>only $285,000 in cash, $22,000 in a mutual fund, $6,350 in a 401k, and a measly $3,700 in crypto >everyone else my age effortlessly has more despite not spending a single second thinking about personal finance
>>61202509Better than me.>80k in a low yield savings>2k invested between crypto and an index fund
No they don't, most people (in america) are broke as fuck, 10% are probably doing better than you.
>>61202509>$22,000 in a mutual fundwhat, why?>$285,000 in cashbut actually what the fuck, why. are you implying you're thinking about personal finance?
>>61202509I had this much at 29 now I’m 30 with nothing. But I still have a very strong feeling I’m gonna make it soon
nigger why do you have almost 300k doing nothing in cashgo to the casino and put it on red because black always steals your money
>>61202509Most "people" have negative net worth becuse they are tens if not hundreds of thousands of dollars in debt.I do have to ask why do have nearly 300k in cash? If you're not sure how to invest just put it in a total index fund while you decide. Oh and make sure you are maxing out your ira/401k every year.
53k in cash33k in crypto47k pensionIt's over
>>61202509I'm 32,I have $2,200,000 in various investments>effortlessly has more I got extremely lucky. I yolo'd everything I had ($5,000) into BTC in 2013 when it about 20 bucks. THen I sold it when BTC was around $800. Then in 2017 I put everything into BTC again when it as @ $1,100, but panic sold in 2022 when it dropped $35,000, but whatever I have enough now.>inb4 but you're not rich until you have 10 mil I don't think I'll get lucky a 3rd time, so being a Ramsey boomer at this point is fine with me.
>$3,700 in crypto most successful crypto trader
>>61202747holy shit dude. we are almost the samelmao
>>61202813whats your story?I'm so jelly because I had a change to put $10k into eth at $40 but I didn't get approved for the loan simply due to a phone bill I forgot to pay.
>>61202519I don't get this. Why not try for a 10x with the 80k? A 10x is 800k and then you would only need 200k more for low 7 figure hell
>31>450k crypto >600k house with 285k left on note>45k 401k>5k checking Wake up in cold sweats and a panic that I've failed at life and will become homeless or ruin my life if I round-trip again, this happens bi weekly. Don't know if it'll go away once I cash out
I told you on fridayThis is your last chance we're going to pump BULL. See you soon when we reach $35
>>61202848Too much fear and I'm scared of losing money.>but you're already losing it to inflation broThat talking point does nothing for me.
>>61202509>285k cashretard
>>61202834basically i wanted to selll my TF2 virtual hats (like CS2 knives, I guess) and failed at creating a Paypal account. And then I learned about bitcoin because some collector mentioned it as a payment option. I then ended selling for bitcoin in 2013,
>>61202509If I didn't get into crypto I'd only have 415k at 32, and that's with putting in effort getting a degree, getting promotions, minimal lifestyle inflation, driving the same cheap paid off car for 10 years, living with roommates for years, rarely eating out.Being at 317k at 30 is not bad at all.>>61202875>Too much fear and I'm scared of losing money.Assuming you've kept 80k in low yield savings for the past few years, you've already lost at least 10-20k from it not being in the market. Missing out on all that growth is the same thing as losing money.>>61202860I have similar holdings between crypto and non-crypto holdings, and I feel this. The bear market PTSD sticks with you. I'm close to having enough to cover my cost of living, at which point I'll start taking money out of crypto. Just hope we don't have the bear market before it reaches that point. I don't think I can handle another 80% drawdown for another 4 years.
>>61202875if youre not actively using it and dont plan to touch it for a while just put most of it into bitcoin retard, wtf are you doing? is this bait?
>>61202953>>61202954Is this bait? You both realize that at any moment your "investments" can go straight to zero yes? That's why I hold onto my cash.
>>61202964>You both realize that at any moment your "investments" can go straight to zero yes? That's why I hold onto my cash.cash *IS* [YOUR] investment dumbass, and it returns from -0.5% to -25% per year.you don't actual fear anything going to zero. you fear the volatility you feel whenever you "lose" (an unrealized loss) of 1% in net worth.>the stock market can go to zero>bitcoin can go to zeroeverything can go to zero. even cash. you are literally buying a steady rate at which you can bled dry. youre paying a subscription service fee to make sure you can watch your savings go down SLOWLY, instead of enduring volatility to receive gains.
>>61203006can be bled dry*
>>61203006I get paid in cash, as does everyone else. I buy things with cash, as does everyone else.I cannot buy things with internet funny money and shiny rocks.
I have never invested my money and didn't even have it in a term deposit account either for most of my working life now at 28 and only have around 127k (usd conversion) savings despite living at home. Since my country is pro infinite rising house prices my mum is disappointed i didn't get on the property ladder early and just rent the place out, I'm now thinking of getting a place while prices are high and renting one of the rooms out but I don't get how terminally online degenerates are meant to share a house with 'normies'.
>>61202964>"invest" in s&p500>it goes straight to zero>mfw
>>61203023literal fucking brainlet detectedyou can sell your investments and have the money 1 day later in most caseswhy hold cash to LOSE 5-10% a year.Are you retarded?
>>61203023unbelievable. i thought this /biz/NPC™ was phased out ages ago.i'll explain it to you in a way that you'll understand>YOU have APPLE>FRIEND has ORANGE>EVERYONE has GRAPES>using your lunchbox GRAPE allowance, you can get APPLES, and if more people want APPLES than GRAPES later in the day, you get MORE GRAPES.>the GRAPES regularly get accidentally squished, and you can expect to regularly lose 1%-25% of your GRAPES by the end of every period.>APPLES and ORANGES do not get squished at the same rate as GRAPES, but their value is dependent on how other people feel that day>EVERYONE who knows that later they might want APPLES, ORANGES, or maybe even a BANANA, trades for a fruit that doesn't get squished on a regular basis>if FRIEND has an ORANGE, ME want ORANGE, ME have APPLE, FRIEND doesn't want APPLE, ME can TRADE APPLE for GRAPE, and then TRADE for ORANGE.the only kids with grapes are those who are either ENJOYING (spending, wasting) their grapes, or USING THEM to GET OTHER FRUITS (investing).youve managed to do neither, not enjoy nor invest.insufferable faggot kill yourself
>>61203023cash is going to zero, however "just yolo into a 10x shitcoin bro" will just make it go to zero fasterso if you are not a retard you invest but not in dogshit
>>61202860You are way too heavy on crypto. If it already performed multi-X for you it has done its job and you can rotate into stocks, even just 50%. White-knuckling a drawdown may just turn into actual bagholding because its unknown if the entire asset class has long term durability. It is still in a highly speculative stage.
>>61202569I had half a mil from shitcoin gambling in december, paid 100k in taxes, roundtripped a lot and I'm left with like 80k. Eastern Euro btw. I hate niggers like OP
>>61202509>>everyone else my age effortlessly has moreIn REALITY though ,an average american has $500 on their account, and is one lost job away from going broke.
>>61202848>Why not try for a 10x
>>61202509I assure you there are many your age with far less and spending recklessly
>>61202747I'm so fucking jelly
>>61202509
>>61202509That's it?Pussy, if you didn't MAKE IT in 2021? YOU'RE FUCKED!
>>61202519better than me >t. 20k in debt >no savings
