Quote:
Originally Posted by Jakez
Isn't 7% supposed to be like an amazing APY? What is the average for the riskier investments? Ever gotten 100%, 200%?
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If you're talking 7% APY then you're talking long term investments, which 7% is sort of on the low end (10% is usually a safe margin). Annual yield really depends on several factors and if it doesn't compound, it really isn't worth it unless you have a lot of jack to put away. 7% of $100,000 is only $7,000 a year. Now if you have $1M, you could live off the 7% flat APY since it will yield $70k a year. If it compounds, it's better for mutual funds, retirement, etc, that you're not going to touch for around 20-30 years. There's no way you're getting a 100 - 200% return on any of those investments. If you do, I'll suck your dick for the information.
When people invest and get returns as high as 100 - 200% then they're usually short term, high risk investments. And most of the time, people lose their asses. I invested in a small start up marketing company because the owner was extremely bright and was the type to go out and mingle with ballers. I invested $25k and within 6 months, was given a check for $75k . I invested in equity so he had to "buy me out" in a sense. That's the best short term, high risk investment I've ever made.