• Dyskolos@lemmy.zip
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    5 hours ago

    Depending on your needs and style of living, single-digit-million(s) already can do it. Risk-free at 2-5% or risky with >10%. Or, the wiser approach: 50/50

    Work is stupid and boring. But what I always see with people: they earn 1k more a month and spend 1k more a month. I’ve seen people complaining about having no money left to spend, while their lifestyle already is at 10k/month.

    Long story short: save, invest, rinse repeat. Stop trying to impress others with your “rich” lifestyle.

  • Natanox@discuss.tchncs.de
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    11 hours ago

    At this point it might not be the worst idea to bet against Nvidia or OpenAI, if you can do it at the perfect moment.

    • RedstoneValley@sh.itjust.works
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      8 hours ago

      The problem with this is unfortunately that if you miss the perfect moment you’re in for a catastrophic loss. If you’re not an insider it’s not worth the risk. We all know it’s going to happen, but it’s near impossible to predict when, from the outside. Those companies could manage to keep themselves alive in a financial circlejerk for a long time and the current environment of complete lawlessness in the US does not help in making it predictable either.

    • cRazi_man@europe.pub
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      10 hours ago

      if you can do it at the perfect moment

      Lol… Predicting the stock market? That thing that everyone has tried to do and no one has ever been successful at?

      • Quetzalcutlass@lemmy.world
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        9 hours ago

        Warren Buffet came close, by virtue of investing in stocks based on the quality of a company’s product and the brand loyalty of their customers. The sad thing is this was considered a novel and innovative method of investing and didn’t really catch on despite him becoming a hundred-billionaire through this strategy.

        • vrek@programming.dev
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          2 hours ago

          The problem is most people don’t want to be hundred billionaires in 20 years, they want to be 10 millionaires by the end of the month. To do that you don’t go for great products, you go for good products you can make sound great to other people and hope other people are stupider than you.