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Often? What conceivable (legal) system could consistently generate such returns and not manage to capture all capital on earth eventually? The best financial
by jbjohns 4y ago
Often? What conceivable (legal) system could consistently generate such returns and not manage to capture all capital on earth eventually? The best financial vehicle ever conceived has about 9% per year over the last 50 years or so.
- rchaud 4y agoWe live in a world of wildcat brokerages and self-styled Warren Buffets on Tiktok. People who are in it largely all think they can time their exit before the Ponzi collapses.
- sgt101 4y agoIt's both sad and just that they are (almost always) wrong.
- sgt101 4y agoThere are ways to get that sort of return legally, but you need a lot of collateral and a strong stomach for risk. Basically leverage hard and invest in something risky - you multiply the return (which should be good already) but also multiply the risk. If you know what you are doing and have luck you can make very high returns. Mostly people don't know what they are doing though and get into big trouble.
- FabHK 4y ago> and a strong stomach for risk. Well, obviously. You can gamble on red in the casino and get 100% return (with a 50%+ risk of losing everything). The point is that these scammers presented the 18% APY gambles as virtually risk free "investments".