How to get rich in tech

Re:How to get rich in tech by porker on Thursday December 24, 2015 @06:07AM (#10787807)

>100.000 EUR invested in indexfunds should net me on average around 6% a year after taxes, i.e. 6000 EUR a year or 500 EUR a month (7% historic average minus ~1% tax).

Really? That's a better return than I'm seeing averaged over 10 years.

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Re:How to get rich in tech by ewaldort on Thursday December 24, 2015 @06:41AM (#10787870)

He also doesn't take inflation into consideration.

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Re:How to get rich in tech by nommm-nommm on Thursday December 24, 2015 @08:38AM (#10788104)

Or market volatility.

.... or much of anything, really.

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Re:How to get rich in tech by pc86 on Thursday December 24, 2015 @08:59AM (#10788151)

Expecting above-average returns on a small amount of money for several decades as sole income while ignoring inflation and market volatility. What could possibly go wrong?

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Re:How to get rich in tech by wsc981 on Thursday December 24, 2015 @10:04AM (#10788361)

I hoped to make clear this wasn't the sole income for decades. It's meant as a starting point to dedicate myself full-time on my own projects and hopefully make extra money from this work. Since I'm a developer with focus on mobile, I'd try to make several apps a year in this way which would hopefully generate substantial extra income over time.

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Re:How to get rich in tech by crdoconnor on Thursday December 24, 2015 @02:20PM (#10789293)

Or those pesky 0% interest rates we've had for 7 years.

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Re:How to get rich in tech by muzz on Thursday December 24, 2015 @03:21PM (#10789474)

0% interest rates are not a concept that applies to index funds

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Re:How to get rich in tech by crdoconnor on Thursday December 24, 2015 @05:29PM (#10789770)

Market crashes are though.

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