>leech off your parents>make some money when you're young, invest it in index funds>when you're retirement age, you have enough money to live the rest of your lifeWhy aren't you doing this?
>>535298861I would be if I could get some FUCKING buyers!
>>535299428This. Faggots on ebay LOVE to like and watch but never buy.
>>535300122or the fucking fees take everything
>>535300347These faggots started adding ads on top of fees, and have the audacity to tell you to make the ad fee higher to make sales. Such a rigged bullshit game.
You gotta continuously work and keep adding money in addition to all the dividends that should get reinvested.
>>535298861>when you're retirement age, you have enough money to live the rest of your lifedo you understand how stupid this is?
>>535300976Wrong.
>>535298861I have done literally exactly this
>>535298861>leech off your parentsYou're lucky. I have to take care of my parents
>>535298861>8% up over a year, offset by inflation will make me rich o aglo
im 30 years old, have never moved out of my parents house, dont have the most basic adult skills, my body and mind are both wrecked by poor lifestyle choices my retirement is becoming homeless and dying come winter lol
>>535298861I need to put 500k in my retirement fund to retire comfortably with one of the best retirement systems in the country. None of you have actually done the math before have you? We're all fucked, the government did not protect us from predatory capitalists.
>>535302376Just attend SAIT. It is about the best trade school in Canada. Dirt cheap for the locals. Electrical eng and instrumentation will get you a job right after graduation as Alberta is always friggin desperate for those. Then just park your money in an ETF and forget it. Your money will double every 10 years. Obviously, you must keep topping up your holdings if you want your wealth to keep growing. As a Canuck you want to avoid American ETFs cause they charge 30% on dividends. Irish ETFs are the best because (1) they only charge 15% (2) they hold stocks from all over the world and so if Trump crashes America they will simply dump underperforming American stocks and buy wherever they might be outperforming.
>stock stops paying out dividends>money gone
>>535302942This makes no sense. Stocks that pay no dividend are confident they can make you a lot of money. You can lose money on dividend paying stocks.
>>535298861NEET bux don't allow you to invest.
>>535298861because I am a retardalso I don't trust online sites with my banking details I am on a schizo board for a reason.
>>535302856>Then just park your money in an ETF and forget it. Your money will double every 10 yearsyou know that means his living costs will go up as well? Comparing living costs to 20 years ago it easily tripled.
>>535298861I don't trust index funds, 401ks, any retirement type shit because I strongly believe by the time I reach 65 in 30 or so years, the entire financial structure of the world will dramatically change. We are long overdue for a global economic collapse. We will have a very bad year, very soon.
Legit what I’m doing
>>535298861>invest it in index fundskek Index funds are just inflation trackers. You don't actually earn anything from them, all your gains are wiped out by inflation. They alter the inflation calculations every couple decades to hide this.
>>535303659Wrong
>>535303659>You don't actually earn anything from them, all your gains are wiped out by inflationYoure talking about banks. The usual interest rate hovers around 1, 2%. The inflation is 2% to 4%. SO you lose money there. ETFs are different. They are actively managed.
>>535300709I was selling something and looked at the promoted listing fee >recommended is 13%Like get bent kek what the fuck are they thinking, they already take 15% as it is.
>>535305060I don't understand how anyone can make a living off ebay nowadays. Maybe if they sell boomer tier shit and upcharge a lot for it.
The Australian government already forces you to do this, they take 10-15% of your salary and force you to invest it into a superannuation fund which you are only allowed to touch after you turn 60. All their friends run the funds, so its an infinite money glitch for them. Because of this Australia has some of the lowest diversity of economic activity in the world, ranking lower than the majority of African countries when it comes to economic complexity because everyone is all in on the handful of monopolistic companies.This sort of plan only works if a handful of people do this sort of investment strategy, when the government forces everyone to pay for their own retirement like this the whole system gets geared up to only facilitate this and the strategy collapses into oligarchy.
>>535305028>The inflation is 2% to 4%That's my point anon....>They adjust inflation calculations every couple decades to hide thisIf you think real inflation is 2-4% you are a sucker. Real inflation is close to 20%. Like I said they just change the rules every once in a while to hide this fact.
>>535305625If real inflation were consistently 20% annually, a dollar from 2004 would have lost 97% of its purchasing power by now: your morning coffee that cost $1.50 would run you over $57 today. Ridiculous.
