/biz/ - Business & Finance

This will be remembered as the greatest day in the stock market for 2022, unreal. Wonder what will happen tomorrow.

If we pump tommorow, we dump monday
if we crab tommorow, we dump monday
if we dump tommorow, we dump monday

crazy...

I've got a bad feeling about my portfolio, bros. Like soon everyone is gonna wake up and realize that crypto is nothing but pure speculation over "something" that isn't actually used for anything except darknet drug dealers. Like my $2k I've made is going to suddenly turn into 0 when everyone divests and I'm stuck with nothing and back at my NEET life again. What do.


>inb4 fud

>>590750
>>590753
>>590756
Most nouveau riche blow all their money by the third generation.

http://www.wsj.com/articles/SB10001424127887324662404578334663271139552

>muh rents
The value of properties and other investments can depreciate, as you say "You fucks are going to kill yourselves when you lose your savings.". This can happen to the rich as much as it can to the plebs here on /biz/.

Of course some do not blow all their money and some pass it from generation to generation successfully. They are called "old money". They maintain their holdings, move money from failing investments to successful investments, find ways to increase rents and keep revenue above the various costs of running a property, they raise their children properly so they can do the same. This can't be due to luck because they constantly maintain high rates of return, it would be like rolling a 6 over and over. It is due to their cultural and genetic superiority.

And it is a good thing that they have accumulated such a high proportion of the world's capital since they allocate it so effectively. The RKOI are definitely not old money, they will be out drunk and partying when they should be tending to their finances and one day they will discover their trust fund has been wiped out. The system works.