Comment on Just think about it
Joncash2@lemmy.ml 1 day agoIt’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.
Dasus@lemmy.world 1 day ago
“This is purely the intro to my garbage avoidance of reality.”
I don’t need to hear the rest.
The reality is that should someone give you a 100 million and you’re of normal intelligence, have no substance abuse issues or debts or anything of the like, it’d be trivial to invest some of that money into hiring professionals who know what they’re doing, and that your only requirements are to get, idk 100k a year to use for yourself, and to have it as safe as possible.
You disagree that that would be trivial to do? Soo… avoiding reality it is then.
We’re not talking about investing the money to “make money” in the sense that proper investors would with 100k that they would invest in what they deem to be worth the risk. They expect decent roi for that sort of money. But we’re talking about roi that would be enough to sustain a person living very moderately.
That’s literally not an issue at all. Although I used “Swiss banks” as a meme, because I know you won’t understand the nuances of European institutions and Swiss banks would probably actually charge for holding that money, so you’d want to put it in a German bank more so than a Swiss one. But there’s tons of safe options for just putting it in and being able to make HUNDREDS OF THOUSANDS of interest a year.
And your argument is that “no no you can’t do that what if the world economy collapses completely and money has no money left, huh? then you won’t have your interest if there’s no money in the world!” (I remember someone mentioning “strawmen” earlier…)
Joncash2@lemmy.ml 1 day ago
That’s a lot of writing to admit you have no idea what the meaning behind the words I said. Look if you can’t even understand the basics taught in the series 7, you are the target for the rich.
Dasus@lemmy.world 1 day ago
You’re just afraid to argue this because you know I’m right.
It’s beyond trivial to get a ~100k yearly roi on 100 million.
Joncash2@lemmy.ml 1 day ago
It’s really not. Which is why there are laws around accredited investing and why agents have to learn the Series 7 and follow Finra rules. But if you literally don’t understand anything I said, it’s obvious why you think it’s magic.
Lets put your hypocrisy in a different light. If all jobs require skill, then the job of a financial advisor requires skill because it’s trivial to make 100k from 10 million? It’s as if your trying to argue that there IS unskilled labor and we should complain about them.