By author Morgan Jassen on w̶i̶e̶l̶d̶s̶i̶l̶v̶e̶r̶.̶c̶o̶m̶ 2021-01-24 13:40Investing 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://w̶i̶e̶l̶d̶s̶i̶l̶v̶e̶r̶.̶c̶o̶m̶/2021/blog/2021-01-25-0000-morgan-silver-gram-value-calculation.html This blog post first published at https://w̶i̶e̶l̶d̶s̶i̶l̶v̶e̶r̶.̶c̶o̶m̶/2021/blog/ Copyright © w̶i̶e̶l̶d̶s̶i̶l̶v̶e̶r̶.̶c̶o̶m̶ and individual authors (unless otherwise noted) w̶i̶e̶l̶d̶s̶i̶l̶v̶e̶r̶.̶c̶o̶m̶ statement - I blog about products for which I own company shares.