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Not everybody can fucking participate, Vijay.
Also, you can't do basic arithmetic.
Well based on the principle of compounding interest I think that number might be right. It really kind of depends on your returns every month.
His logic flaw here is that millions gamble on startups like that and hindsight is very much 20/20.
Buying stocks is kind of like sports betting for a different target audience this way.
That’s why you’re only supposed to invest in successful ideas, duh.
It's always a good idea, before investing in any company, to call the head office and say "I need a straight answer, so don't give me the runaround: will you fail?". If they say "no", it is a safe investment. If they say "yes", it is not quite as safe an investment but you may still want to invest.
Wow, the real investment tips are once again buried deep in the comments
Before investing, freeze the company's CEO in a block of ice. If you still want to invest after chipping them out of the ice, it's probably a worthy investment.
There's no compounding interest here. You have to look up what the share price was every month for 28 years to find out how many shares you would buy (after trade fees) and then also keep track of share splits and dividend payments. Finally you add the total dividend with share number multiplied with current share price. I promise you that Perplexity AI didn't do a single step of this. Instead it put down something that sounds likely.
Finally you have to throw all of this away since the premise is completely flawed. It's not Jeff specifically but the fact that capital is taxed less than labour people are protesting.
$38,400 invested would be $100/mo. for 29 years, not 28.
You're missing a non-formulated assumption that you should have diversified your investments, so it's 100$ in Amazon, and 100$ in competitor2, 3, 4,... Get to 10 and you have a good chance 1 or 2 will make it!
What? You can't afford 1000$ of risky investments per month??
Yeah right? See also: Cryptocurrencies.
Also they spelled Perplexity wrong.
Also I stopped using Perplexity, despite a 2 year free premium membership, when the CEO decided to be a dipshit.
when the CEO decided to be a dipshit.
Do you know how little that narrows it?