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And you know for a fact it will also return 12.0% annually for the next decade?
by listenallyall 3y ago
And you know for a fact it will also return 12.0% annually for the next decade?
- gruez 3y agoI 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 agopast 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.
- FooBarBizBazz 3y agoI think you mean $4500/yr, or $375/month. Pre-tax.
- listenallyall 3y agoThe guy is math-illiterate and assumes everyone has $100,000 in cash lying around. The people in the article all started with under $5,000, the low cost of entry is the primary appeal of a vending machine business.
- deleted 3y ago[deleted]