Rich person>millions in cashPoor person>Broooo why don’t you put it into index funds broo spy broooo. You don’t even need a financial advisor bro it is easssy broooLmao. Only 2.5% of Americans have 1m excluding a home.
>>62098179Do they ever stop and think "are we the bad guys" after coming out with shit like this for the 10th time?
>>62098194Please discuss the topic in op. And no, wagies are nobodies.
>>62098179Why do so many people say “put it into index funds.” It is all over /biz/ and reddit when I go there to copefarm. Like there is some guy making less than 100k a year giving financial advice to someone who has millions.
>>62098210It isn't bad advice but it annoys me as well. I have like 5k, If I followed this advice I'd be waiting until I'm 60 to ever have any money. Stock picking is a sensible middle ground. It has a bad rep because most people are retards and don't read financial statements before investing which is why R*ddit just gives the lazy advice to put it in an index fund and not think about it.
>>62098179That nigger is trying so hard to fit on the Globohomo but I feel like no, noooo....
>>62098246Why don't you get a job so you have more than $5k?
>>62098179the top 10% own 90% of stocks.
>>62098251NTA but I'm way too creative to do wage slave bullshit.
>>62098194its not about good and bad its about winners and losers. life is a competition nigga.
>>62098194How come an 'evil' European country offered even the poorest of its workers annual vacations through a program called 'Strength Through Joy' but our benevolent shekel lords will not?
>>62098286Anything a government, be it right or left does "for you" is to make you fit for war or work.
>>62098194They see themselves as rightful shepards. It's central planning hubris. Might as well be communism.
>>62098179The only benefit to a financial advisor is when you’re ready to retire and you want someone to double check your work and to get access to their tools. Tax implications and risk management are the most important. Stop being a retard.
>>620983122.5% of Americans have 1m.
>>62098246the cliches come from wealthy investors who lost tons of money thinking they could time the market and came out way ahead not being like you. financial statements don't predict price action.
>>62098324Good, gotta make sure we have enough wagies to pump those numbers.
>>62098344The company I work for keeps beating fucking estimates like crazy. I’m surprised our stock isn’t like $600-$800. It so damn wild, this year is estimating to be one of our best years too.We’re trading like we’re a trainwreck right now.
>>62098344You can use technicals as well as fundamentals you know. I don't buy anything that's not already pumping but I won't buy a pumping stock that has some ridiculous 200 x earnings and book value.
>>62098357If the P/E is high then it's priced in.
>>62098344What?
>>62098366Perhaps, there definitely market forces at play with the war and the capital inflows to A.I. Last year bonus was great, I think i’m gonna get another fat bonus this year too.
>>62098246you fucking retard the POINT is that you continously put money downA mere 500 dollar a month in investment with a annual return of 10% gives you 140k in 10 years
>>62098362what if 200x is the bottom and it's going 20,000x at the top
>>62098179You forgot:Nepo faggot>I'm gonna spam /biz/ again while I wait for daddy to give me money!!
>>62098179If you weren't part of the top 10% in 2025, you're lower class
>>62099401That 10% includes real estate. Less than half of that percentage of people have 1 million or more in liquid assets.
>>62098179I voted for this
>>62098298Still better than our current psychos who make us unfit because they think it's funny.
>>62098307>might as well beThe whole point of globohomo is neofeudalistic communism anon. The more power it gets the shittier everything gets for a reason. Its still going forward for now but there's going to be a civil war at the top inevitably and the whole thing will fall apart
>>62098179There is a literal video of coon cruise on this board right now where there are sooooo many blacks on a cruise shipIt looks like Noah’s ship with exclusively monkey species I assume these people are so fucking tired of blacks monkeying and have such extreme black fatigues they have to do this sort of thingHonestly, I am all for it.All their asking for is for whites to have more money Honestly, what’s the point of travel if every where you go it looks like a zoo?
>>62098285>brown ID>brown mentalityLike pottery
>>62098194No, poor people see themselves as victims. The world would be better off without their filth.
>>62098179>slavnigger in slavnigeria: "eat the rich.">slavnigger elsewhere: "You where the gold chains at."
>>62098246>poor pleb>wants to get rich through stock pickingLmao.
>>62098307Looks weak.(easy to attack and destroy)
>>62098194"Bad guys" towards whom? The poor? The poor are not people.
>>62098194>"are we the bad guys"Extremely reddit
>>62098194Extreme judaism
>>62098179Goyims shouldn't be allowed to experience reality.
>>62098564140k is fucking nothing
>>62102122That is why you will never make it.
>>62098285*rapes and kills rich niggers and their lineage*>NOOOOO NOT LIKE THIS
>>62098179Weimar Economic Finkery. You cannot hate them enough, and will not. A bullet for them all.
>>62098194Banning the poor from travelling is unironically what the world needs. Too many poor tourists everywhere stinking up every part of the world
>>62098564>10 years My other issue with the advice is it assumes nothing goes wrong for over a decade. Save $500 a month, six months later you need a new transmission. Six months after that the market crashes.
>>62098179I started to put money in stocks 3 years ago, never bought an EFT, I've beaten the index every year by more than 5 points ... And yet I tell people that I don't recommend them to put money in the stock market and that if they do they should just buy VOO and forget because:a) They are never going to share the gains but they will blame me for the looses.b) Money-wise most people are idiots, ignorants, or get nervous when things go wrong, etc, and will lose money in the long term picking stocks.Also only my gf knows I have 200k in stocks, my parents think I have a few thousand max in indexes and boring dividend stocks and yet I regret telling all of them, once people know they are always asking, specially when they know the market is doing badly.
>>62102525If you are going to DCA for decades a crash is good, your 500 bucks muy more stocks, your average price lowers...And as you get old you should not add more money and instead cash out slowly and enjoy your life.
>>62102560btc is 2x from when he posted this>inb4 it's not about le moneythis is a finance board
>>62102507This. Air travel is definitely too cheap.
>>62098179I’m at 1.75m new worth excluding home and I still feel poor as shit and locked in the wage cage. I keep telling myself I can take my foot off the gas at 5m and retire at 10m but I don’t know if that’s gunna cut it anymore. I’m 37 btw
>>62098194They are admitting there will be a resource shortage. Buy silver and run like hell from financial assets.
>>62098179Traveling is not that expensive, if you do it poorfag student mode.Take busses, trains, rent cheap motels, just hike around, visit museums, not expensive shit that the rich fags do.If anything, it's the lack of free time to do it that prevents you.
>>62103337Travelling is clearly too cheap.
>>62098246then dont fall for the gamblers fallacy
>>62102850you have 500k dumbass
