market timing as basis for his argument.

ngmi

> Nah.

Isn't an argument.

> IBM was the highest valued tech company at one point

And? You can literally make that argument for anything. That doesn't prove XMR will overtake BTC. I could say: "Byzantian Empire was most powerful judical body on earth at one point and that means USA will collapse soon". False equivalence basically.

> IBM was that as well

Continuing the same non-argument.

> Only 11 years.

We are measuring against competitors. So longer than literally every other altcoin including XMR.

> Several million coins are in whale wallets

Organic distribution and natural distribution. It has natural market discovery. The case is even worse for alts and johnny-come-lately clones.