How I got wealthy without working too hard

Re:How I got wealthy without working too hard by Grustaf on Thursday November 18, 2021 @12:11PM (#29267795)

If your friend can reliably generate 10% (not just in the current insane bull market) he should open a hedge fund.

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Re:How I got wealthy without working too hard by DeathArrow on Thursday November 18, 2021 @02:18PM (#29269264)

I think that if you tracked S&P 500 since inception years you made about 10-11% year on average.

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Re:How I got wealthy without working too hard by FpUser on Thursday November 18, 2021 @12:20PM (#29267901)

He had it for about 4 years I think. Also he does not manage the money. Somebody else does it for him.

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Re:How I got wealthy without working too hard by bcrosby95 on Thursday November 18, 2021 @12:41PM (#29268177)

Markets have been amazing the last 4 years. You can't use that short of a timeline to predict the next 40.

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Re:How I got wealthy without working too hard by PragmaticPulp on Thursday November 18, 2021 @12:28PM (#29268015)

If your friend gave someone a million dollars and they promised to deliver $100K per year indefinitely, your friend is the victim of financial fraud.

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Re:How I got wealthy without working too hard by FpUser on Thursday November 18, 2021 @05:14PM (#29271318)

Who said they've promised anything? He said that he was able go get about 10% in a last 3-4 years and that is all.

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