Well, thanks for far improving my point with superior elucidation of how it would be actually done.

I thought home ownership as well, but then I thought he’d start complaining about house markets and insurance and whatnot. But we know that realistically it would be beyond easy to make 100 million grow.

thanks again

Yeah, my point here being that even with the puniest of interest rates, you’d still make more than enough just off the interest to live somewhat comfortably. And in reality, you’d make millions and you’d have so much you could risk a little of it while still having those safe investments yielding all the time.

You’re not making any sense. You said to seek out a fiduciary not an advisor. Now you’re claiming that some time in the past, which would be distant past btw,

https://wealthadvisors.smartasset.com/fiduciary-costs-benefits-sem1/

That’s the link you just linked in your previous comment. Your link.

Hmm, what’s that first sentence there? Didn’t bother to get past the title, did you? :(

Until relatively recently, the term “financial advisor” was used to describe various positions across the financial industry.

The Reg BI is from 2020.

So to you “relatively recently” actually means “the distant past”?

I wish you well in your studies, but you really are just sorely wrong about this, and now you’re just having a tantrum and trying to assert knowing more, while actually linking evidence supporting how I’m in the right and how I understand that you need a financial advisor who has a fiduciary duty towards you — something which not all financial advisors had until five years ago. See in my language, you wouldn’t even understand the words (and Google translate does not work well on Finnish.)

At no point has anyone made the argument that financial advisors don’t need skill. But see they’re financial ADVISORS, because they don’t have the capital to invest.

You’re explicitly saying that you couldn’t make reliably make 100k roi on 100 million? Man, I hope you didn’t pay for your schooling (here in the first world we have free education :P), because if you did, you really need to go and ask for your money back and spend it more wisely.

The money makes the money, as we live in a system of exploitation of labour. The megawealthy cumstains are also exploiting the work of the financial advisors, duh. The megawealthy cumstains still can make hundreds of thousands a year because CAPITAL MAKES CAPITAL.

Squirm all you want you’re just utterly wrong and can’t address the actual argument anymore so all you have is that childish and pretentious equivocating.

Again, ignoring the actual arguments to pretend like I’m not making sense.

I’m laughing out loud at the irony of you talking about strawmen. You keep assuming we’re gonna work in America, when I’ve explicitly stated hypotheticals in Europe. But someone might not have the understanding of European financial institutions, would they? And so they’d desperately cling on to the pretense that they hold some arcane secrets with their asinine avoidance of reality. What you’re doing is equivocating. (I know you’ll have to use a dictionary. :/)

You know exactly why that standardisation is happening. But you’re pretending as if I should know the most recent developments in the US, when you don’t even understand the very basics of European banking? Seems like a bit of a hypocritical strawman. ;DD

Clearly the point I’m making there is that just like chiropractors, “financial advisers” didn’t used to have a fiduciary duty. They’re fixing the problem I was talking about. Which you pervert into pretending like I have no idea what I’m talking about. It’s utterly ridiculous.

This is my third language. What if I were to be as ethnocentric as you? Oh right, you would seize to have the ability to communicate with me due to you not speaking my language, but me being able to speak your language. Now when I was in business school like fucking 20 years ago, shit was kinda different. That doesn’t matter though, as the basic argument you’re making is ridiculous ESPECIALLY for someone who seems to (at least attempt to) work in the financial sector.

You’re saying explicitly that it wouldn’t be trivial for someone with a fiduciary duty towards you to make you 100k when you give them 100 mil to play with? Just how shit of a finance person are you if can’t do 100k roi on 100 mil (and yes, of course everything has small risks, but again, aside from the entire world economy crashing)? :D

“why you think its magic”

Nothing magical about interest.

It’s beyond trivial.

You should never hire a financial advisor. That’s like going to see a chiropractor for back pain. What one needs is a fiduciary. And hiring one when you’ve a 100 million is beyond trivial. And a fiduciary making 100k with a 100 million is beyond trivial.

There’s no hypocrisy. All jobs require skill. Being an ultrawealthy cumstain isn’t a job or a skill. Money makes money. Small money doesn’t make money, but a lot of money will.

You’re just afraid to argue this because you know I’m right.

It’s beyond trivial to get a ~100k yearly roi on 100 million.

“This is purely the intro to my garbage avoidance of reality.”

I don’t need to hear the rest.

The reality is that should someone give you a 100 million and you’re of normal intelligence, have no substance abuse issues or debts or anything of the like, it’d be trivial to invest some of that money into hiring professionals who know what they’re doing, and that your only requirements are to get, idk 100k a year to use for yourself, and to have it as safe as possible.

You disagree that that would be trivial to do? Soo… avoiding reality it is then.

We’re not talking about investing the money to “make money” in the sense that proper investors would with 100mil that they would invest in what they deem to be worth the risk. They expect decent roi for that sort of money. But we’re talking about roi that would be enough to sustain a person living very moderately.

That’s literally not an issue at all. Although I used “Swiss banks” as a meme, because I know you won’t understand the nuances of European institutions and Swiss banks would probably actually charge for holding that money, so you’d want to put it in a German bank more so than a Swiss one. But there’s tons of safe options for just putting it in and being able to make HUNDREDS OF THOUSANDS of interest a year.

And your argument is that “no no you can’t do that what if the world economy collapses completely and money has no value, huh? then you won’t have your interest if there’s no money in the world!” (I remember someone mentioning “strawmen” earlier…)

Nothing is completely safe, but it’s ridiculous that you’re pretending like it’d be any issue to make 100 million grow if you magically got a sum like that.

Yeah, the FDIC is a an American institution. Most Swiss banks don’t deal with Americans.

What you’re talking about is actively investing. I’m using “invest” in it’s basest form.

What is it that you think is so unsafe in slopping a 100 million to a Swiss bank account? Like ofc, nothing is completely risk free, but looking at their history and reliability, what do you specifically think would happen to it? The banks crash?

Get on out of here with your inane libertarian “look I’m a big man in teh money game” bullshit. You’re literally trying to argue that it wouldn’t be completely trivial to make that kind of money grow.

If there was a purely safe way to invest everyone would be a millionaire.

No, they wouldn’t, because investing requires you to have something to invest.

I don’t understand why youre fighting against very obvious facts. Money makes money.

Quite literally. You’re pretending as if it wouldn’t be safe slopping 100 mil into a Swiss bank account, given you’re not American and that 100 million was rightfully yours.

“You’ve created a strawman”. No need, honestly. Your trying to argue that it’s not incredibly easy to generate passive income for life if had a 100 million to invest.

That’s just patently untrue.

My bad I was on mobile that was meant for another and I just clicked the wrong reply from notifications. Whops

deleted by creator

A lot of words for saying “you’re right that one can very safely invest that kind of money and thus I was wrong in saying money doesn’t just generate money, when it very literally does”.

“I pointed a gun at a guy and asked to fuck him in the arse and he just seemed to agree without question. That doesn’t make me a rapist, it makes him a slut.”

Honestly I couldn’t come up with more hilarious victim blaming if I tried. 5/5 for trolling as a deeply brainwashed libertarian fucknut.

Does designing a skyscraper take more skill than managing the lunch rush at a McDonald’s?

I feel like it’d honestly be hard to compare, because it’s such a vastly different skillset/task.

It’s like the differences between writing a technical manual and wrangling a clowder of cats on crack.

With enough education, care and time, anyone could probably achieve the first (even if you suck at it, you can just do it again until it’s acceptable, there’s no rush), but even attempting the second takes a certain…je ne sais quoi.

To be able to actually consistently make money off of money isn’t magical, it doesn’t happen automatically

Ever heard of interest? Savings accounts?

Say you just have 100 million sitting in a bank account. The average national savings account interest rate (and you’d get a much better one with 100 million) is 0.42 APY.

So you’d get $420,000 in interest every year.

If it did everyone would be far wealthier.

No, the rich would be richer. It’s expensive to make money, but very simple if you have a lot of it. Those without the capacity will keep getting poorer. You can shift the margins by taking more risks, obviously, but you can just make moneys for free when you already have enough for everything you need.

And hmm how is the trend going?

https://www.oxfam.org/en/press-releases/ten-richest-men-double-their-fortunes-pandemic-while-incomes-99-percent-humanity

Oh, right.

Did as asked. Failed to see where the fun is? (I’m not being offensive, I just missed a joke and would like in on it.)

I think it’s from “Google Workspaces” that you have to remove it from.

I have it on my phone and occasionally it think I’m asking it to do something like writing an email and then it’ll say I have to enable Gemini in Google Worspaces or something.

Idk hope I’ve provided some info idk

Its funny how they wish to use such imagery. Running, sprinting, marathon.

I have like a huge pile of letters from some twat lawyers sending threatening letters about copyright.

The sad thing is most people I asked say “I would pay”. This was like more than 10 years ago when I first got some of them.

The Pirate Party in Finland tried informing people of them being just threats, but Finns are really complicit people and afraid of breaking any rules, so I’m sure these twat lawyers made thousand, tens, maybe even hundreds of thousands. With Finland’s tiny 5m population.

https://holda.fi/kiristyskirje/

Basically what happens is some company in Germany which owns the rights to some B-class show or just a porn film even, then they upload it to an open torrent site. Wait for people to download it (remember the didn’t give permission to download it), look at the IP’s, then send the respective country in EU a request for the ISP to get that IP owner’s information and then hire a local lawyer to send them a threatening letter; “you’ve illegally downloaded a porn movie, pay us 800€ or we’ll take you to court and you’ll have to pay tens of thousands.”

And if that goes to someone married or someone who downloaded fetish porn or something, they’ll be even more likely to pay.

I never replied or did jack shit. Nothing has happened.

Well yeah but the top layer won’t, so if it’s wood (ie there’s no cover at all) then the top layer gets wet and wicks the moisture downwards to whatever degree the shape and arrangement of the wood dictates.

But like I’m talking more about a stacked pile of firewood that has lots of naked grain and shaped tightly together. If you’ve thick piece of logs with the bark intact, and it’s not an especially rainy season, it’s fine.

But yeah raised off the ground is necessary, but that’s can be done with a parallel layer at the bottom.

I’m just saying if you have tightly paced firewood and it’s outside all year it’s worth considering a tarp on top of it but it’s more or less a play by the ear thing.

Like stacking firewood on the side of a building for example, as there’s a least a bit of cover unless there’s a huge storm. Completely fine. (Try to make it the side which doesn’t face the wind usually but either way.)

(Am no pro just lived in wood heated houses a lot and so saunas and fires in Finland)

Fucking rofl. The dogs are more moral than those bastards.