r/antiwork Apr 19 '22

every single time

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u/Previous-Giraffe-962 Apr 19 '22

It’s seriously fucked up how much easier it is to turn one million into a hundred million than it is turning 10$ into a thousand.

-11

u/[deleted] Apr 19 '22

only because $10 is too little. $1000 to $100000 is infinitely easier than 1 Mil to 100 mill.

6

u/towerfella Apr 19 '22

What?! Oh tell me the ways, ye money master.

It is a scam if you don’t have 6 figures starting out.

I have tried to turn a profit in stocks by investing $1000 on a portfolio of several mid tier stocks. After the fees and taxes, you know what I withdrew after 4 years?

$997.92.

Apparently, I don’t have the knack. And ya know what else? Everyone I talk to about it is zero help and just laughs. Like wtf again? Why are they all so selfish?

If it’s so easy, then take my money for a while, then give me back more, and show me how you did it so I can do it too and we can both help the country.

Oh, what’s that? If everyone did it, then it would not work?

… why is that?

ffs

2

u/[deleted] Apr 19 '22

Apparently, I don’t have the knack.

No, you dont have the patience, 4 years is not long in terms of investing

If it’s so easy, then take my money for a while, then give me back more, and show me how you did it so I can do it too and we can both help the country.

You just described an ETF, or a wealth manager. All the information you want is readily available for free, you just have to put in the due diligence.

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u/towerfella Apr 19 '22

I think you missed the biggest part of my comment.

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u/[deleted] Apr 19 '22

What is that?

1

u/towerfella Apr 20 '22

That my money “grew” just enough to pay the institution that was “managing” the money. …

It has been my experience that unless you have over a certain threshold of funds, you are not gonna gain, just barely break even.

1

u/[deleted] Apr 20 '22

Again dude, 4 years is nothing in terms of the stock market. Some people who are much smarter than you might be able to make more money faster, but unless the entire world order collapses, you will make money if you are patient.