4 ms·
It’s an interesting model, you pay upfront and wait for 30 years. So they have about 6m $$ that will always be in their account so they can kinda invest that,
by andreimiulescu 4y ago
It’s an interesting model, you pay upfront and wait for 30 years.
So they have about 6m $$ that will always be in their account so they can kinda invest that, given that the US stock market has returned 6.8% on avg since the 1870s https://themeasureofaplan.com/us-stock-market-returns-1870s-to-present/ https://themeasureofaplan.com/us-stock-market-returns-1870s-...
They are actually making $1000+ per day at that return if they just invest their 6m, so 450$ loss is actually a 500$+ gain.
But I imagine they use the 6m to expand their business in which case the returns would be higher.
- innocenat 4y agoFor this product, they only accept cash on delivery payment method. So they aren't getting $6mm up front.
- witheld 4y agoThat comment seriously had me worried, a butcher producing 6 million dollars of promissory notes (!!!) would be concerning to say the least
- MichaelZuo 4y agoWell maybe one day...
- andreimiulescu 4y agoIt would be the perfect scenario, I think people would pre-pay.
- JoshuaDavid 4y agoPerhaps they could use a cryptocurrency for customers to be able to demonstrate that they were entitled to a beef croquette. Proof of Steak I think it's called.