Im in my 30's, and already dramatically surpassed my parents net worth by at least 10X despite them being in their late 60's.They never invested in their life and believe investing is a scam to steal your money. So all they've done is either spend or save their fiat, and did nothing else with it.Even today, when they see what I've achieved, they consider it purely "Luck" and nothing else, and that investing is still a scam, ie: That I am one of the lucky ones.FYI: Yes they understand inflation and how their dollars lose value month to month, but they dont care, they just accept that as the norm, and that trying to avoid it, you risk losing what little you have.
>>62295040it’s odd that understand inflation but not investing. it’s usually the other way around
Yeah, every single person who invested in the stock market in the past 80 years and held for any considerable length of time just got lucky. They call it the 80 year luck streak.
>>62295048This. OPs parents probably saw a lot of downturns (dot com bubble, housing crash, COVID, etc) and OP, since he's in his 30s, has only been investing in the last decade which has had an amazing bull run.The real test is to show OP a decade of downturn like (2000–2009) where the market finished the decade lower than where it started, and see if he changes his tune.
Do you have a wife and kids?
>>62295048They fear massive draw downs on investing to the point where they dont want to ever do anything.In early Jan 2017 when bitcoin hit $1k I remember telling my parents, if you just buy here, you can sell at the previous all time high and make out with 40%+ .My mom thought about it, but didnt want to go ahead with it. Even now despite seeing where Bitcoin went, she still is bearish on it, thinking, it could go to zero at anytime. >>62295100I'm 5'7 in a modern dating market, so no, of course not. Though I am thinking I should just find some women and come up with some kind of mutual benefit situation where I'll pay her to LARP as a mother and have my kids and raise them. But IDK what else to do other than that at this point.
>>62295048This is a recent phenomenon. It's very common for people who hit adulthood in the late 1960's to understand inflation but not investing. The years from 1965-1982 had annual inflation rates between 13%-15%, and a flat stock market.
>>62295040you'll lose all of it in the 2026 crashRIP OP, you glorious faggotI'll be sure to seek your services when you turn into a man ho
>>62295118>I'm 5'7 in a modern dating market, so no, of course not.No wife to provide for? No children? You're a parasite.
>>62295275better get to work, your wife and kids need new shoes nigger
>>62295089The decade of downturn is 2020-2029, he just doesn’t know it yet
>>62295118>some kind of mutual benefit situation where I'll pay her to LARP as a mother and have my kids and raise themThat’s called a marriage, lol
