/biz/ - Business & Finance

[Anonymous No.53763910]

>DUDE, JUST DOLLAR COST AVERAGE IN TO VTI OVER 40 YEARS AND YOU'LL BE SET FOR RETIREMENT!

[Anonymous No.53763931]

Well yeah if that is what you want to achieve


You don't dca in every cent if you save for retirement, its a long play

[Anonymous No.53764106]

>>53763910
they're not wrong. pretty much every single time i've deviated from buying and holding VTSAX, i've been worse off than if i simply bought and held VTSAX

[Anonymous No.53764146]

>>53763910
this but unironically, use a small amount to gamble on shitcoins/individual stocks though

[Anonymous No.53764180]

>>53763910
Vanguard is a legitimate cult, but Jack Bogle designed it very cleverly. He convinced a bunch of people to work in finance, to take pride in working at Vanguard just because it's Vanguard (like that means shit), but to get paid like they are Walmart wagies. On top of that, the company also has a cult of "Bogleheads" which would put brand loyalty examples for other companies, even stuff like Harley, to shame.

[Anonymous No.53764184]

>>53763910
Yes.

[Anonymous No.53764214]

>>53764180
i live near vanguard corporate hq. apparently they're shit to work for because their niggerlicious cult-like behavior extends to corporate culture, meaning they pay shit and treat you like a slave. kek.

[Anonymous No.53764269]

>>53764214
>>53764180
they suffer so that we may have very, very low tracking error vs the benchmark (owing to low management fees)

[Anonymous No.53764278]

>>53764180
the numbers don't lie, though. unless you're really lucky, jewish, or some kind of idiot savant, it's extremely likely that simply buying and holding the entire cap-weighted stock market will be the best move in the long run. the boomerheads are kinda cringe, but they generally have the right idea in the narrow financial field of tax-advantaged retirement-oriented investing

>>53764214
ha! i was thinking of getting a job at vanguard. seems like a good place to fiddle with a web ui element once a month and collect a salary

[Anonymous No.53764286]

It's legitimately good advice for the average person (if not Vanguard, then whatever other broad-market fund you prefer).
That said, you will never become "wealthy" from it. The only way to achieve that is to have a high income. No amount of scrimping and saving will get you there. If your goal is to be wealthy, then you need to prioritize obtaining a higher income (whether that means changing careers, getting additional education, changing countries, starting a business, etc).

[Anonymous No.53764324]

>>53764278
i work in accounting. i see their shitty job advertisements pop up in linkedin all the time, they're in office 5 days a week. no thanks.

[Anonymous No.53764351]

>>53764324
>in office
hard pass. i was hoping to pick up some shitty junior frontend remote dev position that takes 5 hrs/week and basically add $60-70k to my total compensation

i try not to call the vanguard phone too often unless it's a legitimate reason. i get a white male essentially every time, who's fairly knowledgable about things like backdoor roth ira's and such. so that's a plus

[Anonymous No.53764365]

Bitcoin will be over a million in 40 years

[Anonymous No.53764371]

>>53764286
pff my goal is to become poor

[Anonymous No.53764396]

>>53764351
>i get a white male
He doesn’t know.

[Anonymous No.53764403]

>>53764371
I know you're being facetious, but many people make up stories to justify not chasing the money (family, happiness, boredom, difficulty) then complain about being poor.
If it's actually a priority in your life, then that will require sacrifices in other areas. Nothing is free.

[Anonymous No.53764413]

>>53764365
it'll be 0 in less than 10

[Anonymous No.53764415]

>>53763910
or dollar cost average into bitcoin for 5 years and retire in 10 year

[Anonymous No.53764423]

>>53763910
I mean, over 40 years, no one is going to beat the market.

Doesn't mean you can't gamble with a lil sum sum though.

[Anonymous No.53764429]

1/3rd of my check goes into it every payday. I don't even think about it.
If you don't have any money in vti or something similar to it, then you're retarded.

[Anonymous No.53764433]

>>53763910
how else will I be able to retire and peacefully enjoy my life at a fresh young age of 75?
need to look at the big picture OP

[Anonymous No.53764436]

>>53764396
it's not like i'm some boomer retard calling general support every week to reset my password with some derka pooja. i might call in once every few years with some specific technical question, e.g., i'd contributed to my roth ira before realizing i made too much money to do so, and needed to withdraw the excess and max it out through my rollover ira instead. vanguard is a decent poor man's wealth management firm. places like cambridge trust won't even talk to you unless you come at them with a quarter mill to invest

[Anonymous No.53764449]

>>53764286
Objectively not true.
I’m 55 and in 1990 I graduated college (with a 5 year degree) and my younger brother graduated high school that year. My aunt worked as a financial planner and convinced my brother to ‘put away as much as you can’ each week into Vanguard type funds. I didn’t and he did. I work as a pharmacist and he’s been a postal deliverer since 1991 and his personal retirement account is almost 2M as he ramped up the amount to 2-400 per week (doesn’t include his govt pension!). He’s a fucking cheapskate and married without kids, but he’s retiring in a few years rather well off… he lives in Austin and bought a house around 1994 when he got married for about 180k, now worth we’ll north of 1M.
People on this site seem to want to be overnight millionaires but it doesn’t happen that way very often. I probably would have been like him but I had 4 children so they were my priority.
Learn to be patient…you’re gonna get old anyway so take it easy along the way.

[Anonymous No.53764453]

>>53764278
>the numbers don't lie, though. unless you're really lucky, jewish, or some kind of idiot savant, it's extremely likely that simply buying and holding the entire cap-weighted stock market will be the best move in the long run
Only for those who lack the emotional discipline to buy low and sell high (which admittedly is 99% of retail investors).

[Anonymous No.53764458]

FCUD vs. Bitcoin, let's go!

[Anonymous No.53764459]

What's so bad about me admitting that I'm a retard that can't trade effectively so I just index?

[Anonymous No.53764468]

>>53764180
Good. Let the wagies suffer for me.

[Anonymous No.53764476]

>>53764371
Based, keep grinding at it.

[Anonymous No.53764491]

>>53764449
$2k/month invested @ 7% inflation adjusted returns compounded annually for 30 years = $2.3M before taxes and fees. your tale is one of investing a large chunk of your income (USPS pay isn't that great, I've looked into it) consistently for a long time, and the guy you quoted isn't exactly wrong.

[Anonymous No.53764515]

>>53764449
Man, I don't know how to tell you this, but 2m at 50 years old is not wealthy. That's above average at best. Around a third of Americans reaching retirement age are millionaires.

[Anonymous No.53764542]

>>53764515

>nigga with 20k net worth telling people they're not wealthy

[Anonymous No.53764550]

>>53763910
>DUDE, JUST DOLLAR COST AVERAGE IN TO VTI OVER 40 YEARS AND YOU'LL BE SET FOR RETIREMENT!
This is true
>AND GUESS WHAT ELSE DUDE. WE'LL TAKE CARE OF THAT PESKY VOTING FOR YOU AND RUN ALL OF THESE COMPANIES INTO THE GROUND WITH WHATEVER SOCIAL NONSENSE WE THINK UP
Also true

[Anonymous No.53764573]

>>53764453
buy what and sell when, at what expense ratio and with what tax implications? i seriously doubt that simply maxing out as many tax-advantaged accounts as possible, invested in index funds, is worse than the alternative
>roth ira: 6500
>trad 401k: 22500
>roth i401k: 22500 (?)
>hsa: 3850
do that every year for 15 years and you'll have about 1.488 million

>>53764515
that's a fine target, actually it's my exact target. withdrawing 3% of that gives you 60k/yr or 5k/month. not exactly terrible income for doing nothing, assuming you have no debt (including mortgage). my current rentoid expenses are budgeted at 3k/mo (realistically closer to 2250/mo) including renting a 2 bedroom that i live in alone

[Anonymous No.53764574]

>>53764459
Ironically you are one of the only people on this board who isn't retarded. You have a bunch of young desperate losers that will gamble what little savings they have because their brain has been rotted by biz. YGMI so take care of your body and mind until then.

[Anonymous No.53764626]

>>53764449
Dude just wait until your body is decaying at Mach speed to have money duuuuuude

[Anonymous No.53764658]

>>53764573
>buy what and sell when, at what expense ratio and with what tax implications?
Buy and sell individual stocks at no expense ratio within your tax sheltered accounts.

[Anonymous No.53764680]

>>53764542
If you legitimately think $2m is wealthy, then I envy you. The ceiling is so much higher. When the average property value in major cities is over $1m, and all of those cities have millions of people, it should be obvious that $2m simply is not enough to be any kind of wealthy. Tens of millions of average middle-to-upper-middle class people have that much.
If you want to frame it in the context of "$2m in a flyover state is wealthy", then sure, but even then there will still be many retirees with that amount.

[Anonymous No.53764699]

>>53763910
>Low fees
>No head aches
>Don't have to stress over it
>Can double down even more from your high paying job and cut that down to 20 years
>Can still invest in other shit while having this safety acoooooomulating for you
What's the problem?

[Anonymous No.53764736]

>>53764626
you can still spend money as you save for retirement. the trick is to make sure you have enough to max out your accounts first, then buy shit without going into debt.

>>53764658
been there, done that. i very much prefer to max out my roth ira backdoor in 1 transaction a year, autoinvest the max into my trad 401k, and put whatever else i can afford into my roth i401k, reinvesting the dividends

>>53764680
do the math. the assumption is probably that you're not buying a million-dollar property in the city center of a major city. a $500k house is just as good.

assuming that's paid in full, because retiring in debt is retarded, skimming off 3% of 2 million pays you a 60k salary (tax-free if it's drawn on a roth account). so basically if you base life expenses are 1-2k/mo, you still have 3-4k completely discretionary income for doing jack shit

that's enough to pay all bills and go on a weeklong vacation in europe every single month for free and still have money left over to buy chinkshit on amazon

[Anonymous No.53764740]

>>53764574
This. 99% of people should focus on getting a well paying job, keeping their spending low, and investing asmuch as they can into index funds. Save some for gambling. If you get a good job and focus on becoming an entrepreneur, you can even shovel more money into your investments.

[Anonymous No.53764749]

>>53764680
A passive return of 3-5% yearly would put him well above the median income.
5% is literally 100K annually..

[Anonymous No.53764752]

>>53764736
>been there, done that. i very much prefer to max out my roth ira backdoor in 1 transaction a year, autoinvest the max into my trad 401k, and put whatever else i can afford into my roth i401k, reinvesting the dividends
There's nothing wrong with that. Just know you are leaving money on the table for the sake of convenience.

[Anonymous No.53764759]

>>53764740
this, becoming another cog in the machine is the greatest thing we can do in life

[Anonymous No.53764762]

>>53764752
Lmao
>Dude just invest in gme and dog coins, I know the next shib!
How's that working out for you?

[Anonymous No.53764775]

>>53764574
You know these info that popup on brokerage accounts, or commercials for them: 90% of retail investors loss money investing.
Considering how many retards there is investing ( think the average active Robinhood user had less than $100 in his account), there is a good chance that you are in the 10% category, especially if you have been doing it for a couple of years.

[Anonymous No.53764794]

>>53764752
yeah obviously. it's just so much better for me to make more income and passively invest in index funds. work is easy to find and the income just auto-deposits into S&P500, btc, cash savings, gold, etc.

>>53764749
yeah, my repeated 3% withdraw on 2m is actually very conservative. it's easy to live off 60k if you have no debt, and the remaining balance will just keep compounding despite skimming off a little bit every year

not to mention you can still work in retirement. my plan is to "retire" at 50 into some bullshit easy job with full bennies, take 60k in dividends and another 75-100k in salary, and chill

[Anonymous No.53764798]

>>53764759
You will never make it because you see yourself as a cog. You can find the right shit coin to gamble on and still lose because you do not believe in yourself.

[Anonymous No.53764819]

>>53764762
>Lmao
>>Dude just invest in gme and dog coins, I know the next shib!
>How's that working out for you?

[Anonymous No.53764832]

Unironically the best thread on /biz/ right now.

[Anonymous No.53764836]

Stock market is a joke, it only goes up next dollars are being devalued

[Anonymous No.53764844]

>>53763910
yes I will DCA into VTI over 40 years and use it to build wealth that my children will inherit. they will have a comfy life without waging until death. maybe I'll not make it while Im young but I'll make damn sure that my kids will make it and escape the j***** rat race.

[Anonymous No.53764855]

>>53764844

[Anonymous No.53764915]

>>53764286
this doesn't seem to be the moment to buy in though. maybe after another interest rate hike and resulting market shakeup. is it crazy to leave funds in a Vanguard money market account and buy in after the next presidential election? the country/market isn't going anywhere but down under Pres. Brandon

[Anonymous No.53765074]

>>53764819
Nice selfie.

[Anonymous No.53765083]

>>53764915
>Buying things at a low price is bad because.... It just is OK?!

[Anonymous No.53765134]

>>53765074
Says the gme and dog coin "investor"

[Anonymous No.53765304]

>>53763931
>>53763910
>crashes everything before you're medicaid age
>lays you off
>waits until COBRA ends, then hits you with a massive black swan disease forcing you to sell into a depressed market (or die) because 'murrica
>pumps into the stratosphere now that your portfolio's as anemic as your red blood count, leaving you in the dust and wiping 25+ years of "careful money management and DCAing"
>cums on you

[Anonymous No.53766216]

>>53763910
This should be the sticky. Crypofags BTFO. I know this is supposed to be ironic or something, but it's actually the best advice I've ever read on this shit board.

[Anonymous No.53766376]

>>53764459

You're not an idiot. As someone who has actually studied accounting, finance and economics (mostly economics), market trading and timing is still VERY hard. Including the fact that you need good risk management (which I'm terrible at).

I learned a long time ago that it's better for me to focus on sector allocation, then have an active manager deal with the daily technicals. Everybody has their strengths and weaknesses. The problem on the internet is, everybody thinks they're a genius and they're never wrong. Even when these retards lose money, they blame everyone else and not themselves.

If you're a terrible trader and you don't have enough time to study any of this stuff (or don't want to) then just buy index funds with large blends. If you're good with fundamentals and macroeconomics, but suck at risk management and technical analysis, do sector allocated funds.

The only people that should really be trading individual stocks are people that actually have the time to study the balance sheets of individual companies, study geopolitics, macroeconomics and they know how to do technical analysis and trade options. The thing is, most people can't actually do all of that. Retards on the internet think they're smarter than entire teams of mathematicians, accountants and lawyers working at banks and mega-corporations.

[Anonymous No.53766510]

>>53764180

Vanguard was created in a different era. Bogle wanted a low cost option for regular people to invest. Vanguard is a major player in the ESG cancer destroying the world now

The "bogleheads" cult is straight faggotry. Go to their forum and you'll see it's nothing but retarded Dave Ramsey types of boomers that are completely disconnected from reality.

[Anonymous No.53767037]

>>53763910
Dollar cost averaging is a meme and will kill your returns.

[Anonymous No.53767435]

>>53766510
>chud NEET shut-in accuses others of disconnect from reality

[Anonymous No.53767502]

>>53766376

That's kind of what I was thinking. Once I started to understand how complex the economies of nations actually are I realized that I was really out of my depth.

[Anonymous No.53767525]

>>53763910
it works if you have a shitload of income. if you're just some midwit reddit NPC. then it's just a pipe dream. only difference is we are aware it's a scam.

[Anonymous No.53767568]

>>53766510
/biz/ was all for vanguard index funds in around 2014, during the bear.

[Anonymous No.53767638]

>>53764680
2M is good if you plan to go in EA otherwise in USA it s shit. sorry. try again waggie

[Anonymous No.53767679]

>>53764429
Have fun providing exit liquidity to the boomer community. When did index funds become to norm to contribute to? When will that generation stop contributing to the funds? So many anons keep fantasizing about a housing crash when instead they should be more cautious of the highly inflated SP.

[Anonymous No.53767727]

>>53766376
Work for a big bank,
im an associate
My pod covers like 5 companies tops,
Priced a company at X.
Company goes to X

Secretly, I put a randumb price target on it that seems reasonable.

Fuckthatworked.jpg

[Anonymous No.53767795]

>>53764844
>I will give a Jewish investment firm my money to escape the Jewish rat race

[Anonymous No.53767807]

>>53764574
if you make just like 70k a year you can invest enough into index funds to retire and also gamble on crypto

[Anonymous No.53767914]

>>53764515
Set for retirement doesn't mean wealthy.

[Anonymous No.53768027]

>>53767679
200 iq post. Is population growth increasing or decreasing? Who is going to buy the index fund bags of the last big generation?

[Anonymous No.53768125]

>>53764278
My Bitcoin disagrees.

[Anonymous No.53768350]

>>53767679
So what is the alternative then? Dividend stocks?

[Anonymous No.53768477]

>>53764449
Yeah man, that isn't too farfetched. That is good for him, but 2 million in investable assets even for someone 30 years old isn't enough to make it right now, even with a moderate lifestyle. Too much sequence of returns risk along with inflation. 2 million for someone you or your brother's age is fine to retire with as you can supplement it with Social Security and Pension and don't have near as much inflation or SRR. We understand the idea of saving, etc. it just gets more difficult as our expenses skyrocket while income is stagnant. The only remedy to that is to increase your earning potential or make it big with a risky investment, not something VTI will do at this point.

[Anonymous No.53768684]

>>53768125
>he still holds bitcoin
fucking kek. pic related. there are roasties that you haven't even heard of actively working to put bitcoin into an early grave

[Anonymous No.53768721]

>>53768684
I retired at 29, thanks to BTC. Those roasties can suck my nuts.

[Anonymous No.53768785]

>has over 9,500 holdings in the ETF
> Apple and Microsoft account for 6% of the entire fund

No thank you. I stick with my small cap growth ETFs.

[Anonymous No.53768931]

>>53764351
>>53764396
>Good morning sir, my name is Mike Smith, how may I help you today?

[Anonymous No.53769403]

>>53763910
What did they mean by this?

[Anonymous No.53769421]

>>53764740
I don't want to work

[Anonymous No.53769751]

>no one in this thread realizes direct indexing or individual stock picking win every time due to cult marketing

[Anonymous No.53769767]

VOO Faggot here.
I honeslty dont think I will make it to my 50s, should I just day trade?

[Anonymous No.53769769]

>>53763910
VTI is pretty much the best investment you can make outside of bitcoin.

[Anonymous No.53769799]

>>53768350
Cash and bonds

[Anonymous No.53769800]

>>53764423
>Forgot all the people who bought AAPL, GOOGL, TSLA, MSFT, V, BRK for pennies

Whoops!

[Anonymous No.53769827]

>>53763910
Index fund DCAing is trash but 95%+ of people are retarded so they have no better option. Also, the government incentivizes the strategy. In China for example, very fee people are invested in stocks. Most just buy property & start small businesses.

[Anonymous No.53769832]

>>53764180
>>>53764214 >>53764269 >>53764278 >>53764468 >>53766510
WHY does vanguard have mutual funds, sector and market cap specific ETFs??

[Anonymous No.53769989]

>>53768931
>MOASS id
wtf sirs??

[Anonymous No.53770134]

>>53766510
The other hilarious part is them being delusional about S&P 500 being the bedt investment in the world. It's like guys the pitch is that it's easy and good, not that it beats every hedge fund and crypto portfolio.

[Anonymous No.53770139]

>>53763910
Fuck i just need 1 billion so i can retire and buy art

[Anonymous No.53770151]

>>53764286
>prioritize obtaining a higher income

Are you Asian or Indian?

That's not how you get wealthy. For normal people the very career max is 180k-200k and that's a lot of corporate waging. Even a non CEO executive is still like 600-800k year.

Wealthy people own equity in businesses and assets. Not good jobs.

[Anonymous No.53770172]

>>53766376
>Retards on the internet think they're smarter than entire teams of mathematicians, accountants and lawyers

They have different regulations and they need strategies that can absorb huge amounts of capital. As a small trader you can find opportunities the big guys don't care about.

Also nobody reads anything including those people at the banks.

[Anonymous No.53770174]

>>53770151
Yep, REITs and high dividend stocks are better but don’t get the publicity

[Anonymous No.53770180]

>>53769403
Lmao. I can almost see it.

[Anonymous No.53770199]

>>53766510
Vanguard reversed their ESG investment criteria’s recently.

[Anonymous No.53770606]

>>53768125
i invest 12.5% of my total compensation, down from 25%, into btc for no fees, tardo
>maxxing out your ira in vtsax means you can never own btc
cmon man

>>53768931
you can tell by voice alone if someone is white or other

[Anonymous No.53770620]

>>53769832
it's all just fag versions of VTSAX desu. sector funds are okay if you're talking tech or consoomer discretionary (realistically 80% apple or amazon)

[Anonymous No.53770634]

>>53770151
dude just literally get a new job and don't quit your old job, then instead of going from 80 to 120 k, you go from 80 to 200 k. do that once more and suddenly you are making 300 k

[Anonymous No.53770700]

>>53770151
He means get a higher income so you have more disposable income for investments.

[Anonymous No.53770718]

>>53764449
>>53766376

This is why i buy link.

[Anonymous No.53770740]

>>53770151
How do you get the assets without an income, dingus?

[Anonymous No.53771093]

Index funds will get you 10% a year but where will something like Microsoft be in 20 years?

[Anonymous No.53771119]

>>53771093
I dunno it’s risky obviously. MSFT was pretty much flat from 2000 - 2014, since 2014 it’s been a great stock though, maybe the trend continues maybe not.

[Anonymous No.53771251]

>>53764736
>do the math. the assumption is probably that you're not buying a million-dollar property in the city center of a major city. a $500k house is just as good.
>assuming that's paid in full, because retiring in debt is retarded, skimming off 3% of 2 million pays you a 60k salary (tax-free if it's drawn on a roth account). so basically if you base life expenses are 1-2k/mo, you still have 3-4k completely discretionary income for doing jack shit
>that's enough to pay all bills and go on a weeklong vacation in europe every single month for free and still have money left over to buy chinkshit on amazon
That's how it has been for retirees from the 1950's until now. But I think those smooth sailing easy days are over. Hard times are coming

[Anonymous No.53771279]

>>53764915
>Vanguard money market account
You know what this actually is? It's bonds. What they call "bonds" are actually middle to longterm bonds. "Money market" is short term bonds; bonds that are loans to, as far as I could discern: 1) the US federal government, 2) the state of California, and 3) the state of New York. TL;DR My life savings are currently all IOUs from the state of California. Great

[Anonymous No.53771321]

>>53768027
"Decreasing population growth" is still an increasing population size lol. I think you mean "Is population increasing or decreasing." Otherwise, exactly right. I'm staying the fuck out of stocks until the bubble pops

The big question is what's going to happen when the US government debt bubble pops

[Anonymous No.53771331]

>>53770134
Do I smell a story somewhere in that post?

[Anonymous No.53771335]

>>53770740
Ask daddy

[Anonymous No.53771336]

>>53770172
Yes... but people who trade on behalf of large organizations professionally are probably also investing privately

[Anonymous No.53771340]

>>53769403
HA. I've been on this website for too many years

[Anonymous No.53771341]

>>53771321
>The big question is what's going to happen when the US government debt bubble pops
It's never going to pop, they will just raise the debt ceiling forever.

[Anonymous No.53771344]

Daily reminder that there is no free lunch. Index funds aren't a golden goose, crypto won't make you a millionaire overnight, cash and bonds are worthless in a high-inflation environment.

>The presence of the index fund (or a decrease in the fee charged by the index fund) tends to increase stock market participation and thus increase asset prices and decrease expected returns from investing in the stock market. As a result, few - if any - investors benefit from the availability of cheap market indexing.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4246321

The issue with economists is that they are very good at pointing out a problem, but rarely address what the solution should be. I believe that paper advocates actively managed funds, but that's another ball game.

As another anon in this thread said, the way to become wealthy (outside of an inheritance) is to increase your lifetime earnings.

[Anonymous No.53771360]

>>53771341
Not how economics work. Remember- the US government doesn't just owe money to itself. It owes money to the private and public sectors... internationally. Foreign investors, private and public, as well as domestic private investors, have been allowing the fed jews to roll over the debt for decades. It's been an open secret for a long time, now, that they'll never, never, never be able to pay it back. When domestic and foreign investors stop buying new Fed debt so it can roll over old debt... there's only two things that can happen, as far as I understand it: bad depression or hyperinflation.

[Anonymous No.53771386]

>>53770740
Small loans of one million dollars.

[Anonymous No.53771499]

>>53771360
Eco msc here, I wouldn’t put too much stock (kek) in that paper. It rests on some pretty shaky assumptions. Simulating a model of (one) index find is already a fools errand because you have plenty of real data, why would you not just use it? One of the authors central assumptions is that as participation increases, expected returns go down, yet looking at annual snp 500 data, returns have been bouncing between -30 and +30 for the last couple of decades. Over which participation in funds has increased substation.If your assumption is clearly at odds with reality, how can you justify using it?

[Anonymous No.53771590]

>>53767795
>I will throw my entire net worth into the next pajeet ponzi scam coin after I fell for the last one and refuse to learn from my mistakes
>I will continue to short the bottom and long the top of bitcoin for all eternity

you can continue gambling as much as you want, if you make it Im happy for you.

[Anonymous No.53771622]

>>53771344
>The issue with economists is that they are very good at pointing out a problem
They're not even good at that.

[Anonymous No.53771624]

>>53769799
>cash and bonds
Not an option if you haven't made it yet

[Better than having Sim Sim Salabim shill me his next 100x shitcoin rugpull pump and dump. No.53771626]

>>53763910

[Anonymous No.53771631]

>>53771499
Translation from the garrulous academic jargon:
>If stocks have not left a particular range for the last couple of decades, surely this is definitive proof that the trend will never, ever change this pattern. Also, I'm smarter than you and introduce myself to strangers on the internet with my overvalued educational credentials because I lack self confidence

[Anonymous No.53771643]

>>53771622
It's absolutely fucking incredible that the entire, international academic economic institution exists and yet collectively these highly trained, highly educated, highly paid professionals have been routinely blind sighted by any significant economic downturns.

There must be some fundamental conflict of interest in the economist profession

[Anonymous No.53771653]

>>53771631
Why don’t you kill yourself instead of replying with embarrassing shit like this? Why did you reply to my post if you clearly lack the reading comprehension to understand it?

[Anonymous No.53771655]

>>53771643
"economist" is a joke profession

They don't deal with the real world markets and have no clue. There's no dis-incentive when they get things wrong. Unlike traders at an investment bank for example.

[Anonymous No.53771794]

>>53771653
My low IQ results in compulsive behavioral tendencies obviously. Also that was my best attempt at summarizing the obscure and seemingly incoherent academic jargon I suspect you accidentally and incorrectly replied to initial my post with, having intended to reply to another anon

[Anonymous No.53771810]

>>53771655
So would you say the situation is that the investment bankers class and their like all know they're driving the global economy into a completely unnecessary debt default crisis by essentially gambling taxpayer money but don't say anything, erstwhile the overeducated academic fools sit in their ivory towers on tenure and quibble over 50 year old economic theories and philosophies while having no idea what's really going on in the world?

[Anonymous No.53771849]

>>53767435
what is reality anyway? nothing in reality that i see makes sense. especially so in finance so i don't get how either of you could accuse one another of being disconnected from it.

[Anonymous No.53771937]

>>53764413
shoutenings. you will own nothing and you will be happy goy.

[Anonymous No.53771965]

>>53771937
Huuts

[Anonymous No.53772005]

>>53767679
Source?
Not saying your wrong but...Doomer hands typed this ?

[Anonymous No.53772024]

Only 20% of traders actually out preform the market.

[Anonymous No.53772033]

>>53772024
heh

[Anonymous No.53772124]

>>53771499
I'll be honest I've only read the abstract, when I posted it, but the theory passes the sniff test.

Lower costs means lower barrier to entry, which means higher demand, driving prices up. Underlying asset's future cashflows don't change (key assumption here), therefore future earnings are lower.

Price-Earnings ratio is generally a good measure to predict future returns. Whilst the last 12 years have seen inflated prices due to QE and negative real interest rates, it'll be interesting to see how it develops. I would suspect that the price will continue to stagnate while earnings slowly rise, bringing us back to more reasonable numbers.

[Anonymous No.53772276]

Yes

[Anonymous No.53772453]

>>53770199
Only the climate stuff. They will still pass on your promotion for being a white male.

At least go with Schwab if you are going to index.

[Anonymous No.53773374]

Let's say the next bullrun I cash out 100k after withholding some for the IRS jew, should I allocate 50% into index funds and 50% cash? How do you fags tackle this

[Anonymous No.53773387]

What happens when the boomers cash out at once. Get left holding a bag you hope the next generation pumps up with money. THAT JUST SOUNDS LIKE SOCIAL SECURITY WITH EXTRA STEPS

[Anonymous No.53773918]

>>53771965
huutista :D what hearing dude? :D

[Anonymous No.53773969]

>>53773387
According to the glownig shill and literal faggot Peter Zeihan, the average Boomer retired last year. From here on they'll be liquidating growth equities in favor of cash and looking for security in bonds. Add to the mix the Federal Reserve jacking up the cost of capital and they'll need sell even more.
So expect a decade or two of fire sale prices, I guess?
https://youtu.be/hpwWwTUPXtU

[Anonymous No.53773971]

>>53771251
i kinda doubt it. nothing ever really seems to change. my grandma's first job paid $800/week adjusted for inflation, the same as my first salary. a house still costs about 3x my salary. meat and dairy are still relative luxuries, considering most people in the world (dirt poor niggers, chinks, and poos) exist on a diet of rice and beans. maybe eggs are somewhat more expensive, but nothing ever really changes. my family has been middle class landowners for 1000 years and will likely be so forever

[Anonymous No.53773984]

>>53763910

It's basically a guaranteed way to build large wealth (multimillions, potentially 10s of millions if you're super aggressive with your investing) over your life. It's supposed to be there to provide income when you're too old to work, and if you don't use it the money is there for your wife and kids.

>You do have children and other people in the world that you care about more than yourself, r-right anon?

[Anonymous No.53774014]

>>53773918
Over board on speed again :D

[Anonymous No.53774123]

>>53771344
kind of an interesting thought experiment. if there's a single index fund that owns the entire market, and everyone invests exclusively in that fund, then eventually the market will stop moving forever. very clean and delightfully infantile analysis i'd expect from economists

>economists
>very good at pointing out a problem
not really. if that were the case, the content of every economics paper would be "it's the jews"

>>53771499
well it's just a thought experiment, it's not real or even meaningful. the impression i got from skimming the paper is that it's basically academic masturbation. very similar to the black science guy thinking about what happens when all the stars in the universe die and all matter cools to the same temperature: entropy normalizes and time effectively stops

[Anonymous No.53774195]

>>53769421
Embrace the grind anon.

[Anonymous No.53774199]

>>53764515
that 1/3rd probably includes their home, not 2mil of liquid securities

[Anonymous No.53774238]

>>53770151
i'm using my 200k income to get connections and experience to hopefully found my own firm in a niche and growing industry where i plan on getting institutional money into assets in this growing industry at ridiculous valuations and taking a cut in commission

[Anonymous No.53774299]

>>53771279
so it's a choice between risking that the US Govt, CA and NY will all default - or - buying into a market that is about to go down even further and stay down an extended period of time from all indicators.

[Anonymous No.53774307]

>>53774199
yeah this whole "home equity is wealth, mortgage debt isn't bad debt" cope is kind of embarrassing. here's my current demographic (18-35 with $200k net worth) so i'm in the 90th percentile re: wealth vs. age

https://personalfinancedata.com/networth-percentile-calculator/?min_age=18&max_age=35&networth=200000#results

according to that site, a big amount of my peers' net worth is derived from home equity. while i don't even own property but will in the next 1-3 years

anyway, the great thing about doing this kind of research, like studying the profiles and character traits of the wealthy or the perfect credit scores, is that it provides good tips and shows me how wealthy i truly am.

for example, i have a better credit score than most 80+ year olds, with half as many cards as a perfect 850, zero debt, and a dismal average account age (2 years cuz the kikes closed my student loan accounts after i paid them. also no debt at all. this kind of consumer profile actually breaks the FICO model

[Anonymous No.53774348]

index funds are a scam and would not work had they not been memed so hard onto boomer retards. by funneling trillions of dollars into these organizations they have gained tremendous power and the ability to distort reality

[Anonymous No.53774369]

>the absolute state of this thread's cope with index funds

[Anonymous No.53774440]

>>53774307
another little story: (((excise tax))) bills just came in. i was gonna fight it but realized my car was actually undervalued by $50 according to the government's retarded concept of car values.

another thing that separates the rich from the wealthy is tax efficiency, and index funds are extremely tax efficient due to very low turnover. back to cars though, if i was some richfag who bought a $30k car on credit, not only would i be making (((monthly payments))) on a (((car loan))), i could potentially have a surprise tax bill of like $15,000 every single year with a month to pay it, lest i get charged more (((interest))) and (((penalties)))

when in reality i drive a low-key luxury car that's criminally undervalued, with a rock solid engine (hoping to get 400,000 miles out of it), and adjusted for inflation, would retail for $55k today

funny thing, how old volvo station wagons are the only used non-collector cars that actually appreciate over time. i remember when those used to cost $1000, now you're lucky to find one under $5000

[Anonymous No.53775273]

>>53764449
One brother made it, the other one hanging out on /biz/.

[Anonymous No.53775311]

>>53763910
Makes sense if you know you'll never die c:

[Anonymous No.53775437]

>>53763931
i keep reading this long play, long term thing. did the fuckin shit tank and now u faggots claim that u been in it with a decade long scope anyways. topkek

[Anonymous No.53775462]

>>53769832
Bogle retired and the successive CEOs added them to make more money.

[Anonymous No.53775631]

>>53763910
>retirement in 40 years
vanguard is underwater
they will be out of money in 10

[Anonymous No.53775866]

>>53768350
Real estate and Bitcoin. But just focus on getting some land and do not be afraid of debt. Bankruptcy is a put option depending on your state. Also, ignore the negativity from the day to day noise. The fact you browse biz tells me you’re going to make it.

[Anonymous No.53776062]

>>53775437
brown hands typed this, or at least retarded ones did. I honestly can't decipher wtf you're trying to say.

[Anonymous No.53776559]

>>53764680
>average property value in major cities is over $1m,

Dont live in a major city

[Anonymous No.53776616]

>>53766376
Personally I am usung my ROTH IRA to focus on companies that are on the either the dividend champions, kings or aristocrats lists.

Am aiming for 20 to 30 of those cpmpanies that I will buy and forget about. The only infustry sector I am not considering is real estate, as I am already exposed in other investments, and financials, because I think its gonna crash sooner than later.

[Anonymous No.53776745]

>>53763910
Ive made over 100k in vtsax over the last 3 years doing absolutely nothing

[Anonymous No.53776750]

>>53776559
there is no city other than sf where this is the case. no body cares about sf stop talking about it

[Anonymous No.53777104]

>>53768721
Did you have a fat stack or a moderate amount and invested in traditional afterwards?

[Anonymous No.53777151]

>>53776745
You haven't made anything until you cash out, anon.

[Anonymous No.53777934]

>>53770740
Being early in a new business.

Having more income helps, but striving for a high income job is ngmi. For most people.

[Anonymous No.53777958]

>>53771331
Not really. Just go look at any thread where someone claims to have a better portfolio.

> Ok but you aren't taking into account dividends and inflation.
> Ok so you are, but that person's probably just lucky this year
> Ok so it's a long term fund, but they probably are doing something illegal or the floor will drop out from underneath them
> Ok so maybe it's better but it's ultra risky

[Anonymous No.53777963]

>>53763910
At least it's better than not being set for retirement.

[Anonymous No.53777967]

>>53771386
If you received one of those you would already have squandered it. You will always bring telling stories about how nobody gave you a shot and you will lie about the opportunities you had.

[Anonymous No.53777987]

>>53771336
So they just have time to do double duty? They make more from their job than they would getting 10% instead of 7%. Plus their utility is partly determined by the organization. On their own they don't have the same resources and information.

[Anonymous No.53778042]

>>53764515

You’re a fucking moron. That guys net worth at that age is more than average physician, and in the top 5-10% of wealth for his age in the country. By any metric he’s upper middle class. More importantly, he has financial independence and flexibility to do what he wants at a relatively young age. That is true wealth, and impressive for his working history


God I hate entitled broke zoomers like yourself who have to pick at every little thing. Not only are you a faggot but completely mouth breathing dumb as well

[Anonymous No.53778090]

Lmao just looked it up

Our post office bro is in the top 3% of net worth among all 50 year olds in the country, yet to broke 4chan crypto faggot isnt “wealthy”


Lmao

[Anonymous No.53778164]

>>53768931
this is all i needed

its this week

[Anonymous No.53778233]

>>53773971
>my grandma's first job paid $800/week adjusted for inflation, the same as my first salary
I think it's pretty well known and established that purchasing power has decreased significantly

[Anonymous No.53778242]

>>53773984
>guaranteed

[Anonymous No.53778261]

>>53764915
The AI put the boat in the wrong place. It needs to be underneath that wave obviously lol

[Anonymous No.53778315]

>>53774440
>hoping to get 400,000 miles out of it
Spill the beans you nigger. Not even Camrys have that life expectancy

[Anonymous No.53778319]

[Anonymous No.53778348]

>>53778042
How can an average 50 yo physician, making $200k+ for presumably 20 years, only have a net worth of 2m? What's he spending half his salary on every year?

[Anonymous No.53778484]

>>53778348

50% of self reported physician net worth for ages 44-49 is UNDER $1 Million. For ages 50-54 61% have net worths over $1Million but that doesnt break out anythign between 1- 5 million. so still fair to say USPS dude with 2M at 50 has better net worth than most physicians his age - and that is not accounting for his Austin home equity which is 700k+

What may account for this? Student loans mean most doctors dont pay off that debt until their 40s. Lifestyle creep, chasing bigger houses, nice cars, expensive vacations, boats, etc. - remember your peers are other doctors. My brother is a doc and him and his wife spend top money on EVERYTHING. Candles ? Got to be $100 a piece. Clothes? Only designer brands. Cars? Replace every 3 years. Country club memberships that are thousands a year, private school that costs as much as college, and good god if you get divorced prepare to be ethered.

Also most doctors are smart medically but completely financially illiterate. 'DCA into a Vanguard fund' might as well be speaking a different language to most of them. So not only is there a spending problem but a lot of that money isnt invested at all. Really is amazing how a nurse or accountant following the freaking dave ramsey plan can grow more wealth than a fucking doctor into 30s, 40s, 50s, and 60s.

https://www.whitecoatinvestor.com/physician-millionaires/#:~:text=Now%20the%20majority%20of%20doctors,increase%20in%20just%203%20years.

[Anonymous No.53778607]

>>53778484
Fascinating, thanks.

>Private school
If you care about your children, live in your car if required to send them to a private school

[Anonymous No.53778966]

>>53778233
we're certainly being jewed, just on a time scale of centuries instead of the goyim-distracting timeline of
>muh biden made gas and eggs expensive

>>53778315
volvo whiteblock with regular high quality full synthetic oil changes and timely skilled repairs can easily last 400k miles
https://www.youtube.com/watch?v=ReIis6tR4WY

[Anonymous No.53779093]

>>53778484
>smart medically but completely financially illiterate
it's not quite this as much as they think they're so much smarter than everyone else that they turn their nose up "conventional wisdom"
kind of reminds me of /biz/raeli chuds without the antisemitic accusations

[Anonymous No.53779350]

>>53776616
You have any specific recs? I like this approach

[Anonymous No.53779666]

I mean, thats my plan, yeah

[Anonymous No.53779694]

>>53764459
Well I'm not good at trading too and not a pro yet, so I just stake to stay afloat with decent yields for EGLD and RIDE on the Maiar Dex

[Anonymous No.53779708]

>>53769403
lmao

[Anonymous No.53780887]

>>53776745
How much in though

[Anonymous No.53781405]

>>53778966
>just on a time scale of centuries
Maybe one century, from the early 1900s until now. I still think assuming the rate of these change factors will remain consistent for the next 100 years is inaccurate

[Anonymous No.53781922]

>>53778966
>volvo whiteblock
Thanks!

[Anonymous No.53783103]

>>53764515
Wrong and a lie proven by a simple google.

[Anonymous No.53783310]

>>53763910
Yes and this is the best case scenario. Worst case scenario the left nationalizes your 401k using social equity or some shit to give your racist money to a horde of dumb spics that were too poor and stupid to save for retirement or contribute to society in a meaningful manner. Nigs will nog and always be 12% of the population. Whites will be replaced with retarded goblins that consoome more welfare and gibs than nogs would in 100 year due their large breeding population. 401ks will he seen as money hording by evil whites and will be pilfered by the left. This will happen in our lifetimes.

[Anonymous No.53783468]

"the s&p 500 goes up forever" will be proven wrong this century.

what happens when the largest age cohort (boomers) starts cashing out to fund their retirements? what happens when the next generations simply have less money to invest? what happens when inflation outpaces s&p 500 growth year after year? what happens when these companies can't sell as much shit as they used to because people are poorer?

[Anonymous No.53783482]

>>53783468
So millenials and zoomers are fucked or what? Where to put money then? I'm unironically thinking India.

[Anonymous No.53783522]

>>53783468
The lines will always go up

[Anonymous No.53783534]

>>53763910
>dude just make the same thread on 4trans every day complaining about random obscure shit surely that will solve the problem