/biz/ - Business & Finance

They don't defend it because it's a complete waste of time and energy.
It's totally futile to try and defend it for people who actually think life was somehow better in the year 1200, like the chuds in this thread.
Even if you could convince them, there's no value to doing so because they aren't worth anything, they have no value and there's zero benefit to winning them over.
The easiest solution is to just ignore them, because they aren't going to do anything about it and can't do anything about it

in other words, goys gonna goy

>keeping in mind that inflation will eat this away to nothing within a few years?
if you had a million to give you wouldn't say stupid chud shit like that, in such a stupid chud way

>>55334822
Not only that, but for some reason financial planners attempt to forecast the prospect of having those assets last greater than 30 years and go on and on about how risky that is. Your chart for example has a 60 year row, as if you need to reach the age of 90 with the money.

The reality is that by your mid 30's, you only really need the portfolio to last until the age of 70 when you can take the maximum social security pension and hopefully have very little assets to keep realized annual income low, and in case means testing is ever implemented.

>>55335947
Financial planners and "the industry" absolutely hate people that plan in this way because there is no possible way to exploit these types for income

One is worthwhile one is not
I leave you to decide which is which

For $150k you are owned entirely by the corporation. Your "lifestyle" is irrelevant. You live to work and make those above you millionaires.

Not a single person I have met that achieves this level of income has anything resembling a decent life outside of their profession. It literally does not matter what it is they can or cannot afford because the lion's share of their life is engulfed by sleep and work. It's a pathetic existence; at $100k I already feel that I sold my 20's to corporate America, it's not like that changes if you get paid a little more. And I do mean a little. Thanks to the highly progressive tax scheme in the United States and most of its State/Municipal governments, you'll only make ~50 cents on the dollar for every penny above $89k or so anyway.

If I ate a chipotle every meal of every day for a month at $11 a burrito after tax I come out to nearly $1000

My monthly grocery budget is $300 or less.
Clearly there is money being saved, dummy OP

>>53832569
not a jewish scheme just jewish reasoning
there has never been a time in modern capital markets that FIRE hasn't worked
because goyim are eternal and will consoom like animals
if you are capable of not doing that and instead you tie your net worth to their consoomption you are free

>muh chad muh CHAD REEEEE
very naive
women are dating older more than the previous few decades because there's no other way for them to get material security, and they are more blatant about it than ever
fun fact, my city has the highest ratio of sugar babies to sugar daddies on seeking

Well here's the thing faggots:

If there is such a thing as an efficient market, real estate is the farthest thing from it. There is not a more inefficient market that's commonly accessible to the little guy. It has massive transaction fees, ongoing costs in perpetuity, and middle-men at every single possible point for what amounts to a pile of dimensional lumber, fiberglass batting, some sheathing, and a bunch of drywall panels. It's extremely local, involves a bunch of crazy archaic systems that buying an selling a share of an ETF never had, and involves way WAY more variables that you, an uneducated street shitter who wasted their youth gambling on shitcoins, can ever hope to account for. For some reason you all seem to think that rates are far and away the biggest, and possibly the only thing governing asset prices. I'm not sure where it is you got this idea.

When prices of homes crashed and the global financial crisis began, it is true that central banks made it as cheap as possible to lend money and instigate economic activity. If it had a secondary effect of triaging asset prices, it took years for that to happen. I guess that you all think the converse will happen because rates climbed back, and that might have been the case if you were evaluating Tbills or something, but you aren't, because housing is not primarily an investment, because as outlined it makes for a shithouse investment.

Either evaluate the decision to rent or own with the conditions that exist and you have to live with now or keep screeching "two more weeks" until you die of old age having paid a landlord the entire time. You will not time the market as you hope to.

>>52999482
>once you have sex for the first time it comes much more frequently and easily
this just isn't true
no one will touch my dick ever again

>>51432454
why do /biz/ chuds perpetually misunderstand that you aren't supposed to replace 100% of your income with tax deferred accounts
withdrawing like $40k inflation adjusted per year will not be higher taxed than earning at an annual income of $120k today, protecting some of the $120k today from taxes is much more valuable than having it in a taxable brokerage, even if it's in a tax-efficient index fund because they still can fuck up and put out a lot in dividends and capital gains distributions, as has recently happened with some of Vanguard's own mutual funds
the tax structure is highly progressive and if anything will get MORE progressive

Those numbers should ideally be higher.
We learned from the two trumpbux and one bidenbux payout that under no circumstance should even a small portion of Americans be allowed to have a surplus beyond an overleveraged paycheck-to-paycheck existence.
It is extremely hard to get ahead, and it's probably by design, but also the vast majority of people should not be allowed to get ahead under any circumstance.

>>50010699
I don't order delivery, period.
In fact I stopped eating out altogether, because this industry above all deserves to die.

>make $80k
>lose $40k to US gibesmedat fund

>make $80k
>pretend to be a poor fuck only making $40k
>pay nothing to the US gibesmedat fund your entire working career
>abuse gibesmedats entire time
>have 40 years of untaxed stock appreciation
>poors seethe

I was about to buy them to make up part of my emergency fund, but there are just too many things going against them.

To start with, TreasuryDirect is an absolute fucking nightmare. Upon registering, my account was immediately locked and required a paper form with a Signature Guarantee stamp to be sent in the mail. Getting one of these stamps if you bank online is fucking impossible, as NO retail brokerage is willing to do this for you and getting a bank manager kind enough to do so when you don't have any accounts with them is probably harder than the average 4chan poster to get laid on Tinder. With all the sudden popularity of these things, it took over and entire month for my case to be opened and processed. You can easily be locked out of the website again if you fuck up your login info, forcing you to sit on the phone with wait times for the call center exceeding 3 hours. People have only been able to call in after waiting one hour by dialing EXACTLY when the support center opens at like 6 in the morning.
Following that, to actually get the full 9.62% return, you have to keep the bonds there for a full year, after which you have to wait an additional three months so that the interest penalty only applies to the interest accrued beyond that 9.62%. This means that if you were planning on making ibonds part of your emergency fund, you would already need 15 months-worth in other places before you can finally earn a piddly $962 on $10k pre-tax. With rapidly rising interest rates, the advantage over other low-risk places to keep that money is quickly being erased.

Ultimately I'm not sure if I'm going to bother with it. If I want a good return I would rather put that money in stocks now that they're selling at a big discount, or if stocks are overvalued I would either keep the money liquid or prepay my mortgage to reduce overall risk

>>49329039
debtors become increasingly female and increasingly indebted
student loans, car loans, credit card debt, and big fat risky mortgages

it's already the case, it will just get worse

>>19405998
Considering how many people actually manage to do it for longer than a year, not important at all
Otherwise, there would be way more actually accomplishing it, that's how that works right?

since the foundation of this board you penniless NEETs have been calling a crash

you haven't been right yet and are still penniless

A house is a colossal waste of money. It makes for an absolutely terrible investment. It's a black hole of time and energy to take care of. The piddly $800 a month I pay in rent on a small low maintenance apartment doesn't come close to the $1400 PITI it'd take to buy an entire house just to have it severely underperform the $600 difference that was invested in a diversified portfolio.

For the average 4chan user, none of this is important at all.
Demographic data of incomes relates those incomes to entire households; that means it includes on average a wife and kids.
Women and children are what the consumer economy depends upon, they are its life force (and the key to a miserable suburban middle class existence regardless of income). With those things eliminated a man can easily be well off with even the median US household income.

So for the typical 4chan robot, there's no reason to be in the top percentile of income for an entire household beyond dick waving.

>>10421168
>outside of a few markets on the coasts
you've got it kind of backwards bucko

although coastal properties are way overpriced, there are determined reasons for this: in demand from foreign investors, have major industries drawing top talent, and are all around desirable places to live

justified or not, this is much more rational than the boomer-tier i know what I got craigslist pricing going on in flyover, where the houses weren't ever worth shit

there is zero reason for a shitty slab ranch to cost $200k-$400k in Kansas City for example, and while the same house may cost five times as much in the Bay Area, there is absolutey nothing justifying that price in KC, other than credit is once again very loose (and now half price)

hey goy OP, actual Jew here
all those books are meme books, except Intelligent Investor by Benjamin (Grossbaum) Graham which doesn't give any kind of useful strategy but it's a good read
you need to read books from real Jews, like William Bernstein

>>1348622
Oh you saw my trips of truth did you?

What is there to elaborate on lol!

The 2nd halving is coming on July 9th.

The supply will be halved, chinks will stop selling their mined coins, in anticipation of a future higher price.

The demand will remain the same or (likely) increase much more

Basic high school economics my boy

If this post is dubs Bitcoin goes to 10k in a year

>>1135894
I don't enjoy or want to do any of that