Gambling

holy-cow · 2021-12-22T23:10:00Z

Not talking about Lost Wages or Atlantic City or the thousands of tiny casinos.?ÿ This refers to what do you do with money you have beyond what is required to cover standard expenses.?ÿ For most wage earners that is money in a can hidden under the bed.?ÿ But, at some point they may accumulate enough to justify exploring ways to turn that cash into more cash with minimal effort.?ÿ That is when you enter the world of gambling.?ÿ Today, most of the lending institutions are offering incredibly low returns on CD's and similar financial opportunities.?ÿ Not worth the effort unless you have a very high number to temporarily store.?ÿ But, those that have that very high number normally get into other, more risky but higher returning, investments.?ÿ Investing then becomes work because you can lose just as easily as you can win. Here is one example from the world of agriculture.?ÿ If someone had the money to risk and had purchased a quantity of raw soybeans seven days ago, that same bin of soybeans would be worth six percent more today.?ÿ And may be worth even more tomorrow.?ÿ Figure out what the rate of return on that investment represents on an equivalent annual return such as the CD stuck in place for a full year.?ÿ Absolutely insane.?ÿ But, this is gambling.?ÿ The trip back down in value usually happens in an even shorter period of time.?ÿ If someone had purchased that bin of soybeans one year ago today and then sold them today, today's sale price is over 150 percent of what it was on that date.?ÿ That's easy to figure.?ÿ But, someone buying today and holding for a full year will most likely see a negative rate of return.?ÿ There are no guarantees, without being knowledgeable of all the ins and outs of the world economy and how it will influence said pricing.

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rj-schneider

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Thanks for spelling that out to someone who, however stupidly, thought they were buying cattle at auction.?ÿ ???ý?ÿ

So they can't get to that monopoly size, hit every live auction, get into a bidding match, and then arrange transport.

So the contract rancher carries the weight.?ÿ?ÿ Happy New year, Cow, thanks. ?????ÿ

Posted : December 31, 2021 6:58 pm

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Gambling

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