From: Damien Broderick (d.broderick@english.unimelb.edu.au)
Date: Sat Feb 16 2002 - 18:28:13 MST
At 08:05 AM 2/16/02 -0800, Robert wrote:
>"The no-brainer strategy to becoming wealthy". It requires
>taking $100-$1000 and depositing it in a savings account or
>mutual fund and never withdrawing any funds from the account
>until the annual increase in the account value exceeds what
>one reasonably needs to live in the world. It is based on
>the idea that it doesn't require sophisticated investment
>strategies to become wealthy, it simply requires living long
>enough.
>It would seem that Extropians/Transhumanists should be the first
>to recognize the paradigm shift and adopt this strategy. But
>I don't see any evidence that any of these individuals that I
>know have done so.
Well, you never asked. < puts hand up >
But there are some problems with this minimal method. Bouts of
hyperinflation can really ruin your century. Mightn't it be preferable,
over the long term, to put your dough into something... well... *real*,
like land (some of it scummy old crappy land that won't be useful for
anything until advanced tech arrives)? Of course nasty men with big fists
can take that away too.
Damien Broderick
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