this post was submitted on 05 Jan 2024
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10 mil is definitely easier, but if you memorized important global events and stock market crashes or explosions you could potentially build an empire. 10 mil would be chump change at that point. You could potentially maneuver yourself into positions of extreme power and help to shape the world, possibly change it for the better in the process.
True, but in this case I'd only be six years old. I'd be too young to really do anything about future events, and anyone who could do something probably wouldn't listen to a kid warning then about politics and finance. Somehow I feel like by the time I'd be old enough to make any of that information useful I would have either forgotten a lot of it or ceased to care. I might choose differently if I was starting at age like 25 or 30 though
Well I would imagine my parents would pay attention to a 6 year old with the intellect and speech capability of a fully grown adult, especially once i tell them I can predict important future events and deliver a couple examples. Then I could ask them to create a trust fund and make it invest according to my foreknowledge. 25 years later and it’s a global empire with controlling shares in all major corporations.
That is the thing when these kinds of topics appear, I totally would commit the same mistakes all over again, hence a boring childhood (I still think I'd go back though).
Gotta somehow get seed money. Even investing your allowance would only get you a couple of thousand. You're investing doesn't really pay off until you're old enough and rich enough to put real money in the game.
See my other comment on this. I’m fairly sure I could get my parents to listen, whom would then do the investing for me, with a lot more than just an allowance (kids can’t invest anyway).