DWS Holding Corporation -
Four LLC Subsidiaries
One S-Corp Subsidiary
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If you're reading this article after you've got off your 8-hour shift in your cubicle, you'll find this article extremely insightful.
The rat race, the ultimate fallacy in life that prevents us from achieving true happiness right? Well it doesn't have to be the case. And there will be no false-gods with their checkmarks on Instagram selling oversaturated and unprofitable "programs" to make money.
It's not exploitation, it's merely optimal. It's far less important what we observe occurring in different industries (specifically in a time such as in the status quo, where industries have crumbled or skyrocketed in what seems like the blink of an eye), and far more important that the crux of profiting in any given period relies solely upon an adaptational mindset. Coupled with the understanding that becoming or maintaining a risk-averse attitude towards investing, you have the recipe for sustainable success no matter the circumstance.
Ponder for a moment, a YUPPIE, in his mid 20's with a 6-figure job - he's made it, right?
It would be a positive-EV (expected-value) bet that that YUPPIE is struggling just as much to make ends meet as the individual who earns half his salary. So what does the YUPPIE do to remedy the situation?
He cuts down on quality-of-life non-essentials such as opting for basic 400-thread count cotton bed sheets rather than the 1200-count pima cotton ones that he was eyeing.
Then, he takes his disposable income, and buys 1 share of apple every month on Robinhood.
Let's say everything works out for him (investment-wise), and Apple shares increase 3-fold in 5 years.
Apple's stock-price as of this writing hovers at $440.
Value in 5 years of said investment: $440 * 3 * (5 years * 12 months in a year) = $79.2k
Monetary Cost of said Investment in 5 years: $440 * 1 * 60 months = $26.4k
Net Return for placing all his disposable income into Apple Stock for 5 years: $52.8k
So upon first glance, ~$50k of profit seems impressive, no?
Sure, but at what cost? The opportunity cost of gaining that $50k, I can confidently say exceeds the mid 6-Figure range for even the most average of individual's potential (assuming you have learned how to not let our human tendency for risk-aversion cloud our judgment when opportunity arises to do better).
I would need to replace this article with a full-length dissertation if I began to delve into the fallacies we have observed here and also the ways in which we can elevate our perspective into one that will allow most people to exit the rat-race so commonly observed in our society.
This was just a quick brainstorm but hopefully it provides you some food-for-thought.
Signing out for now,
Dennis Liu - President
* btc investor since '11
* first llc (dws llc sole mbr)
* $2.2mm sales in the 1st year b2b/b2c ecom/startup consulting
Experian Business Report - Proof of Verified Sales - Link at the end.
I will break down my logic behind why I only acquired bitcoin and sold the miners (once the era of gpu mining was over when asic chips were developed I immediately imported all asic units from overseas then sold at domestic market price (yielding exponential returns) but I never actually mined myself.
I liken crypto mining (and other potentially profitable, lesser explored discoveries) as nothing too different from the original american gold rush.
All the people with big dreams and hopeful hearts claimed their stake of lands and proceeded to backbreakingly dig for gold in the hopes of making it rich.
In reality, what did we observe?
We observed that the proportion of individuals who risked it all just to come up empty-handed, older and poorer was extremely disproportionate to those who were lucky enough to actually make a living amount of money from the gold rush.
Who was consistently profiting the whole way?
The general store owners who sold these hopeful miners all the supplies and essentials they needed albeit at a far inflated price (still market price), given the absurd demand to supply ratio that was created.
Hence, my philosophy I have and will continue to apply is one of focusing on finding and selling the proverbial shovels rather than entering an over saturated unlikely outcome.
- Dennis C. Liu