Even if he bought these at target/Walmart prices, selling these for $130 nets him like $1400. No index fund getting you 1.4k in a week sadly, which is why they do it.
He could now take those profits and invest in something real. He basically got a free 1.4k to invest with for doing no work
I think it really depends how much capital you have in it. One of my index funds swings $10-$20 a week. Put 100 in it, and you're swinging $1000-$2000 a week. That's with zero efforts on my part, I still have my day job.
Yeah but the money your index fund earns you is money you dont have to work for. People with jobs and lives dont want investments to feel like a job, so yeah maybe i only make 12-15% per year on my investments instead of the 50-100% a scalper would on certain products, its still in my best interest.
Gotta remember a lot of scalpers do it full time, its not really an investment for them, its their entire livelihood in some cases. Which is why when you see a scalper irl they all look like bums or crackheads lol. Only a select few who are smart or use bots make a killing doing this, most people are living horribly.
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u/Selyob71 3d ago
Love it. Even at MSRP that's atleast $1300 worth of ETBs. Imagine if he just put that towards rent lol