Comment on Anon becomes a shrimp farmer
superkret@feddit.org 4 weeks agoThere’s multiple avenues how you can increase your wealth, if you have investment capital, and nothing goes wrong.
Comment on Anon becomes a shrimp farmer
superkret@feddit.org 4 weeks agoThere’s multiple avenues how you can increase your wealth, if you have investment capital, and nothing goes wrong.
SkyezOpen@lemmy.world 4 weeks ago
Two very big ifs, sadly.
superkret@feddit.org 4 weeks ago
Yeah, I also know a goat farmer in my neighborhood.
In the same 10 years, she faced an expensive lawsuit from someone who wanted her land, an epidemic that destroyed her herd, animals dying from people feeding them the wrong plants through the fence, Covid forcing her to close the farm to visitors, and other hardships.
She’s barely out of the woods now, but definitely much worse off than if she had invested the money into stocks.
sugar_in_your_tea@sh.itjust.works 4 weeks ago
Yup, stocks are almost zero effort and have an expected return of 10-12% long term. Everything else is a job and is dependent on how good you are at managing it.
shortrounddev@lemmy.world 6 days ago
>have 200,000 >invest in stock market >many years go by >you now have 220,000
Stock market isn’t an infinite money glitch, you have to be rich to start out with or you won’t see any meaningful return to your money until you’re 70