4 ms·

If someone knew of an easy way to make a lot of money with very little risk, why would that person share it with anyone, especially in exchange for money? At s

If someone knew of an easy way to make a lot of money with very little risk, why would that person share it with anyone, especially in exchange for money? At some point you have to think the people that invest in these type of scams have to know they're scams and are just hoping to get in early enough to be closer to the top of the Pyramid.

carapace 5y ago
Greed, like all negative emotions, makes you stupid. Conmen occasionally write books about what they do and they all say that greed is the hook that catches their victims.
mattkrause 5y ago
Access to capital? This site is literally funded by doing that!
- wnevets 5y ago
  this site is literally funded by easy high reward/low risk schemes?
HWR_14 5y ago
If I knew a way to make you 100% every year with no risk, I would try my hardest to convince you to let me do that for you for 1%. Because finding 1000 people who all agree to that makes me 10x as much money as just using my own cash. And that's assuming we're all equally rich to start. I could probably, if I prove it was true, have each of those 1000 people write me a check for a multiple of my net worth.
- zamadatix 5y ago
  If you start with unreasonable assumptions you get unreasonable results. Nobody has a way to make 100% every year with no risk, particularly one that doesn't greatly diminish the rate of returns if you get 1000 large investors.
  - HWR_14 5y ago
    Huh. I don't have such a way. But I'm responding to someone saying it had to be a scam because no one with that system would ever share it. My point is sharing it for a percentage would be highly profitable (hell, that's the description of a mutual fund.) You cannot use the fact that people want to put other people's capital into an investment to denigrate that investment.
    - zamadatix 5y ago
      Again, nobody would ever share it because such a system would not hold it's original rate of return and risk once shared. Getting a bunch of money from people and getting a low risk and reward return is already doable, just put it in an index fund, the one thing unique about this is high returns AND zero risk and this goes out the window when you share it with your closest 1000 friends (i.e. it becomes public knowledge) and suddenly you find out the investment didn't have a truly infinite source of return to pull out of to keep the rate steady. This is in addition to such a no risk system not existing in the first place. I.e. both are unreasonable assumptions and both will give you unreasonable results.
dreamcompiler 5y ago
I think they mostly don't know they're scams. That's part of why such people are called "unsophisticated investors" and why they are so frequently targeted by conmen. If a substantial fraction of the US population believes the earth is flat or that astrology works or that aliens routinely visit our planet, it's also possible that a large fraction believes zero-risk/high-reward investments are real.

carapace 5y ago

Greed, like all negative emotions, makes you stupid. Conmen occasionally write books about what they do and they all say that greed is the hook that catches their victims.

mattkrause 5y ago

Access to capital? This site is literally funded by doing that!

wnevets 5y ago
this site is literally funded by easy high reward/low risk schemes?

HWR_14 5y ago

If I knew a way to make you 100% every year with no risk, I would try my hardest to convince you to let me do that for you for 1%. Because finding 1000 people who all agree to that makes me 10x as much money as just using my own cash. And that's assuming we're all equally rich to start. I could probably, if I prove it was true, have each of those 1000 people write me a check for a multiple of my net worth.

zamadatix 5y ago
If you start with unreasonable assumptions you get unreasonable results. Nobody has a way to make 100% every year with no risk, particularly one that doesn't greatly diminish the rate of returns if you get 1000 large investors.
- HWR_14 5y ago
  Huh. I don't have such a way. But I'm responding to someone saying it had to be a scam because no one with that system would ever share it. My point is sharing it for a percentage would be highly profitable (hell, that's the description of a mutual fund.) You cannot use the fact that people want to put other people's capital into an investment to denigrate that investment.
  - zamadatix 5y ago
    Again, nobody would ever share it because such a system would not hold it's original rate of return and risk once shared. Getting a bunch of money from people and getting a low risk and reward return is already doable, just put it in an index fund, the one thing unique about this is high returns AND zero risk and this goes out the window when you share it with your closest 1000 friends (i.e. it becomes public knowledge) and suddenly you find out the investment didn't have a truly infinite source of return to pull out of to keep the rate steady. This is in addition to such a no risk system not existing in the first place. I.e. both are unreasonable assumptions and both will give you unreasonable results.

dreamcompiler 5y ago

I think they mostly don't know they're scams. That's part of why such people are called "unsophisticated investors" and why they are so frequently targeted by conmen. If a substantial fraction of the US population believes the earth is flat or that astrology works or that aliens routinely visit our planet, it's also possible that a large fraction believes zero-risk/high-reward investments are real.