RE: Why Investing In New Tech Is By Far a Better Option Than Investing In Gold?

[vimukthi]

Since you mentioned Microsoft, didi you know that Bill Gates owned 49% of Microsoft during the initial public offerings(IPO) in 1986? Bill Gates owned 4.3% of MSFT stock by January 2020. If he owned the rest of 44.7% he would be worth more than the next 10 billionaires on the https://www.forbes.com/billionaires list combined.

http://beta.leofinance.io/hive-167922/@vimukthi/i-have-been-a-trader-for-over-3-years-this-is-my-quick-start-trading-resource-guide-for-a-newcomer

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Comments

[revisesociology]

I didn't know that, really interesting!

Do you know what he did with the other 44%? I assume he used most of it to set up his global charity.

He may actually wield more power as a result of that than had he just kept them owned as an individual!

[vimukthi]

Over the past 20 years, the Bill and Melinda Gates Foundation has spent $53.8 billion on issues ranging from public health to economic development. Some 16% of these funds have been spent on the foundation’s U.S. programs, which focus on education. The rest is spent on international initiatives, including providing vaccines and family health care in developing countries, expanding economic opportunities, providing emergency relief and much more.
https://www.cnbc.com/2020/02/12/bill-and-melinda-gates-say-education-philanthropy-is-not-having-impact.html

Bill Gates has certainly opted for having more influence than money. He also diversified his portfolio away from MSFT and it turns out it was an unwise move. is investments did well; MSFT did even better.

[revisesociology]

You can't always get it right!

Although he was still right I think to diversify.

When you're dealing with the amount of money he has, I don't think he can be too upset TBH!