How many people on this board you think would be better off just increasing their income and investing index funds?
99.9%
>>6184595433.666%
>>61845954None. If you were dumb enough to buy something like Aviator or Chainlink then you're probably not going to be smart enough to pass remedial math at a community college, nonetheless acquire a degree and a good paying job or acquire the skills to be a contractor. I wouldn't even trust them working the fryers to be honest.
1) Live frugally2) Try to spend less than you earn3) Cancel all non-house mortgage debt, especially that well above the current HYSA rate4) Keep 4-6 monthly wages or 8-12 monthly expenses in a separate, liquid account (e. .g, a money market fund) as your emergency fund5) Design a three-four ETF portfolio that you'd feel confident holding and adding to and that you can understand6) Lower your expectations when looking up past performances of equity indices7) If you've been doing the above for some time and you think you have the knowledge, time, additional funds and stomach for that; begin researching on stock picking, fundamental analysis and all that
>>61845954I think most people here are probably more financially literate than average. I'd imagine most of them also do what you suggested, in addition to speculative gambling.
>>61845954>but investing can be fun
>>61845954The number would be a lot lower if the jannys weren’t scamming subhumans here.
>>61845954Most would be better off at a casino
>>61845992>could do better about 1+2, I spend way too much on eating out and onlyfans, yes I'm retarded>doing excellent on 3, $0 debt>need to do much better on 4, have about 2 months of expenses saved and it's slow to increase because of aforementioned stupidity>5) at least I know I'm retarded so I put everything into basic boomer index funds and etfs>6) I'm all ready panicking that I won't have enough to retire in 30-35 years>7) that sounds boring, I'd rather gamble additional funds based on vibes
>>61845954>just increase your income! just earn more money haha it's so obvious just get more skills to earn more money why isn't everyone doing this?
>>61845954I've been investing in VYM weekly for about 2 years. My position is up 30% and I get quarterly dividendsI bought 3000 LINK in 2020 at $10. If I had just put that in VYM I would have probably over $50k + dividends. Instead I have $24k worth of Chainlink tokensShould kill myself soon
people on this board are better off losing money for my amusement
I'm expected value terms, 100% of the board's population.
>>61846767Just to be clear, there exists no investment strategy that can beat the market *on a risk-adjusted basis*. All of this stuff is, quite literally, gambling.
>>61846763altcoins are suicide manJust do BTC and maybe ETH/XMR if you really wanted to venture out. I will never understand you linkies.
> increase your incomeI'VE BEEN SPENDING SEVERAL YEARS TRYING TO FIGURE OUT THIS "SIMPLE" STEP BUT PROBLEM IS IT'S FUCKING IMPOSSIBLE FINDING A FUCKING JOB, LET ALONE A "MAKE MONEY ONLINE" IDEA THAT ACTUALLY MAKES MONEYFUCK
define>better offbecause ive spent the last 10 years NEETing and gambling on crypto and wouldnt trade that time for $50m. I have lived the average boomer retirement in my 20s. Im not wondering "what if", i won
Oldfag here. I retired 3 years ago and am drawing off of my workplace 401k. There is no early withdrawal penalty if you retire in the year you turn 55 or after. I have been spending for 3 years and the balance is higher than when I retired. Income is low for tax purposes but we have no debt and travel extensively. 21 day cruise through panama canal, transatlantic cruise to Sicily etc. Really enjoying life RN. I invested in only index funds and increased the percentage I put away pretax every time I got a raise. Once I paid my house off at 50, I began maxing out each paycheck and also funding Roth IRAs. This was right when the covid asset increases kicked in in 2020. If I had not invested in index funds I woukd not be retired right now. I have moved about half of my funds to T bonds for a safe 4.5%. 10-10 would recommend. >>61845992This.
>>61846770That's why you buy the index nigga
>>61846799you are the 1% though, the vast majority of the board does not share your experience
>>61846938>increased the percentage I put away pretax every time I got a raiseThis is exactly what I'm thinking of doing. Any strategy you had for how much you raised it by each time or did it depend on circumstances?
>>61846953you're talking to a larper
>>61846953thanks
>>61846736yet this board mostly doesn't.
>>61845992>Cancel all non-house mortgage debtreal estate is outdated boomer investment, not worth it nowadaystaking leverage is for really smart people so I wouldn't recommend it either
Pretty much everyone. I just compared snp500 returns to how well I did over the last 5 years and it's just about the same. I spent so much time researching charts, trends, economics, etc
>>61845954Me unironically.
