RE: SPInvest: Get Rich Slowly

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SPInvest: Get Rich Slowly

in spinvest •  4 years ago 

Dear @spinvest

Interesting read. I've just discovered your project thanks to @metzli.

Warren Buffett is considered one of the greatest investors of all time. He has put up a 20% return for a half century. This compounding led him to being one of the richest men in the world.

That actually isn't true. He made a fortune during 2008 crisis. It has nothing to do with supposely high returns on investment, which he (supposely) offered for a half century (50 years). I wonder where did you get this information from...

Here we see a return of more than 14%. That would be a return that almost every market participant would be thrilled with.

To certain degree you're right. However we need also to take into consideration high inflation on Steemit and the fact, that users can receive 20% while using dlease.io to lease their SP.

So from financial point of view, 14% isn't that competetive.

Most of all - I would like to know what do you do with received funds? Hopefully you're not converting it to other tokens (which would only damage price of steem)? Just curious.

Yours, Piotr

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