• Vinny_93@lemmy.world
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      1 day ago

      Well based on the principle of compounding interest I think that number might be right. It really kind of depends on your returns every month.

      His logic flaw here is that millions gamble on startups like that and hindsight is very much 20/20.

      Buying stocks is kind of like sports betting for a different target audience this way.

        • IAmTheKernelError@piefed.social
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          1 day ago

          It’s always a good idea, before investing in any company, to call the head office and say “I need a straight answer, so don’t give me the runaround: will you fail?”. If they say “no”, it is a safe investment. If they say “yes”, it is not quite as safe an investment but you may still want to invest.

            • Quetzalcutlass@lemmy.world
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              11 hours ago

              Before investing, freeze the company’s CEO in a block of ice. If you still want to invest after chipping them out of the ice, it’s probably a worthy investment.

      • ryedaft@sh.itjust.works
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        1 day ago

        There’s no compounding interest here. You have to look up what the share price was every month for 28 years to find out how many shares you would buy (after trade fees) and then also keep track of share splits and dividend payments. Finally you add the total dividend with share number multiplied with current share price. I promise you that Perplexity AI didn’t do a single step of this. Instead it put down something that sounds likely.

        Finally you have to throw all of this away since the premise is completely flawed. It’s not Jeff specifically but the fact that capital is taxed less than labour people are protesting.

      • matlag@sh.itjust.works
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        23 hours ago

        You’re missing a non-formulated assumption that you should have diversified your investments, so it’s 100$ in Amazon, and 100$ in competitor2, 3, 4,… Get to 10 and you have a good chance 1 or 2 will make it!

        What? You can’t afford 1000$ of risky investments per month??

    • AlecSadler@lemmy.blahaj.zone
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      1 day ago

      Also they spelled Perplexity wrong.

      Also I stopped using Perplexity, despite a 2 year free premium membership, when the CEO decided to be a dipshit.