Re:Evan Spiegel's Email Memo
by dredmorbius on Friday December 19, 2014 @07:34AM
(#8771953)
I'm taking a longer-term view and investing in personal capital on the basis of that.
Money in bank reserves doesn't, of and by itself, provide revenue growth. Banks put the money someplace else.
Some of that goes back into Government paper. Some into offshore tax havens (the avoided tax is an immediate gains). Some 10-20% of all finanicial wealth is there -- $21 - 30 trillion as of this past July:
Other funds end up in various investment operations -- some are HFT, some are speculating in commodities or other real assets (stories of Goldman's operations in this area are interesting), some ends up chasing tech opportunities -- it's one of the few economic sectors offering much promise. Though I suspect a lot of it's overrated.
Most present "investment opportunities" strike me as quite ephemeral, though the volatility may allow for gains for the extremely astute. Or lucky.
Money in bank reserves doesn't, of and by itself, provide revenue growth. Banks put the money someplace else.
Some of that goes back into Government paper. Some into offshore tax havens (the avoided tax is an immediate gains). Some 10-20% of all finanicial wealth is there -- $21 - 30 trillion as of this past July:
http://www.winnipegfreepress.com/opinion/editorials/close-do...
Other funds end up in various investment operations -- some are HFT, some are speculating in commodities or other real assets (stories of Goldman's operations in this area are interesting), some ends up chasing tech opportunities -- it's one of the few economic sectors offering much promise. Though I suspect a lot of it's overrated.
Most present "investment opportunities" strike me as quite ephemeral, though the volatility may allow for gains for the extremely astute. Or lucky.