5 ms·

I'd love to see you try. It's easy to turn $20 into $40, but as you approach larger numbers it keeps getting harder.

by verelo 7y ago

deleted 7y ago
[deleted]
jagged-chisel 7y ago
Looks like you've got it backward - as long as your $16b doesn't turn into $8b (negative fifty percent), you're doing better than this guy. If you put the $16b in any kind of mutual find, you're going to get a positive return, even if it's a single digit percentage, and it'll be much better than this guy.
- perl4ever 7y ago
  Overall I agree with the point, but I was considering the idea of risk and the stock market, and I looked at what kind of return you would get if you invested in a major index at a peak and sold at the low point, and historically it's been in the ballpark of -70%. So the odds are lower and the timescale is longer, but you could still lose more, potentially.
  - verelo 7y ago
    The issue i have with all these arguments is that while you can turn x into 2x, when you layer on interest, taxes, and any fees you encounter in the process...your cut won’t be what you thought it was going to be. Making money isn’t cheap and anyone who thinks it is hasn’t actually tried to do it yet.
    - perl4ever 7y ago
      That's a negative 70% in the worst case. I wasn't talking about making 70%.
OnlineGladiator 7y ago
He's saying you can do better than turning $40 into $20 at scale. He's not saying he will double the investment - only that he won't lose half of it.
kjs3 7y ago
Completely untrue. Even if all you do is take advantage of the investment opportunities that someone with, say, a million dollars get access to that someone with 20 doesn't, it's easy to grow large amounts of money. "To turn $100 into $110 is work. To turn 100 million into $110 million is inevitable". Edgar Bronfman
- turk73 7y ago
  Wow, well, you obviously haven't done it. I have, and I am here to tell you that it wasn't so easy. Even with 7 figures, I don't have access to anything special. I guess those perks kick it at some higher figure, maybe 8, dunno. Maybe at the $100M mark it is that way, I probably will never know. Earning a steady 10% is really fucking tough. It's kind of a joke, really, Getting anything resembling decent investment return is god damn hard.
- verelo 7y ago
  So you have a good argument, but that basically means all that stands between someone making $10million is getting the credit to start their business? I’d love to offer you that credit and take half your profits after interest and taxes.
  - kjs3 7y ago
    No, I said no such thing, and borrowing money is different than having money.
    - verelo 7y ago
      I guess I just don't know what you're saying then. It's easy to make money if you already have it? Maybe in terms of quantity, but in terms of % return i don't feel the ease of producing a return is really super linear or logical.

I'd love to see you try. It's easy to turn $20 into $40, but as you approach larger numbers it keeps getting harder.

by verelo 7y ago

I'd love to see you try. It's easy to turn $20 into $40, but as you approach larger numbers it keeps getting harder.

deleted 7y ago

[deleted]

jagged-chisel 7y ago

Looks like you've got it backward - as long as your $16b doesn't turn into $8b (negative fifty percent), you're doing better than this guy. If you put the $16b in any kind of mutual find, you're going to get a positive return, even if it's a single digit percentage, and it'll be much better than this guy.

perl4ever 7y ago
Overall I agree with the point, but I was considering the idea of risk and the stock market, and I looked at what kind of return you would get if you invested in a major index at a peak and sold at the low point, and historically it's been in the ballpark of -70%. So the odds are lower and the timescale is longer, but you could still lose more, potentially.
- verelo 7y ago
  The issue i have with all these arguments is that while you can turn x into 2x, when you layer on interest, taxes, and any fees you encounter in the process...your cut won’t be what you thought it was going to be. Making money isn’t cheap and anyone who thinks it is hasn’t actually tried to do it yet.
  - perl4ever 7y ago
    That's a negative 70% in the worst case. I wasn't talking about making 70%.

OnlineGladiator 7y ago

He's saying you can do better than turning $40 into $20 at scale. He's not saying he will double the investment - only that he won't lose half of it.

kjs3 7y ago

Completely untrue. Even if all you do is take advantage of the investment opportunities that someone with, say, a million dollars get access to that someone with 20 doesn't, it's easy to grow large amounts of money. "To turn $100 into $110 is work. To turn 100 million into $110 million is inevitable". Edgar Bronfman

turk73 7y ago
Wow, well, you obviously haven't done it. I have, and I am here to tell you that it wasn't so easy. Even with 7 figures, I don't have access to anything special. I guess those perks kick it at some higher figure, maybe 8, dunno. Maybe at the $100M mark it is that way, I probably will never know. Earning a steady 10% is really fucking tough. It's kind of a joke, really, Getting anything resembling decent investment return is god damn hard.
verelo 7y ago
So you have a good argument, but that basically means all that stands between someone making $10million is getting the credit to start their business? I’d love to offer you that credit and take half your profits after interest and taxes.
- kjs3 7y ago
  No, I said no such thing, and borrowing money is different than having money.
  - verelo 7y ago
    I guess I just don't know what you're saying then. It's easy to make money if you already have it? Maybe in terms of quantity, but in terms of % return i don't feel the ease of producing a return is really super linear or logical.