EddieDoyers
formerly eddiengambino
- 46,208
- 23,878
- Joined
- Apr 3, 2012
Keeping cash around like that is stupid unless you're a drug dealer
Because
1. It could be lost in a fire or disaster
2. You can't earn interest if you don't keep it in the bank
3. You can engage in short selling using that amount and make huge amount of profits where you can retain that $70,000 and buy the Cuban or hemi at the same time if you make some good moves in the market.
4. In your long term investments of that cash, you can retain dividends and increase the value of your account.
I don't know if Ninja does that, but this is a good financial lesson for anyone. Warren Buffet preaches this type of investing.
Because
1. It could be lost in a fire or disaster
2. You can't earn interest if you don't keep it in the bank
3. You can engage in short selling using that amount and make huge amount of profits where you can retain that $70,000 and buy the Cuban or hemi at the same time if you make some good moves in the market.
4. In your long term investments of that cash, you can retain dividends and increase the value of your account.
I don't know if Ninja does that, but this is a good financial lesson for anyone. Warren Buffet preaches this type of investing.
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