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Amazon's Bezos Launches $2B Fund to Help the Homeless

bloomberg.com

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Re: Amazon's Bezos Launches $2B Fund to Help the Homeless

#2

Post by karangoeluw »

I have always wondered which one is better:

1. Contribute early on little by little 2. Contribute nothing to very little for a while amassing huge fortunes (and compound interest magic), then donate big.

Pretty much the same question as lump sum vs dollar cost averaging in investing.

Have there been studies on this?

Re: Amazon's Bezos Launches $2B Fund to Help the Homeless

#3

Post by 2bitmachine »

That he subverted democracy by threatening the Seattle city council as they attempted to address their homelessness crisis makes me skeptical of this effort. I doubt we can do much to fix the underlying issues in a context where billionaires can intimidate governments into surrendering power to their unilateral, authoritarian control.

Re: Amazon's Bezos Launches $2B Fund to Help the Homeless

#4

Post by mc32 »

I don’t agree with Bezos on a few things, but this is big. It’s about time companies care for their down and out compatriots.

Progressives make all kinds of noise and virtue signal for people outside our care, but where the rubber meets the road, they fall short on helping fellow Americans—this is a nice start. Let’s see where it goes.

Wonder if he’ll get Bernie to contribute (tongue in cheek)

Re: Amazon's Bezos Launches $2B Fund to Help the Homeless

#5

Post by jamestimmins »

karangoeluw wrote: post #2

I have always wondered which one is better: 1. Contribute early on little by little 2. Contribute nothing to very little for a while amassing huge fortunes (and compound interest magic), then donate big. Pretty much the same question as lump sum vs dollar cost averaging in investing. Have there been studies on this?

He's also doing this at when the stock market is very high, which means that this is the cheapest $2 billion he's ever owned. I say that not to undercut the significance, mostly to point out that the stock market is also important to this consideration.

Re: Amazon's Bezos Launches $2B Fund to Help the Homeless

#7

Post by drworm »

karangoeluw wrote: post #2

I have always wondered which one is better: 1. Contribute early on little by little 2. Contribute nothing to very little for a while amassing huge fortunes (and compound interest magic), then donate big. Pretty much the same question as lump sum vs dollar cost averaging in investing. Have there been studies on this?

It's not really the same thing, because (assuming a positive ROI) dollar cost averaging will always end up better off than lump sum investing (assuming the same amount is invested).

Re: Amazon's Bezos Launches $2B Fund to Help the Homeless

#8

Post by have_faith »

karangoeluw wrote: post #2

I have always wondered which one is better: 1. Contribute early on little by little 2. Contribute nothing to very little for a while amassing huge fortunes (and compound interest magic), then donate big. Pretty much the same question as lump sum vs dollar cost averaging in investing. Have there been studies on this?

Seeing how few people make it to the huge fortune stage it seems like a very bad strategy if broadly adopted. How we do it now makes sense, contribute as much as you are comfortable with regardless at which step of the ladder you are on.
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