Conversation

Jesse Powell
@jespow
I am considering investing in certain emergency-related devices and consumables. I intend to sell at a 1000%+ profit, at a future date. The profit will reflect inflation, opportunity and carrying costs. Q: should I stock these supplies or will I be barred from making a profit?
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Greg Slepak (@taoeffect@mstdn.io)
@taoeffect
Selling at cost is not a charitable donation. You can factor in the cost of the hours spent on it (don't think that would count as profit). A charitable donation would be you buying these masks and giving them away for free.
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Jesse Powell
@jespow
Selling at anything less than 10x would make it not worth it vs the risks and costs, alternatives for investing the money. I would consider < 10x a loss. So, if I can’t make 10x, I won’t stockpile and then there won’t be any voluntary exchanges of supplies for cash at any price.
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Greg Slepak (@taoeffect@mstdn.io)
@taoeffect
A loss is when [(what it cost you) - (what you sold it for) > 0]. I'm not aware of investments that guarantee a 10x return, so I suspect you'll have difficulty arguing you did not choose to perpetuate misery for profit.
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