4 ms·
Timing is everything. LinkedIn crashed at the end of 2015, but recovered in early 2016, dropping from around $250/share to $92 and rising up again to $190. If
by mattbgates 9y ago
Timing is everything.
LinkedIn crashed at the end of 2015, but recovered in early 2016, dropping from around $250/share to $92 and rising up again to $190. If you took $10,000 and invested it and rode that wave... it is now $195. Would've been a 112% ROI with about $11k made.
I did take a risk on investing in another company with $10k recently and made $1000 in a day or two. There are websites out there that help you... its definitely risk taking with chances of losing a lot of money if you aren't quick enough, and while it's not technically insider trading... it's more similar to penny stocks, where timing is everything, and if you have at least a minimum of $10k to invest, and you ride the small waves.. you can make thousands of dollars doing that.
Money makes money and with time money can be made. I have a 401k that I can't touch because I no longer work at the job. I have spoken with financial advisers about touching it or not touching, and while some suggested I move it, the fact remains: My money got invested into some really good companies at early stages that are just not available with any other plans, either with my current company, or Roth IRAs, so leaving the money in there is just best. The last time I put money in there was at 4k. A decade later, it is nearing $12k. Might not sound like a lot to some people, but that is the power of money making money on itself. I haven't touched it because I can't put anything into it. Being as I'm still about 30-35 years away from retirement, I'm sure it will be just fine if I leave it.
Kind of like a Futurama deal... where Fry gets frozen for 1,000 years...
>>The account had contained 93 cents in 1999, but after accruing interest at 2.25% per year for 1,000 years, the balance is now $4.3 billion. ( https://en.wikipedia.org/wiki/A_Fishful_of_Dollars https://en.wikipedia.org/wiki/A_Fishful_of_Dollars )
- jfaucett 9y agoThe funny thing about that quote is that 4.3 billion would still probably have an adjusted value of about 0.93 cents, assuming inflation continued at the roughly 2-3% a year it has been in most western countries.