/biz/ - Business & Finance

I don't own any shitcoins, I don't fall for that. Here's my portfolio

>GICS
I own a fuck ton of GICS paying 5.6% interest, earning me a solid risk-free return

>Apple
A solid cash cow with growing profit centres, what's not to love?

>META
Solid play, strong cash flow, controls the flow of data, the oil in the information-economy

>Berkshire Hathaway
Strong diversification and exposure to lots of private placements you wouldn't otherwise have, I'm talking the BNSF Raillines and shit. Earning me solid cashflow.

As a Jew, this is unironically why we look down on white people. White boomers especially guys look down on blacks for spending all their money on bling instead of saving up and buying mutual funds, but we Jews look down on you guys for your financial illiteracy. Buying property is only good if the economic conditions are right for it, otherwise you're throwing your money away for no reason.

I was raised in a very financially literate household. I have millions to my name and zero property, and have zero plans to buy any. We laugh to each other when we see white boomers talk about leveraging themselves up to the grill to buy "muh rental units" or "muh investment properties"

>Tfw you have extremely privileged brats who are 23 years old earning 80-120k out of college after four years of partying and acting degenerate
>studies show once you earn that much, your quality of life is on par, if not better than that of a billionaire, all things being equal.
>Leftists ignore these people, who are truly the most privileged people in the world, and instead go for old rotting billionares who have 100% of their wealth invested in the economy and would slash their nuts off to be one of these rich college brats.

And on aggregate, billionaires don't hold much of the nations wealth. If you redistributed every piece of equity of every billionaire in America, it would come to $12,000 per American. Compare that to the massive amounts of wealth contained by the elite technocratic class of people earning 80-150k a year, I'm talking software engineers and bankers, especially the savvy ones who invest their money. If you redistribute this group's aggregate wealth, it would come down to $250k per American.

I have nearly 120% of my money in META (I'm in debt) with Mark Zuckerberg. AMA because I really really believe in this company and am willing to ride it to the moon.

I truly don't give a fuck about the price of any of my investments, I'm serious, couldn't give a fuck. I know the companies I buy are generating consistent positive and growing cash flows and don't give a fuck. In fact I recently bought a broad market index and was slightly UPSET that it went up, because in the future I'll have to pay a higher price for it. This is how a real investor thinks, we don't really give a shit about the price, but we have slight hopes for our stocks to go down.

Inflation? Truly don't give a fuck. I couldn't give two shits about inflation.

Interest rate hikes? Couldn't give a shit, what's that?

Rececssion? Good

Change of government policy? Good thing my portfolio doesn't rely on government contracts, my companys' value exist independently of government. A perfect example is APPLE. I own APPLE, APPLE does not give a fuck what the government thinks it will continue to earn cash.

I even own some Bitcoin, but guess what, I don't give a shit about the price.

People hate debt, I love debt. The fact that I can just manifest money in my hands whenever I want because I have a good relationship with the bank to me is a wonderful thing. A few months ago I needed a car for a new job, MONEY APPEARED, I went on vacation a few weeks ago, MONEY APPEARED. Debt, if used correctly, is a wonderful tool.

Debt is how wealth is built!.

The market is efficient and the only way to surely make money is buying index funds... anything else is gambling. This is what all super rich people know. THe only reason they concentrate in any other investments is to make their lives a bit more daring and risky because they're bored.