Post
Topic
Board Economics
Re: pump and dump
by
Miracal
on 10/07/2015, 11:02:20 UTC
If somebody have 10 million, He or She  dont need invest on anything. Wink
10 million is surprisingly little for a truly rich person. Regardless, rich people still invest their money. Who couldn't use a few more dollars?

Well,

     10 million maintained on a traditional saving account  at rate 3% anually are 300k of interest.....It is a good amount for only keep it. Wink

And with great interests come great taxes. Saving is a nice practice but it can also be considered as a liability if it is not bringing in new assets. Always think about how to improve and expand the boundaries which are set right now. Investing is always fun for rich people, because they use the money they wouldn't mind losing. Dumb investors put all in line and lose big. I always like to win smart than win big Smiley