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Please invest in a better controller than a logitech F310. I bet the dead zones on the thumbsticks are what killed them. >_>
And sport bets are gambling. With "insider infos" You mean bought matches, so You can as well only concentrate on the money laundry thing. Less risk, as it´s less public.
In my opinion, most of those are dreadful investment choices. Digital funny-money may be the worst of the lot.
Most people likely would be better served consulting with a relevant professional and going with solid investments.
Also, people tend to do better when they invest in things in which they have some form of knowledge or experience.
Best wishes.
This would have been solid advice 10 years ago.
Unfortunately, in today's world, you gotta diversify and level up your company to conglomerate status as soon as possible, in order to enjoy a rapid growth.
Funny-money is indeed risky, but that's why you'd only place a 10% on that area. If it performs good, you take a nice win. If it goes down, you take a small hit.
So $10 million in nickels is worth $50 million in scrap metal.
They had to pass a law making it illegal to scrap US coins now. 5 years in jail lolololol
He grew up poor and retired with a net worth in the tens of millions.
He would coach men up on staying in school, getting a good career going, avoiding troublesome women, not getting trapped win bad marriages, kids, getting slaughtered in divorce court, saving and investing one's money and not blowing it foolishly...
Mondays were Money Monday. He would talk about things like not buying a house until he was darn good and ready. He would talk about things like it was more than his radio salary that got him there.
He would talk about things like having money is sexy(and this doesn't mean foolishly giving it out, having and giving are opposites!) and often times the nature of what it takes to have it are not sexy.
One example is people would even advise him on flashy investments at cocktail parties. His #1 stock was Clorox. That's right. Clorox. Over the course of years the math added up.
It's enough to live a comfortable life, that's for sure, but depending on your objectives it may not be enough.
This is a very good post.
What we learn is that raw materials will always appreciate over time.
However, for investment purposes, the best choice is rare earth minerals.
Inflation is bad but it's not that bad. and too many people toil away their lives and take pointless risks when they really don't need to do so. You could invest your 10 million in the hopes of doubling it, but a bird in the hand is worth two in the bush.
It's worth taking a moment to consider if any major expenditure is worthwhile, and really, what are you going to do once you manage to become the world's first quadrillionaire?
Maybe the best investment at the 10 million dollar mark is to invest in living a comfortable life with your loved ones. >_>
You can do that, of course.
However, most of the investments I'm talking about provide little risk. Real estate holds value very well. Factories are evaluated based on production and assets, industrial businesses have a backlog of raw materials and land is usually a safe bet.
The point of investing is never to double the money. That's how you end up losing on the long run. If you have 10 dollars, the point of an investment is to get something that generates at least 10% (in this case, 1 dollar) for each month. Out of that dollar, you pay your taxes and operational cost and you'll be left with something. That something has a compounding effect. After a few months, you'll be left with a full dollar after you pay up everything. And so on, until after 2 decades, your original 10 dollars investment generates 10 dollars in profit each month.
So yeah, it's about making a lot of money, not just dubling.
And it´s probably a difference if You have a leftover dollar from the 10% - or if You have leftover 2 billions because of the 10%. So to earn 100k dollars per year - it would take a bit longer with the one dollar, than with the 2 billions. And when You want to buy real estate - and that 2 billion guy also wants to buy the same real estate, because it´s a good investment: he could probably bid more on it, and You wouldn´t get it. So You get the investments which aren´t that good - or with luck an investment which was overlooked - or something which You can upgrade if You put work into it, because You can do that work by Yourself instead of paying someone else to do it.
Correct.
And that's why, if you carefully read my post, I indicate a very large area where to invest.
If you have just 10 mil and there are 20 billionaires on the market, I assure you you'll still manage to get some real estate in the places I indicated.
But, what you said is a very good advice: never enter a bidding war with anyone. Doesn't matter how much money you have or the other one has, from a bidding war the only winner is the seller.
For real estate, the 3 factors to look for: location, location and lastly, location.
Buy some run down house in Hamtramck, Michigan and claim food stamps/welfare from Michigan. Their Governor just passed a law exempting assets to get food stamps. Even if you have $10 million you can get food stamps in Michigan. Keep the house run down so property taxes are only $900 a year and pocket all the food stamp income. (don't fix up your house in Hamtramck Michigan) 3x property taxes. keep the outside looking like trash. Also rent that beoch out for even more $$$ while you are scamming that State.
Unfortunately, I can't condone this sort of investment or behaviour.
You might think you're stealing from the State, but the truth is, the State creates a fixed budget for that. Each time you commit such a fraud, you're stealing from a person in need who might depend on that.
Also, stealing small amounts will not get you close to what you can legally do with a business.
If you wanna steal, do so with big amounts.
But then there are the cases in which You buy real estate - but the tenant doesn´t pay the rent, and You wouldn´t get any money out of them. Or You don´t find a tenant for a certain time, or they destroy Your real estate. Or preferences or laws change. Or any other business partner wouldn´t pay his bill, because insolvency. Or someone wants to have a lawsuit against You. Or wants to drive You out of business. Or You have the wrong advisor. Or...
Of course one can minimize all this - but investments are never risk free - except You have so much money, that it doesn´t matter. Like these 10 millions, which might be enough for that, as You can still make money, even if You have to pay extra for something else instead of earning money with it. But for most people the problem might be to get to these 10 millions. And then it´s like being a pro football player. Some guys are super talented, but an unfortunate accident destroys the career, or You´re at the wrong time at the wrong spot, and they chose someone else. And a tiny fraction of the people will make it, while it´s probably easier as a pro football player than to get 10 millions with investments if You start with nothing. The sport itself isn´t so much about luck - it´s about skill, organization, mindset and tactics - but to be a successful player is a lot of luck anyways. But somehow "successful people" usually say it´s hard work and the right decisions. It´s rarely about luck in their point of view. Perhaps luck is seen as bad, as it isn´t really an achievement. Don´t know.