Unpopular Opinion
Welcome to the Unpopular Opinion community!
How voting works:
Vote the opposite of the norm.
If you agree that the opinion is unpopular give it an arrow up. If it's something that's widely accepted, give it an arrow down.
Guidelines:
Tag your post, if possible (not required)
- If your post is a "General" unpopular opinion, start the subject with [GENERAL].
- If it is a Lemmy-specific unpopular opinion, start it with [LEMMY].
Rules:
1. NO POLITICS
Politics is everywhere. Let's make this about [general] and [lemmy] - specific topics, and keep politics out of it.
2. Be civil.
Disagreements happen, but that doesn’t provide the right to personally attack others. No racism/sexism/bigotry.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Shitposts and memes are allowed but...
Only until they prove to be a problem. They can and will be removed at moderator discretion.
5. No trolling.
This shouldn't need an explanation. If your post or comment is made just to get a rise with no real value, it will be removed. You do this too often, you will get a vacation to touch grass, away from this community for 1 or more days. Repeat offenses will result in a perma-ban.
Instance-wide rules always apply. https://legal.lemmy.world/tos/
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What? Maybe I am missing something, but I don't think so.
You start with 2 million. You make 140,000 profit and have 2,140,000 total. You sell 140,000. You still have 2 million to make another 140k next year.
You are just using your profit immediately and keeping your portfolio the same as your initial investment. It doesn't diminish, it just doesn't grow because you are using the profits for expenses.
You have the same amount of money invested in the market, yes... but you have fewer shares. If you have 100 shares and the stock price goes up $5 per share, you made $500. Then, you sell 10 shares to access that money, and now, if the stock goes up $5 again, you only make $450. If you want to keep your income the same, you're gonna decrease your share amount each year...if you wanna maintain your actual spending power, it's gonna go down even faster.
I see what you are saying. I'm not saying that investing all of your money in index funds and then selling your profits every year is by any means the smartest way to invest money. It was more just to illustrate how easy it is to make profit with the kind of money that NFL players are given, even if their careers are short.