4 ms·
surely knew how percentages work Not even close. A 1% daily return is science-fiction.
by fasteo 12y ago
surely knew how percentages work
Not even close. A 1% daily return is science-fiction.
- cesarb 12y ago> Not even close. A 1% daily return is science-fiction. Not really. In 1990, the most common kind of "savings account" used here (caderneta de poupança) had one month with over 80% returns. That's a bit more than 1% daily return, for an investment almost everyone could (and did) have. Of course, that year the inflation was over 1000%/year...
- jacquesm 12y agoFor every rule there is an exception. Grandparent could be restated as a 'return that is more than a certain percentage over inflation' and it would hold water against your exception. Cue the next exception and so on. The point is that such high returns are a huge red flags and absent any explanation for them you should be extremely wary and probably just assume that it is a scam until you've proven otherwise.