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by andriesm
3005 days ago
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Like the other poster mentioned crypto currencies. I've hit many jackpots like this in my life. I have also seen big opportunities that are specific to another person, asked why they don't pursue X or Y, and the responses are quite often non-responses. I literally begged several of my friends to just put $10 into a specific crypto that went up nearly 500 times. I did put about $100 myself into that one, and of course 20 similar parcels of money into about 20 others. Of course just citing one example like crypto is not helpful. I had another idea for a totally passive income business, that I for whatever reason didn't feel like pursuing, I tried to convince others of the merits of doing this things. Eventually after about 2 years of failing to convince anyone else to try it, I did it, and made really lucrative money that came in like clockwork with about 2 hrs of effort per month. That thing ran for quite a while and eventually the market changed to not make it work anymore. I have had some other successes too. I also lost of lot of thr easy money made along the way, but now I am wizer, and my latest money maker (post early crypto buying) I have taken a serious amount of thought about not ever letting it dissapate. I have also had many failures because I have tried many things. But some things really are no brainers. Another example is buying massive bargains when shopping second hand. The trick to capitalise on a bargain is just 2 steps - step 1 make sure there is no catch (or a sufficient margin of safety) - step 2 - pull the trigger FAST - exceptional bargains don't hang around indefinitely. |
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I find this interesting because I have a friend get bargains that saved him the equivalent to large percentages of his income on deals that were simply unbelievable. He is seemingly average tradesman...
I have been trying to train myself to get better at finding/creating and then jumping on great bargains, to understand his skill and the skills of others.
However there is a lot lot more depth to it than the two sentences you added to the bottom of your comment ;)