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[–] 38 points 2 days ago

The best way to get rich:

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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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  • [–] 6 points 2 days ago

    You might be interested in the book Shock Doctrine: the Rise of Disaster Capitalism by Naomi Klein

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  • [–] 5 points 1 day ago*

    I hate that society in general is of the culture of "taking initiative", which mostly translates to "exploit others for your selfish gain", and people see it as completely normal.

    I guess this is why so many people fervently oppose when the culture starts to shift back to wanting egalitarianism and people getting a fair chance.

    Many people I live around genuinely complain about Medicare, public transport and social housing being expanded just because they got very slightly higher taxes this year.

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  • [–] 4 points 2 days ago (2 children)

    Rn I'm doing the best I can to shovel money out of the AI bubble

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  • [–] 3 points 2 days ago

    "Wait". Sure.

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  • [–] 2 points 9 hours ago

    People in 2008:

    "Yeah let me just buy up all these cheap assets with my lack of employment"

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  • [+] 2 points 2 days ago* (last edited 1 day ago)
    [–] 2 points 9 hours ago

    The disaster comes in many forms ... a common one that many rich people take advantage of is ... the disaster of having a wealthy relative die to receive the inheritance.

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  • [–] 1 point 1 day ago

    Nah, the best way is to create the disaster and then soak up all the resources. This is what we see on the world stage all the time.

    Wars are not random and there is a reason the US spends more on its military than Europe, Russia and China combined.

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