VirusMaster3073@lemmy.world to Ask Lemmy@lemmy.world · 2 months agoWhat would you do if you found an infinite money/duplication glitch in real life?message-squaremessage-square29fedilinkarrow-up159arrow-down13
arrow-up156arrow-down1message-squareWhat would you do if you found an infinite money/duplication glitch in real life?VirusMaster3073@lemmy.world to Ask Lemmy@lemmy.world · 2 months agomessage-square29fedilink
minus-squareSpicyLengthiness@lemmy.calinkfedilinkarrow-up8·edit-22 months agoIf we had lots of time, then it’s easy. Just buy total market index funds and sit and wait. This is why vampires are usually rich. If you’ve lived that long, and you’re not rich, you’re doing something wrong. $2 at 7% a year for 50 years = $58.91 $2 at 7% a year, for 500 years = $1,505,863.24 The power of compound interest!
If we had lots of time, then it’s easy. Just buy total market index funds and sit and wait. This is why vampires are usually rich. If you’ve lived that long, and you’re not rich, you’re doing something wrong.
$2 at 7% a year for 50 years = $58.91
$2 at 7% a year, for 500 years = $1,505,863.24
The power of compound interest!