>22 year old owns multi millions in propertiesI see this everywhere. Real estate is what the rich kid losers get into. Pretending like they're financially special on daddy's money.They'd get a higher return parking money in SPY than putting on this LARP.
>>62048164Bondi was top signal for all of those overpriced bloated meme index funds, Downs will never go over 50 ever again.
i liked it when they made pam bondi publicly humiliate herself. some aspects of democracy are still working great
>>62048164>buying at ATH
>>62048174They're not memes, actively managed mutual funds, hedge funds and private equity still drive the prices. The fact that literally 100% of laborers are still putting money into their 401ks every 1 or 2 weeks, but the prices are all over the place daily proves that. The fact that the prices can go down for 2 weeks straight while everyone with a 401k is still DCA in every week proves it.99.99% of Americans with a 401k are too retarded to know how to change funds, sell/buy more funds, or exchange funds. 99% of the people at my own workplace (including the managers) told me they have a 401k, but they don't even know how much is in it, how much they put in, or what it's invested in.
>>62048212Ok but I’m not buying VOO at $640, not even $500 (more like POO lmao)
>>62048212lolI had an uncle that found out he had a 401k from a company he worked for in the 80s that didn't know he still had it until around 2020. He stopped making payments to it in the early 90s.And it had appreciated in value to 250k from him just paying into it for 15 years mostly in the 1980s
These types of people are unfortunately not exclusive to real estate OP. You can unfortunately buy yourself into pretty much any business or career you want with enough money and status, regardless if you are pants on head retarded or not. It's actually really funny how corporations are full of these people taking credit for the work of the grunts working 80 hours a week under them that they hired.
>>62048248Yeah, it's just more obvious in real estate, or anything that requires a huge amount of starting capital that a typical young adult could not possibly get access to. A 22 year old getting that much starting capital from their own sweat is next to impossible short of outright gambling like winning the lottery.
Another thing with real estate,you don't need any skiills, you don'tneed any specialised knowledge, yo don't need to be competent, you don't need to know anything about managing a business, or building oneAll you need is access to starting capitalBoomers are different. They just stumbled into capital all their lives, and they had time to accumulate it. They had plenty of time to get the starting capital themselves. Young people though, they're rich kids that didn't have the skills to build a business that produces something.And the profits in real estate are shitty, but I guess they don't have to worry about interest payments so they have that edge. But I expect most of them would get better returns from SP500. So it's all really just a LARP There are better ways to make money with a lot of starting capital
>>62048231That's awesome.It's basically forced savings for people with 0 understanding of finance.
>>62048230Just buy a money market fund, or something else than. Nobody on here is going to give you a secret investment tip.
