/biz/ - Business & Finance

>>20745148
I’d replace your first word for fiat, but then you wouldn’t understand anyway even if someone clearly explained it to you

>>10568603
Dumbass, retirement won't be around when he's 70

>inb4 retirement age is 64
it won't be

if you invest in 401k you are a brainlet

why?

one or two of several things is going to happen within the next decade. student loan bubble. auto loan bubble APR rates are going to sky rocket (8 year car loans LOL). stock market bubble.

the US dollar is devaluing quickly. and with the amount of debt that is accumulating, you will not be able to retire at age 64. the money you put in today is actually LOSING value over time.

this also assumes there will not be a major war in the USA within the next 40-50 years with rising demographic tensions and extreme political policies.

>>10466068
let's say most of this board is in their 20s (fair assumption). most of us won't be 65+ for another 40 years or so.

do you really think the American dollar is going to be worth shit in 40 years? do you really think the US is not going to be in a state of complete turmoil given its demographic destiny? do you really think these enormous debt/stock bubbles aren't going to pop and inflation isn't going to soar?

nightly reminder that if your investment account is not making returns of AT LEAST 5%, you are losing value each year due to inflation and declining purchasing power of the dollar

friendly reminder that if your investment account is not generating at least 5-10% per year then you are losing value to inflation