>excluding cryptoSeriously, do you all have more than 200k in your brokerage accounts? Its crazy to me that you Americans are that well off. Even on ticktok live streams, you see this guy presenting his 200k+ portfolio in his mid to late 20s. Others on reddit are showcasing their portfolio at mid 30 already reaching 1M+. Yet people all around me are claiming that life has gotten increasingly harder and more expensive. Here is Switzerland we are getting drained with increasing Krankenkasse (health care) costs and mandatory radio-service billings (Serafe) to the point that we are voting to decrease these this month, somehow.This cant all be fake personal marketing and fake boasting, can it?Statistics show that the median savings in top wealth western nations is like 50-80k (checking, savings and investments, excluding house, cars etc.) in total.ALSO...WHERE IS ALL THIS MONEY COMING FROM TO INVEST IN THE STOCK MARKET? How are these companies being pumped so heavily with cash that giga-corps like Micron reach 1 trillion easily overnight?
>>62295508It's called consolidation. There's very few websites of any note and only a few kooks in the developed world are consciously not online so if you're rich you're gonna be in one or two communities.
>>62295508??? it's a bull market
>>62295508>obsessed with americans backwoods eurohillbillylol
people with high balances are more willing to share them. so there is selection bias. that said, of course many people in the US will have a higher balance. even though there are people in a ton of debt there is also an investing culture that doesn’t exist as much in Europe. my main point of reference is Germany which has a strong saving culture but not an investing one.
>>62295508you're called europoor for a reason you retarded thirdie
Hint hint: circular trading aka painting the tape. Assets trading back and forth every second between coordinating accounts on carribbean/chinese nodes results in no stock accumulation...only the march up in price occurs. The real accumulation was done years ago during the bear market and sits on the accounts of the top 100 financial institutions. Now is the mark up phase. 100 to 1,000 shares trading every second between 10 circular trading nodes get the job done. The bid and ask are relentlessly marched up. And 401ks and retail provide constant exit liquidity near major tops. These illegal nodes of circular trading don't even have to do most of the heavy lifting and regulators have little case against them. Retail, 401k's, and algorithmic trading does most of the idiotic pumping and fomo buying into overvalued nonsense. And the big wall street routing firms and market makers know what they're looking for to coordinate their trades in coordination with the illegal market manipulating nodes. When you have the world's reserve currency, you must get everything to flow back to you. And our SEC looks away when US stocks are pumped to the moon. Our own con artists make the majority of the money. They figure the money flows back in a small way to the American peasants. It does, but the volatility and resulting inflation never benefits the bottom 75%. And these nodes literally require peanut size capital. They are using a few million dollars to pump the price because they never hold for more than a second. They are constantly pumping both the bid and the ask price by a penny. And they execute on every all time high. Billions and trillions back at the legitimate Wall St firms is growing by 20% a year for 5 years during these bull runs. But the party must end. It is collectively decided upon when to reverse course. They take the short side and then do the opposite. They'll make money on the way down. By coordinating bull runs and occasional bear raids, the SEC goes to sleep
200k is not that much if you're a single man with a decent job and you don't waste money you can easily build a 200k portfolio in 3 years even if you're just DCA into indices.
Nobody flexing their $20000 poorfolio. Also yeah dummy, the FIRE subreddit (and other financial subreddits) tend to have more monetarily successful people
>>62295508Also bro you could have googled this in like 5 seconds. Retard
>>62295508they live with their parents, meaning their parents are millionaires, not themor their parents passed on some of their wealth to them. There's a lot of Gen X and boomer millionaires here since all you had to do was buy a house in a moderately popular part of the US and you're probably now a millionaire.or the people on reddit are much older than you expect. For example I'm a millionaire and have been for 20+ years now, but I am also almost 60 years old now. People on 4chan assume I must be lying about money because they can't imagine a 60 year old boomer posting on 4chan.
>check'emP.S. Git Gud.
>>62295737>Switzerland>europoor thirdie
>>62296281Until proven otherwise, I expect the age of any poster in forums (including 4chan) or newspaper comment sections to be between 50 and 70, desuEverything, literally everything makes sense once you read with this assumption in mind
>>62295508Its called working and investing your money into an index fund. I know its fucking crazy but its actually easy being a millionaire if you are patient.
because stocks are on an absolute tear, and none of these zoomers are doing crypto which just takes.
>>62296458True, tech stocks are the place for retarded money today (just left curve it bro, stop having thoughts and shit)>if they're retarded, how come they make tons of money and you don't? lolThey're going to finish like they did in crypto in 2017-2022, and in online poker in 2005-2011: mostly broke, because they're fish on a heater
Just put in a little effort gay ass nigga its not hard to be better than 99% of people, I think im even top 2-3% earner or at least close to it but then you need to realize thats just the start its wild how much some people actually make, couple million is nothing.
>>62296456kek'dthe average age for someone working and investing in index funds to become a millionaire is well past 60.
>>62296579As I said above, expect the age of any forum loudmouth, even on /biz/, to be between 50 and 70; then, it makes senseIf it sounds like a boomer, it's probably a boomer
>>62295508200k is not that crazy. Anyone can have that if they go to college, get a 100k job and live with their parents for a few years.
>>62295508Switzerland is richer than the US
>>62296588yep, if you're offended by people disagreeing with you in your hugbox but love to come online and say retarded things all day, you will probably encounter some loudmouths and boomers. Old people don't give a fuck about your fragile feelings.
>>62296149Here's a (You) and a Jeffy. I won't let your hard work go unnoticed.
>>62295508This is me. Must suck to be a Europoor or a cryptocuck.
>>62296149intredisting
>>62297541Pwease... anon. Pwease help a nigguh out.
>>62297541You are part of the 0.1 . possible to ha've earned it through specific and hard work
>>62297566In America, this places me not quite in the top 1%. Need to get to 14 million for top 1%.Got a tech job in 2011. Six figure income plus six figure equity compensation package. Get a promotion and yearly pay increases and bonuses along the way. Keep expenses low, invest more than 70% of income per year and keep stock as the RSUs vest. Max out tax deferred investment accounts.Enjoyed a few good bull markets in FAGMAN stocks, 2017 crypto bull, Covid bull run, and AI/GPUs/memory.
Ignoring the larpers who claim they made trillions from the quajillion market or whatever the answer is that retardditors don't have a culture of being a bagholding dumbass/schizo permabear who fuds up and coming projects or stocks for literally years on end while they're running up. The sheer amount of seethe right now at, say, HYPE which is up about 11x from its launch a year and a half ago demonstrates how gay and stupid this board is. The seething at Micron for literally 5 of the last 6 months, until it DECISIVELY crossed 1 trillion and then everyone claimed they "had calls on it" (no proofs provided). Because of the way /biz/ is you can have the same dumb faggots spamming fud or their dumb baggie/bear threads every day endlessly while reddit's threads exist, are selfcontained and people with usernames and an agenda can be ignored . They simply aren't able to constantly spam unfounded fud and basically fuck the entire board out of making it on a good coin or stock because they've got a dumb short that they think they can make if they spam their stupid shit often enough, or a bag they're married to.Ironic. /biz/ culture of chaos originally enabled new projects to spring up and be shilled rapidly but this has no become a source of weakness, while not being able to be a spamming permabear dumbass has enabled redditors to accumulate good projects and make actual money.>>62297591sneed
>>62297638I invested in micron like 4 months ago off advice from here and am officially in the black on my portfolio
Reddit users are typical SF cucks working tech, with salaries of 200k+ and stock options in an insane tech boom its hard NOT to be a millionaire after a few years
>>62295508Most of Europe has gotten poorer. If you have your shit together the US is a far better place to be.>Statistics show that the median savings in top wealth western nations is like 50-80kYeah, are you such a brainlet to not recognize that's the median and that the guy who wants to brag about his savings and focuses on finance might be a 1 in 20 guy?High paying jobs in the US just don't really exist in Europe. A 24 year old lawyer in big law is going to be at $250,000 after bonus for his starting pay and making probably close to $500k by 30, if he makes partner he'll be earning $10MM+ a year. An AI engineer will make $500k-100MM+ a year. Surgeons will make $1M-$10MM in a lot of fields and locations.Lots of Americans don't earn that or blow their money on pick-up trucks, but the European mind cannot comprehend American prosperity
>>62297890The tradeoff is having to live here and not comfy eurolandsalways grass (appears) greener
>>62295508>How is it that everyone on reddit are millionairesHave you not considered reddit is a communist marxist psyop? You've seen how controlled they are over there and how anything said thats negative gets down voted into oblivion, plus anything thats promoting anything thats outside the leftist/progressive narrative gets banned right away and shut down.The reason why theres a lot of money floating around over there is because half the place is leftist marxist spooks who are bankrolled to condition and push people were they want them to be: Digital
>>62297566>source from 2015
>>62295508If you weren't part of the top 10% in 2025, you're lower class
>>62298085alright man heres current data. not much changes
>>62298922That 10% includes household equity. Liquid millionaires are closer to 2%, and yes that does matter.
>>62296458> stocks go up, zoomers stay poor. crypto's dead, move on.
