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Thread: Compuoudimg interest

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    Member dalmatian's Avatar
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    Compuoudimg interest

    Hey. Just wondering. How stupid can you be after you hit several million isnt the right move to dump all your money into SP500 and just call it one? Theres something called compuouding interest. Why even waste your time with AP anymore? A lot of these supposed AP greats that have been int hos forever, why are they still playing? Theres no way they are getting enough action down to justify playing over simply along compuouding interest kick in. It really seems that a lot of APs, even the supposed successful ones, are vastly exaggerating their success. Let me know ur opinion

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    Not everyone is in it for the money. Especially once you get to that level (which, by the way, is not as big a club as you're insinuating), people have all sorts of reasons to AP. Some folks like "gambling" knowing they have the advantage. Some people like getting free cruises or trips or shows or whatever. Some people like pulling one over on casinos.

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    Rule of 72.
    https://www.investopedia.com/terms/r/ruleof72.asp

    The interest rate on my checking account is 0.02%. At this rate it will take 3,600 years to double. My long term return on my mutual funds is only a little better than 8%.

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    Senior Member Jabberwocky's Avatar
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    I'm getting 16% annual yield on my Zilliqa account through staking.
    Vincit Qui Patitur

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    Quote Originally Posted by Jabberwocky View Post
    I'm getting 16% annual yield on my Zilliqa account through staking.
    Jabber - I assume that your are only doing that with a reasonable portion of your investment bankroll and with money that you are ok with losing? Seems like a high risk venture?

    To the OP - I have felt that way for quite a while in that the money i would expect to earn from AP didnt justify the time/effort even when playing games with a high hourly ev. The problem isnt the time on the felt but rather all the other things that you need (travel, scout, get in a game, get off the game) to do to actually get hours in a game.

    That said i have made some nice scratch from the game, enjoy the challenge of identifying, assessing and exploiting new challenges. Taking money from a casino is still fun for me and i dont play golf. Need a hobby and like the analytical aspects of AP play; especially enjoy attacking new games and using new methods of attack.

    At the end of the day at this point i am not going to win or lose enough to make a material difference in my standard of living - actually like to compare my total net worth to a rollercoaster where i have been climbing the hill in an upward accumulation phase and am and just about to the top. A few years on the level rounding the corner to the drop and then plan to take it down over time.

    Everyone APs for different reasons.

    Cohiba

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    Member dalmatian's Avatar
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    I guess I dont really like gambling. I hate it. It's not fun. But I get it what you guys are saying. Unless you literally have 5 million or more, it's hard to significantly make the amount you could theoretically make in AP a year through passive investing. And forget a job.

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    Senior Member Jabberwocky's Avatar
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    Sure, I'm cautious in my investing in high risk ventures. Only have ~2% in the staking business. If it turns sour, I can easily handle it.
    Vincit Qui Patitur

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    Member dalmatian's Avatar
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    @jabberwocky

    I wish I did 5% of my money in bitcoin.

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    Quote Originally Posted by dalmatian View Post
    Hey. Just wondering. How stupid can you be after you hit several million isnt the right move to dump all your money into SP500 and just call it one? Theres something called compuouding interest. Why even waste your time with AP anymore? A lot of these supposed AP greats that have been int hos forever, why are they still playing? Theres no way they are getting enough action down to justify playing over simply along compuouding interest kick in. It really seems that a lot of APs, even the supposed successful ones, are vastly exaggerating their success. Let me know ur opinion
    Why is a Tom Brady, a LeBron James still playing? Why does a poor kid growing up in the ghettoes sign his first pro contract and then continue to bust his ass for years? Why doesn’t he get his money and quit? Why is Elon Musk or Bezos still doing business, dont they have enough?....

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    Senior Member Jabberwocky's Avatar
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    Quote Originally Posted by ZeeBabar View Post
    Why is a Tom Brady, a LeBron James still playing? Why does a poor kid growing up in the ghettoes sign his first pro contract and then continue to bust his ass for years? Why doesn’t he get his money and quit? Why is Elon Musk or Bezos still doing business, dont they have enough?....
    It's called chutzpah!
    Vincit Qui Patitur

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