/biz/ - Business & Finance

I actually remember when this first came out. It took a few days for the FOMO to really kick in, but when it did there was a huge pump that was well received here on /biz/. You have to understand that back then there was no apprehension or anxiety about throwing money at something like this because it was a guaranteed win... the market was trending upwards and this was a sure thing.
Until it dumped and kept on dumping. At first nobody was really sure why... until they found out that the team was handing out tokens to data scientists as rewards for their work. Well, these data scientists aren't retards and they proceeded to duly sell it off en masse, which broke the uptrend and shattered public faith in this shitcoin. It never really recovered.

>25k after tax
>mortgage 12.5k
>other expenses 7.5k
hmmm let's see here if you invest 5k a year and make 7% on average then...
>inflation eats away 3% a year on average
>meaning inflation-adjusted returns are 4% per annum
so your real dollar value t+30 will be 297k and your nominal dollar value t+30 will be 510k

However the good news here is that if you increase your yearly investment by 5k every year (so that you begin investing 30k per annum by year 25) then you should have a real dollar value of 888k. Together with your home equity you should easily surpass the millionaire mark.
Yeah just wageslave for 30 years opie

>>13961887
I lost all my money but still come back for some laughs and goofs