Reminder credit card interest is only around 1% a month

[Crusile]

Personal loans and lines of credit are even better like .1-.5%(?)

 

[Crusile]

hypothetical:
I have 50k NW/bankroll, gamble it at even/whatever odds --> lose --> gamble loans/credit cards for 200k-400k -> win.
This financial maneuver increases your net bankroll x4-8. You need to include all potential loans to your bankroll if youare poor..

 

[Deleted member 17791]

Why gamble? House stacks the odds against you.

If interest is 1 percent a month, you could invest in stuff that would yield slightly higher than that.

So you'd want to buy something that can yield you more than 12.7% a year.

 

[GoldenOrderCels]

Why gamble? House stacks the odds against you.

If interest is 1 percent a month, you could invest in stuff that would yield slightly higher than that.

So you'd want to buy something that can yield you more than 12.7% a year.
View attachment 1828621

Lmao you don’t take out loans for something that yields SLIGHTLY higher than the loan, gotta be much more and very low risk

 

[Deleted member 17791]

Lmao you don’t take out loans for something that yields SLIGHTLY higher than the loan, gotta be much more and very low risk

We of course you'd want to invest in a higher yielding investment but you'd be hard pressed to find an investment with a return of over 12% that is low risk.

 

[GoldenOrderCels]

We of course you'd want to invest in a higher yielding investment but you'd be hard pressed to find an investment with a return of over 12% that is low risk.

That’s why OPs strategy is dumb

 

[Deleted member 17791]

That’s why OPs strategy is dumb

Yep, no get rich quick tricks exist.

 

[GoldenOrderCels]

Yep, no get rich quick tricks exist.

Crypto bullruns can make you a lot of guap though if you get lucky and don’t get too greedy

 

[Deleted member 17791]

Crypto bullruns can make you a lot of guap though if you get lucky and don’t get too greedy

I know. But that's basically gambling. I guess you can play the odds to some extent like with certain card games.

 

[AlexBrown84]

Another post from someone that doesn’t preach what they say because they would know this isn’t true or practical

 

[GoldenOrderCels]

Gambling with the exception that you losing is not pre programmed. Also if you start with a few k worst case you lose a little of your savings but you would have to do very risky shit to lose everything

I know. But that's basically gambling. I guess you can play the odds to some extent like with certain card games.

 

[Deleted member 17791]

Gambling with the exception that you losing is not pre programmed. Also if you start with a few k worst case you lose a little of your savings but you would have to do very risky shit to lose everything

yep

 

[Deleted member 17791]

Another post from someone that doesn’t preach what they say because they would know this isn’t true or practical

how do you makes your millions?

 

[AlexBrown84]

how do you makes your millions?

I have $70 cash in my bank account

 

[Deleted member 17791]

I have $70 cash in my bank account

I thought you were super rich? Did you spend it all?

 

[Corleone]

So you'd want to buy something that can yield you more than 12.7% a year.

open up a hedge fund and become the next billionaire if you can reliably achieve 12.7% return a year.

 

[Gaygymmaxx]

Gamble your life away theory innit

 

[GoldenOrderCels]

I thought you were super rich? Did you spend it all?

Smart people have minimum in their bank account

 

[Corleone]

I have $70 cash in my bank account

how much does your dad have in his bank account?

 

[AlexBrown84]

how much does your dad has in his bank account?

That would be weird to ask

 

[Crusile]

Why gamble? House stacks the odds against you.

If interest is 1 percent a month, you could invest in stuff that would yield slightly higher than that.

So you'd want to buy something that can yield you more than 12.7% a year.
View attachment 1828621

poker sportsbet derivativetrading gives +odds

 

[Crusile]

Another post from someone that doesn’t preach what they say because they would know this isn’t true or practical

I use (networth + max potential liabilities) as my bankroll. very high level finance / financial maneuvering required

 

[Crusile]

open up a hedge fund and become the next billionaire if you can reliably achieve 12.7% return a year.

noob, it becomes exponentially harder to make money with bankroll methods at 7-8-9 figures.