/biz/ - Business & Finance

>>51693964

At your age, I would change up that portfolio.

50% in VOO is fine.

Cut down your VXUS to 20%.

Get rid of EDV altogether. There's is no reason at your age to own any bond funds whatsoever. If you want bonds at all, just buy Treasuries yourself through your brokerage account (it's very easy btw).

Put 20% in an Emerging Market Fund.

Use the remaining 10% to buy a Materials/Energy/Agriculture Fund, if Vanguard offers one. If there isn't one available, than do more VOO, the Emerging Market Fund, or a Mid-Cap fund.

>>49711879

That's a good one!

>>49392618
I made my first 10 bucks.

>>49364933

Inflation is bad because it destroys the purchasing power of savings. Especially for the working middle class and the poor, who own very few assets other than maybe a house and a car.

If you're truly a Leftist, you should be against inflation because it robs the working class of their time and labor.

Inflation also encourages bad habits throughout the economy. It encourages mass-consumption instead of a balance of consumption and saving. It encourages people to go into more and more debt (making them slaves to banks, landlords, their employer and corrupt politicians that offer them "goodies" for more votes).

Along with artificially low interest rates, it encourages non-profitable companies to take on even more debt and to expand into industries that are fundamentally not needed. This in-turn eventually leads to mass-unemploynent when interest rates are eventually raised, because these companies rely on debt to fund their businesses, not the actual production of goods and services. This mass-unemployment then leads to an increase in violence, suicide, drug-use, ect. which causes even more strife in society. Politicians then come in and promise to fix everything if you just give them even more power and control over your life. These politicians win, because humans are stupid and short-sighted. These politicians then need more money to fund their expanded power, but they can't raise taxes, so the Federal Reserve monetizes the extra spending, which creates even more inflation.

This cycle will continue until the entire system collapses and there's nothing you can do to stop it. For every fiscally and socially responsible American, there are probably 1,000 Americans that are completely fiscally and socially irresponsible.

>>49355151

I do all 3.

>>49354914

Why do normies not process information, period?

How many times have you told someone something about economics, only for them to ask you again next week and the week after that, etc.?

It's basically impossible to get someone to remember something if they have no interest in it.

>>49340263

I made that Pepe.

>>49337275

- Go to your local tax accountant

- Fill out a bunch of paperwork regarding starting an LLC

- Get your EIN, link a bank account and get a buisness debit card

- Get insurance

- Start advertising your goods/services