The worst thing an investor can be is confident and ignorant at the same time. You got lucky once, when you were 12. Apparently you know nothing about investing, have not taken the time to learn about it, but you think you are smarter than everyone else and can beat the system.
Your plan makes zero sense. It is essentially a Ponzi scheme. No matter how you slice it you still have to make 100% return on investments to keep it afloat. Which will never happen.
another Nobel prize for you.
why not run for president and tell people you can cure the national economy. send your wife and kids on expensive world-wide trips. write books and give lectures in retirement. make millions and avoid worry of extradition.
So where do you get the money from in the first place?
Nothing wrong with it but not very original. Also there are less and less countries where extradition doesn't apply.
And with those sort of amounts involved one or two of the angry punters/losers will track you down and blow your goolies off.
hehe that is a classical scam called a ponzi scheme that has been done millions of times.
OK so I'm a pretty smart guy (I once thought up triangular arbitrage when I was 12, only to have my dad tell some someone won a nobel prize for that a few years ago). The other day after recently being clinically diagnosed as a psychopath (don't worry I'm not evil, I just don't understand some things emotional) I was thinking up some investment scams to pass the time, and one of my goodies goes like this.
I have a contract that says if you give me X amount, I will (at minimum) double your money in a short period of time. If I happen to lose your money, I will repay you out of my own pocket. Who wouldn;t sign this? a chance of doubling money, risk free. Only downside for them is I get 20% of the PROFITS.
So i get my initial client, who tells his friends that i really cam through, they all jump at the chance for free money and I have more and more client. After a few years, assuring all goes well, I now have a cash pool of hundreds of million and people working for me the help people double their money.
So right now, your probably thinking how is this a scam? he's just doubling people's money?
Ready for it to become a scam? ------> I fly to a country with no extradition and millions/billions of dollars.
Remember this is only for fun, what do you think?
