Why were so many boomers such godawful parents? I just realized most of em could have put 1k into the stock market when their kids were born and it would be worth 30-40k at this point and could be used to fund a variety of things for their kids. The trump-account thing is a great idea but it shouldn't taken the federal government to do this.
Is this how zoomers understand the stock market?>You just put money in the stock market and you get more money, it's literally that easy
>>545840286Yes, the SP500 has been exactly that over the last 30 years, with some variation of course.
ah man cant forsee the future
>>545840309
>>545840160All it takes is investing about $2.5M to get a work-free annual income of $200,000
>>545840607To keep up with inflation you really need to continually reinvest 3%, making it closer to 100k
>>545840661That is with reinvesting. You're thinking like poor people that pay taxes, loans aren't taxed.
>>545840715Not enough, you're assuming over %10 run which isn't guaranteed even though it's the average performance.
>>545840777Checked. You sound poor. Andrew Tate I thought you was still in jail bruh?
most people back then had no idea what the fuck the stock market really was unless they lived in new york, and didn't know how to access it eitherboomers only dream to get rich or even be comfortable without breaking their back was be born to someone rich who knows that shit, be a celebrity, hit the lottery, or just work hard. Warren Buffet for example was born to a Dad who already taught him the basics about that shit then he just mastered it
i genuinely dont understand most people
