Stepping back for a moment.
The problem isn't that a thing, somewhere, increased 6x in 10 years.
The problem is getting into the mindset where you think, "This is going to increase 6x in 10 years, or 10x in 10 years, or 2x in one year."
Once you start thinking that way, there's no point in putting $500 into the investment and accepting the measly $2500 payoff. You should put in $5000 and make $25,000, or take out a second mortgage so you can put $500,000 into the investment and retire in 10 years on your $2,500,000 gains.
Hell, some of the time your crazy investment will pay off and you will get rich! But most of the time your great investment opportunity will go bust and you will too.
That is the greedy mindset to avoid, if you don't want to find yourself skipping from one get-rich scheme to another, losing money the entire time, but thinking you're just one good payday from an easy life.
I bring it up apropos this thread because any time someone says, "If I had invested in X, Y years ago, I would have Z dollars now!!!", that's the beginning of the road to madness.
The problem isn't that a thing, somewhere, increased 6x in 10 years.
The problem is getting into the mindset where you think, "This is going to increase 6x in 10 years, or 10x in 10 years, or 2x in one year."
Once you start thinking that way, there's no point in putting $500 into the investment and accepting the measly $2500 payoff. You should put in $5000 and make $25,000, or take out a second mortgage so you can put $500,000 into the investment and retire in 10 years on your $2,500,000 gains.
Hell, some of the time your crazy investment will pay off and you will get rich! But most of the time your great investment opportunity will go bust and you will too.
That is the greedy mindset to avoid, if you don't want to find yourself skipping from one get-rich scheme to another, losing money the entire time, but thinking you're just one good payday from an easy life.
I bring it up apropos this thread because any time someone says, "If I had invested in X, Y years ago, I would have Z dollars now!!!", that's the beginning of the road to madness.