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03-03-2021, 09:30 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Net profit (or rather, loss) margin was -33%. Lose 33 cents for every $1 earned.
Uber still losing billions every year.
Grab also losing money.
Amazon only became profitable after about a decade.
There is opportunity cost in investing in fintech start-ups and unicorns.
And also risks.
We hear only of the success stories, but not the 90% which failed.
Might as well buy blue chips, enjoy modest but steady capital gains and dividends.
Take profit 10 years later and then buy these fintechs...
Are fintech and online businesses better businesses? (https://www.sammyboy.com/threads/are-fintech-and-online-businesses-better-businesses.300648/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/are-fintech-and-online-businesses-better-businesses.300648/).
Net profit (or rather, loss) margin was -33%. Lose 33 cents for every $1 earned.
Uber still losing billions every year.
Grab also losing money.
Amazon only became profitable after about a decade.
There is opportunity cost in investing in fintech start-ups and unicorns.
And also risks.
We hear only of the success stories, but not the 90% which failed.
Might as well buy blue chips, enjoy modest but steady capital gains and dividends.
Take profit 10 years later and then buy these fintechs...
Are fintech and online businesses better businesses? (https://www.sammyboy.com/threads/are-fintech-and-online-businesses-better-businesses.300648/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/are-fintech-and-online-businesses-better-businesses.300648/).