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By author Morgan Jassen on wieldsilver.com



2021-01-24 13:40

Investing in Mills for the Impatient

Investing for the impatient. To make it more exciting sounding. Imagined user story as follows: I buy 11 silver-grams† of IBM company, and then in tenths of pennies (a.k.a. “mills”), i earn one per day! Wow! (One mill per day, is somewhere near 3-5% annual return on investment on 11 silver-grams principal amount) But being able to say at least “1 per day” is more exciting than saying a half-dollar per year. Beyond speaking in terms of mills, we could also/alternately speak in terms of silver-grams, silver-milligrams, or millionths-of-bitcoins. Etc. In conclusion, it's more interesting to talk in terms of Mills per day than half-dollars per year. 2021-01-30 Edit: Updated dollars and cents to silver-grams and half-dollars. † For silver-gram valuation see: https://wieldsilver.com/2021/blog/2021-01-25-0000-morgan-silver-gram-value-calculation.html This blog post first published at https://wieldsilver.com/2021/blog/ Copyright © wieldsilver.com and individual authors (unless otherwise noted) wieldsilver.com statement - I blog about products for which I own company shares.