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/biz/ - Business & Finance

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58952761 No.58952761 [Reply] [Original]

"Investing" can't make me rich. Let's say I find a wildly successful strategy, which gives me a 30% return. If I have $100,000 in the bank, that's only like $30,000. I can't live off $30,000. Nobody can. "Investing" will never work unless I'm already rich, and then, what is the point of risking it on a potentially lousy investment which makes me lose instead of gain?

>> No.58952796

>>58952761
yeah welcome to life dickhead everybody has the same risk

>> No.58952818

better than wage slaving at some warehouse for $17 an hour

>> No.58952834

>>58952761
A strategy would imply it can be repeated. 30% of 130k is 39k and 30% of 169k is 41.7k. See where I'm going with this?

>> No.58952877

>>58952761
That’s why you unironically have to wage for 50 years and save in a retirement fund because the only way to get wealthy is over time + compound interest.

>> No.58952903

>>58952761
>I can't live off $30,000. Nobody can.
What is your budget?

>> No.58953295

>>58952761
Why so you think we all turned to crypto? We need thousands of percent returns and this is our best shot.

>> No.58953416

>>58952761
one of my relatives spouse died and now they're sitting on millions in dividend stocks making as much money as I make a year working a wagie job

>> No.58953526

>>58952761
You will always be broke because you're retarded. Any man over 95 iq can realize what anon here said
>>58952834

>> No.58953723

>>58952761
That's why you're supposed to buy and hold and keep investing. Work your way up to a couple of million, then those 10%, 20%, 30% gains will be something.

>> No.58953755
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58953755

>>58952761

$10,000,000 x 20% = $2,000,000

>> No.58955037
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58955037

>>58952761
Well i can live off perfectly fine with 30k per month on my bank account, hell i make much more farming unicorn.meme airdrops and to be honest i dont know what the fuck you're doing that you're spending more than 30k a month my dude.