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Have people not heard of depreciation, maintenance, restocking? Oh. Oh waitaminute I see the angle here. Mining company shares to goldbugs, substandard shovels

Have people not heard of depreciation, maintenance, restocking? Oh. Oh waitaminute I see the angle here. Mining company shares to goldbugs, substandard shovels and rations to 49ers, stakes in stablecoin exchanges to the common techbro, and now, at last, "ISO-Certified Vend Automation Accreditation Training" where you can get all the tools you need to STRIKE IT BIG. Then you can rope in more people with the scam, and they can rope in more people yadda yadda yadda Another goddamn grift . . did we really need another? . . in search of the last dregs of pocket change lost in the American cushions. Looking for actual returns that aren't sacked with fees and conditions, everyone wondering, with an ever-growing suspicion, that all the new clever retirement "vehicles"[1] they've been dumping money in their entire lives will grow mysteriously inaccessible, in a suspiciously timely fashion, until they are all dead. Shit. Put up a vending machine that dispenses Quietus pills, then you might get some business. Forgive my cynicism, please. It's not a luxury I can afford at the moment. [1] Which not-so-coincidentally inflate the market valuation of the same industries employing them. Jesus Christ, did anyone think for twenty seconds about the follow-on effects of that? Whelp. Too late now.

ineedaj0b 3y ago
The Japanese have numerous vending machines of high quality that offer decent prices with good selections of food. Perhaps it is in our Future in America too
- yieldcrv 3y ago
  My house mates’ drug dealer used a vending machine yes it was brazen, yes it worked
  - gnicholas 3y ago
    Was it just one specific item that was not appetizing looking and was very expensive (to keep unsuspecting kids/etc.) from accidentally buying it? Were they concerned about getting nicked every time they refilled the machine?
    - yieldcrv 3y ago
      It works until it doesn’t If the yield was high enough all those costs and risks are absorbable
gruez 3y ago
>Looking for actual returns that aren't sacked with fees and conditions The Vanguard Total Stock Market ETF[1] has 12.0% annualized returns over the past decade, and only charges 0.03% in management fees. [1] https://investor.vanguard.com/investment-products/etfs/profile/vti https://investor.vanguard.com/investment-products/etfs/profi...
- 1270018080 3y ago
  People don't want actual returns that aren't sacked with fees and conditions. They want get rich quick schemes. Their financial instrument needs to be counter cultural somehow. And with an affinity for conspiracy theories and no financial literacy, low expense ratio index funds are the enemy. Where to put excess capital for the average person is a solved problem. People just want to be different.
- listenallyall 3y ago
  And you know for a fact it will also return 12.0% annually for the next decade?
  - gruez 3y ago
    I don't and never made a claim to such effect. Past returns might not be indicators of future performance, but that's true for every investment out there, including vending machines. Moreover the performance of the entire US economy is probably better diversified and managed than whatever side hustle you can dream up.
  - red-iron-pine 3y ago
    past performance is no guarantee if future returns; you're not wrong there. but will vending machines + their associated maintenance hours & overhead + supplies of goods to be sold return you more, or less, than VTI? hell, with interests rates being what they are, but 100k into high interest savings, bonds, certificate accounts, etc. and catch an easy 4.5% ($4500/mo.) with little to no risk, overhead, or random youth stealing your stuff.
    - 3y ago

ineedaj0b 3y ago

The Japanese have numerous vending machines of high quality that offer decent prices with good selections of food. Perhaps it is in our Future in America too

yieldcrv 3y ago
My house mates’ drug dealer used a vending machine yes it was brazen, yes it worked
- gnicholas 3y ago
  Was it just one specific item that was not appetizing looking and was very expensive (to keep unsuspecting kids/etc.) from accidentally buying it? Were they concerned about getting nicked every time they refilled the machine?
  - yieldcrv 3y ago
    It works until it doesn’t If the yield was high enough all those costs and risks are absorbable

gruez 3y ago

>Looking for actual returns that aren't sacked with fees and conditions The Vanguard Total Stock Market ETF[1] has 12.0% annualized returns over the past decade, and only charges 0.03% in management fees. [1] https://investor.vanguard.com/investment-products/etfs/profile/vti https://investor.vanguard.com/investment-products/etfs/profi...

1270018080 3y ago
People don't want actual returns that aren't sacked with fees and conditions. They want get rich quick schemes. Their financial instrument needs to be counter cultural somehow. And with an affinity for conspiracy theories and no financial literacy, low expense ratio index funds are the enemy. Where to put excess capital for the average person is a solved problem. People just want to be different.
listenallyall 3y ago
And you know for a fact it will also return 12.0% annually for the next decade?
- gruez 3y ago
  I don't and never made a claim to such effect. Past returns might not be indicators of future performance, but that's true for every investment out there, including vending machines. Moreover the performance of the entire US economy is probably better diversified and managed than whatever side hustle you can dream up.
- red-iron-pine 3y ago
  past performance is no guarantee if future returns; you're not wrong there. but will vending machines + their associated maintenance hours & overhead + supplies of goods to be sold return you more, or less, than VTI? hell, with interests rates being what they are, but 100k into high interest savings, bonds, certificate accounts, etc. and catch an easy 4.5% ($4500/mo.) with little to no risk, overhead, or random youth stealing your stuff.
  - 3y ago