Comment on Just think about it
Joncash2@lemmy.ml 1 day agoThe problem is there is no safe way to invest that kind of money. If there was a purely safe way to invest everyone would be a millionaire. The savings account thing you mentioned is literally only for poor people, to give them a leg up and a small increasing investment for the purpose of teaching people the value of investment. You’ve created a statement and keep smacking it.
Dasus@lemmy.world 1 day ago
No, they wouldn’t, because investing requires you to have something to invest.
I don’t understand why youre fighting against very obvious facts. Money makes money.
Quite literally. You’re pretending as if it wouldn’t be safe slopping 100 mil into a Swiss bank account, given you’re not American and that 100 million was rightfully yours.
“You’ve created a strawman”. No need, honestly. Your trying to argue that it’s not incredibly easy to generate passive income for life if had a 100 million to invest.
That’s just patently untrue.
Joncash2@lemmy.ml 1 day ago
There’s literally no safe way to invest at that level. Do you understand what the FDIC is and what they do? Do you understand what an accredited investor is and why they can invest in riskier vehicles? Did the words I just write look like word salad to you?
Dasus@lemmy.world 1 day ago
Nothing is completely safe, but it’s ridiculous that you’re pretending like it’d be any issue to make 100 million grow if you magically got a sum like that.
Yeah, the FDIC is a an American institute. Most Swiss banks don’t deal with Americans.
What you’re talking about is actively investing. I’m using “invest” in it’s basest form.
What is it that you think is so unsafe in slopping a 100 million to a Swiss bank account? Like ofc, nothing is completely risk free, but looking at their history and reliability, what do you specifically think would happen to it? The banks crash?
Get on out of here with your inane libertarian “look I’m a big man in teh money game” bullshit. You’re literally trying to argue that it wouldn’t be completely trivial to make that kind of money grow.
Joncash2@lemmy.ml 1 day ago
It’s literally not trivial. Again why does the FDIC exist? I didn’t say where is it from. What is it for, what does it protect. Who benefits from its protection. Why do investors need to be accredited, why is there higher risk for accredited investors. And this is purely the intro to what I’m talking about.