Why does this make boomers shit their pants in excitement?
Low IQ
>>62248276Because when you "invest" in the "stock market" you get -90% APY.Oh but that would never happen to you right? Yeah, zoomers know everything, HA.
>>62248286S&P is up 25% this year retard
>>62248276probably because we cashed out our houses at 2% or lower and over our lifetimes inflation has generally been less than 2%4% is free money. Not a lot, but it's guaranfuckingteed
>>62248276Boomers are retarded. They could get a similar rate in a HYSA and not have to lock up their money for months or years, but they are genuinely fucking brain dead.My parents keep all of their "investments" in CDs and because I don't want to be left out of the inheritance, I have to smile and pretend like they aren't the biggest fucking retards on the planet. They could easily afford to pay a financial adviser to invest in low-cost index funds for them if they didn't want to go through the simple steps of setting up a brokerage account and doing it themselves, but no. Instead they'd rather earn negative interest after inflation because the stock market is a scary boogeyman and they think they know better than professionals anyways.The day of the pillow cannot come soon enough.
>>62248297Just wait kid, it will be down 80% before you know it. You can't print money forever.
>>62248578how your shorts doin?
>>62248297>this yearIt's gonna be so fucking funny watching the zoomers try their first alcohol after they experience their first -80% market correction.
>>62248297>this year
>>62248276Probably because they were okay once and don't realize how garbage they are now.
>>62248574Or you could just buy SGOV. Better rate than any HYSA or CD, state tax exempt, totally liquid.
>>62248574>HYSAlol. lmao. Fidelity lets you have a base position in SPAXX for free or if you already have Robinhood Gold you can just have your money unvested and make the same returns and in both cases you can ACTUALLY BUY DIPS without having to shuffle money around and wait for funds to settle. Calling somebody a boomer for using CDs and then using a fucking HYSA yourself is PEAK Redditor.
>>62248276>>62248284Non-meme answer: growth is less important than yield for old people because their time horizon is shorter. It does not make sense for boomers to risk their portfolios when they are no longer working, have rising healthcare costs, and will be dead soon. The basically guaranteed returns from a CD function as a wage replacement.
