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[–] 15 points 2 days ago (7 children)

How does a non-rich person soak up all the resources?

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  • [–] [S] 0 points 1 day ago (5 children)

    Taking on extreme risk. There's a disaster going on.

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  • [–] 2 points 1 day ago (4 children)

    I'll bite. How does one take extreme risk with the goal of making a lot of money?

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  • [–] 3 points 1 day ago*

    You can buy a heavily leveraged stock for example. When the stock market turned around now a few days ago, im sure there are people who bought AMD with 10x leverage.

    Its up like 30% in a few days... 300% profit.

    So that's how you triple your money with high risk. Of course you need to have money to bet.

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  • [–] [S] 0 points 1 day ago (2 children)

    Okay, for instance, in 2008, when the housing market crashed, people that had access to liquid capital were able to buy cheap houses, and now, nearly 20 years later, those same houses that they picked up for a few thousand dollars are worth anywhere between ten to a hundred times their cost.

    When the stock market collapsed, people that had cash on hand were able to buy stocks in companies that would recover and ended up profiting immensely.

    Those obviously require cash, which I know is gonna be short on hand for most people, but I'm sure there are other opportunities available in the future.

    It's like they say the, if there's a gold rush, the people that actually get rich are the ones that sell mining equipment. All you have to do is find out where the potential gold rush is and provide the mining equipment.

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