I see retards in their 20s who don't even make 30k a year pay 2 rentsthey spend 1200 dollars a month from their meager paycheck to buy etfs or index fundsand they claim to intend to do this for 40 years so they can retirenigga even a mortgage takes less time to pay off what the fuck are you doing?who the fuck is shilling compounding interest and s&p 500 to zoomers? these are the kind of shit you buy when you are a 35 year old loser who hasn't even made his first million
>>62234256ssshhhhh
>>62234271this it's a bait meme. but irl they actually are hooked
>>622342561200$ a month for 25 years. they do it because thats pretty much the expected outcome. thats enough to either stop working all together or at least switch to something comfy like 2-3 days a week. people dont mind doing it for 25 years as long as they have somewhat guaranteed returns. what else are they supposed to do? blow it on altcoins lol
>>62234256in 2006 the snp sat at $1300 and it now sits at $7500 which is ~9.15% growth a yearif you invested $14,400 a year from 2006 to now you'd be sitting at around $735,000
What's the alternative? BTC or some shitcoin that will be stagnant for years.
>>62234298cross margin leveraged options trading 0tde. go big or kys. zoomers dont have time to wait.
>>62234277>yeah sure bro just pay 2 mortgages simultaneously for 25 years straightnot sure that's gonna work lil gup
>>62234256>when you are a 35 year old loser who hasn't even made his first million That's me but 38.
>>62234308Yeah but you're not sure about a lot and spout overconfident nonsense so who gives a fuck about your low IQ takes.
You just know jews will rug boomer stocks & pump crypto
>>62234256>niggaWell you’re black so I’d imagine you’d be perplexed considering you don’t know math.
>>62234308The fuck are you on about? Constantly investing in stocks is a sound strategy.
>>62234431Zoomers can afford more risk than buying fucking boomer retirement stocks
>>62234704ETFs are the lazy option. You know this in your heart to be true.
zoomies, I advise that the following is definitely not true:by the time you see the stock on /biz/ or reddit or discords, etc.... the early institutional investors are already selling to you. this isn't a conspiracy, it's just how information diffusion works. the hedge funds have sentiment analysis algorithms scanning reddit and 4chan in real time. they knew about the "moon" long before it ever made its way to you. avoid index funds and become a professional stock picker.boomers only say you can't beat the market because THEY couldn't. of course they couldn't, lol... they spent most of their lives as lead poisoned newspaper-reading dimwits. who the fuck cares what they have to say?
>>62234308>2 mortgagesnigger, you don't know what 1 real mortgage costs, let alone 2.This is a viable poorfag strategy for building base wealth. Especially if you can find a brokerage that rolls in your profits straight back into buying more shares without you having to pay fees.
>>62234796oh yeah because you totally will have a paid off house by your 20sno, what's more likely is you'll be paying 1200 in rent and 1200 in etfsthat's why I said 2 mortgages
>>62234373zoomers already got rugged with crypto. It was all over financial news zoomers were heavy into crypto.
>>62234854>says the rentcuck giving his money to someone else to live in their house/apartment.
>>62234256I'd rather have liquid cash in a brokerage account that grows faster than housing prices, than illiquid cash in a house I don't even want to live in and have to spend tens of thousands of dollars repairing, renovating, maintaining, paying insurance and paying taxes on it.
>>62238598see >>62238523
>>62238801Renting a single family home or a duplex from a small family llc is retarded. Renting an apartment in a multi-family complex owned by a large corporation does actually save you money and if you invest the difference, you'll easily beat-out people who rely solely on their home equity for their networth, which they'll then need to reverse mortgage or sell in retirement if they want to live off of the proceeds.The math has been done a million times. Being emotionally attached to vinyl and cheap 2x4 planks isn't a flex.
>>62238827A mortgage is the cheapest long term loan any pleb is getting. It's the leverage that makes people money.
>>622342771.5 million won’t be shit in 25 years.>>62234256the real black pill is that investing starting from nothing is futile. Kids that have rich parents already get a million right as they turn adults, they are 2 decades ahead of you in saving. It’s not just the inflation that will make 1.5 million worthless in a couple decades, it’s the wealth inequality which you midwits have no fucking idea how big it is.
>>62238840You realize most people are retarded right? They don't know what they're doing when they buy a house.
>>62234256There's subreddits DEDICATED to this>>62234298Debtmaxxing and investing in lotto tickets while developing a system
>>62234256many people should focus on getting a higher paying job >bro thats easy to say!if you arent constantly looking for a higher paying job thats legit on you higher income = more savings. eventually my jobs let me buy company stock at a 10% discount as i climbed the ranks. now i get small stock options. 401k match goes off your higher salary also. then i had enough money to invest in my 401k and buy +2,000 shares of AMD and other large stock positions. work on your career.
>>62238866What about people who are unemployable and have a fixed income
>>62238874Put away $100 a month and hide it in crypto
>>62234256exactly. why even bother? just spend your paycheck on chips, soda, and vidya.
>>62239018unironically a better use of your money than giving it to big corpo and becoming a loosh farming archon that relies on the world continuing being shit to earn interest
>>62234308>Here's a very obvious and mathematically proven way to get rich over a long period of time, it's worked for over 100 years and has been done by hundreds of millions, if not billions of people.>uhh yeah thats uhh.. not gonna work.. uhh.. lil gup.. because uhm... it just isnt, okay?!uh huh
>>62239434I'll give you an analogy that even your 70iq brain can understand>the mathematically proven way to lose weight is to eat less calories than you burn>it's worked for over 5,000,000 years and has been done by hundreds of billions of peopleif it was that easy when why do we have so many fatlardasses?because humans are not emotionless automatonsthat's why telling a 23 year old to pay 1200 a month every month for the next 25 years is not gonna workjust like telling someone 240lb of weight to just have a calorie deficit is not gonna work
>>62239471>works for millions of people>i-it's not gonna work(for me)!!1!sounds like a you problem
>>62239474if it was that easy for everyone in the world to become rich then we would not have poverty in the first worldI at least have the empathy to understand that expecting a zoomer to pay the equivalent to a mortgage for 25 years is not realistic and many will not stick to ityou seem to think you can do it yourself
>>62239480no bro it is easy for normal peopleI think I can do it because I've been doing it for 8 years with no issueyou don't have empathy, you're just a loser trying to pity bait for confirmation of your doomerism
>>62234256>who the fuck is shilling compounding interest and s&p 500 to zoomers? these are the kind of shit you buy when you are a 35 year old loser who hasn't even made his first millionbasically boomer bogle heads. And to be honest, for normies who don't have the mental faculty or interest to obsessively research finance, it's sound advice. They just want something to dump spare cash into without having to think about about it. Like a savings account with slighlty better returns. I was like that with my portfolio until I got tired of seeing everything tech related do multiples and realized all the benefits of being rich are better when you're young, so I just said fuck it and went all in on AI. Plus that's how I get my kicks, by making big bets.
>>62239471>it works but i dont have the self control to do itOkay so you're a loser who cant do things because of your personal failings, lack of discipline and intelligence, how is that our problem? You're really making yourself look like a retard here anon, might be time to give up and move on
>>62234277inflation in 25 years will be like 70% minimum
>>62239806>you you you you youreading comprehension of this entire thread where?
It's a lot easier to sit back, buy index funds and get average performance than having to spend a lot of time researching and pivoting to the next hottest stock. And when VOO goes down, you're going to get smoked because you went all-in on volatile stocks. And what's your plan, exactly? To beat the market for years? Fund managers barely do it. And you're going to? You're going to compete against funds that purchase satellite photos of Walmart parking lots to determine Q3 earnings? That's your master plan? Ok.
>>62239893wait if you can't do it isn't that a skill issue?
>>62239898If you have the skills to beat Jane Street over a long period, that's really awesome, I'm happy for you. But 99 percent of people who take your advice to go in on leveraged Mag 10 stocks are going to get burned. Here's a helpful video:https://youtu.be/TQuxVz52w2w?si=Oqjs3ZIQ-0gD3upl
>>62239905ok but 99% of all people are also not capable of sticking to paying 1200 a month for 25 years
It's a meme and the normies are totally bought into it.I know people who think sticking the extra 10 plus change they have left over at the end of the month is going to snowball into something meaningful.Blank fluoride states of course when you explain to them they are wasting their time.Whenever you are dealing with percentages, the starting values matter the most. An 10% return on 5 million is cool, an 10% return on 10k is shit and shameful. You shouldn't bother one bit until you have serious money to put into index funds. >>62234277 1.4 mill won't mean shit of fuck in 25 years, but the guy starting with 5 million and doesn't add a single penny more in that time ends up great.
>>62239916>most people cannot contribute 15 percent of their income to a 401(k), so they should hyper gamble on AI stocks in an attempt to make it
>>62239917The whole point is to dump as much money into index funds as possible and have compounding do the heavy lifting later.
>>62234256ETFs are what every portfolio manager suggests to buy because 15% gain of literally anything is a steal compared to any savings account. Note, literally all of hte good ones tell young people to pay off debt, first. It doesn't matter if it grows by 15% risk-free if they're paying 20% APR on credit card bills. ETFs are basically "I want to go into the stock market but I'm too retarded to manage my own money, where can I put money where it won't instantly get annihlated overnight?" and it's the safest place for money managers to tell kids to go.
>>62234256>who the fuck is telling young people to buy index fundstheir parentswe do this thing where we look back on our own financial choices and identify what we wish we had done differently.Usually a couple things stand out. But one of the easiest things our kids can do better than us is dumping money into retirement accounts a lot earlier than we did.
>>62239934This, also my father was a baggie who is still working into his 70s, his life advice was "BONDS BONDS BONDS GUBBAMINT WIL NEVER STOP BUYING BONDS", I think he gets a 5% yield. KEK
>>62239931>>62239917OH RIGHT I forgot the other scam: Money Market accounts with 10% yields. Hoooooooo boy do those make people poor. People thinking they're fine because they still have 10K in savings and 20K in money market, not realizing their savings is worth 50% when they started it and the money market is vaguely keeping up with inflation but nothing else.
>>62239952what kind of shithole country do you live in where inflation is 15%+ every year
>>62239958the never had a job and thinks shadowstats means anything country
Yoloing your money on high risk odte calls or w/e is going to put you further behind. You will wish you did the easy and safe thing.
>>62239973I can tell english is not your first language
>>62234256Unironically great advice. Its the only way for people with no interest or ability for active trading and no special economic advantages to secure a comfortable retirement or even an early retirement if they play their cards right.If you start at age 18 you could easily have 4 million+ dollars in that account by the time you retire and its 100% tax free withdrawals so even taking inflation into account its more than enough for a very comfortable retirement.>but I can outperform the market and make 50 gorrilion dollars in a single yearOk big if true and good for you but most people can't.
>>62239471what does this have to do with me specifically? Why are you moving goalposts? Why does your mom let you on the internet?
>>62239958Even if Inflation is at 8%, it's still going to eat away at money kept in a money market account with yields at 10% because money at rest is money wasted.
>>62234256I’m sure you are so smart you will be a millionaire by 27. Also it’s not nigga it’s nigger, as in an insult. I listened to enough of their shitty ‘music’ today that I want to punch one. Also DCA S&P is obviously too complicated for your feeble intellect.
I think there's a massive canyon level of difference between "buy index funds" which should just be your baseline risk free rate as a young adult, and "only buy index funds" which is the imaginary scenario you're arguing against.You should have something in an index fund. Something to secure retirement. You can comfortably secure your retirement with just 7k each year in a roth IRA. That's literally just 583/mo in something like QQQM or SPMO fuck that VOO pussy-shit. At least for the first 15 years.Do whatever the else fuck with the other $617. Buy ChainLink, buy and hold literally anything. We all would have made it by just loading up on any single stock in 2018.And back to the index funds, you still have the option to run covered calls and insurance puts. It's not like buying index funds somehow confines you to not take massive risk. The majority of options liquidity lives in index funds retard.
>>62234256boomers and the financial advisors who serve them
>>62238866>if you arent constantly looking for a higher paying job thats legit on youThat shit is exhausting, but you're not wrong. The most I can bring myself to really put in the effort to look and interview prep is about once every 2-3 years though.
>>62239806I love that image.<3
>>62234277>$1.4m>equivalent buying power: $350k
>>62239958US
