Friday, May 23, 2014

How to be filthy rich

If you put your money under your pillow, you will receive nothing after inflation (at 3% per year) but literally a headache.

Our capital system punishes us not to take some risk.

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If you bought Manhattan from Indians for a few dollars, you're the richest person in the world besides Putin.

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From Bee G.

If you invested $200000 in real estate in Edmonton, Canada in 1979, 35 years ago, today your investment is worth a cool $ 1 million.

If the money was invested in 1984, it is worth $ 800000.
If the money was invested in 1992, it is worth $ 560000.
If the money was invested in 2007, it is worth $ 150000.
If the money was invested in 2009, it is worth $ 260000.


Note. From 1970 to 2000, the average return is 10%.

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