When the investment goes wrong

https://royals.ms/forum/threads/mapleroyals-4th-anniversary.91471/

I've been holding a bunch of event scrolls from 3rd anniversary and didn't sell them because of forgetting after quitting because of source.

 

Heyy, just wanna share a powerful quote!

"Buying something today and hope it will increase in value in the future, it's called speculation, not investing" Warren Buffett.

 

Buying something today and it drop the in future is call Fuck Up- Eugene

 

Then what is investing? o.o

 

"Buying something today and hope it will increase in value in the future, it's called speculation, not investing" Warren Buffett.

Buying something knowing that it will increase in value

 

Investing is buying something that is worth $1(intrinsic value) with $0.50(market price).

Price is what you pay, value is what you get~ Warren Buffett

 

I see you love quoting Warren Buffet without knowing how he made his big money. I will give you a clue - it is not the "buy and hold" strategy. It never works nor going to make you rich - otherwise all 401k owners would be billionaires. It gives you mediocre life at best, and a huge hole in the pocket at worst. No matter what happens, you will never be rich.

Warren Buffet is a huge speculator, in fact one of the biggest and the most successful on the planet. If you know what "CBOE" is, when it was founded, what is "shorting options" and when Buffet actually made most of his money and how he made it you will understand that he is not who you think he is. He just doesn't like to talk about it when it is unnecessary.

(If you are bored, read this):
http://www.cboe.com/blogs/options-hub/2017/02/25/update-on-the-warren-buffett-put-trades

Buying something today and hope it increases in value in the future is called gambling, not speculation. Because there is nothing but hope that backs you up, and hope never works in finances, not in the long run at least. Buying something today because of factor x/y/z is called speculation/investing which are actually the same things, just "investing" sounds less risky to the ordinary people who don't understand economy. You still can be wrong though, but at least you had real reasons to do the transaction.

And how exactly do you know what is worth "1$" and what is worth 0.1$ and what is worth 100$? Just because some guy on Wall Street said so? Just because a chart shows you it was 1$ in the past? Just because your financial adviser told you? You think these guys who work for a salary have a clue? You don't know and neither do they. Nobody does, and if someone is telling you he is, he is lying. If they really knew what is going on, they wouldn't bother with working for pennies, they would make trillions. But they are just as clueless as everybody else.


English is my 3rd language so I have probably didn't made the point I wanted to make, but I hope you understand

 

We don't need to argue. The truth lies in results. I am happy with my results so I am just gonna stick with value investing

 

Y'all taking this too seriously.

 

Nabeh pattern

 

i know how to invest

 

Can we have a thread on how to make mesos and how to make money in real life!!!??

I really enjoy making mesos both here and in real life!!!

please share if anyone got any idea^^

Maple Royal
Chaos scrolls I think it is the best way to make big amount of mesos and it is actually how I make most of my mesos, but you need to have around 15B in order to have a 100% profit. Another way is to buy event scrolls or chair during the event and sell it after the event for prices goes high after when supply and demand changes!!
Selling leech is also a way but not something really enjoyable to do in a game so I personally do not recommend it

$$$
For real life money I do not have a real working method, but what I know is buy and hold S&P index stock and invest for 10-20 years since inflation happening every year, and it is the easiest way to keep your money in good value!
and of course find a job is the most common method!!! ha
Find a job in a growing field and make your value in the company

 

Well, I would love to have a discussion about real life money since I'm really into it as it can be seen from my posts.

So I would like to say it here, from my experience and from what I have seen. These are pure facts nobody will ever tell you.

There is no such thing as "growing field". The world is changing rapidly and what is "growing field" today, will be worthless after 3-5 years.
I don't know how it is in your countries, but in my country, the "growing field" is high tech, or anything related to that. Do you wanna know how many people with master degrees are still working as waiters after getting their ass kicked from the job? And these are the lucky/privileged ones. Most people don't even work there after their degree. If I had a dollar for each one of them, I would buy a real estate in Monaco. And Monaco real estate isn't cheap.

My point is no one is safe. Safety is a myth made to control the masses from going insane.

About the S&P 500 thing, it is better than holding your money in the bank and better than giving it to trust funds (because they suck at money management, they really do) but it is not going to make you rich, unless you are already from a wealthy family and have a spare 150-half a billion to invest. Even a monkey can make money with such funds.

Buy and hold never works for the ordinary people with 50-100k usd (most people don't even have that and are in debt for life for their useless degree). It will just make you less poor than you are already. You will still be grinding that 9-5 job and will just have more pennies to spend when you take out your profits, and it is the best case scenario. The worst case scenario is - you are 70 years old, about to take that money for your retirement and boom - 1929 hits you in the face. Now you are old and broke as a joke. RIP.

Don't forget that inflation is working both ways as well, and the 1000$ of 10 years ago are not the same 1000$ of today. So it will even make you less money.

And yeah, I'm a pessimist Maybe it's because of my occupation.

 

I agree, growing fields you can find out easily today, but to stay growing is another factor.
in my country it is also the same high tech is the one that is growing 20% every year, but of course it all depends on the company business plan and if they invest enough on researching new tech.

 

i like turtles

 

How did this thread about scrolls devolve into economic theory

 

The number one thing people get wrong about investing is that it requires active smarts. Getting in that game is not investing, that is a casino.
Modern investing is about three things: time, diversification and low cost. Time is simply the fact that returns on investing require longer periods of time than a casino. You need to allow enough time for the random movements to average out and the fundamental improvements of economy and business to display themselves. You need 10 - 20 years time spans. Diversification is simply buy the market. You are probably not Warren Buffet, and you probably do not have insider information about what will be the best performers. So, you accept the market risk. The last bit is fight tooth and nail against giving anyone your money free. They are probably not Warren Buffet or insiders either.
If you find the lowest cost index fund, buy it, and never touch it for 20+ years you will have more at the end of that time that almost everyone who thought they were much smarter. Stay out of the casino and stay in investing.

 

Investments have ups and downs and there are a lot of factors that can change everything in seconds. I'm pro investing even though there are many risks, but who doesn't risk doesn't drink champagne, right?