• WolfdadCigarette@threads.net@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      29
      ·
      2 months ago

      Three million is the joke, 8% is the hint that it’s a joke. It’s the same sort of satire that Lemmy frequently reposts. “I became wealthy with hard work, determination, and a small loan of a million dollars.”

    • rockSlayer@lemmy.world
      link
      fedilink
      English
      arrow-up
      5
      arrow-down
      4
      ·
      edit-2
      2 months ago

      Well, both of us are socialists (I can’t comment on the other person). We think about money in such a different way that any money joke about investment is going to lose it’s humor. I don’t understand it as a joke either, but I definitely understood the financial advice. He selected some large, relatively uncontroversial companies that will pay you part of the quarterly profits based on the number of stocks you own. Tbh I’d avoid the day trading and choose high dividend ETFs instead. $100k is still very out of reach for most people, but it’s a reasonable investing portfolio.