4 ms·
The quality of life increase fore mere 8% return is not as much. You'd need much higher returns for many people to make them not use the money now. Losing 1K ev
by rydre 6y ago
The quality of life increase fore mere 8% return is not as much. You'd need much higher returns for many people to make them not use the money now. Losing 1K every month for 5 years for a person who make 200k a year is not much Given the chance to make 100million - billion even if is very little.
Think of it as being a indie VC. Most investment will lose, the ones that gain might make you a lot.
- WalterBright 6y agoYour odds are still likely better than lottery tickets.
- rydre 6y agoIt's not all about the odds. Sure at an aggregate level it might make sense. But instead of looking at it as mere % expected return, look at it as a tiered return. Above 200K I'd need 1M+ a year to improve my life. Above that, I'd need 10M+ a year. Above that 50M, then 500M and then 4B a year etc. The quality of life improvement varies in the income bracket. Not every % increase is equal for individual humans.
- tinus_hn 6y agoStoring money in a sock has better odds than lottery tickets.