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by andreimiulescu 1253 days ago
It’s an interesting model, you pay upfront and wait for 30 years.

So they have about 6m $$ that will always be in their account so they can kinda invest that, given that the US stock market has returned 6.8% on avg since the 1870s https://themeasureofaplan.com/us-stock-market-returns-1870s-...

They are actually making $1000+ per day at that return if they just invest their 6m, so 450$ loss is actually a 500$+ gain.

But I imagine they use the 6m to expand their business in which case the returns would be higher.

1 comments

For this product, they only accept cash on delivery payment method. So they aren't getting $6mm up front.
That comment seriously had me worried, a butcher producing 6 million dollars of promissory notes (!!!) would be concerning to say the least
Perhaps they could use a cryptocurrency for customers to be able to demonstrate that they were entitled to a beef croquette. Proof of Steak I think it's called.
Well maybe one day...
It would be the perfect scenario, I think people would pre-pay.