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It seems everyone is a financial guru these days. I wonder what these people are doing on their keyboards. Why aren't they all on gold plated yachts?
by r0fl 7y ago
It seems everyone is a financial guru these days. I wonder what these people are doing on their keyboards. Why aren't they all on gold plated yachts?
- jansan 7y agoAre there no keyboards on gold plated yachts?
- samstave 7y agoI cant even afford a gold plated keyboard. :-(
- TAForObvReasons 7y agohttps://www.tomshardware.com/news/24k-gold-keyboard https://www.tomshardware.com/news/24k-gold-keyboard
- marvel_boy 7y agoJust ordered !
- econcon 7y agoIsn't buying silver plated better due to germicidal properties of silver?
- Jorge1o1 7y agoI've pulled off some pretty great trades in my time, for example, I had the conviction that the Sprint merger was going to get approved and I bought Sprint stock in January, nearly doubled my money. The only problem is that I've only got $5k to invest, especially if I'm maintaining a healthy rainy day fund. And I'm not throwing all $5k into a single stock. That's why I'm not on a gold plated yacht. The truth is you could be a financial genius but if you grew up in a middle class family and have basically zero inherited wealth, you're not going to have the money to invest.
- bluGill 7y agoIf you are a financial genius you will soon have money to invest, it doesn't take much to start, and every year there are a few doubling opportunities. Most of us are not financial genius and so we only realize they existed in hindsight. However there were always signs that could have been seen in advance - and there are always ways to cut your losses. If you don't start with might it might take 20 years but a real financial genius can be rich even if their source of income during that 20 years is flipping burgers.
- MulliMulli 7y agoHey man, posting this from my gold plated yacht.. want some trading advice?
- logfromblammo 7y ago30% returns on chump change is still chump change, but if you already have a yacht, 30% returns will allow you to gold-plate it. It's far more likely that those financial geniuses are just not worried about retirement or college tuition for their kids. Because the strongest correlating factor for getting richer is already being rich, and not being smart with money. The real question is... why aren't all yachts now gold-plated yachts? If my father gave me $1 billion 40 years ago, I would have to be literally the dumbest idiot in the world--or the unluckiest schliemazel in the world--to have less than that now. Instead, I just got a debt-free bachelor's degree, and so I'm not rich now, but still doing okay.
- Der_Einzige 7y agoSome of us only entered the markets now (puts) because they hedged that they know more about epidemology than investors did. I don't think I can beat wall street except when wall street doesn't know how to respond.